Course Description
Description
Quickbooks Online Accounts course is about how to use Quickbooks Online based on the most popular functions which you as a Quickbooks Online operator needs to know how to use, in order to be proficient in using the online software.
The learning is structured in a practical way. You are given a practical scenario assignment. There are various tasks to complete. You are given the task to do and have a go at, and then the video answer is available. It is suggested that you:
- Read the task
- Watch the video
- Have a go at it yourself on your own system
- Rewatch the video (if necessary) – to reinforce the learning
You’ll learn how to set up a QuickBooks system from scratch, how to enter opening balances, post customer invoices and credit notes, post supplier bills and credit notes, pay suppliers, petty cash, prepare a VAT return, reconcile the bank, post journals, run reports amongst over things.
This is a useful course if:
- You are thinking of working with the online software,
- You are going for jobs which have a requirement for you to be able to use this software
- You want to put this skill on your CV, or
- You are a bookkeeper or accountant and will be using this for clients or even
- You run your own business and want to know how to use Quickbooks for yourself.
You will need to have access to a Quickbooks Online. The instructor is usually online to answer student queries for 2 hours each day.
The course materials include:
- the handout of the assignment task
- access to the QuickBooks Online software for FREE for 21 days
- A 384 page manual on QuickBooks online
Successful completion of the course is the equivalent to being at the level of having a level 2 certificate in computerised accounts. The next step would then be to take our QuickBooks Online Level 3. Note – there is no level 1.
The course will take about 3-4 hours to complete.
What Will I Learn?
- By the end of this course, you will be able to complete various common functions using Quickbooks Online. In this course you will learn how to:
- Enter the opening balances
- Amend the nominal ledger
- Add new customer and supplier details
- Post customer invoices and credit notes to the sales ledger
- Post supplier invoices and credit notes to the purchase ledger
- Enter the supplier cheques and record the customer receipts
- Post-Petty Cash transactions
- Prepare the VAT return
- Reconcile the bank
- Post the wages journal
- Post adjustments to the accounts and produce month-end reports
Requirements
- You will need access to Quickbooks Online (a free link will be provided in the course) – the software will be available (free) for 21 days
Who is the target audience?
- Students who are going for jobs where the requirement is working knowledge of Quickbooks Online
- Those who have studied accounting, but want practical knowledge of how to use a popular accounting software which will help them find employment
- Previous knowledge of accounting is not presumed or required
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The structure of the course – first things first! 00:05:00 -
Set up free trial 00:03:00
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Starting A New Company File 00:11:00
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set up nominal accounts 00:11:00
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Enter opening balances 00:02:00
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Reverse opening balances – accruals and prepayments 00:05:00
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report journal 00:05:00
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amend the nominal ledger 00:07:00
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Report listing the nominal ledgers 00:02:00
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Enter customers 00:09:00
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Report on customer contact information 00:01:00
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enter suppliers 00:05:00
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supplier contact list 00:02:00
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Enter invoices 00:09:00
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Invoice entering 00:03:00
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Invoice batch 00:06:00
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Post Sales Credit Notes 00:08:00
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Report showing Customer Activity 00:03:00
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Aged Debtors 00:02:00
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Post Supplier Invoices 00:03:00
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Entering a batch of supplier bills 00:09:00
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Credit Notes Suppliers 00:05:00
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Reclassify supplier bills – flash bulbs purchased 00:04:00
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Supplier Account Activity Report 00:04:00
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Post Cheques 00:07:00
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Report showing supplier payments 00:01:00
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Receipts from customers 00:07:00
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Report showing customer receipts 00:02:00
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Post Petty Cash Transactions and Report 00:04:00
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Post cash payments to ledgers 00:02:00
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Enter petty cash items 00:14:00
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Report on Petty Cash Payments Proper 00:05:00
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Post Sundry Payments 00:05:00
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Report Bank Payments 00:03:00
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VAT Return 00:03:00
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Reconcile The Bank 00:10:00
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Provide A Report Showing Any Unreconciled Transaction 00:02:00
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Post the Wages Journal 00:08:00
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Posting Journal Adjustments 00:02:00
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Month end adjustments 00:03:00
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Month end reports 00:06:00
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Task- Crearing the accounts 00:06:00
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Task – Customer report 00:01:00
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Course Paper
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Further Reading – QuickBooks Online 2014 The Handbook
Course Reviews
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This course includes:
Quick books Level 2
This is a really good course. The first time I see QuickBooks. Easy to understand.
The trainer went at a steady pace – Excellent!