QuickBooks Online Multiple Currencies
QuickBooks Online For tow days completely 100% Free during everything you want
to Learn to record transactions using multiple currencies from a certified
public accountant (CPA).
This course is written by the very popular author from Udemy
Robert (Bob) Steele
The most recent Last updated 3/2021. The language of this course is English,
but also have sub-titles (captions) in English [US] languages to better
understand. This course is shared under the categories Finance &
Accounting, Money Management Tools, QuickBooks Online
More than 11,849 students had already enrolled. in the QuickBooks Online
Multiple Currencies | Udemy Which makes it one of the more popular courses on
Udemy. You can free coupon Code the course from the registration link below.
It has a rating of 4.7 given by ( 32 ratings), which also makes it one
of the highest rated courses at Udemy.
The Udemy QuickBooks Online Multiple Currencies free coupons also 4 hours on
demand video, 3 articles, 10 downloadable, resources, full lifetime, access on
mobile and television, assignments, completion certificate and many more.
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Is this course right for you?
If you are wondering what you will learn or what things this best Udemy
courses will teach you after getting courses Udemy free coupon.
Learn QuickBooks Online Multiple Currencies | Udemy: Okay, here are a few
things.
- Business owners
- Accountants
- Bookkeepers
Requirements Course:
- None
Description Course:
Learn how to get access to QuickBooks Online including a
possible free 30-day trial version often offered by Intuit,
the owner of QuickBooks Online.
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.
What I am going to learn?
-
How to get access to QuickBooks Online including a
possible free 30-day trial
- How to turn on the multicurrency feature
-
Set up accounts related to multicurrency including
account types of Cash, Accounts Receivable, &
Accounts Payable
-
Enter transactions related to foreign currency
accounts receivable
-
Enter transactions related to foreign currency
accounts payable
-
Enter transactions related to forward contracts for
speculation
-
Enter transactions related to forward contracts to
reduce risk on foreign currency transactions
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