QuickBooks Online vs. QuickBooks Desktop vs. Excel

Mastering QuickBooks Online, QuickBooks Desktop, and Excel: A Comparative Study in Accounting Efficiency and Versatility

What you'll learn

• Analyze the core functionalities of QuickBooks Online, QuickBooks Desktop, and Excel for accounting tasks.
• Evaluate the strengths and weaknesses of each platform in handling accounting transactions.
• Execute common accounting transactions in QuickBooks Online, QuickBooks Desktop, and Excel.
• Conduct transactional analysis in the vendor, customer, and employee accounting cycles across all three platforms.
• Create, manage, and interpret financial statements and related reports in QuickBooks Online, QuickBooks Desktop, and Excel.
• Perform bank reconciliation procedures in both QuickBooks versions and mimic the process in Excel.
• Apply adjusting entries at the month or year-end to align financial statement reports to their accounting basis across all three platforms.
• Examine the management of different accounting bases such as accrual, cash, or tax basis in QuickBooks Online, QuickBooks Desktop, and Excel.
• Compare and contrast the workflows in QuickBooks Online, QuickBooks Desktop, and Excel and decide on the best platform based on specific requirements.