Disclosure: when you buy through links on our site, we may earn an affiliate commission.

Money In Excel – Income Tax Sch. C & Personal Financials

Learn how Money in Excel can be used to create financial reports and complement traditional accounting software like QBO
4.3
4.3/5
(19 reviews)
12,517 students
Created by Robert (Bob) Steele

8.6

CourseMarks Score®

9.9

Freshness

7.6

Feedback

7.8

Content

Platform: Udemy
Price: $11.99
Video: 2h 50m
Language: English
Next start: On Demand

Top Excel courses:

Detailed Analysis

CourseMarks Score®

8.6 / 10

CourseMarks Score® helps students to find the best classes. We aggregate 18 factors, including freshness, student feedback and content diversity.

Freshness Score

9.9 / 10
This course was last updated on 3/2021.

Course content can become outdated quite quickly. After analysing 71,530 courses, we found that the highest rated courses are updated every year. If a course has not been updated for more than 2 years, you should carefully evaluate the course before enrolling.

Student Feedback

7.6 / 10
We analyzed factors such as the rating (4.3/5) and the ratio between the number of reviews and the number of students, which is a great signal of student commitment.

New courses are hard to evaluate because there are no or just a few student ratings, but Student Feedback Score helps you find great courses even with fewer reviews.

Content Score

7.8 / 10
Video Score: 8.0 / 10
The course includes 2h 50m video content. Courses with more videos usually have a higher average rating. We have found that the sweet spot is 16 hours of video, which is long enough to teach a topic comprehensively, but not overwhelming. Courses over 16 hours of video gets the maximum score.
The average video length is 4 hours 27 minutes of 767 Excel courses on Udemy.
Detail Score: 9.8 / 10

The top online course contains a detailed description of the course, what you will learn and also a detailed description about the instructor.

Extra Content Score: 5.5 / 10

Tests, exercises, articles and other resources help students to better understand and deepen their understanding of the topic.

This course contains:

0 article.
0 resource.
0 exercise.
0 test.

Table of contents

Description

Money in Excel is an Excel template provided by Microsoft that has bank connectivity similar to many accounting software applications such a QuickBooks, bank connectivity allowing for the download of financial data directly from the financial institutions.
Money in Excel can be used to construct a small business income statement which could be useful when preparing an income tax return Schedule C Profit or Loss From Business.
The Money in Excel template can also be used to complement accounting software such as QuickBooks. For example, many small businesses use accounting software like QuickBooks to record financial transactions and construct financial statements for their business. However, far fewer use financial accounting software to fulfill the same functions for their individual finances, a task that may be accomplished with Money in Excel.
Unlike financial accounting software, Money in Excel will also bring in balance sheet data directly from our financial institutions and put it in one location, balance sheet data like checking accounting balances, savings accounting balances, brokerage account balances, credit card balances, loan balances, and mortgage balances.
Accounting software like QuickBooks does not generally pull balance sheet balances directly from financial institutions because accounting software is designed to construct the ending balances using the double entry accounting system. Once the balance sheet balances have been constructed traditional accounting software will compare our book balance to the institution balance using tools such as bank reconciliations.
This course will cover how to access the Money in Excel template and connect it to financial institutions, downloading financial data.
We will work through a practice problem, imagining we are a small business wanting to construct an income statement needed for our income tax preparation at year end, income tax reported on a Schedule C Profit or Loss From Business Form. As we work the practice problem, we will compare the process to what may be done using traditional accounting software like QuickBooks.
We will then investigate construction of a personal balance sheet using Money in Excel, comparing how the process may be done using traditional accounting software.
The course will also cover other functions provided by Money in Excel including budgeting options and recurring transactions.

Requirements

• Microsoft Office would be preferable

You will learn

✓ What Money In Excel can be useful for
✓ How to setup the Money In Excel Template
✓ How to connect Money In Excel to financial institutions
✓ How to add account or categories and subcategories to data
✓ How to sort business and personal data
✓ How to create an income statement that may be useful for taxes
✓ How to create a balance sheet or statement of net position
✓ How to use the Money in Excel budgeting template

This course is for

• Business owners who report business income using a Sch. C on their income taxes
• Business owners & individuals who would like an easy snapshot of their financial data
• Accounting and Bookkeeping professionals
• Accounting and business students

How much does the Money In Excel - Income Tax Sch. C & Personal Financials course cost? Is it worth it?

The course costs $11.99. And currently there is a 87% discount on the original price of the course, which was $94.99. So you save $83 if you enroll the course now.
The average price is $14.4 of 767 Excel courses. So this course is 17% cheaper than the average Excel course on Udemy.

Does the Money In Excel - Income Tax Sch. C & Personal Financials course have a money back guarantee or refund policy?

YES, Money In Excel – Income Tax Sch. C & Personal Financials has a 30-day money back guarantee. The 30-day refund policy is designed to allow students to study without risk.

Are there any SCHOLARSHIPS for this course?

Currently we could not find a scholarship for the Money In Excel – Income Tax Sch. C & Personal Financials course, but there is a $83 discount from the original price ($94.99). So the current price is just $11.99.

Who is the instructor? Is Robert (Bob) Steele a SCAM or a TRUSTED instructor?

Robert (Bob) Steele has created 97 courses that got 16,771 reviews which are generally positive. Robert (Bob) Steele has taught 349,204 students and received a 4.4 average review out of 16,771 reviews. Depending on the information available, Robert (Bob) Steele is a TRUSTED instructor.

More info about the instructor, Robert (Bob) Steele

CPA, CGMA, M.S. Tax, CPI
Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.
  Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).
  Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.
  In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on I-tunes, Stitcher, or Soundcloud. Mr. Steele’s teaching philosophy is to make content applicable, understandable, and accessible.
  Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks.
  Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business.
  Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster.
  Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts.
  The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video.
  Mr. Steele makes learning accounting accessible by making use of technology and partnering with teaching platforms that have a vision of spreading knowledge like Udemy.

8.6

CourseMarks Score®

9.9

Freshness

7.6

Feedback

7.8

Content

Platform: Udemy
Price: $11.99
Video: 2h 50m
Language: English
Next start: On Demand

Students are also interested in

Other courses by ​Robert (Bob) Steele

Get this widget on your website (for course creators):

Money In Excel - Income Tax Sch. C & Personal Financials rating
Copy this code and paste it to your website:
<a href="https://coursemarks.com/course/money-in-excel-income-tax-sch-c-personal-financials/" target="_blank" title="Money In Excel – Income Tax Sch. C & Personal Financials on Coursemarks.com"><img border="0" src="https://coursemarks.com/widget/87.svg" width="200px" alt="Money In Excel – Income Tax Sch. C & Personal Financials rating"/></a>