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Intuit Quickbooks Online

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  • Intuit Quickbooks Online

    Accounting & Finance

  • $895.00

Course Overview

This course will give the user a comprehensive understanding of the Quickbooks Online application. It includes completing activities in the general ledger and journal, as well as maintaining supplier, customer, and inventory transactions. Additionally, learn period-end procedures and bank reconciliation, customizing files, screens, and reports to suit specific needs, setting up and managing employee payroll, and tracking time for both employees and projects to ensure accurate reporting and compliance.

Prerequisites

You should have basic knowledge of Windows including opening applications and opening files from File Explorer as well as a basic understanding of bookkeeping and accounting practices.

What You Will Learn On Day 1

  • 01
    QuickBooks Online and Accounting Basics
  • Understand Accounting Basics Including the Accounting Equation and Cycle, and the Double-entry Accounting System
  • Compare Manual and Computerized Accounting
  • Review Versions of QuickBooks Including Desktop and Online
  • Identify the Procedure Areas in QuickBooks
  • Practice Opening and Creating a Company File
  • 02
    New Company Setup
  • Create A New Company File and Establish Company Preferences
  • Set Up and Update Customer and Supplier Lists
  • Set Up and Update Products and Services List
  • Customize and Update the Chart of Accounts List Including Default Accounts
  • Enter Opening Balances for Accounts
  • Create Reports and Financial Statements
  • 03
    Suppliers and Accounts Payable
  • Access the Supplier List to Add and Edit Supplier Information
  • Use the Bill Window to Record Purchases on Account
  • Use the Bill Window to Process Credit Memos
  • Use the Pay Bills Window to Process Payments on Account
  • Use the Cheques Window to Record Cash Purchases
  • Create Supplier-Related Reports
  • 04
    Customers and Accounts Receivable
  • Access the Customer List to Add and Edit Customer Information Including Payment Terms
  • Set Up Sales Tax and Identify Associated Transactions
  • Use The Invoice Window to Record Sales on Account
  • Use The Receive Payment Window to Obtain and Manage Collections on Account
  • Use The Sales Receipt Window to Process Cash Sales
  • Use The Bank Deposit Window to Verify and Enter Deposits
  • Create Customer-Related Reports
  • 05
    Inventory and the Products and Services List
  • Access the Products and Services List to Add, Edit, and Delete Items
  • Record Purchases of Inventory in The Bill and Cheques Windows
  • Process Sales Discounts for Customers
  • Process Changes to Inventory
  • Create Inventory-Related Reports
  • 06
    Period-end Procedure and Customization of Files
  • Review and Update the Chart of Accounts
  • Perform an Analysis of the Company Situation Using the Accounting Cycle
  • Prepare a Trial Balance
  • Record Journal Adjustments in The Journal Entry Window
  • Prepare an Adjusted Trial Balance
  • Set Fiscal Year and Closing Dates
  • Create Period-End Reports and Related Financial Statements
  • Customize Lists, Fields, Invoices, and Report

What You Will Learn On Day 2

  • 01
    Banking and Reconciliations
  • Set Up Cash (Bank) Accounts
  • Transfer Funds from One Account to Another Using the Transfer Window
  • Review and Reconcile Cash Accounts Using the Reconcile Window
  • Create and Print a Reconciliation Report
  • Enter Credit Card Purchases Using the Expense Window
  • Pay Credit Card Bill/Statement/Charges Using the Pay Down Credit Card Credit Window
  • Create Banking-Related Reports
  • 02
    Setting up Payroll
  • Turn on the Payroll Feature to Set Up Payroll Processing
  • Create and Modify Payroll Accounts in the Chart of Accounts
  • Customize and Update the Payroll Preferences
  • Create and Print Payroll Related Reports
  • 03
    Managing Payroll
  • Review Payroll Setup
  • Process Payroll in the Pay Employees Window
  • Process Payroll Tax Payments in the Payroll Tax Centre
  • Create and Print Payroll Related Reports
  • 04
    Creating Projects and Tracking Time
  • Create Projects in the Customer List
  • Assign Employee Payroll to a Specific Project in the Run Payroll Window
  • Assign Services to a Specific Project in the Invoice Window
  • Set Up Time Tracking
  • Input Employee Time in the Weekly Timesheet Window
  • Use Time Tracking Data to Pay Employees and Create Invoices
  • Create Customer Statements
  • Input Employee Departure from the Company
  • Generate T4 Reports for Income Tax Purposes
  • Create and Print Project and Time Tracking Report

Included With The Course

  • Professional textbook (physical and digital)
  • Unused copy of any files referenced throughout the textbook.
  • Certificate of completion signed by the instructor.

Associated Certifications

Not applicable.

Frequently Asked Questions

We understand that you may have questions, and we’re here to help! Some of the most commonly asked questions about this course are covered below but if they don’t cover what you are looking for feel free to reach out to us through our contact page, and we’ll respond promptly to ensure you get the assistance you require. Your satisfaction is our priority, and we’re committed to making sure you have all the information necessary for a seamless experience.

This course assumes that you have a Microsoft 365 Business subscription. If you are using a home version, please be aware that there may be discrepancies between the features demonstrated in the course and those available in your version.

You can review the different subscription plans by clicking here.