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
Course Curriculum
Getting prepared - access the software and course materials | |||
The structure of the course – first things first! | FREE | 00:05:00 | |
Set up free trial | FREE | 00:03:00 | |
Getting started | |||
Starting A New Company File | 00:11:00 | ||
Setting up the system | |||
set up nominal accounts | 00:11:00 | ||
Enter opening balances | 00:02:00 | ||
Reverse opening balances – accruals and prepayments | 00:05:00 | ||
report journal | 00:05:00 | ||
Nominal ledger | |||
amend the nominal ledger | 00:07:00 | ||
Report listing the nominal ledgers | 00:02:00 | ||
Customers | |||
Enter customers | 00:09:00 | ||
Report on customer contact information | 00:01:00 | ||
Suppliers | |||
enter suppliers | 00:05:00 | ||
supplier contact list | 00:02:00 | ||
Sales ledger | |||
Enter invoices | 00:09:00 | ||
Invoice entering | 00:03:00 | ||
Invoice batch | 00:06:00 | ||
Post Sales Credit Notes | 00:08:00 | ||
Report showing Customer Activity | 00:03:00 | ||
Aged Debtors | 00:02:00 | ||
Purchases ledger | |||
Post Supplier Invoices | 00:03:00 | ||
Entering a batch of supplier bills | 00:09:00 | ||
Credit Notes Suppliers | 00:05:00 | ||
Reclassify supplier bills – flash bulbs purchased | 00:04:00 | ||
Supplier Account Activity Report | 00:04:00 | ||
Sundry payments | |||
Post Cheques | 00:07:00 | ||
Report showing supplier payments | 00:01:00 | ||
Sundry receipts | |||
Receipts from customers | 00:07:00 | ||
Report showing customer receipts | 00:02:00 | ||
Petty cash | |||
Post Petty Cash Transactions and Report | 00:04:00 | ||
Post cash payments to ledgers | 00:02:00 | ||
Enter petty cash items | 00:14:00 | ||
Report on Petty Cash Payments Proper | 00:05:00 | ||
Post Sundry Payments | 00:05:00 | ||
Report Bank Payments | 00:03:00 | ||
VAT - Value Added Tax | |||
VAT Return | 00:03:00 | ||
Bank reconciliation | |||
Reconcile The Bank | 00:10:00 | ||
Provide A Report Showing Any Unreconciled Transaction | 00:02:00 | ||
Payroll / Wages | |||
Post the Wages Journal | 00:08:00 | ||
Posting Journal Adjustments | 00:02:00 | ||
Reports | |||
Month end adjustments | 00:03:00 | ||
Month end reports | 00:06:00 | ||
Tasks | |||
Task- Crearing the accounts | 00:06:00 | ||
Task – Customer report | 00:01:00 | ||
Additional Resources | |||
Course Paper | 00:00:00 | ||
Further Reading – QuickBooks Online 2014 The Handbook | 00:00:00 |