QuickBooks Enterprise Customer Prepayment / Unearned Revenue

Welcome to this comprehensive course on QuickBooks Enterprise, specifically tailored to explore the new Unearned Revenue feature. This course is designed for professionals seeking to enhance their QuickBooks skills and understand the intricacies of financial management in business settings.

What You Will Learn

1. Introduction to QuickBooks Enterprise & Unearned Revenue Feature: Kickstart your journey with an overview of QuickBooks Enterprise and a deep dive into the new Unearned Revenue feature.
2. Scenario-Based Learning for Practical Understanding:
   • Normal Sales Cycle Scenario: Understand the traditional workflow in QuickBooks Enterprise through a detailed walkthrough of a standard sales cycle.
   • Customer Advanced Deposit – Old Accounts Receivable (AR) Method: Explore how advanced customer deposits were managed using the traditional AR method, highlighting the differences in accounting treatments.
   • Customer Prepayment Unearned Revenue in Subscription Businesses – Old AR Method: Delve into the scenario of handling prepayments in subscription-based businesses using the old AR method, understanding the nuances and challenges.
   • Customer Advanced Deposit – New Liability Account Method: Learn the new approach for managing customer advanced deposits using the liability account method, a more efficient and accurate way of handling such transactions.
   • Customer Prepayment Unearned Revenue in Subscription Businesses – New Liability Method: Finally, explore the cutting-edge method for handling customer prepayments and unearned revenue using the new liability account method, enhancing your financial accuracy and compliance.

Course Features

• Hands-On Practice: Engage in interactive, scenario-based exercises to apply what you learn in real-world contexts.
• Expert-Led Instruction: Learn from seasoned professionals with extensive experience in QuickBooks Enterprise and financial management.
• Flexible Learning: Access course materials at your own pace, with lifetime access to all resources.
• Community Support: Join a community of learners and professionals to discuss scenarios, share insights, and network.