Total Time: 5 hour(s)

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

Ojectives: 
After completing this course, students will 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

Topics: 
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

Technical Requirements: 
P500+ Processor, 128MB of RAM; Windows 2000, 2003, XP, Minimum screen resolution 800x600, Internet Explorer 5.5 or higher; Windows Media Player 9.0 or higher; Flash 8.0 or higher; 56K minimum connection; broadband (256 kpbs or higher) connection recommended; Javascript, DHTML and cookies enabled; Sound card with speakers or headphones strongly recommended.