Mastering QuickBooks for Law Firms

Description

Course Specifications

Item Number: MQC2020
ISBN #: 978-1-942020-16-5
Hours of instruction based on user’s skill-set: 16-24
This course covers features that are in QuickBooks Pro and Premier 2020. QuickBooks software is sold separately.

System Requirements

QuickBooks 2020 or 2021 software and Windows Server 2012 (or R2), 2016, or 2019. Windows 8.1 Update 1, or Windows 10 update/version operating systems. Refer to the QuickBooks software installation instructions for specific hardware requirements.

Course Description

• Prerequisites: You can successfully complete this course without any prior software knowledge or computer experience. A basic understanding of the computer operating system you are using is recommended.
• Delivery Method: Self-paced or classroom-delivery learning model with structured hands-on activities.
• Benefits: First-time QuickBooks users will learn the basic features of the software. Experienced QuickBooks users will quickly learn how to customize QuickBooks for their law firm.

Mastering QuickBooks for Law Firms – Table of Contents

1. Introduction
2. Setting up a Company File
1. EasyStep Interview
3. Customizing QuickBooks
1. Setting up Preferences
2. Customizing the Chart of Accounts
3. Customizing the Items List
4. Setting up Class Tracking
4. Tracking Customer Activities
1. Adding customers
2. Adding jobs
3. Creating Estimates
4. Progress Invoicing
5. Receiving Customer Payments
6. Recording Deposits
7. Recording Prepayments from Customers
5. Customer Reports
1. An Introduction to the Report Center
2. Customers & Receivable Reports
3. Customer Contact List Report
4. Accounts Receivable (A/R) Aging Report
5. Customer Balance Detail Report
6. Jobs, Time & Mileage Reports
7. Jobs Progress Invoice vs Estimate Report
8. Estimates by Job Report
6. Tracking Vendor Activities
1. Adding Vendors
2. Adding 1099 Contractors
3. Recording Billable and NonBillable Items
4. Recording Billable and NonBillable Expenses
5. Writing Checks to Record Billable and NonBillable Expenses
6. Using Credit Cards to Pay for Expenses
7. Tracking Reimbursable Expenses
8. Unbilled Costs by Job Report
9. Profit & Loss by Job Report
7. Tracking Time & Mileage by Job
1. Using Timesheets to track Billable Time
2. Time by Name Report
3. Time by Job Report
4. Billing Customers for Time
5. Tracking Mileage by Job
6. Mileage by Vehicle Summary Report
7. Mileage by Job Detail Report
8. Managing Employee Payroll
1. Payroll & Employee Preferences
2. Employee Setup
3. Payroll Items List
4. Payroll Interview
5. Processing Payroll
6. Payroll Reports
9. Workers Compensation
1. Preferences for Workers Compensation Tracking
2. Payroll Item Codes for Workers Comp Tracking
3. Experience Modification Rate
4. Setting up Default Workers Comp Codes for Employees
5. Workers Comp Reports
6. Certified Payroll Reports
7. Tracking Expiration Dates for Subcontractor Insurance
10. Retention
1. Adding a new Retention Account
2. Adding a new Retention Item
3. Creating Contractor Invoices to include Retention
4. Sales by Item Detail Report
5. Customer Balance Detail Report
11. Percentage Completion Accounting
12. Closing Procedures
1. Setting a Closing Date
2. Account Reconciliations
3. Key Financial Statement Review
1. Trial Balance
2. Profit and Loss (Income Statement)
3. Balance Sheet
4. Cash Flow Statement
5. Backing up QuickBooks Data
13. Appendix A: QuickBooks Keyboard Shortcuts