Quickbooks Bookkeeping - Level 3
5.0 (3 ratings)
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Quickbooks Bookkeeping - Level 3

Diploma in Computerised Bookkeeping - level 3 using Quickbooks Desktop v2006
5.0 (3 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
66 students enrolled
Created by Lisa Newton
Last updated 7/2015
Current price: $10 Original price: $20 Discount: 50% off
5 hours left at this price!
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  • 1.5 hours on-demand video
  • 1 Article
  • 1 Supplemental Resource
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Post trial balance
  • Deal with the disposal of assets
  • Calculate depreciation and post the journals
  • Calculate accruals and post the journals
  • Process year end
View Curriculum
  • You will need access to Quickbooks Desktop (preferably version 2006 - although recent versions - 2008, 2010, 2012, 2014 are very similar)

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.

Who is the target audience?
  • Bookkeepers and Accountants who need to increase their skills set
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Curriculum For This Course
25 Lectures
Getting Prepared - Access the software and course materials
2 Lectures 04:35

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.

Materials to print and follow
Getting Started
1 Lecture 05:05

Setting up a new company on Quickbooks

Preview 05:05
Setting Up The System
1 Lecture 11:10

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

Setting up accounts
Nominal Ledger
4 Lectures 19:01

Adding more items onto the initial trial balance.

Adding more items onto the intial trial balance

Entering initial opening balances onto the Trial Balance.

Enter initial opening balances

Sales and expenditure workings - on milk.

Sales and expenditure

Milk journal entries.

Milk Journal entries
Bad Debt
1 Lecture 04:17

Bad debt provision.

Bad debt provision
Asset disposal
4 Lectures 18:26

Disposal of an asset - working.

Workings on the disposal

Disposal entries.

Disposal entries entered

New car purchased.

New car purchased

Depreciation on new vehicle.

Depreciation on new vehicle
2 Lectures 06:59

Depreciation calculations

Depreciation calculations

Entering depreciation journals.

Preview 01:44
Prepayments & Accruals
2 Lectures 07:11



Processing accruals.

Closing stock adjustment
2 Lectures 03:29

Closing stock adjustment.

Closing stock adjustment part 1

Closing stock adjustment.

In accounting, the Cost Of Goods Sold is: Opening Stock + Purchases - Closing Stock.

0 + £50,500 - £14,000 = £36,500

We're not given the opening stock, we've calculated the purchases in a previous exercise, and it gives us the closing stock.


Dr Stock £14,000 (Balance Sheet) as 'other current asset'

Cr Closing Stock £14,000 (P'n'L) as 'cost of goods sold'

This is shown on the P'n'L a/c - COGS: £36,500

And on the Balance Sheet, the Closing Stock figure (which is a current asset) is shown as £14,000 as STOCK (a debit balance).

Closing stock adjustment part 2
1 Lecture 01:01

Receiving extra capital investment from a business partner.

Preview 01:01
4 More Sections
About the Instructor
Lisa Newton
4.2 Average rating
384 Reviews
4,671 Students
100 Courses
Entrepreneur, Infopreneur & Serial Author

Lisa Newton BA MSc AAT 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, property management, publishing, hair & beauty as well as finance. She has won various awards in Business including: Young Entrepreneur of the Year Award 2007, in 2008 Enterprising Business Award, in 2016 BE Mogul Award and has been nominated and shortlisted in numerous others. In 2011 and in 2012 one of her companies won Best Accounting Franchisor Award. In 2015 and 2017 one of her companies won Best Bookkeeping Business London (Accountancy International Awards).

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, How to Franchise Your Business and Quickbooks Online The Handbook. Some of the books are in audio-format on itunes and audible.

Lisa hosts her own show The Authors Podcast which can be found on the iTunes channel.

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, yoga and cosmic ordering.