QuickBooks Online Advanced

Course Description:

  The QuickBooks Online Advanced course is designed to teach students about to the advanced features and functionality of Quickbooks cloud-based software application, and help them learn more about inventory, purchase orders, the accounting cycle, and payroll. In addition, students will review customizing, fine-tuning, and other extended capabilities of QuickBooks Online.

Quickbooks is small business accounting software program that helps users track income and expenses, generate business financial reports, invoice customers, pay bills and plan for taxes.

Topics covered in the course include:

• Tracking Inventory
• Purchase Orders
• Credits, Returns, Taxes and Refunds
• Working with Balance Sheet Accounts and Budgets
• Customizing, Fine-Tuning, and Extending Capabilities
• The Accounting Cycle
• Using Payroll

Target Student: This course is ideal for students who have familiarity with QuickBooks and have taken the QuickBooks Online Introduction course or have equivalent experience.

Section 1: Tracking Inventory
Enable Tracking
Enter Inventory
Non-Inventory Products
Inventory Adjustments

Section 2: Purchase Orders
Purchase Order Reports
Receive Inventory Against a Purchase Order
Purchase Orders for Non-Inventory Products
Add an Expense to a Purchase Order Payment
Purchasing a Product without a Purchase Order

Section 3: Credits, Returns, Taxes and Refunds
Vendor Credits/Returns
Sales Tax
Inventory and Non-Inventory Products
Customer Returns and Credits
Customer Refunds
Reports

Section 4: Working with Balance Sheet Accounts and Budgets
Recording Other Current Assets
Journal Entries and Recurring Transactions
Fixed Assets and Long-Term Liabilities
Transferring Funds Between Accounts
Petty Cash 166
Handling Uncollectible Receivables/Bad Debts
Create and Review Budgets

Section 5: Customizing, Fine-Tuning, and Extending Capabilities
Customize Reports
Send Reports
Add a Custom Field to Sales Forms
Protect Confidential Information
Enable Privacy Mode on the Dashboard
Set User Permissions
Keyboard Shortcuts
Extend Capabilities with Apps
The QuickBooks Community
Submit User Feedback
QuickBooks Labs

Section 6: Staying on Track: The Accounting Cycle,
Classes, and Locations
Generally Accepted Accounting Principles and the Accounting Cycle
GAAP
Accounting Cycle Steps
Class Tracking
Location Tracking
Delayed Charges and Credits

Section 7: Completing the Accounting Cycle, Closing the Books, and Reviewing Changes
Complete the Accounting Cycle
Create the Trial Balance Report and Making Adjustments
Adjust Journal Entries
Compare Inventory Quantities and Making Adjustments
Create Financial Statements
Closing the Books
The Audit Log and Audit History
Audit Log
Audit History

Section 8: Using Payroll in QuickBooks Online
Introducing Payroll
Payroll Setup
The Workers/Employees Center
Run Payroll
Payroll Taxes
Payroll Tax Forms
Payroll Reports

We offer live-instructor group training classes for your team.

Upskill your team from the comfort of your office or online.

Benefits of Group Training Include:

• Experienced Professional Instructor Trains Your Team
• Content Focused On Your Team's Needs
• Convenient Scheduling and Class Setup
• Significant Per/Student Cost Savings
• Online, On-Site and Blended Options Available

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