QuickBooks Online vs Xero Accounting Software 2020

Compare leading online software packages with a practicing Certified Public Accountant (CPA)

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What you’ll learn

  • Set up QuickBooks Online & Xero accounting software
  • Navigate QuickBooks Online & Xero accounting software
  • Enter normal business transaction into accounting software
  • Reconcile bank accounts using accounting software
  • Generate and analyze reports including a balance sheet, an income statement, and supporting reports
  • Export Reports to Excel

Requirements

  • None

Description

This course will compare two leading online accounting software applications, QuickBooks Online and Xero, in a step by step format.

This is a comprehensive accounting course.

We will discuss the purchasing options and the best tools to learn these accounting software packages at the lowest cost.

Learners will understand how to set up a new company file in each software package.

The course will demonstrate how to navigate each software package and how to generate, analyze, and customize common financial reports.

We will learn how to create inventory and service items and how they are used to create invoices, purchase orders, and sales receipts.

The course will show how to enter two months of data in a step by step process, comparing the two accounting software packages at every level along the way.

The course will demonstrate how to complete bank reconciliations and enter adjusting and reversing entries.

We will also learn how bank feeds work. Bank feeds are the ability to connect directly to the bank and download financial information into the accounting software.

The course will provide practice data to learn how bank feeds work. Learners will also understand how to make bank rules to automate the bookkeeping process further.

Author(s): Robert (Bob) Steele

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