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Quickbooks Online Training
PC Magazine has named QuickBooks accounting software as the Editors’ Choice for Best Accounting Software. Because of its growing popularity, this Quickbooks Online Training is being adopted by businesses in droves, leading to a rising demand for competent users and creating career-making openings with lucrative pay scales. Whether you want to be an accountant, bookkeeper or CPA – there’s no shortage of opportunities! Besides that, entrepreneurs have plenty room to take advantage from this trend too.
Included In This Course
Included In This Course
2 Training Hours
75 On-demand Videos
Closed Captions
8 Topics
75 Prep Questions
Certificate of Completion
Course Description
Note: Although this course is based on an older version, it remains to be a beneficial resource for educating and training.
QuickBooks is an accounting software package developed and marketed by Intuit. QuickBooks products are geared mainly toward small to medium-sized businesses and offer on-premises accounting applications, as well as cloud-based versions that accept business payments, manage, and pay bills and perform payroll functions.
What Will you Learn?
This course will provide you with the skills and knowledge required to provide a professional level of support to business clients and help them succeed. As you progress through the course, you will develop a working understanding of the complete end-to-end accounting life cycle and be able to support clients with the key required tasks within QuickBooks Online Accountant.
After taking this course, you will be able to confidently provide support to various types of clients and enable them to properly implement QuickBooks Online. This includes everything from the setup and maintenance of client accounts to managing lists and reports. You will also be exposed to basic accounting principles, relevant financial documents, and common errors users typically make.
Learning Objectives Include:
- Determine client needs and recommend the appropriate subscription level
- Describe how to set up a new client and ensure correct settings are applied based on client needs
- Recall how to use QuickBooks Online Accountant and QuickBooks Online to support a typical SMB client and ensure that all their data is entered correctly
- Describe how to reconcile accounts and make adjusting entries where appropriate
- Describe how to ensure the books are balanced
- State how to close the books in preparation for year or period end
- Recall how to run basic reports
- Apply the working knowledge gained of using the accountant tools
- Describe the benefits of QuickBooks Online mobile app
- Explain best practice workflows to clients
Where is QuickBooks Used?
QuickBooks accounting software was named the editor’s choice for the best accounting software by PC Magazine. Due to its increasing popularity, many businesses choose QuickBooks for their accounting needs, which creates a need for competent users. There is a rising market for professional QuickBooks bookkeepers. Job seekers can find career opportunities and lucrative salaries in many different areas including accounting, bookkeepers and CPAs. Entrepreneurial opportunities are also abundant.
In small businesses, bookkeepers are responsible for the daily financial transactions of the company. They record the daily receipts into financial software, like QuickBooks, and manage the banking transactions, accounts payable and accounts receivable. In larger companies, these roles may fall on multiple clerks or accountants, but smaller companies may employ a full-time bookkeeper to handle all these functions.
How much can you make?
Average salaries can vary depending on which career path you take after learning QuickBooks. Starting salaries for bookkeepers can start off at $46,000 a year, while Certified Public Accountants (CPAs) can make up to $65,000 a year. Generally, staff accountants start off at around $50,000 a year. There is also a large market for independent bookkeepers and freelance opportunities. Most freelancers will charge in the range of $25 – $40 an hour for QuickBooks services rendered.
Frequently Asked Questions About Quickbooks Online Training
What is QuickBooks Online and who is it intended for?
QuickBooks is an accounting software package developed and marketed by Intuit. The software is geared towards small to medium-sized businesses, offering both on-premises accounting applications and cloud-based versions. The QuickBooks Online course on ITU Online is intended for those who wish to provide a professional level of support to business clients using QuickBooks Online. This could include individuals aiming to be accountants, bookkeepers, or CPAs, as well as entrepreneurs.
What will I learn from this QuickBooks Online course?
This course will provide you with a comprehensive understanding of the end-to-end accounting lifecycle using QuickBooks Online. You’ll learn how to set up and maintain client accounts, manage lists and reports, reconcile accounts, make adjusting entries, close the books for year or period end, and run basic reports. The course also covers using the QuickBooks Online mobile app and explains best practice workflows to clients.
What modules does the QuickBooks Online course cover?
The course is divided into eight modules: Setup and Maintenance, List Management, Sales (Money-In), Purchases (Money-Out), Accounting, Reports, Customizations and Time Savers, and Extra. Each module covers a different aspect of QuickBooks Online, including setting up users and navigating QuickBooks Online, managing lists, handling sales and purchases, understanding basic financial statements, creating custom reports, optimizing your workflow, and avoiding common mistakes.
Who is the instructor of the QuickBooks Online course?
The course is taught by Mary Rutan, an experienced instructor with ITU Online.
What career opportunities are there for proficient users of QuickBooks Online?
QuickBooks is widely used by businesses, leading to a demand for competent users and creating job opportunities with attractive salaries. Proficient users can find career opportunities in accounting, bookkeeping, and as CPAs. In small businesses, bookkeepers are responsible for daily financial transactions, while larger companies may have separate roles for different accounting functions. Entrepreneurs can also benefit from a solid understanding of QuickBooks Online.
Proudly DisplayYour Achievement
Upon completion of your training, you’ll receive a personalized certificate of completion to help validate to others your new skills.
Course Outline
Quickbooks Online Course Content
Module 1: Setup and Maintenance
Module 1 Notes
Course Introduction
Knowing Which Account is Right for You
Getting Started
User Setup
Access Rights
User Setup Completion
Adding Employees to Payroll
Inviting Your Accountant
Dashboard and 3 Ways to Navigate QBO
Commonly Used Forms
Module 1 Summary
Module 2: List Management
Module 2 Notes
Defining Lists
Importing Lists
Employees vs 1099
Adding and Removing Entries
Updating Entries
Editing and Managing List Elements Demo
Merging Items (entries)
Form Requirements
Module 2 Summary
Module 3: Sales (Money-In)
Module 3 Notes
Product and Service Setup
Customer Setup Demo
Invoicing Workflows
Recording Sales
Customer Statements
Tracking Audit History Demo
Sales Reciept Workflow
Undeposited Funds Account
Accounts Receivable Impact
Impact of Connecting Your Bank Account to QBO
Billable Expense Invoicing
Recording a Customer Credit
Delayed Charges
Estimates
Module 3 Summary
Module 4: Purchased (Money-Out)
Module 4 Notes
Product and Service Setup on Purchase Forms
Vendor Setup
Purchase Order Transactions
Entering and Paying Bills
Recording Checks
Recording Credit and Debit Card Transactions
Recording EFTs, Online Payments, and Wire Transfers
Recording Vendor Credits
Voiding vs Deleting Checks
Vendor Page and Report Insights
Module 4 Summary
Module 5: Accounting
Module 5 Notes
Basic financial statements (Balance sheet, income statement, and statement of cash flows)
Financial Statements Expanded
Cash and Accrual Accounting Differences
Difference Between Cash and Accrual Reporting
Setting a Closing Date
Balancing Your Books aka Reconciling Demo
Journal Entries
Audit Log Insights
Project Profitability Demo
Module 5 Summary
Module 6: Reports
Module 6 Notes
Customized Reports
Commonly Used Reports Demo
Setup Automatic Report Emails
Collapse and Expand Report Function
Exporting and Importing Reports
Module 6 Summary
Module 7: Customizations and Time Savers
Module 7 Notes
Tracking Income and Expenses for Multiple Locations
Organizing your Chart of Accounts
Custom Fields on Invoices
Recurring Transactions
Customizing a Sales Form
Keyboard Shortcuts
QBO Mobile App Preview
Connecting Third Party Apps to QBO
Module 7 Summary
Module 8: Extra
Module 8 Notes
Common Mistakes QBO Users Make
Final Note on Bookkeeping Best Practices
Why QBO is Awesome
Course Outro
Defining Terms and Sample Quiz Questions
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Quickbooks Online Training
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Smooth delivery and easy access to LMS. Good to see that the LMS offers progress tracking. Would be great if badges were offered on completion of courses to share via Credly to future employers.