Training / Classes

Level ONE Training

Helping You Maximize The Power Of QuickBooks

QuickBooks Online + Accounting Fundamentals 

2 Modules
17 Lessons of 1.5 hours (25.5 Hours)

Need a little, or a lot of help, with QuickBooks and Accounting? This hands-on training covers both the Fundamentals of Accounts and Essentials of QuickBooks Online.

  • 27 hours of training delivered over 7 full days or 14 half days.
  • Includes training manuals and supporting documents.

This seminar is perfect for both new and experienced QuickBooks users. 

Available Start Dates:

  • August 1 & 15, 2019
  • September 2 & 16 & 30, 2019
  • October 1 & 15 & 29, 2019
  • November 4 & 18, 2019
  • December 2 & 16, 2019

Certificate Of Completion

  • Online Accounting Certificate
  • Accounting Fundamentals Certificate

Instructor Info

  • Cass Williamson, CPA, Quickbooks Online Pro Advisor
  • Lloyd Spencer, QuickBooks ProAdvisor, QuickBooks Certified Trainer, Intuit Canada

Rate

  • $5,000

Module 1:
QuickBooks Online

9 Lessons of 1.5 hours (13.5 Hours)

Lessons:

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Getting Started with QuickBooks Online

  • What edition of QuickBooks Online is right for you?
  • Setting up your company
  • Moving around and finding what you need…fast
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Accounting and Financial Statements

  • Cash vs. Accrual accounting
  • Set up the chart of accounts and subaccounts
  • Change and fix the chart of accounts
  • Use general journal entries
  • “Collapse” financial statements
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Sales Transactions

  • 4 ways of recording sales and choosing the one that’s right for you
  • Estimates/proposals
  • The invoicing cycle
  • Cash/sales receipts
  • Receiving payments and making deposits
  • Customer statements
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Advanced Transactions

  • Inventory: Set up inventory in QuickBooks Online
  • Purchase orders, receive items, adjust inventory
  • Track sales taxes
  • Set up sales taxes
  • Adjust, pay, and report sales taxes
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Expense Transactions

  • When you should and should not track accounts payable (enter and pay bills)
  • Checks (printed and hand-written)
  • Debit card and credit card charges, and ATM withdrawals and EFTs
  • Vendor credits and expense list, and other expense reports
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Special Transactions

  • Online Banking: Learn when and how to “add”, “match” and “exclude”
  • Bank reconciliation and how to find reconciliation errors
  • Handle customer down payments/deposits
  • Void vs. delete a check and how to handle bounced checks (NSF)
  • Write off bad debt (including small underpayments)
  • Track petty cash
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Work with Reports

  • Customize Reports:
  • Columns: add, reorder, delete, and resize
  • Filter and format
  • Create new headers and footers
  • Save customizations
  • Create report groups
  • Automatically email report groups on a set schedule
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Accounting Tasks

  • Add your accountant
  • Protect your accounting data
  • Set up users with different permissions
  • Assign access rights and track changes 
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Save Time

  • Find transactions…FAST
  • Navigate around the fast and easy way
  • Keyboard shortcuts
  • Set up recurring transactions
  • Create your OWN shortcuts

Module 2:
Accounting Fundamentals

8 Lessons of 1.5 hours (12 Hours)

Lessons:

Accounting Basics

  • Definition of Accounting from a small business perspective
  • Explanation of why you need accounting
  • Financial statements…what are they?
  • Debits and credits…the essence of accounting

Accounting Principles

  • Intro to accounting principles…the foundation of accounting
  • Reporting principle
  • Applying the principles
  • Use basic accounting terms correctly

Accounting Basics in QuickBooks

  • The balance sheet, along with profit and loss statement
  • Working with account types
  • Chart of accounts & sub-accounts
  • Management of reporting vs. financial reporting
  • Techniques to review account details

Reviewing Numbers for Accuracy

  • Basic review techniques
  • Reconciling accounts to external documentation
  • Verifying numbers on key reports
  • Checking balances for accounts receivable, accounts payable, and inventory

Analyzing and Interpreting Data

  • Basic financial interpretations
  • Analyzing business trends
  • Interpreting variable expenses
  • Understanding and using key financial ratios

The Accounting Cycle

  • What is the accounting cycle and why is it important?
  • Daily accounting tasks and weekly accounting tasks
  • Pay period accounting tasks
  • Monthly, quarterly, and annual accounting tasks
  • Closing the books

Working with Your Accountant

  • Speaking the same language as your accountant
  • Methods for getting information to your accountant

More Accounting

  • Budgeting and planning in QuickBooks
  • Cash vs. accrual accounting
  • Understanding and using retained earnings
  • Year-end closing entries

OBJECTIVES

Course Objectives & Outcomes

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Be confident in your QuickBooks & Accounting knowledge.

The skills you’ll gain will help you tackle QuickBooks & accounting challenges.

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Setting up Your QuickBooks

Managing money in, money out, banking, payroll, and much more.

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Your Questions Answered

Our instructors will stay with you until all of your questions are answered.

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Tips and tricks to solve problems

You get a true QuickBooks training expert to teach you insider tips.

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The Building Blocks of the Accounting Process.

Beyond recording transactions, you’ll learn how to draw basic conclusions about your company’s financial health.

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Financial Statements

The three most commonly used financial statements and how they fit together