Financial Accounting & QuickBooks

How to learn both: • How to enter data into financial accounting software and • How financial accounting works The best way to learn the two objectives above is not as apparent as it may seem at first glance. One problem is that financial accountings software is designed to be able to separate duties and use forms to simplify the data input process, rather than entering the actual journal entries, the debits and credits. Once we know the financial accounting concepts, like the use of debits and credits, accounting software is a great tool to help us practice those concepts. The best way to learn financial accounting concepts, like debits and credits, is to work comprehensive problems in Excel. Let’s do both. Let’s work a comprehensive problem using debits and credits in Excel and work the same problem using accounting software (QuickBooks), and compare and contrast the two as we go. It will be great.


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