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QuickBooks 2004: Working with Taxes, Equity, and Liabilities

Course Code: QB0406
Estimated time needed: 5 Hour(s)
CEUs: Available

Course Summary:

This online course provides an overview of the tools and forms that QuickBooks provides in order to manage taxes, equity, and liabilities.

Course Objectives:

After completing this course, you should be able to:
  • Take a discount for timely payment of taxes
  • Describe the various federal business income tax forms
  • Set up a draw account
  • Enter prior period adjustments
  • Manage retained earnings
  • Set up a long-term loan

Course Outline:

  • Sales tax preferences
  • Charging sales tax
  • Tax reports and paying sales tax
  • Discount for early payment
  • Income tax forms
  • Assigning Tax Lines
  • Tax reports
  • Creating a tax return
  • Opening balance equity account
  • Recording Owner's draws
  • Prior period adjustments and retained earnings
  • Accounts payable and payroll tax accruals
  • Recording credit cards
  • Paying credit card accounts
  • Accounting for deposits or retainers
  • Recording loans

Course Features:

  • Exercises that allow users to practice the application
  • A file containing the text of the exercises
  • Simulations that allow users to practice course skills, even if they don't have access to the application
  • A glossary
  • A Skill Assessment

This online course is for:

This online course is for anyone who wants to get the most out of using QuickBooks 2004.

Prerequisites:

QuickBooks 2004: Setting Up QuickBooksQuickBooks 2004: Adding Information and SecurityQuickBooks 2004: Invoices, Purchases, and PaymentsQuickBooks 2004: Timesaving FeaturesQuickBooks 2004: Recording Inventory and Assets

Technical Requirements:

200MHz Pentium with 32MB Ram. 640 x 480 256-color video (800 x 600 is recommended). Windows 98 or higher. Minimum Connection Speed: 28.8k. Internet Explorer 5.0 or higher required. Macromedia Flash player 6.0 is recommended for full functionality, but not required to play the courses. Sound card, with speakers or headphones is recommended, but not required to play the courses. JavaScript must be enabled. Netscape and AOL browsers not supported.

Copyright Information:

  • QuickBooks® is a registered trademark of Intuit Inc.

Copyright © 2007 Training Center. All rights reserved.

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