Your first lesson will introduce the QuickBooks Online interface and the pros and cons of working with your accounting information online. You will learn about the various subscription packages and practice using some of the interactive navigation features within the program.
THE CHART OF ACCOUNTS
The Chart of Accounts is the heart and soul of QuickBooks. In this lesson, you will learn how to take full advantage of this powerful tool to add, edit, and access accounts that you can use to track the value of your business or monitor your income and expenses.
CENTERS AND LISTS
This lesson introduces best practices for using centers and lists in QuickBooks to gather and organize information needed to properly conduct business. You will also learn how to process Form 1099 to give to your vendors at the end of the year.
In this lesson, you will learn how to work with bank accounts in QuickBooks Online. You will learn how to create a new bank account, connect it online, and download, match, and add transactions. Then you will learn how to reconcile your checking account with your monthly bank statement to make sure that neither you nor the bank made any errors.
RECORDING EXPENSES—PART 1
Keeping track of the checks and other expense transactions your business incurs is one of the most critical aspects of your daily operations. In this lesson, you will learn how to utilize QuickBooks’ built-in features to enter check transactions and bank transfers like a pro.
RECORDING EXPENSES—PART 2
Without an organized system for managing all the bills your business receives, they can really start to stack up. And when bills pile up, you might overlook one or two from time to time. In this lesson, you will learn how to enter, edit, and pay your bills on time. You will also learn how to enter and apply vendor credits to an existing or future bill.
CREDIT CARDS AND LOANS
In this lesson, you will learn how to effectively manage Credit Card accounts in QuickBooks Online. You will also learn how to enter a full or partial payment of the credit card balance when it comes time for payment. Finally, you will get the chance to create and enter a new loan balance resulting from the purchase of a long-term asset such as a vehicle or piece of equipment.
RECORDING INCOME—PART 1
You will find this lesson useful if your business ever sells a product or service and collects payment on the sale immediately. Then you will learn how to create multiple Sales Receipts and make the necessary deposit to your bank.
RECORDING INCOME—PART 2
In order to evaluate just how well your company is performing, you will need to learn how to enter estimates, invoices, and customer payments. You will do just that in this lesson. You will also learn how to group multiple customer payments and record those deposits to the bank.
RECORDING INCOME—PART 3
This lesson focuses on billing customers for an expense incurred on a project or job. You will even see how you can add a markup percentage to the amount you include on the customer invoice. Also, you will examine the steps needed to enter credit memos, delayed credits, and refunds.
CUSTOMIZING SALES FORMS AND RECORDING FIXED ASSETS
This lesson will teach you how to customize your QuickBooks sales forms. You will also learn how to record long-term fixed assets and record depreciation on those assets.
SALES TAXES AND REPORTS
In your final lesson, you will learn how to work with the sales tax features in the program to collect and remit taxes you collect from customers. You will also find out how to create, use, and customize a wide variety of useful reports.
Prerequisites / Requirements
There are no prerequisites to take this course.
- This course can be taken on either a PC or Mac device.
- PC: Windows XP or later.
- Mac: OS X Snow Leopard 10.6 or later.
- Browser: The latest version of Internet Explorer, Firefox, or Chrome. (We recommend Firefox or Chrome).
- When your course starts, you will be directed to access and utilize the free QuickBooks Online practice site to complete the lesson and assignment steps. You do not need to purchase a subscription or additional software to complete this course. However, please note that this course is suitable only for the QuickBooks Online version. The desktop versions of QuickBooks are not compatible with this course and should not be used. If you have the desktop version, you should consider registering for the course specifically designed for your version.
- Adobe Flash Player. Click here to download the Flash Player.
- Adobe Acrobat Reader. Click here to download the Acrobat Reader.
- Email capabilities and access to a personal email account.
- Software must be installed and fully operational before the course begins.
WHEN CAN I GET STARTED?
Instructor-Led: A new session of each course begins each month. Please refer to the session start dates for scheduling.
Self-Paced: Start your course at any time your schedule permits.
HOW DOES IT WORK?
Instructor-Led: Once a session starts, two lessons will be released each week, for the 6 week duration of your course. You will have access to all previously released lessons until the course ends.
Self-Paced: You can start your course at anytime, review all lessons in any order, and learn and complete the course at your own pace, within the 3 month access period.
HOW LONG DO I HAVE TO COMPLETE EACH LESSON?
Instructor-Led: The interactive discussion area for each lesson automatically closes 2 weeks after each lesson is released, so you’re encouraged to complete each lesson within two weeks of its release.
Self-Paced: There is no time limit to complete each lesson, other than completing all lessons before your 3 month duration of access ends.
WHAT IF I NEED AN EXTENSION?
Instructor-Led: The Final Exam will be released on the same day as the last lesson. Once the Final Exam has been released, you will have 2 weeks plus 10 days to complete the Final and finish any remaining lessons in your course. No further extensions can be provided beyond these 10 days.
Self-Paced: No extensions will be granted since all lessons are accessible at the start of your enrollment, for the full 3 months of access.
WHAT CAN I DO WITH QUICKBOOKS?
top selling accounting software for small and medium businesses in the United States. There are nearly 29 million businesses that use QuickBooks today. It is a software that can be used to keep track of the financial documents in companies across any industry, and you can be sure that learning to effectively and efficiently use the QuickBooks software will open up doors to new jobs as a professional bookkeeper or allow you to manage the finances of your own small business. You can also use QuickBooks to keep track of your finances at home.
WHAT IS DIFFERENT ABOUT QUICKBOOKS ONLINE?
QuickBooks online allows you to compute in the cloud. This means that software is not directly loaded onto your machine. The advantage of this method is you can access your business files and financial documents anywhere and on any device. It’s perfect for busy professionals who need to keep track of their books wherever they are.
WILL QUICKBOOKS HELP ME MANAGE MY BUSINESS?
Yes, QuickBooks can be used to keep track of your finances and produce reports of your financial documents. You can also use QuickBooks to do payroll, track PTO, calculate tax payments, create budgets, print invoices and receipts, forecast revenue, and report on the overall profitability of your company. Understanding this valuable software will help you save time in completing financial records, and free you to focus on other important areas like product, sales, or customer service.
IS KNOWLEDGE OF BOOKKEEPING IN DEMAND?
According to the Bureau of Labor Statistics, there is a lot of need for bookkeepers, and the job outlook is expected to remain relatively constant through 2026. Understanding how to efficiently use bookkeeping software like QuickBooks will help you as more and more businesses turn to technology to perform basic accounting tasks.
IS BOOKKEEPING THE SAME AS ACCOUNTING?
Not exactly. There are five major parts to the accounting process and they include: recording, interpreting, classifying, analyzing, and reporting financial information. Bookkeeping is the first, foundational part of the accounting process — recording financial transactions.
HOW CAN KNOWING QUICKBOOKS HELP ME PERSONALLY?
You’ll gain the skills you need to create and stick to a budget within this powerful software. You’ll learn to record income and expenses including all of your banking transactions. You can even set up reports that will show you where the majority of your money is being spent.