QuickBooks Online vs. QuickBooks Desktop vs. Excel
Mastering QuickBooks Online, QuickBooks Desktop, and Excel: A Comparative Study in Accounting Efficiency and Versatility
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What you will learn:
Analyze the core functionalities of QuickBooks Online, QuickBooks Desktop, and Excel for accounting tasks.Evaluate the strengths and weaknesses of each platform in handling accounting transactions.
Execute common accounting transactions in QuickBooks Online, QuickBooks Desktop, and Excel.
Conduct transactional analysis in the vendor, customer, and employee accounting cycles across all three platforms.
Create, manage, and interpret financial statements and related reports in QuickBooks Online, QuickBooks Desktop, and Excel.
Perform bank reconciliation procedures in both QuickBooks versions and mimic the process in Excel.
Apply adjusting entries at the month or year-end to align financial statement reports to their accounting basis across all three platforms.
Examine the management of different accounting bases such as accrual, cash, or tax basis in QuickBooks Online, QuickBooks Desktop, and Excel.
Compare and contrast the workflows in QuickBooks Online, QuickBooks Desktop, and Excel and decide on the best platform based on specific requirements.