Learning Method: Instructor-led Classroom Learning Duration: two half days
*Click here to view upcoming QuickBooks Classes
Overview:
Learn basic accounting as it relates to QuickBooks, and how to do the following in QuickBooks: set up a company, work with lists, set up inventory, invoicing, processing payments, work with bank accounts, enter and pay bills, and use online banking.
Course Outline:
Lesson 1: Introduction
- Accounting Definition
- Why it is so important?
- Who needs it
- Brief History
Lesson 2: Accounting Structure
- Business Organization
- Proprietorship
- Partnerships
- Limited Partnerships
- Corporations
- Cash vs. Accrual Accounting
- Tax and Accounting Periods
Lesson 3: Rules of Classification
- The Accounting Equation
- The Chart of Accounts
- Profit and Loss – Income and Expense Accounts
- Balance Sheet – Assets, Liabilities, Equity Accounts
Lesson 4: Double Entry Accounting
- Understanding Debits and Credits
- Creating T Accounts
- The Accounting Cycle
Lesson 5: Evaluating your Business Finances
- Understanding Cash Flow
- Creating a Cash Flow Statement
- Making Projections
- Financial Status Checklist
Lesson 6: Getting Started
- Starting QuickBooks
- Introduction to QuickBooks
- Using the Navigators List
- Opening QuickBooks Pages
- Using the Menu Bar
- Using the Icon Bar
- Setting up QuickBooks on a Network
- Learning Common Business Terms
Lesson 7: Setting Up a Company
- Creating a QuickBooks Company
- Using the Chart of Accounts
- Entering Account Opening Balances
Lesson 8: Working with Lists
- Creating Company Lists
- Working with the Customer: Job List
- Working with the Employee List
- Working with the Vendor List
- Adding Customized Fields
- Managing Lists
Lesson 9: Setting Up Inventory
- Entering Products into Inventory
- Ordering Products
- Receiving and Paying Inventory
- Manually Adjusting Inventory
Lesson 10: Selling Your Product
- Creating Invoices
- Making Cash Sale
Lesson 11: Invoicing for Services
- Setting Up a Service Item
- Changing the Invoice Format
- Creating a Service Invoice
- Entering Statement Charges
- Creating Billing Statements
Lesson 12: Processing Payments
- Receiving Payments for Invoices
- Making Deposits
- Printing Statements
Lesson 13: Working with Bank Accounts
- Writing a QuickBooks Check
- Using Bank Account Registers
- Entering a Handwritten Check
- Transferring Funds Between Accounts
- Reconciling Checking Accounts
Lesson 14: Entering and Paying Bills
- Handling Expenses
- Using QuickBooks for Accounts Payable
- Entering and Paying Bills
Lesson 15: Using the EasyStep Interview
- Using the EasyStep Interview
Lesson 16: Using Online Banking
- Setting Up an Internet Connection
- Reading Online Statements
- Creating and Submitting Online Payments
- Transferring Funds Online
- Canceling Online Payments
- Sending E-mail to Your Financial Institution
Lesson 17:
- Creating Important Reports and Review of the Financial Status Checklist
