Course Description:

Lesson 1

QuickBooks - Basic Concepts, Setup New Company & Backup File

• Define the terminology of QuickBooks accounting
• Describe the difference between the cash basis and accrual basis in QuickBooks.
• Identify all the different type of forms used in QuickBooks.
• Using List and setup a new company file and creating a backup system file.
• Quick tour or QuickBooks and the Navigation and flow chart

Lesson 2

QuickBooks - Items, List & Vendors List

• Review all the different type of list in QuickBooks and their functions, activities and reports related to each one.
• Setting up items within the chart of account regarding fixed assets, bank accounts, income and expense and subaccounts.
• Review the navigations and the vendor list
• Creating new vendor, bills, bill payments, credits, cheques and A/P reports.

Lesson 3

QuickBooks – Customers List, GST Items & Filing GST

• Review all related functions to the Customer/Jobs List
• Create New Customer & Job, Review all Transactions
• Estimates, Invoice, Sales Receipts, Credit Memos / Refunds, Receive payments and Statement Charges
• Recording Deposit, partial deposit, Undeposited Funds and Deposit Slips in QuickBooks
• Review transactions in A/R reports
• Review the GST Items, Setup and process for tracking and filing GST in QuickBooks
• Managing Sales Tax in QuickBooks and understanding the register and the audit report
• Creating the Tax Agency Report & Tax Agency Detail Reports

Lesson 4

QuickBooks – Bank Reconciliations & Financial Statements

• Review all the deposit created over the last few lessons
• Review the Undeposited funds
• Review the process of creating a bank reconciliation in QuickBooks
• Pros & Cons of creating bank reconciliation in QuickBooks.
• To do’s and what not to do in QuickBooks
• Review Report Centre, Income Statement, Balance Sheet and other reports
• Creating Backup, Restore, Portable files and Online backups

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