Introduction
QuickBooks Accounting software is unique software created by Intuit QuickBooks specifically for accounting professionals and their needs. It enables you to complete and handle accounting activities for several organizations from a single location. In a single product, you can do invoices, payroll, handle tasks, access clients’ accounts, for example, to find and correct entry errors, and much more.
Objectives of Learning:
• Which version of QB Desktop or QBO your Client should use
• Freelancing Market places for QuickBooks
• How to create QBO proadvisor account and profile
• How to create QBO Client company and subscription
• Ledgers or Chart of Accounts
• Bill, Invoice, Accounts Payable and Accounts Receivable
• Financial reports (P/L accounts and Balance sheet)
• Explanation of all items in QuickBooks (+) icon
• Accounting, Inventory in QuickBooks
• Cost of sale/Cost of goods sold
• QBO Inventory valuation method
• Trial balance, cash flow statement, receive & payments
• Class Tracking in QuickBooks
Methodology
Hands-on practical sessions via ZOOM, Preparation of Accounts and Financial Reports by using Accounting Software “QuickBooks online”.
Contents of Training:
QBOA Account:
• QBOA account signup.
• Client and Work management.
• Proadvisor certification Training.
QBO Proadvisor Training:
- Learning materials for QBO Proadvisor certification exam.
Accounting Masters:
• Create Ledgers/Chart of accounts
• Create Product and Services
• Create Customers and Suppliers
Working with Customers:
• How to Create credit sales
• Receive money against credit sales
• Create cash Sales receipts
• Create sales order
• Create sales return
• Create money Refund against sales return
• Track sales return for future adjustments
• Create Sales reports
• Depositing money in bank
Working with Suppliers/Vendors
• How to create credit purchase
• Create payment against credit purchase
• Cash payment and cheque payment
• Create cash purchase and cash expense
• Create purchase return
• Create purchase order
Others:
• Account to account money transfer
• Journal entry
• Recurring transactions
• Bank reconciliation
• Inventory adjustments
Advance Setting:
• Company settings
• Billing and subscription
• Sales
• Expenses
• Advance
• QuickBooks Payment