Course Outline:

Module 1: Introduction to QuickBooks and Initial Setup

• Overview of QuickBooks for profit-making organizations
• Setting up your company in QuickBooks: Chart of accounts, preferences, and accounts
• Customizing QuickBooks for your business needs
• Practical Exercise: Setting up QuickBooks for a sample business

Module 2: Managing Sales, Receivables, and Invoicing

• Creating and managing sales orders, invoices, and receipts
• Recording customer payments and managing accounts receivable
• Tracking and following up on overdue invoices
• Case Study: Managing sales and receivables for a sample organization

Module 3: Tracking Expenses, Payables, and Bills

• Recording business expenses and managing accounts payable
• Handling bills, payments, and vendor management
• Reconciling accounts and preparing payments for suppliers
• Practical Exercise: Managing payables and expenses for a sample business

Module 4: Inventory Management and Cost of Goods Sold

• Tracking inventory, creating purchase orders, and managing stock levels
• Understanding and managing the cost of goods sold (COGS)
• Integrating inventory management with sales and expense tracking
• Case Study: Setting up inventory and tracking COGS for a sample business

Module 5: Payroll, Taxes, and Financial Reporting

• Setting up and processing payroll using QuickBooks
• Calculating and reporting payroll taxes, deductions, and benefits
• Generating key financial reports: Profit and Loss, Balance Sheet, and Cash Flow
• Final Project: Generating comprehensive financial statements and reports for a sample organization