QuickBooks

PREREQUISITE:

In this training program, a basic knowledge of Windows and the Internet is recommended. No previous experience using QuickBooks is required for this course.

COURSE OVERVIEW:

QuickBooks 2015 is an accounting software program created by Intuit for small businesses and self-employed professionals, favorite by most organizations as it can be used for almost all financial business processes.   An individual can use it for entering receipts, tracking expenses, invoicing, payment tracking, tax tracking, purchase orders, and even to prepare reports and statements regarding your finances.  QuickBooks is your best business’ partner when it comes to bookkeeping and accounting.

Know how to effectively manage the financial areas of your small business quickly and efficiently with our rigorous training program in QuickBooks. QuickBooks is designed especially for the small to midsized business owner who enjoys Quicken’s convenience of use but prefers a more traditional approach to accounting.

In our training program, participants will be able to gain hands-on experience as they learn the core concepts and techniques to set up a chart of accounts; reconcile your checking account; create and print invoices, receipts, and statements; track your payables, inventory, and receivables; create estimates; and generate reports.

Whether you’re new to QuickBooks or have already gained an overview in this accounting software program, MITS’ course will empower you to take control of the financial accounting for your business.

COURSE OBJECTIVES:

By completing this training course, participants are expected to possess professionalism in handling the scope of QuickBooks and be prepared to sit and pass the QuickBook certification exam. Participants will be able to learn several skills such as:

• Make and produce a new QuickBooks company
• Add information to company lists, or edit information within a company lists
• Edit the pre-set chart of accounts to meet business needs
• Reconcile a QuickBooks chequing account
• Monitor credit card transactions
• Invoice costumers
• Produce customer statements
• Receive payments from customers and enter bank deposits
• Make QuickBooks cheques and assign amounts to specific expense accounts
• Work with asset and liability accounts in QuickBooks
• Enter bills into QuickBooks accounts payable
• Manage to pay bills
• Create and edit QuickBooks reports and graphs
• Save reports, data and forms as Portable Document Format (PDF) files
• Export QuickBooks reports to Microsoft® Excel
• Set up basic inventory
• Monitor and pay sales tax
• Understand QuickBooks payroll features
• Create estimates for customers
• Monitor time
• Customize QuickBooks sales forms

COURSE CURRICULUM:

Overview of Learning Activities

This course is designed to offer participants with comprehensive coverage of the various topic areas. MITS’ course program will thoroughly provide the nuclear details around which the topics will be covered. We deliver a student centered approach in this coursework to provide better guidance and more effective adoption to the information presented. This course is handled by our expert instructor, coupled with engaging texts, hands-on exercises and real work situations.

Overview of Learning Resources

In this coursework, learning resources include the use of recommended text books, lecture notes (as presented through PowerPoint presentations), handouts or references on selected topics.

1. Introduction
   • Starting QuickBooks
   • Setting QuickBooks Preferences
   • Determining Components of the QuickBooks Operating Environment
   • The QuickBooks Home Page
   • The Company Snapshot
   • Understanding Common Business Terminologies
   • Setting Up QuickBooks in Multi-User Mode
   • Revising QuickBooks
   • Backing Up and Restoring a Company Data
   • Exiting QuickBooks
2. Setting Up a Company
   • Building a QuickBooks Company
   • Using the Chart of Accounts
   • Constructing a Password
   • Constructing Closing Date
3. Working with Lists
   • Creating Company Lists
   • Working with the Customers & Jobs List
   • Working with the Employees List
   • Working with the Vendors List
   • Working with the Items List
   • Working with Other Lists
   • Managing Lists
4. Setting Up the Inventory
   • Infiltrating Products into Inventory
   • Ordering Products
   • Receiving Inventory
   • Paying for Inventory
   • Manually Adjusting Inventory
5. Market Strategy for Product
   • Producing Product Invoices
   • Using Credit to Invoices
   • E-mailing Invoices
   • Setting Price Levels
   • Creating Cash Sales
6. Invoicing for Services
   • Creating a Service Item
   • Changing the Invoice Format
   • Creating a Service Invoice
   • Editing an Invoice
   • Voiding an Invoice
   • Deleting an Invoice
   • Entering Statement Charges
   • Making Billing Statements
7. Payment Process
   • Demonstrating the Open Invoices Report
   • Making Use of the Collections Center
   • Receiving Payments for Invoices
   • Making Deposits
   • Managing Bounced Checks
8. Working with Bank Accounts
   • Writing a QuickBooks Check
   • Voiding a QuickBooks Check
   • Making Use of Bank Account Registers
   • Entering a Handwritten Check
   • Transferring Funds Between Accounts
   • Reconciling Checking Accounts
9. Entering and Paying Bills
   • Managing and Controlling Expenses
   • Making Use of QuickBooks for Accounts Payable
   • Entering Bills
   • Paying Bills
   • Entering Vendor Credit