QuickBooks Online

Overview

Quickbooks Online is designed to help small and medium sized businesses to manage all their accounting needs in one place, without any formal accounting knowledge. QuickBooks Online works on your PC, Mac, tablets, and phones.

QuickBooks Online mobile access is included with your QuickBooks Online subscription at no additional cost. It has different versions to match your specific needs; Simple Start, Essentials, Plus and Advanced.

QuickBooks Online allows you to perform the following functions in one location:

• Track income & expenses
• Invoice & accept payments
• Maximize tax deductions
• Run most powerful reports
• Capture & organize receipts
• Track miles
• Manage cash flow
• Track sales & sales tax
• Send estimates
• Manage & pay bills
• Track time
• Track inventory
• Track project profitability

You can sign in to QuickBooks from your web browser. Or download the Mac or Windows app to run Simple Start, Essentials, Plus, or Advanced twice as fast. You can upgrade between QuickBooks Simple Start, Essentials, Plus or Advanced. There’s no contract or commitment. You’re free to switch plans or cancel any time.

Who Should Attend

• Small Business Owners
• Medium Sized Business Owners
• Accounting Students
• Job Seekers
• Entrepreneurs

What Do I Need for this Course

• While there are no prerequisites, it would be useful if the learners are computer literate

What am I Going to Learn

• Compute accurate vat figures for a period in a matter of minutes to fill out vat returns.
• Customise the chart of accounts for your company based on the industry it falls under.
• Expenses can be tracked and workers can be managed better. g. Fuel account can have subaccounts that allow you to track fuel consumption by vehicle. A high cost in one month from one vehicle might suggest that employees may be using for personal use.
• Cash flow can be better managed on QuickBooks. Bills can be paid when they are due and customers can be reminded when their invoices are due.
• Simple reports that are created by QuickBooks can be used when applying for loans at financial institutions.

Course Outline

The following topics will be covered:

Module 1 - Company Setup

• Introduction to QuickBooks
• Setting up QuickBooks Online
• Importing data from excel

Module 2 - Vendors and Customers

• Add accounts and subaccounts to your chart of accounts
• Make accounts inactive
• Set up Vendors and Customers
• Enter opening balances
• Record account opening balance with a journal entry

Module 3 - Enter Products and Services

• Creating Inventory Items
• Creating service items
• Changing inventory and service item data
• Inventory reports

Module 4 - Banking

• Record uncleared bank transactions
• Reconcile bank account

Module 5 - Recording Open Transactions

• Enter unpaid bills for accounts payable
• Record open invoices for accounts receivables
• Enter open non posting transaction

Module 6 - Adjusting Accounts

• Adjust sales tax payable balance in QuickBooks
• Adjust inventory quantity and value

Module 7 - Wrapping up your company file setup

• Create reports (Balance Sheet, Profit and Loss Statement)
• Create additional users in a company file

Assessment

Exercises

The course combines a mixture of theory and practice. Students will undertake a series of practical exercises in each module, this is to strengthen their understanding of the material and to ensure they can apply what has been taught.

On Completion

Students will receive a certificate of completion from CTS.

Course Schedule

Course Offering

Day	Time	Duration	Contact Hours	Cost	Lecturer
Saturday	09:00 am to 12:00 pm	4 weeks	12 hours	$1,500.00	Mrs. Kamah Partap

Session - Saturday (09:00 am to 12:00 pm)

Session	Start Date	End Date
Session 1 - Online Classes	Saturday, January 28, 2023	Saturday, February 18, 2023
Session 2 - Online Classes	Saturday, March 25, 2023	Saturday, April 15, 2023
Session 3 - Online Classes	Saturday, May 27, 2023	Saturday, June 17, 2023
Session 4 - Online Classes	Saturday, July 29, 2023	Saturday, August 19, 2023
Session 5 - Online Classes	Saturday, September 30, 2023	Saturday, October 21, 2023
Session 6 - Online Classes	Saturday, November 18, 2023	Saturday, December 16, 2023

Student Support

Facilitator

Mrs Kamah Partap

Kamah is a freelance Bookkeeper who works with various small and mid-sized businesses where she has implemented QuickBooks as their business accounting software. With over 10 years' experience in the field, Kamah is considered a QuickBooks enthusiast. Kamah is also an accomplished teacher with over 12 years' teaching experience. This course brings her two main passions into one - teaching QuickBooks! In her spare time, she enjoys reading, going for long walks and just relaxing with a cup of her favourite coffee.

Programme Management

The programme management team is responsible for the management of the course. If you would like further information or would like clarification on this programme please contact:

Mr. Matthew Christian
Programme Manager
Phone: (868) 720-2939

E-mail: certificationshidden@ctscollege.com