In this Workshop Wednesday session, hosted by Dan DeLong and Rachel Dauchy, attendees are guided through the usage of Spreadsheet Sync, a powerful tool integrated within QuickBooks Online Advanced. The session aims to streamline bulk editing processes, particularly for list elements and transactions within QuickBooks Online, focusing on a practical use case for inventory management.

1. Introduction: Dan introduces the session, emphasizing the benefits of using the Spreadsheet Sync module to consolidate resources for QuickBooks Online users.

2. Inventory Management: The presenters discuss a frequent inventory issue where users want to convert inventory items to non-inventory items. Detailed steps and potential challenges of this process are highlighted, noting QuickBooks' limitations on reversing inventory classification.

3. Technical Demonstration: A hands-on demonstration shows how to establish the connection to Excel and how Spreadsheet Sync can amend inventory items by adding suffixes to item names to prevent workflow disruptions.

4. Error Handling and Enhancements: The speakers address common errors encountered during sync operations and discuss the importance of zeroing out inventory before making specific changes.

Rachel and Dan will be joined by Ash Beetson from nettTracker to demonstrate how to manage Fixed Assets and more with this powerful and robust Accounting tool!

Workshop Wednesdays are a free live discussion about topics affecting Accountants, Bookkeepers, and Business Owners. Register for the Live sessions at: https://www.schoolofbookkeeping.com/workshop-wednesday

Use Promo Code SCHOOL2024 to get access to nettTracker for a full 90 days at https://www.nett-tracker.com

BOGO - Buy QBO Advanced and get Schoolofbookkeeping included!! Learn more here https://www.schoolofbookkeeping.com/bundle

Brought to you by http://www.schoolofbookkeeping.com - Keep Learning

Rachel and Dan will discuss Handling and Depreciating Fixed Assets in QBO Advanced.

Workshop Wednesdays are a free live discussion about topics affecting Accountants, Bookkeepers, and Business Owners. Register for the Live sessions at: https://www.schoolofbookkeeping.com/workshop-wednesday

BOGO - Buy QBO Advanced and get Schoolofbookkeeping Elite included!! Learn more here https://www.schoolofbookkeeping.com/bundle

Take advantage of 30% off the QBO MSRP when you sign up through us today! https://quickbooks.intuit.com/partners/irp/qbopayroll/?cid=irp-101114

Brought to you by http://www.schoolofbookkeeping.com - Keep Learning

00:00 Introduction and Casual Conversation

00:53 Defining Fixed Assets

02:46 Fixed Assets vs. Expenses

04:01 Depreciation and Capitalization Threshold

09:00 Accounting Methods and Depreciation

12:48 QuickBooks Online Advanced Features

14:37 Setting Up Fixed Assets in QuickBooks

17:50 Depreciation Methods and Schedules

21:52 Adding and Managing Assets in QuickBooks

35:41 Conclusion and Upcoming Topics