QuickBooks
Overview
Over 4.4 million entrepreneurs, freelancers, accountants and small businesses worldwide use QuickBooks financial software, payroll solutions and additional finance services to help track money going in & out of their businesses. With QuickBooks, you can easily create invoices & receipts - and keep your spending cash separate from your business dollars.
QuickBooks is accounting software designed for - and used by - small business owners. You don't need to have any accounting experience to use QuickBooks because it's light on accounting jargon and made to help busy entrepreneurs, freelancers & business owners keep critical data at their fingertips.
This specially designed five day seminar is the ideal way to train you on the use of QuickBooks to track your business or personal finances. Delivered by an experienced Instructor in our Computer Lab, you will gain great insight into how this software can assist you.
Prospective Career Outcomes/
Credentials Awarded
Anyone who wants to fully understand how to use QuickBooks together with its many features.
Upon completion of this course, the student will receive a Certificate of Attendance.
Format
The program extends over a one week period and includes 20 hours of instructional time, from 5:00 p.m. - 9:00 p.m. Monday to Friday.
Course Descriptions
1) Introducing QuickBooks
The course starts with an overall view of the QuickBooks program. Although most small business owners are worried about revenue, running a business involves a lot of other tasks. During this session, we will cover these and see how QuickBooks can assist.
2) Customizing forms
Each form that you use in QuickBooks has its own layout. If the layout of a particular form does not meet your needs, you can create your own custom layout and use this version instead of the QuickBooks version. In this part of the course, you will review various forms, make changes and then save them as templates for future use.
3) Processing sales information
Any time a sale is made in your business you can record this in QuickBooks. In this section we learn about the different formats available for sales forms, how to save sales forms in PDF format, how to create a new invoice, creating invoice letters, reminder statements and sales orders.
4) Creating and posting invoices
In this session, we cover estimates and how to turn an estimate into an invoice. QuickBooks allows you to create multiple estimates and you can also turn an estimate into an invoice. Part of this session is spent learning how to create and post invoices including invoicing a customer for time and mileage.
5) Bill Payments
QuickBooks allows you to efficiently manage the payment of your bills. We will review the bill payment options available in QuickBooks. You can write a cheque manually and then enter the information into QuickBooks later or you can use QuickBooks to write and print a cheque. QuickBooks is also used to track the amounts you owe to suppliers, track your cash flow needs and handle bills you want to pay later. Using QuickBooks, you can pay by credit card and enter the credit card receipt into QuickBooks.
6) Sales Taxes
During this part of the course, we will see how to set up QuickBooks to track sales tax and see how to apply sales tax to a sale. We will also learn how to determine a business’ sales tax liability and how to write a cheque to the appropriate tax agency for the sales tax liability.
7) Payroll
This session is designed to show some of the payroll features of QuickBooks. QuickBooks is able to calculate each employee’s gross pay and then calculate the taxes and deductions to arrive at the net pay. We will learn how to use QuickBooks to write the pay cheque, record the transaction in QuickBooks, keep track of payroll tax liabilities and then pay them.
8) Inventory
In this session, we will explore how QuickBooks can help you track the number of items in stock and the value of your inventory after each purchase and sale. You will understand the importance of knowing the status of your inventory and keeping an accurate picture of your business assets.
