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QuickBooks Desktop 2021 #14 – Multiple Currencies

£28.86

This course includes lifetime access so you can complete it at your own speed. This course is designed for those interested to learn the QuickBooks Desktop 2021, accounting for multiple currencies, work example problems related to the sales cycles, and demonstrate transactions related to forward contracts. Benefits of taking this course include: Unlimited and lifetime access to the course Learn the course at your own pace Course can be accessed on any platform 24/7 Customer support

SKU: 296303 Category:

Description

Accounting and finance_Bookkeeping

Description

Who this course is for:

  • Accountants
  • Bookkeepers
  • Business owners

What you’ll learn:

  • How to turn multicurrency on and which accounts will be affected
  • Work example problems related to the sales cycles
  • Demonstrate transactions related to forward contracts

Software version used in the course:

  • QuickBooks Desktop Pro 2021

The course will discuss accounting for multiple currencies, outlining the process in Excel to provide a more transparent look at the process. Then entering the transactions into QuickBooks, the software automating some of the steps required.

We will learn how to turn multicurrency on and which accounts will be affected most by multicurrency transactions including cash account types, accounts receivable account types, and accounts payable account types.

Students will work example problems related to the sales cycles and the purchases cycle, the sales cycle including foreign currency receivables, the purchases cycle including foreign currency payables.

We will also demonstrate transactions related to forward contracts, both for speculative purposes and to medicate risk on foreign currency transactions.

QuickBooks Desktop 2021 #14 – Multiple Currencies will cover the following topics:

Section 1 – Overview

  • Download Free Or Paid QuickBooks Pro 2021
  • Install QuickBooks Pro 2021
  • Increase Size Of Icons
  • Multiple Currencies Overview
  • Multiple Currencies Cash, Accounts Receivable, And Accounts Payable

Section 2 – Sales Cycle

  • Multiple Currencies Invoice And Accounts Receivable
  • Multiple Currencies Accounts Receivable Revalue Using Current Exchange Rates
  • Multiple Currencies Receive Payment And Make Deposit Excel
  • Multiple Currencies Receive Payment And Make Deposit QuickBooks
  • Multiple Currencies Reversing Entry

Section 3 – Purchase Equipment On Account

  • Multiple Currencies Purchase Equipment On Account – Excel
  • Multiple Currencies Purchase Equipment On Account – QB
  • Multiple Currencies Adjusting Entry Accounts Payable
  • Multiple Currencies Transfer Money To Foreign Currency
  • Multiple Currencies Pay Foreign Accounts Payable
  • Multiple Currencies Accounts Payable Reversing Entry

Section 4 – Purchase Inventory On Account

  • Multiple Currencies Purchase Inventory On Account
  • Multiple Currencies Accounts Payable Adjusting Entry
  • Multiple Currencies Foreign Currency Transfer
  • Multiple Currencies Accounts Payable Reversing Entry
  • Multiple Currencies Accounts Payable Payment

Section 5 – Forward Contract For Speculation That Foreign Currency Will Strengthen

  • Forward Contract For Speculation That Foreign Currency Will Strengthen Overview
  • Forward Contract For Speculation That Foreign Currency Will Strengthen Initial Transaction
  • Forward Contract For Speculation That Foreign Currency Will Strengthen Adjusting Entry
  • Forward Contract For Speculation That Foreign Currency Will Strengthen Maturity Date Transaction Excel
  • Forward Contract For Speculation That Foreign Currency Will Strengthen Maturity Date Transaction QB
  • Forward Contract For Speculation That Foreign Currency Will Strengthen Reversing Entry
  • Forward Contract For Speculation That Foreign Currency Will Strengthen Maturity Transaction Accounts Payable

Section 6 – Forward Contract For Speculation That Foreign Currency Will Weaken

  • Forward Contract For Speculation That Foreign Currency Will Weaken Overview
  • Forward Contract For Speculation That Foreign Currency Will Weaken Initial Transaction Excel
  • Forward Contract For Speculation That Foreign Currency Will Weaken Initial Transaction QuickBooks
  • Forward Contract For Speculation That Foreign Currency Will Weaken Adjusting Entry
  • Forward Contract For Speculation That Foreign Currency Will Weaken Maturity Transactions Excel
  • Forward Contract For Speculation That Foreign Currency Will Weaken Maturity Transactions QB Cash Transfer
  • Forward Contract For Speculation That Foreign Currency Will Weaken Maturity Transactions QB Accounts Payable
  • Forward Contract For Speculation That Foreign Currency Will Weaken Reversing Entry

Section 7 – Forward Contracted Used To Reduce Risk From Purchase Of Fixed Asset On Account

  • Forward Contract To Reduce Risk From Purchase Overview
  • Purchase Fixed Asset On Account Foreign Currency
  • Forward Contract Transaction Excel
  • Forward Contract Transaction QuickBooks
  • Adjusting Entry Accounts Payable Foreign Currency
  • Adjusting Entry Forward Contract
  • Foreign Payable And Forward Contract Maturity Transactions
  • Forward Contract Maturity Transactions
  • Foreign Currency Accounts Payable Maturity Transactions
  • Foreign Currency Reversing Entries