Quickbooks Online Cloud Accounting Basic to Advance Course

Learn how to set up a QuickBooks Online trial by registering with email, choosing the plus plan, and opting for a 30-day free trial with monthly or yearly payment options.

Explore creating a trading company in QuickBooks Online for an assignment, set up the chart of accounts, customize the dashboard, and manage banking, expenses, inventory, invoices, and reports.

Explore how the QuickBooks Online chart of accounts is pre-set by industry and how accounts receivable and inventory act as control accounts with automatic trial balance updates.

Learn how to rate and review the QuickBooks Online course, including editing, saving, and exiting reviews, with notes on the chart of accounts and control accounts.

Create customers, enter their opening balances in accounts receivable, and link each customer to the control account to reflect the total balance and enable account history checks.

Learn to customize QuickBooks Online by changing the date sequence to date, month, year and adjust currency settings, navigating through settings, accounts and settings, advanced, and other references.

Enter vendors and their opening balances in QuickBooks Online using manual supplier entries with dates. Review accounts payable as the control account and view its history to verify the totals.

Add opening balances to ledgers and review debtors and creditors balances. Edit fixed asset ledgers, such as buildings and land, and understand reconciliation and deletion options.

Learn to extract the trial balance report, review opening balance equity, and perform manual journal entries to adjust balances in QuickBooks Online using cash or accrual accounting.

Enter accumulated depreciation for land and buildings as a contra asset opening balance in QuickBooks Online, using the chart of accounts, and verify the credit balance in the trial balance.

Create motor vehicles and accumulated depreciation opening balances in QuickBooks, assign fixed asset category, enter the original cost as of January 1, 2021, and apply the negative balance for depreciation.

Create machinery and accumulated depreciation accounts in QuickBooks via the chart of accounts under fixed assets, set opening balances, and use journal entries to correct any mispostings.

Edit and delete existing chart of accounts with balances in QuickBooks Online, focusing on cash in hand, updating opening balances, and verifying through the trial balance and reports.

Create and update bank opening balances in QuickBooks Online by setting up bank accounts, such as Standard Chartered Bankwest and United Bank Limited, and verify balances via trial balance.

Record accrued expenses as current liabilities by relating bills to their month, even when billed later, so the trial balance and opening balance equity reflect March.

Create inventory items in QuickBooks Online, attach pictures, assign car parts categories, set stock keeping unit and initial quantity on hand, and enter costs to update opening balances and ledgers.

Update ledgers, customers, vendors, and inventory to reconcile the opening trial balance in QuickBooks Online, then verify the trial balance as of January 1, 2021 and adjust entries if needed.

Learn to distinguish trading activities from non-trading activities in accounting, with examples like car parts and office purchases, and understand their separate treatment in QuickBooks Online.

Learn to enter the first journal entry in QuickBooks Online to record a cash purchase of furniture for 200,000, debiting furniture and crediting cash under fixed assets.

Learn to locate existing journal entries and create new ones for prepayments, set up accounts, adjust advance rent, and customize and save reports in QuickBooks Online.

Learn to record a cash-paid security deposit as a non-current other asset in QuickBooks Online, classify it for shopping and rent, and edit lines in the entry.

Receive a full customer payment in QuickBooks Online by recording the receipt against the pending balance, cash debited and accounts receivable reduced, with a view to the journal entry.

Enter item related purchase invoices in QuickBooks by selecting the existing vendor, applying payment terms, and recording inventory debits and accounts payable credits via the bill entry.

Learn to enter a credit purchase invoice for a new vendor in QuickBooks Online by creating a bill, adding inventory items with quantities, and viewing debit and credit journal entry.

Enter cash sales in QuickBooks Online by creating a walk-in customer and recording sale with a sales receipt. Ledgers update to reflect cash, inventory, cost of sales, yielding gross profit.

Record customer cash advances in QuickBooks Online by creating a customer advances current liability, processing a cash deposit, and posting a journal entry debiting cash and crediting customer advances.

Use estimates as sales orders in QuickBooks Online when sealed orders aren’t available, then convert the estimate to an invoice later, without affecting accounts.

Record a credit sales invoice in quickbooks online, entering items and prices, sealing the invoice. Review the transaction journal for receivable to sales and cost of goods sold to inventory.

Enter a purchase order in QuickBooks and enable custom fields and a default message. Set a custom order number for migration, record supplier Scheid, and reconcile balances.

Learn to handle bad debts in QuickBooks Online by creating a bad debt account and a credit note to offset the invoice, ensuring the customer ledger balances to zero.

Learn to record a service purchase in QuickBooks Online by creating a bill for packing charges, assigning a service item, and posting to cost of sales and accounts payable.

Process a partial payment of a purchase invoice in QuickBooks Online by recording a 30,000 payment via Standard Chartered Bank, reducing accounts payable and generating the corresponding journal entry.

Convert a sales order to a sales invoice in QuickBooks Online, open an estimate, create the invoice, adjust the date, and review the transaction journal.

Settle customer advances against invoices in QuickBooks by treating advances as a liability, recording cash via a sales receipt, and applying the credit to the invoice to zero the balance.

Learn how to process a purchase return in QuickBooks by issuing a debit note to vendor Mudgett, returning 10 Khairullah Windscreen, reducing accounts payable and inventory.

Record a customer payment in quickbooks by selecting the customer, applying open invoices, depositing to cash, and posting a cash debit with a corresponding accounts receivable credit.

Convert a purchase order to a purchase invoice in QuickBooks Online Cloud Accounting by adding judge's order as a bill for vendor Scheid and review journal entry: inventory debit, people credit.

Adjust on-hand inventory in QuickBooks Online from 107 to 106, classify as loss of inventory under an expense, and post a debit to loss of inventory and credit to inventory.

Learn how to adjust prepaid expenses against rent expense in QuickBooks Online, recording a 5000 journal entry for January 2021 to convert prepaid rent from an asset to rent expense.

Extract and review the closing trial balance in QuickBooks Online, customize the date range, and export the report to PDF or Excel to verify debits and credits and support reconciliation.

Learn to use the transaction detail by account ledger report to reconcile your trial balance, check opening and closing balances, export data, and resolve discrepancies.

Extract a profit and loss report in QuickBooks Online for a chosen period, showing sales, cost of sales, gross profit, expenses, and net earnings, and export to Excel or PDF.

Extract the balance sheet in Quickbooks Online, set the audit period, run the report, and save a proof of extraction with its automatic linkage to other reports.

Launch a frequently asked questions section to cover QuickBooks online functionalities not yet shown, including dashboards, employee reports, and the online edition's reading-focused, service-based scope.

Explore how QuickBooks Online dashboards present a graphical business overview, including profit and loss and expense breakdown, for any period, with customization and privacy options.

Learn to download and open a Quickbooks Online sample company, such as Krieg designs and landscaping services, to access proper reports including profit and loss with data for multiple months.

Learn to customize QuickBooks Online reports, adjusting period, display by month, and cash vs accrual methods. Save and rename custom reports, add notes, and analyze month-by-month performance.

Celebrate completion of this training and apply the lessons to practical scenarios, while encouraging learners to leave a review and stay connected for guidance and ongoing growth.