Implementing Internal Controls in QuickBooks Environments FLEXCAST

Overview

The QuickBooks ecosystem of accounting tools remains the most widely-used set of accounting applications in use by small businesses. Yet, many of these organizations struggle because of inadequate internal controls. In this seminar, you will learn options for how you can improve and implement internal controls in small businesses running QuickBooks Pro, Premier, Enterprise, or Online. Through participating in this program, you will learn the importance of implementing maintaining a robust system of internal controls in a small business environment, including businesses using QuickBooks accounting solutions. You will also learn about the four common types of internal controls and how to assess the relative condition of the internal control structure of a small business. With this background in place, the focus then shifts to discovering the opportunities to enhance internal controls in QuickBooks-based environments using features found in the application. In addition, you will learn about additional internal control procedures for situations where you cannot establish adequate controls in QuickBooks. In sum, while many believe that QuickBooks-based organizations will forever face weak internal control structures, by participating in this session, you will learn how QuickBooks-based businesses can benefit from strong internal controls.

Highlights

QuickBooks. Fundamentals of Small Business Internal Control. Implementing Effective Preventive Controls with QuickBooks. Detecting Issues Using Internal Controls. The Value of Compensating controls in QuickBooks.

Prerequisites

None.

Designed For

Accountants and other business professionals who want to improve internal controls in QuickBooks and QuickBooks Online environments.

Objectives

Identify the importance of internal controls in QuickBooks environments. List four common types of internal controls and provide examples of each. Assess the relative strength or weakness of a QuickBooks-based organization’s internal control structure. Create and implement appropriate internal controls using tools and features found in various editions of QuickBooks.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.