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Learn bookkeeping basics
·
Module 1
Bookkeeping & QuickBooks Fundamentals
The Accounting Equation & Account Types
Review the accounting equation and the five major account types (Assets, Liabilities, Equity, Revenue, Expenses).
2
Debits, Credits, and the Accounting Equation
Explain the rules of debits and credits and their impact on the accounting equation.
3
Cash vs. Accrual Accounting
Differentiate between cash-basis and accrual-basis accounting.
Understanding Accounts & Source Documents
Explain the purpose of a chart of accounts and common source documents (invoices, receipts).
5
Dashboard & Main Menu Navigation
Navigate the QuickBooks Online dashboard and main menu.
Automating Double-Entry in QuickBooks
Explain how QuickBooks automates the double-entry process for common transactions.
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