This course is the fourth in a series of courses covering QuickBooks Online 2024 comprehensively.
We will enter period-end, typically month or year-end, adjusting entries.
Learners will understand the process of adjusting entries and how and why adjusting entries are separate from the general data input process.
We will learn how to transition from the accounting data input to the adjusting process and back to data input for the following month as smoothly as possible.
Making the transitions between the accounting data input and adjusting entries smooth requires reversing entries.
We will discuss which entries should need reversing and why. Learners will understand how to enter reversing entries.
The course will also cover the generation of reports, using filtering options, to show the adjusting and reversing entries.