This course focuses on the use of Intuit’s cloud accounting software program, QuickBooks Online (QBO). Students will learn how to navigate the QBO interface covering basic accounting, how to set up a new company, how to customize the chart of accounts and products and services list and how to manage your payroll expenses, tax remittances and other business expenses.
Course Objectives:
Upon successful completion of this course, you will learn how to:
- Sign up for QuickBooks Online
- Set up a company file
- Link bank and credit card accounts
- Import lists
- Create & customize invoices
- Enable and receive payments
- Set up sales tax
- Enable QuickBooks Payroll
- Add employees & Manage users.
Course Content:
Lesson 1: New Company Setup
In this chapter you’ll learn how to set up a new company in QuickBooks Online
Lesson 2: Getting Around QuickBooks Online
Next you will learn how to:
- Log into QuickBooks Online
- Understand the information displayed on the Dashboard
- How to find what you’re looking for
- How to create new transactions
- What buttons and fields do on transactions
Lesson 3: Customers and Sales – Part 1
In this chapter you’ll learn:
- How to set up a customer on the customers list
- How to set up products and services
- Sales workflows, and when to use each
- Basic customer reporting
Lesson 4: Suppliers and Expenses – Part 1
Students will learn the steps necessary to set up suppliers, how to enter bills and expenses from vendors as well as stay on top of the accounts payable balances.
Lesson 5: Company Activities – Part 1.
Here, you’ll get to know about how QuickBooks is built using lists and transactions. You’ll learn more about the importance of lists and how to manage them to keep your business information organized.
Lesson 6: Banking in QuickBooks Online
You will connect your accounts and download transactions, often called as “bank feed”. You’ll learn how to:
- Connect your bank and credit card accounts to QuickBooks
- Categorize transactions in the bank feed
- Reconcile accounts
- Transfer funds
Lesson 7: Customers and Sales – Part 2
Here, students will learn how QuickBooks handles advanced features and transactions in the area of sales and customers. In addition to basic sales invoices, sales receipts there are advanced transactions to help you manage sales in QuickBooks.
Lesson 8: Supplies and Expenses – Part 2
Next students get to understand how QuickBooks handles additional expense related transactions. You’ll learn how to:
- Enter Credit Card transactions
- Credit card payments
- Supplier credits
- Voiding and Deleting supplier transactions
- Recurring transactions
Lesson 9: Payroll
Learn how to run payroll, create pay cheques, handle labor-related taxes, track time, and more. You’ll understand how to:
- Setting up pay items
- Setting up employees
- Creating Pay cheques
- Track and pay liabilities
- Create T4’s
- Create Records of Employment
Lesson 10: Inventory
In this chapter, you’ll learn how QuickBooks handles inventory and how to use it to track the items you keep in inventory and sell to your customers. You’ll learn how to:
- Enable and setup inventory
- Order and receive inventory using Purchase orders
- Sell inventory
- Adjust inventory
- Create Inventory Reports
Lesson 11: Reports in QuickBooks
QuickBooks helps you find information in your business. Here, you will learn how to:
- Create basic reports
- Customize reports using filters
- Customize report views including columns
- Save customized reports
- Export reports to .pdf or Excel formats
Lesson 12: Company Activities – Part 2
In the final chapter, you’ll learn how QuickBooks handles the year-end and what tasks you’ll need perform. You’ll learn how to:
- Customize form templates
- Setting for communicating with customers
- Setup and use class tracking
- Setup budgets
- File annual sales tax return
- Enter year-end journal entries
