Managing Your Finances Overview

This course, Managing Your Finances, covers the Banking and Accounting Modules in Connected Business.

Beginner 5(1 Ratings) 39 Students enrolled English
Created by Gary Harrison
Last updated Sun, 13-Dec-2020
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Course overview

This course teaches you how Connected Business helps you manage your finances.  The course covers everything from tracking revenue and expenses to managing bank accounts.  The majority of the course works with the Banking and Accounting modules but the Customer and Supplier modules help you control your finances as well.

The Banking Module is designed to handle bank transactions for petty cash, credit cards and bank accounts and to be able to reconcile each of these accounts effortlessly.

Easily track and reconcile all bank activity whether that be maintaining multiple banks and/or several bank accounts types. With the integrated banking system of Connected Business, all payment and bank transaction routines, even those from the other modules, are brought together into one central location. The Banking Module facilitates all banking transactions and produces concise reports and analysis, giving you the added feeling of security. Analysis for bank accounts and cash flow analysis from a Business Intelligence dashboard helps in making more informed decisions regarding finances as well as being able to plan a more effective expenditure program.

This banking portion of the course is divided into the following lessons: (1) Bank and Bank Accounts, (2) Process Bank Transactions, (3) Deposits and Fund Transfers, (4) Petty Cash Payments and Receipts and (5) Bank Reconciliation.

The Accounting Module features the most advanced accounting principles such as a multi-segmented general ledger, extensive transaction history and comprehensive budgeting. Audit trailing has been simplified even more and you have virtually unlimited financial reporting capabilities.

The Accounting portion of the course is divided into the following lessons: (6) Chart of Accounts 7) Journal Entries (8) Adjusting Entries (9) Bad Debts (10) Financial Statements (11) Period Closing.

What will i learn?

Requirements
Curriculum for this course
34 Lessons 01:29:04 Hours
Banks and Bank Accounts
8 Lessons 00:21:59 Hours
  • Look-up Banks and Bank Accounts
    00:03:09
  • Assign Default Bank Accounts for Transactions
    00:04:23
  • Process Bank Payments
    00:03:36
  • Process Bank Receipt
    00:02:27
  • Deposit Customer Payments
    00:02:34
  • Transfer Funds from One Bank Account to Another Bank Account
    00:02:10
  • Reconcile a Bank Account with a Bank Statement
    00:03:40
  • Banks And Bank Accounts Quiz
    00:00:00
Managing Petty Cash Accounts
4 Lessons 00:06:26 Hours
  • Create Petty Cash Account
    00:02:04
  • Process Petty Cash Payments
    00:02:02
  • Process Petty Cash Receipts
    00:02:20
  • Petty Cash Review Quiz
    00:00:00
Manage Chart of Accounts And Journal Entries
10 Lessons 00:19:54 Hours
  • Look-up Account Codes
    00:01:26
  • View and Manage Account Code Information
    00:02:24
  • Add Account Budget Information
    00:01:00
  • Copy Budget Allocations From Another Account
    00:01:41
  • Create A New Journal Entry
    00:02:08
  • Memorizing a Journal Entry and Re-using it
    00:03:17
  • Create Recurring Journal Entries
    00:02:28
  • View Journal Entries
    00:01:51
  • View the Audit Trail
    00:03:39
  • Chart of Accounts & Journal Entries Review Qu
    00:00:00
Adjusting Entries, Bad Dept And Retrospective Analysis
7 Lessons 00:19:39 Hours
  • Adjusting Entries for Pre-Payments
    00:02:54
  • Creating Adjusting Entries for Accruals
    00:04:17
  • Reverse Journal Entries
    00:02:26
  • Create Provision And Apply to Bad Debt
    00:03:04
  • Write Off Small Amounts
    00:03:20
  • Retrospective Report: AR Analysis, Define Date Range, And Review Report
    00:03:38
  • Adjusting Entries, Bad Debt, And Retrospective Analysis Review Quiz
    00:00:00
Financial Statements, Re-Valuation, And Close The Period
5 Lessons 00:21:06 Hours
  • Update the Financial Statement Layout
    00:03:02
  • Preview And Print A Financial Statement
    00:05:32
  • Revaluation Of Item Cost
    00:04:46
  • Re-evaluate Multi-currency Transactions
    00:03:28
  • Close the Accounting Period
    00:04:18
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About instructor

Gary Harrison

7 Reviews | 103 Students | 7 Courses
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