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QuickBooks Desktop Multiple Currencies | Free Udemy Course
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QuickBooks Desktop Multiple Currencies | Free Udemy Course

Free $84.99100% off
Price expires 5 days ago or 916 uses

Learn to record transactions using multiple currencies from a certified public accountant (CPA) | Free Udemy Course

3.35
(19 ratings)
17506 students
Created by:
Robert (Bob) Steele
Last updated 11/2020Course Language EnglishCourse Caption English [Auto]Course Length 08:40:48 to be exact 31248 seconds!Number of Lectures 46
This course includes:
  • 8.5 hours hours of on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of completion
  • 57 additional resources

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. Who this course is for:AccountantsBookkeepersBusiness owners

Course Content:

Sections are minimized for better readability, click the section title to view the course content

5 Lectures | 56:23
5 Lectures | 58:35
6 Lectures | 01:02:21
5 Lectures | 01:00:11
7 Lectures | 01:18:23
8 Lectures | 01:22:33
10 Lectures | 02:02:22
3.35
(19 course ratings)
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1/19
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