Course Outline

Principles of Accounting

• Accounting Purpose
• Reviewing Common Financial Statements
• Accounting Principles

Double-Entry Bookkeeping

• Fiddle-Faddle Accounting Method
• Double-Entry Bookkeeping Working

Accounting Problems

• Working with Accounts Receivable
• Record Account Payable Transactions
• Inventory Accounting
• Accounting for Fixed Assets
• Recognise Liabilities
• Closing Revenue and Expense Accounts

Setting Up QuickBooks

• Plan New QuickBooks System
• Install QuickBooks
• Running QuickBooks Setup Wizard
• Identify Starting Trial Balance

Loading Master File Lists

• Setting Up the Chart of Accounts List and Item List
• Working with Price Level List
• Using Sales Tax Codes
• Setting Up Lists – Customer, Vendor, Fixed Asset, etc.

Working with Settings

• Access Preferences Settings
• Setting Accounting Preferences
• Setting Bills, Calendar, and Checking Preferences
• Control-Integrated Applications, Inventory, and Estimated Work
• Integrated Payment Processing
• Setting Search and Send Forms Preferences

Invoicing Customers

• Choose and Customise an Invoice Form
• Invoicing a Customer
• Billing for Time
• Printing and Emailing Invoices
• Record Sales Receipts and Credit Memos
• Assessing Finance Charges

Paying Vendors

• Create Purchase Order
• Paying Bills
• Reviewing Other Vendor Menu Commands

Track Inventory and Items

• Using the Item Code Column, List Window, and Inventory Reports
• Add Items to the Item List
• Editing Items
• Manage Inventory in a Manufacturing Firm

Managing Cash and Bank Accounts

• Writing Checks
• Recording Register Transactions
• Review Other Banking Commands

Paying Employees                                                                                   

• Setting Basic Payroll
• Scheduling Payroll Runs
• Paying Employees
• Edit and Void Paychecks
• Paying Payroll Liabilities

QuickBooks Journal Entries

• Working with Journal Entries
• Working with Memorised Transactions
• Review Accountant and Taxes Reports

Preparing Financial Statements and Reports

• Producing Report
• Working with Report Window
• Modifying a Report
• Processing Multiple Reports

Preparing a Budget

• Budgeting Types
• Using Set Up Budgets Window
• Managing with a Budget

Working with Activity-Based Costing

• Review Traditional Overhead Allocation
• Working of ABC
• Implement an ABC System
• How QuickBooks Supports ABC?
• Turning on Class Tracking
• Use Classes for ABC

Setting Up Project and Job Costing Systems

• Setting Up QuickBooks Job
• Tracking Job or Project Costs
• Job Cost Reporting
• Job Estimates

Administering QuickBooks

• Keep Data Confidential
• Use QuickBooks in a Multiuser Environment
• Audit Trails
• Enable Multiuser Access

Protecting Data

• Backing QuickBooks Data File
• Restore QuickBooks Data File
• Condensing QuickBooks Company Files