QuickBooks & Sage 50: Real-World Training

Explore real-world QuickBooks steps for February, including receiving inventory, recording bills and payments, tracking cost of goods sold, processing invoices and deposits, and reconciling bank balances.

Explore supplier payments and inventory tracking in week three, covering bills, payments, damaged goods shrinkage, and inventory adjustments, plus receiving laptops from suppliers and recording items.

Record the February 24 payment of 10,000 to the supplier from chase bank and depreciation entries (depreciation expense 42, accumulated depreciation 42), plus a 25 bank charge.

This week introduces sales tax accounting, inventory management, and payables and receivables in QuickBooks, covering purchase orders, bills, inventory receipts, cash sales, installments, depreciation, and month-end reconciliation.

Cover week 2 payroll and receipts by entering employee salaries, recording a partial customer payment, and depositing funds while transferring between Chase Bank and Fatty Cash.

Learn to record bank loans, interest, liabilities, employee reimbursements and bonuses, manage customer installments and discounts, and review quarterly financials using practical QuickBooks training.

Explore purchase discounts, promotions, and adjustments by processing an early payment discount, recording discounts, and reconciling bank and petty cash while classifying delivery expense, office expense, and online sales activities.

Record month-end adjustments in QuickBooks, including customer payments, depreciation, and inventory quantity and price adjustments, then reconcile bank activity and review April reports for profit and equity.

Purchase and record May inventory of 50 laptops from microparts and a cash sale. Cover prepaid marketing expenses, adjusting entries, accruals, and loan repayments with bank reconciliation.

Explore week 3 focused on installments and marketing expense, recording gadgethub payments, social media ads, petty cash, online sales of smartphones, taxes, PayPal fees, accrued interest, and bank reconciliation.

Record month-end adjustments, including discounts, depreciation, prepaid marketing, pen charges, and bank reconciliations. Compute May's net income and gross profit from sales and cost of goods sold.

Process a credit sale of 25 laptops to ABC traders, record returns, apply supplier credits, and reconcile payments, bills, and taxes to show week 2 sales, net sales, and expenses.

Begin July by recording fixed asset purchases, processing returns and supplier credits, managing loans, and executing payrolls with liability reductions, while applying write-offs, internal audit adjustments, and quarterly projections.

Course module week 3 covers adjustments, marketing and loans through journal entries, recording loan repayments, marketing expenses, deposits, credits, and rent accruals, and bank reconciliation.

Covers July 22–31 activities: paying sales tax liability, recording depreciation expense and accumulated depreciation, inventory write-offs, accruals and prepayments, and bank reconciliation to close July.

Learn how to apply discounts and bonuses, record adjustments, and manage payments in QuickBooks, including loan payments, supplier bills, refunds, incentives, utilities, and bank reconciliation.

Apply adjustments, depreciation, and closings for a month in QuickBooks. Reconcile inventory, petty cash, accruals, and bank statements to close the August period.

Log in with the Sage 50 manager credentials to access the desktop, then create a demo company or open another and switch between multiple companies.

Create new users under access rights, assign specific permissions such as customer access, invoicing, and sales order processing, and adjust access types from full to restricted.

Log in using the user sales name without a password to access only customers, quotations, invoicing, and sales order processing. Configure user-based access rules based on requirements.

Explore nominal ledgers by creating and editing product sales accounts (laptops, mobiles, tablets, Apple Watch), handling sale types, credit charges, and importing CSV ledgers for reporting.

Create and manage customers in QuickBooks and Sage 50 by recording new entries with credit limits, discounts, tax codes, terms, and an opening balance.

Navigate the suppliers module by creating a new supplier with a 500 credit limit and a 300 opening balance, and learn how to import supplier lists via CSV.

Navigate banking modules in QuickBooks & Sage 50 by creating a Chase Bank cheque account with a minimum of 100 pounds, and perform payments, receipts, and interaccount transfers using Alt+B.

Learn to add products, set stock items, assign category laptops, configure inventory tracking, pricing, and reordering rules, and manage purchases, transfers, and imports in QuickBooks and Sage 50.

Configure project costing, define cost types and categories, activate costing, and create a FurryFast London project with resources and a 100,000 price; practice invoices.