What you’ll learn How to get access to QuickBooks 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 Requirements None Description 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 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. 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 medicate risk on foreign currency transactions. Who this course is for: Accountants Bookkeepers Business owners Continue reading...
