How to Use QuickBooks Online
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Bud Khurelbaatar
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Get hands-on experience in QuickBooks, focusing on essential accounting practices, financial management, and real-world applications to enhance your practical skills and career readiness.
QuickBooks Online is a cloud-based accounting software that helps businesses manage their finances by tracking income and expenses, invoicing customers, paying bills, and generating financial reports. It's crucial for modern accountants to understand QuickBooks Online because it streamlines financial management, offers real-time data access, and enhances bookkeeping accuracy and efficiency. Approximately 80% of small businesses use QuickBooks, making it the most popular accounting software in the U.S., with over 26.5 million businesses utilizing it.
In my QuickBooks Online project, you will develop essential accounting skills through hands-on experience with the software, learning to navigate its features and manage accounts effectively. You will gain proficiency in generating and interpreting financial reports, including profit and loss statements and balance sheets. Additionally, you will build strong bookkeeping skills by understanding and performing fundamental tasks such as accounts payable (AP), accounts receivable (AR), and bank reconciliations. By applying core accounting principles to real-world scenarios, you will enhance your practical knowledge and prepare for successful careers in the accounting industry.
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My name is Bud Khurelbaatar, and I am originally from Mongolia. My academic journey in finance began at San Francisco State University, where I obtained a Bachelor of Science in Accounting. Initially, I was interested in pursuing law, but on my dad’s recommendation, I shifted my focus to accounting. He pointed out that it better suited my love for detail, my need for order, and my comfort with numbers. In hindsight, choosing accounting was a decision I am grateful for; it has been the right path for me.
Outside of my professional responsibilities, I take immense pleasure in exploring the great outdoors. Riding my road bike along challenging trails, hiking through peaceful landscapes, and camping under the open sky are excellent ways for me to relax and recharge.
Professionally, I am currently employed as an accountant at a healthcare provider company, where my daily responsibilities include meticulous financial analysis, managing accounts payable (AP) and receivable (AR), conducting bank reconciliations, preparing income statements and balance sheets, and handling payroll. This role presents both challenges and satisfaction, allowing me to apply my skills in practical scenarios that contribute to the company's success and stability.
