How to do a full month of bookkeeping in QBO {full tutorial}
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- Опубліковано 16 тра 2024
- Do you have Quickbooks Online (QBO), but don't know how to do the bookkeeping!? If you aren't ready to hire a bookkeeper yet, and want to DIY, this is for you! Or maybe you are doing it, but you aren't sure if you are really doing it right?
This video shows you how to do a full month's worth of bookkeeping in under 45 minutes with REAL business data!
If you want to get started and want to secure a 30% discount for an entire year, go here:
claracfo.com/QBO
*** IMPORTANT *** to get the 30% discount after the trial period, you MUST input your credit card information into the system before the trial period ends. You will lose your discount if you do not do this. If you lost your discount, email us at hello@claracfo.com and tell us the email you used to sign up, and we can get the discount applied manually.
Quickbooks Online (or "QBO") is one of the most widely used accounting systems for small businesses. And for good reason: they have been in the game, focused on small business for a LONG time. If you still need to set up QBO, be sure to watch out setup video here: • How to Set up QBO in L...
This video covers how to do one month's worth of bookkeeping:
00:00 Introduction
2:49 Getting transactions into QBO - automatic and manual
9:00 Bank Feed overview
10:30 How to classify transaction
17:10 Setting up a new vendor
25:34 Credit card transactions
32:30 How to handle owner's personal expenses
37:00 Reviewing your work
40:31 Reconcile the bank and credit cards
Check out the entire "How to do stuff in QBO" series from Hannah Smolinski, CPA, and small business CFO here: • How to do stuff in QBO
Need a guide to QBO setup? Get the QBO Optimization Checklist Here: claracfo.podia.com/qbo-optimi...
Find more resources for your small business HERE: learn.claracfo.com/
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💲 Need an accounting system? We use Quickbooks Online with clients and recommend it as the best accounting system for small businesses. Sign up to get a discounted subscription for 12 months! claracfo.com/QBO
🙋♀Got Employees? Talk to Justworks! They can help you if you are a small business owner or an accountant or advisor who works with small businesses. Learn more here: claracfo.com/justworks
💸Pay vendors any way they want and get paid faster! Accept credit cards without paying merchant fees! Melio is a fantastic payments solution for every small business! claracfo.com/melio
(As an affiliate or referral partner for these companies, I may earn rewards from qualifying purchases)
Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at claracfo.com/
Disclaimer: This video is intended for educational purposes and
should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.
This is the best QBO full tutorial in UA-cam right now... Great job Hanna!
Thanks Hector! That means a lot coming from you! Hope you are well!
@@ClaraCFO im doing wonderful now that I have competition in UA-cam! :)
Haha @hectorgarciacpa I've got a lot of catching up to do to keep up with you!
A mutual admiration relationship.
who is Hanna?
This is freaking amazing!! Thank you so much for the comprehensive walkthrough... it has helped me soo much! I look forward to seeing more.
One of the most helpful videos out here so far! Thank you for explaining this in detail! :)
This QuickBooks tutorial was amazing! It was so helpful and made everything so clear. I've been struggling with QuickBooks for a while, but this tutorial made it all click. Thank you so much for putting it together!
This is very helpful for beginners like me. Hope you can do more QBO bookkeeping stuff Clara. You are awesome!
Glad to have stumbled onto this video. Exceptionally helpful, straightforward, and well done. Thank you!
You ROCK! This is hands down..THE BEST monthly bookkeeping tutorial I have watched. I did some things right other stuff I got clarity on: categories and bank rules! I now understand WHY they are so important. Also creating an excel spreadsheet to import data and let QBO do the work and I clarify a transaction, vs directly entering a transaction...game changer. Thank you for sharing and a new subbie!❤🦋
I am new to using QBO, and this is the best QBO full tutorial on UA-cam right now... Great job Clara! Greatly appreciated
Thank you so much for taking the time to show me a full month of Bookkeeping. I understood every step of the process. I will be watching your other videos for more training! Great Job!
Hands on project i have been looking for . Good work 👏
So clearly explained with a clear voice and accent. Love it. Thank you so much!
So practical and helpful. Thank you!
Best learning in life through UA-cam. Thank You.
Really appreciate your straightforward approach! It helped me understand the basics of keeping my transactions complete and my reports meaningful!
Thank you for showing a straightforward and practical path to understanding.
Thank you so much. I am a visual learner and really appreciate coming across this video!
i absolutelly enjoyed watching your video again. thank you
GREAT GREAT GREAT video! 👏🏻 I have saved it to my watchlist so I can go back to it whenever I need to.
Thank you so so so much! ❤
This was a great video and I learned a lot as a small business owner. Thank you
Thanks for the lesson. It is so much better when I see a visual. Again than you, I will be tuning in for more.
Love this so much! Id love a video that quickly explains all the categories.
Video was awesome, didn't see which plan you were on for Quickbooks. Much appreciated.
I loved this! It helped me to decide to purchase Quickbooks Online. Thank you!
Thank you so much for taking the time. You are the only so far who has actually walked us thru QBO. May you always prosper
Thank you! I hope this helps a LOT of people!
finally, I found this kind of full-month bookkeeping tutorial, Gracias!!
Hi Clara! Thank you so much for these videos. I'm wondering if recording historical transactions, would I need to input historical invoices/bills just to have on record?
As someone who recently started an LLC and just beginning to find my footing in business bookkeeping, thank you for this from the bottom of my heart. It covered all the big questions I had about keeping my own books month to month.
Nicely done. I learned some new things. Thank you!!
This was unbelievably helpful! Thank you so much!
I'm so glad! Thanks so much for watching!
The absolute BEST bookkeeping review I have ever watched on UA-cam! Seriously, thank you so much for posting this.
Wow thanks! Happy I could help!
Thank you Hanna! This "How To" rather than a "What It Is" video is extremely helpful. Please keep making these How To videos with real world scenarios and examples.
Thank you! Will do!
This is the best beginner Quickbooks info I've found on UA-cam, thanks you!
Wow, thank you! So glad it was helpful!!
I have been looking for a walk through from the beginning, this is awesome,,,thank you!!!!!!
So glad it is helpful!
Very helpful on "creating rules"... excellent feature. Great Job!
Wow… thank you so much for these videos. Just started using QBO and have been struggling… this was Concise, clear and I can step through a process. Excellent job Hannah!
You're very welcome!
This step by step tutorial was perfect! I haven't used Quickbooks before, so seeing this in action with real life numbers and situations was perfect. I feel like I can dive right in and use it now. Thank you for making and sharing this.
This makes my heart happy! Thanks for sharing!
The best Tutorial i have ever seen🥰
❤love your tutorial! Thank you!
Thanks so much for drilling down to the basics. Great reminders for me.
You are very easy understand.
Thank you.
So glad this was helpful for you!
Definitely subscribed. I will be watching more
Thank you for this video it's very clear and informative..
New QBO user just getting started and this was SUPER helpful, thank you. 👍👍
You are so welcome, happy I could help!
This video made my day. I have been looking for full use case. This video did it. Now i just need to learn how to add my COGDS and i should be golden
Thank you so much
Thank you for this video.
Yes. A lot of people say how to but they are really what is.
Very impressive! Your tutorial is very easy to understand and follow! Highly recommended!
Thanks a lot! So glad I could help!
Its more than everything, i watched it twice and its its its, nothing else i need, THANKS instead THAAAAAAAANKSSSSS
I am 52 and on disability do to a TBI!! To get off disability i hust earned a degree in accounting and NOW LEARNING QB. Thank you for several of your videoes. Your work is helping me get a 2nd career. I use to be an Armed Security until TBI
Thank you for such a great tutorial. I've enjoyed every second of it and have learnt so much from it. Keep up the amazing work!
So glad I could help, thanks so much for watching!
Thank you Hanna, This was a great refresher for me since it's been a while!!
You're so welcome! Thanks for watching!
You seem nice and sincere and would tell the ones who tell you anything negative can go to H....They are wrong
Thankyou ❤ I appreciate this video to manually enter transactions as the banks in my country are still in the process of connecting QBO with SMEs. Our small island nation is still getting there. 😊
OMG! This is really helpful. Thank you. Good job.
So glad it is helpful!
You're a rockstar! Me, my business, and mostly accountant thank you!!
Thanks for watching! Glad they can help!
Seeing the step by step was great!! I am new to QBO and this helped answer so many questions. Thanks
Amazing!! So glad I could help!
Thank you for this video. As an aspiring bookkeeper, this video has helped so much! You mentioned that every transaction should have documentation to back up sales or expenses. Is it best to upload/verify each document as back up during this work flow. How does one keep sufficient record in case of an audit? Could you make a video about this? Also, does this work flow only apply to cash basis: would an accrual basis have additional steps? Any insight would be appreciated. Thank you again.
So far, so good. Impressive!
Superb description, Thanks a lot Hanna.
Thanks so much!!
Thank you so much for this training. Just a question, how do you manually add an opening balance as you did?
Thank you for your work! Happy new year! :)
Happy to help! Thank you for watching, Happy New Year!
Awesome!!!
Best tutorial out there. This practical and so well explained video was exactly what I needed to stop pushing my self back. I am ready to jump on it. Thank you Hanna.
Great to hear! Thanks so much for watching!
I am listening to you because I joined quickbook 2 months ago every expensive since you are the first explanation how to start. I waste over 300 because no one like you taught step by step. Thank you
Great explanation of QuickBooks tutorial.
Hi Clara, superb tutorial. Very helpful indeed. Moreover, can you please give separate tutorial for 1099? It would would be a great help for us (bookkeeper). My clients are from the USA and I am their bookkeeper but I am leaving outside the USA. Please make a separate video for more detailed for 1099. What is 1099 and when to start tracking 1099 and other important notes about 1099. It would be a great help for us. Thank you
Hi Clara, thanks for the video! Can I manage my inventory with QB too?
this video was better than the entire QBO proadvisor course i took
Haha yay! And it was a lot shorter!!! 😂
I agree
please preach! the QBO Advisor training is excellent but generic. it served its purpose. The only way to learn is to do! And lets say thank you Clara for showing us how to actually "do" bookkeeping in real time. I practiced on MY books first and now Im more confident providing the service to others vs practicing on folks and messing their books up! 😮😅. I have QBOA and Im going to get certified for this year and fine tune my systems and processes and then market my services. It also helps me determine exactly what type of client I want to serve..
SBO here- I have been subscribed to QBO for about 5 weeks and almost quit 2 days ago. I was so frustrated!!!! This video was great. I needed an overview before I can work on the details. THANK YOU! Very much!
Love this tutorial. Thank you for sharing
Thanks for watching!
Thank you so much! This is well explained and so clear to understand. I’m going to watch again step by step when doing mi reconciliation. Thank you again ❤😊
Glad it was helpful!
This was very helpful. Thank you!
So glad! Thanks for watching!
Appreciate the content... Very useful. Thank you.
Clara, I want to thank you so much for doing this training. I’m learning a lot from seeing step by step and then applying what I’ve learned. Sometimes you just need to see someone else do it to feel confident.❤
Absolutely! I feel the same way, and that's what hoped this video would do for some of you! ❤️
Hey! I am new in QBO so I also want to enter all this data for
practice purposes can you guide me?
I agree. I hired a mentor for my first month and my confidence is through the roof now!
Agree 100%.
Hello can I get connected with workforce app how?
Great Video, just what I needed to know! Thank you for sharing.
Glad it was helpful!
Thank you so much! This was super helpful! :)
I'm so glad!!
Thank you for your expertise❤
Thanks for being here Maggie!
Clara, I'm so pleased with your tutorial. We hired a bookkeeper, and she made a mess out of our books. The firm decided not to do business with us anymore, leaving me to fend for myself. I been going crazy looking at different videos. The worst is that now is tax season, and the new CPA tells me that nothing matches up. Once again thank you and I will continue to be a student of yours.
Hi Ms. Clara, thank you so much for this video! May I request for bookkeeping for NGOs using QBO? They usually have this budgeting and budget reports as addition to their accounting process right? Thank you!
This was a great video - I learned a lot. For expenses, do you recommend adding a receipt for each one? What about recurring bills statements, for example, the internet bill each month, or the web hosting monthly statement?
That was quite helpful since it was explained in an easy to understand way.
Really helpful.Thanks for sharing.
Glad it was helpful!
Thanks for this video, I wasn't sure why my CC payments weren't showing up. Do you have a video on how to process invoices? Or one about using your own products and how to file that?
Smart and Gorgeous!! Great combo great video thank you!!!
This was so helpful- thank you!
So glad!
Much better than most presenters!!! Clara did not try to squeeze 1 hour of info into 15 minutes.
glad it was a good pace! I get feedback both ways sometimes!
woah, Thank you for this ❤
Than you so much, I want to do some work on the side & this videos is a great help! ❤️
This was great! Very helpful. Thank you.
Glad it was helpful!
Thank you for sharing you have great content, when asking clients to sign in to there bank accounts do we screen share and they handle that? Or is there a way you recommend for safety reason
Hey your tutorial is super duper good, Best of luck-
Wow. Thanks for that complete info. Done subscribing your channel ❤
Very Helpful! Thank you
Great video!!! Thank you so much!!!
Best tutorial! I have a question regarding my business structure. Started an LLC in August 2022 but was advised to change from an LLC to a Non Profit in February 2023. Do I need to have 2 separate QB accounts or can I use one and just use the date range to delineate the two?
Great tutorials and I have a question. I upload my receipts on my QB mobile app and when I'm reconciling on the desktop it shows the receipt attached to the transaction. When I click add in the action column to complete, I get a popup message that says (You must have at least a note string or file attachment) and I'm not sure what this action requires.
Your skills have the potential to enhance my work significantly.🙂🙏
Very Helpful. Thank you, Clara. I just started bookkeeping and was having issues understanding while balances where different. but it was 4 months of transactions.
Glad it was helpful!
Thank you for doing this video. it was really helpfull.
Happy to help! Thanks for watching!
Thank you Clara. This was very helful!
I'm so glad!
This is very good . Thank you z other videos are out there they skip so many steps.
Great work, I appreciate it
It is the best tutorial work for trainee