
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.
Setting up a new company on Quickbooks
How to set up a new set of accounts on Quickbooks.
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.
Bad debt provision.
Disposal of an asset - working.
Disposal entries.
New car purchased.
Depreciation on new vehicle.
Depreciation calculations
Entering depreciation journals.
Prepayments.
Processing accruals.
Closing stock adjustment.
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.
Entries:
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).
Receiving extra capital investment from a business partner.
Welcome to the Quickbooks Bookkeeping - Level 3 course, where you'll gain a diploma in computerized bookkeeping using Quickbooks Desktop v2006. This course is designed to teach you the most popular functions needed to become proficient in Quickbooks at LEVEL 3.
Our structured learning approach is practical and provides a scenario assignment with various tasks to complete. You'll be given the task to do and have a go at it yourself on your own system before watching the video answer. This way, you'll reinforce your learning and understand the software more effectively.
By taking this course, you'll learn how to enter opening balances, post journals, calculate depreciation, dispose of assets, process the year-end, and run reports, among other things. This course is perfect for bookkeepers and accounting students looking to take their skills to the next level.
If you're going for a job that requires Quickbooks knowledge, want to add this skill to your CV, or run your own business, this course is for you. You'll need access to a copy of Quickbooks 2006 edition – the version on which this teaching is based.
Our course materials include the handout of the assignment task, and successful completion of the course is equivalent to being at the level of having a level 3 certificate in computerized accounts. This unique course is taught by a bookkeeping service entrepreneur, providing you with practical and relevant knowledge.
Invest only two hours of your time, and gain a diploma in computerized bookkeeping using Quickbooks Desktop v2006. Join us now!