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Duration: 2 Hours 55 Minutes
75 Course Videos
QuickBooks Online 2020

QuickBooks is an accounting software package developed and marketed by Intuit. QuickBooks products are geared mainly toward small to medium-sized businesses and offer on-premises accounting applications, as well as cloud-based versions that accept business payments, manage, and pay bills and perform payroll functions.

What will you learn?

This course will provide you with the skills and knowledge required to provide a professional level of support to business clients and help them succeed. As you progress through the course, you will develop a working understanding of the complete end-to-end accounting life cycle and be able to support clients with the key required tasks within QuickBooks Online Accountant.

After taking this course, you will be able to confidently provide support to various types of clients and enable them to properly implement QuickBooks Online. This includes everything from the setup and maintenance of client accounts to managing lists and reports. You will also be exposed to basic accounting principles, relevant financial documents, and common errors users typically make.

Learning Objectives Include:

  • Determine client needs and recommend the appropriate subscription level
  • Describe how to set up a new client and ensure correct settings are applied based on client needs
  • Recall how to use QuickBooks Online Accountant and QuickBooks Online to support a typical SMB client and ensure that all their data is entered correctly
  • Describe how to reconcile accounts and make adjusting entries where appropriate
  • Describe how to ensure the books are balanced
  • State how to close the books in preparation for year or period end
  • Recall how to run basic reports
  • Apply the working knowledge gained from using the accountant tools
  • Describe the benefits of the QuickBooks Online mobile app
  • Explain best practice workflows to clients

Where is QuickBooks Used?

QuickBooks accounting software was named the editor’s choice for the best accounting software by PC Magazine.  Due to its increasing popularity, many businesses choose QuickBooks for their accounting needs, which creates a need for competent users. There is a rising market for professional QuickBooks bookkeepers. Job seekers can find career opportunities and lucrative salaries in many different areas including accounting, bookkeepers, and CPAs. Entrepreneurial opportunities are also abundant.

In small businesses, bookkeepers are responsible for the daily financial transactions of the company. They record the daily receipts into financial software, like QuickBooks, and manage the banking transactions, accounts payable, and accounts receivable. In larger companies, these roles may fall on multiple clerks or accountants, but smaller companies may employ a full-time bookkeeper to handle all these functions.

Course Videos

This course contains the following modules and videos. Click the down arrow to view video details.

  • Course Introduction
  • Knowing Which Account is Right for You
  • Getting Started
  • User Setup
  • Access Rights
  • User Setup Completion
  • Adding Employees to Payroll
  • Inviting Your Accountant
  • Dashboard and 3 Ways to Navigate QBO
  • Commonly Used Forms
  • Module 1 Summary
  • Defining Lists
  • Importing Lists
  • Employees vs 1099
  • Adding and Removing Entries
  • Updating Entries
  • Editing and Managing List Elements Demo
  • Merging Items (entries)
  • Form Requirements
  • Module 2 Summary
  • Product and Service Setup
  • Customer Setup Demo
  • Invoicing Workflows
  • Recording Sales
  • Customer Statements
  • Tracking Audit History Demo
  • Sales Receipt Workflow
  • Undeposited Funds Account
  • Accounts Receivable Impact
  • Impact of Connecting Your Bank Account to QBO
  • Billable Expense Invoicing
  • Recording a Customer Credit
  • Delayed Charges
  • Estimates
  • Module 3 Summary
  • Product and Service Setup on Purchase Forms
  • Vendor Setup
  • Purchase Order Transactions
  • Entering and Paying Bills
  • Recording Checks
  • Recording Credit and Debit Card Transactions
  • Recording EFTs, Online Payments, and Wire Transfers
  • Recording Vendor Credits
  • Voiding vs Deleting Checks
  • Vendor Page and Report Insights
  • Module 4 Summary
  • Basic financial statements (Balance sheet, income statement, and statement of cash flows)
  • Financial Statements Expanded
  • Cash and Accrual Accounting Differences
  • Difference Between Cash and Accrual Reporting
  • Setting a Closing Date
  • Balancing Your Books aka Reconciling Demo
  • Journal Entries
  • Audit Log Insights
  • Project Profitability Demo
  • Module 5 Summary
  • Customized Reports
  • Commonly Used Reports Demo
  • Setup Automatic Report Emails
  • Collapse and Expand Report Function
  • Exporting and Importing Reports
  • Module 6 Summary
  • Tracking Income and Expenses for Multiple Locations
  • Organizing your Chart of Accounts
  • Custom Fields on Invoices
  • Recurring Transactions
  • Customizing a Sales Form
  • Keyboard Shortcuts
  • QBO Mobile App Preview
  • Connecting Third-Party Apps to QBO
  • Module 7 Summary
  • Common Mistakes QBO Users Make
  • Final Note on Bookkeeping Best Practices
  • Why QBO is Awesome
  • Course Outro
  • Defining Terms and Sample Quiz Questions
Our Learning System Includes
Instructor Led Lectures
All of our IT Courses recreate a real time class experience with a highly qualified and experienced instructor delivering the course’s theories and concepts on screen. All of our lectures are pre-recorded and available to the user 24/7. They can easily be paused, repeated, rewound and fast-forwarded.
Visual Presentations
We understand that all students are different when it comes to learning, therefore different types of delivery mediums are needed in order to achieve success for students. Taking that into account, we deliver our content in a variety of different ways to ensure that students stay engaged and productive throughout their courses.
Mobile Optimisation & Progress Tracking
Our courses are optimised for all mobile devices allowing users to learn on the go whenever they have spare time and wish to do so. Users can access their courses from anywhere and their progress is completely tracked and recorded delivering peace of mind to each and every user.
Practice Quizzes and Exams
Our custom practice exams prepare students for their exams differently and more effectively than the traditional exam preps on the market. Students will have practice quizzes after each module to ensure that they are confident on the topic they are learning.
World Class Learning Management System
We provide the next generation Learning Management System (LMS) to all of our students. This is an experience that combines the feature set of traditional LMS with advanced functionality designed to make learning management easy and online learning engaging from the student’s perspective.
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