ACCOUNTING AND BOOKKEEPING WITH QUICKBOOKS ONLINE

COURSE KEY OUTLINES:

• Create and Add charts of accounts
• Create Financial Statements and Organizational Reports
• Manage Customers, Suppliers, and Employees
• Manage Bills and Quick Expenses
• Manage Inventory – Products & Services
• Manage Sales Invoices and Sales Receipts
• Manage Payroll, Lists & Tools
• Add Conversion Balances
• Reconcile transactions with Bank and Credit Card Statements
• Identify the benefits of using QuickBooks Online
• Understand the steps to manage Company Settings
• Recognize the features of Online Invoices
• Identify the functionality of QuickBooks Payments
• Define common QuickBooks concepts and terms related to recording transactions
• Identify best practices when using QuickBooks Online to record revenue
• Determine appropriate sales-related settings
• Identify best practices when using QuickBooks Online to record expenditures
• Determine appropriate expense-related settings
• Identify additional transactions initiated using the Quick Create menu
• Recognize the functionality of Recurring Transactions
• Identify the steps to set up and utilize bank feeds
• Determine the steps to reconcile transactions to a bank statement using the Reconcile tool
• Identify the steps to set up QuickBooks Online Payroll
• Identify the steps to find, purchase and access apps that work with QuickBooks Online
• Determine the steps to utilize advanced features: multicurrency, preparation and reporting for forms 1099 and the Sales Tax Center
• Identify the benefits of using QuickBooks Online reports
• Identify common mistakes made in QuickBooks Online and how to fix them

COURSE REQUIREMENTS/PRE-REQUISITES

• Accounting background – BSS(ECON), BBA/MBA
• Basic knowledge of PCs, MS Windows, internet, and online proficiency
• Basic knowledge of English (reading/writing/speaking)

SOFTWARE TAUGHT

• Intuit QuickBooks