Learn how to get access to QuickBooks Desktop including a possible free 30-day trial version often offered by Intuit, the owner of QuickBooks Desktop.
The course will discuss accounting for multiple currencies, outlining the process in Excel to provide a more transparent look at the process. Then we will enter 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.
Learners 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 mitigate risk on foreign currency transactions.
The multiple currency feature is useful when the company is holding onto cash in a foreign currency, the software helping us to record the home currency equivalent for financial statement presentation.
Multiple currency functionality is also helpful when we make sales on account, sending an invoice, hoping to get paid in the future, tracking accounting receivable, but expecting to be paid in a foreign currency. The accounts receivable account will need to be valued in the home currency even though we will be paid in a foreign one.
We have a similar situation when we make purchases on account, promising to pay in a foreign currency at some point in the future. The accounts payable account will need to be valued in the home currency equivalence even though we will be paying in a foreign currency.
Everything You Need to Know About QuickBooks Desktop Multiple Currencies
This course is a comprehensive and well-structured introduction to QuickBooks Desktop Multiple Currencies. The instructor, Robert (Bob) Steele, is a leading expert in the field with a wealth of experience in Finance & Accounting to share.
The course is well-structured and easy to follow, and the instructor does a great job of explaining complex concepts in a clear and concise way.
The course is divided into sections, each of which covers a different aspect related to Accounting & Bookkeeping. Each module contains a series of video lectures, readings, and hands-on exercises.
The instructor does a great job of explaining each topic in a clear and concise way. He/She also provides plenty of examples and exercises to help students learn the material.
One of the things I liked most about this course is that it is very practical. The instructor focuses on teaching students the skills and knowledge they need to succeed in the real world. He/She also provides students with access to a variety of resources, including templates, checklists, and cheat sheets.
Another thing I liked about this course is that it is offered on Udemy. Udemy is a great platform for taking online courses because it offers a lot of flexibility for students. Students can choose to take courses at their own pace, and they can access the course materials from anywhere with an internet connection.
Udemy also offers a variety of payment options, so students can find a plan that works for them. The course also has a very active community forum where students can ask questions and interact with each other. The instructor is also very responsive to student questions and feedback.
Overall, I highly recommend this course to anyone who is interested in learning QuickBooks Desktop Multiple Currencies. It is a well-organized and informative course that will teach you the skills and knowledge you need to succeed.
Got a question? We've got answers. If you have some other questions, please contact us.
To use coupons on our website, simply click on the "Take this course" button next to the course you're interested in. You will be redirected to the Udemy course page with the coupon applied automatically.
The coupons on our website can significantly reduce the price of Udemy courses, often making them very affordable or even free. However, the availability and terms of the coupons may vary.
Absolutely! We value your input and want to provide you with the courses you're interested in. If you have a specific course in mind that you'd like to see on our website, please don't hesitate to reach out to us. Simply send us the course title, and we'll do our best to contact the instructor and make it available to you.
The course may not be free on Udemy for two main reasons:Firstly, if the coupon for the course has expired, it won't be available for free or at a discounted price. Secondly, coupons often have a limited number of redemptions, and if the maximum limit has been reached, new users may not be able to enroll for free.
Yes, it's completely legal to enroll in courses using the coupons provided on our website. The coupons are offered in collaboration with instructors and are a legitimate way to access courses at discounted or free rates. However, it's essential to respect the terms and conditions set by Udemy and the course instructors.
The validity of coupons can vary from course to course. Some coupons may have a limited time frame of 4 days, while others could be available for an extended period. Be sure to check the coupon expiry details on our website.
