This course introduces students to QuickBooks Online, a small business accounting package, and provides hands-on experience in performing essential day-to-day accounting transactions and individual financial entries. The focus is on understanding how accounting information is generated and utilized for key decision-making.

Knowledge Core Competency:

Upon completing this course, students should be able to discuss the use of QuickBooks computerized accounting software for setting up a company’s accounting activities, implementing Inventory Management, and conducting Payroll Analysis.

Objectives:

1. Explain the process of company setup, Chart of Accounts, and QuickBooks list.
2. Describe how to set up Accounts Receivable, Accounts Payable, and Sales Tax.
3. Outline the steps for setting up Payroll and tracking time.
4. Discuss Inventory Management, covering the setup of items, ordering, receiving, and adjusting.
5. Explain how to analyze financial data, create, customize, and save reports.
6. Describe how to customize forms and write QuickBooks business letters.

Skill Core Competency:

Upon completing this course, students should be proficient in using system functions and effectively working with the QuickBooks software in any accounting environment.

Objectives:

1. Set up new accounts, work with lists, and manage bank accounts.
2. Record sales, create invoices, receive payments, and make bank deposits.
3. Set up employees in the payroll system and process payroll for the organization.
4. Analyze financial data and generate meaningful reports.
5. Set up and manage inventory, monitoring inventory activity.
6. Communicate using software pre-loaded templates.
7. Write letters and create new forms as required.

By the end of this course, students will have acquired practical skills in utilizing QuickBooks Online for various accounting functions, enhancing their ability to contribute effectively in accounting environments.