
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.
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.
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 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.
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.
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.
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.
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.
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.
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.
This QuickBooks Online Complete Training Course is a practical, step-by-step program designed to help you master cloud accounting and bookkeeping using QuickBooks Online.
You will start from the basics, including setting up the QuickBooks trial version, creating a company, and understanding the interface. The course builds a strong foundation by covering Chart of Accounts, opening balances, customers, vendors, inventory setup, and trial balance reconciliation.
As you progress, you will learn how to handle real-world accounting transactions such as cash and credit sales, purchase invoices, customer payments, vendor payments, journal entries, and expense recording. You will also understand key accounting concepts like accrued expenses, prepaid expenses, depreciation, contra assets, and control accounts.
This course covers complete business workflows including sales orders, purchase orders, customer advances, returns, bad debts, and inventory adjustments. Every topic is explained with practical examples so you understand both the software and accounting logic.
You will also learn how to generate and customize financial reports such as Trial Balance, Profit and Loss, and Balance Sheet, along with dashboard analysis and report customization techniques.
By the end of this course, you will be able to confidently manage complete accounting operations in QuickBooks Online, making it ideal for accountants, business owners, freelancers, and finance professionals.