Quickbooks Bookkeeping - Level 3

Diploma in Computerised Bookkeeping - level 3 using Quickbooks Desktop v2006
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  • Lectures 25
  • Length 1.5 hours
  • Skill Level Intermediate Level
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 9/2014 English

Course Description

Quickbooks Computerised Accounts course is about how to use Quickbooks based on the most popular functions which you as a Quickbooks operator needs to know how to use, in order to be proficient in using the software at LEVEL 3.

The learning is structured in a practical way. You are given a practical scenario assignment. There are various tasks to complete. You are given the task to do and have a go at, and then the video answer is available. It is suggested that you:

  1. Read the task
  2. Watch the video
  3. Have a go at it yourself on your own system
  4. Rewatch the video (if necessary) - to reinforce the learning

You'll learn how to enter opening balances, post journals, calculate depreciation, dispose of assets, process the year end, run reports amongst over things.

This is a useful course if:

  • You need to take your bookkeeping skills to the next level
  • You are going for jobs which have a requirement for you to be able to use this software
  • You want to put this skill on your CV, or
  • You are a bookkeeper or accountant and will be using this for clients or even
  • You run your own business and want to know how to use Quickbooks for yourself.

You will need to have access to a copy of quickbooks 2006 edition – the version which this teaching is based on. Versions 2003, 2008, 2010, 2012, 2014 aren't too dis-similar from the edition which this is based on. If you have a newer version, and get stuck, the instructor is usually online to answer student queries for 2 hours each day.

The course materials includes the handout of the assignment task.

Successful completion of the course is the equivalent to being at the level of having a level 3 certificate in computerised accounts.

The course will take about 3 hours to complete.

What are the requirements?

  • You will need access to Quickbooks Desktop (preferably version 2006 - although recent versions - 2008, 2010, 2012, 2014 are very similar)

What am I going to get from this course?

  • Post trial balance
  • Deal with the disposal of assets
  • Calculate depreciation and post the journals
  • Calculate accruals and post the journals
  • Process year end

Who is the target audience?

  • Bookkeepers and Accountants who need to increase their skills set

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.


Section 1: Getting Prepared - Access the software and course materials
Intro to the course and the tutor

Print off the course material. Read through each task. Watch the video on how to complete the task, and then have a go at it yourself on the software.

Section 2: Getting Started

Setting up a new company on Quickbooks

Section 3: Setting Up The System

How to set up a new set of accounts on Quickbooks.

Section 4: Nominal Ledger

Adding more items onto the initial trial balance.


Entering initial opening balances onto the Trial Balance.


Sales and expenditure workings - on milk.


Milk journal entries.

Section 5: Bad Debt

Bad debt provision.

Section 6: Asset disposal

Disposal of an asset - working.


Disposal entries.


New car purchased.


Depreciation on new vehicle.

Section 7: Depreciation

Depreciation calculations


Entering depreciation journals.

Section 8: Prepayments & Accruals



Processing accruals.

Section 9: Closing stock adjustment

Closing stock adjustment.


Closing stock adjustment.

Section 10: Capital

Receiving extra capital investment from a business partner.

Section 11: Reports

How to print the profit and loss account and balance sheet.

Section 12: Year End

How to process the year end.


Ending trial balance and balance sheet.

Section 13: Written answers
1 page

1. If one of the partners retired, how would the goodwill held in the accounts be apportioned and how would it be reallocated?

2. Joseph Adams suggests that it would be better if the business was incorporated, as he had heard it may help should the company face litigation. Explain briefly to him the nature of the limited liability incorporation.

3. If the company did incorporate, what would the transactions to issue new shares be?

Section 14: Concluding lecture
Next steps?

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Instructor Biography

Lisa Newton, Entrepreneur & Serial Author

Lisa Newton BA MSc FMAAT has a masters degree in Investment Management and a first class honours degree in Accounting with Marketing. She formed her first company in 2004 with £150 in the same month of graduating from City University, London UK. Lisa has never had a full time 9 to 5 job in her life. She's a serial entrepreneur and author who holds directorships in various industries including telecoms, software, hair & beauty as well as finance. She has won various awards in Business including: Young Entrepreneur of the Year Award 2007 and in 2008 Enterprising Business Award and has been nominated and shortlisted in numerous others. In 2011 and in 2012 one of her companies won Best Accounting Franchisor Award.

Lisa's books include: How to write a book in two weeks, Constant Cashflow, Make the most of your money, How to start your own bookkeeping business, Cosmic ordering with Vision Boards and Quickbooks Online The Handbook. Some of the books are in audio-format on itunes and audible.

Lisa supports the charity The MS Society. A speaker, coach, consultant and an avid networker, Lisa enjoys meeting people and working on projects with like-minded individuals.

In her spare time, Lisa likes traveling, dancing salsa, writing books, learning languages, meditation and cosmic ordering.

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