Quickbooks Online - Level 2 Bookkeeping

Use quickbooks online to perform bookkeeping tasks that an entry level bookkeeper should be able to do.
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  • Lectures 42
  • Length 10 hours
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 3/2015 English

Course Description

Quickbooks Online Accounts course is about how to use Quickbooks Online based on the most popular functions which you as a Quickbooks Online operator needs to know how to use, in order to be proficient in using the online software.

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 set up a quickbooks system from scratch, how to enter opening balances, post customer invoices and credit notes, post supplier bills and credit notes, pay suppliers, petty cash, prepare a VAT return, reconcile the bank, post journals, run reports amongst over things.

This is a useful course if:

  • You are thinking of working with the online software,
  • 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 Quickbooks Online. The instructor is usually online to answer student queries for 2 hours each day.

The course materials includes:

  1. the handout of the assignment task
  • access to the QuickBooks Online software for FREE for 21 days
  • A 384 page manual on QuickBooks online

Successful completion of the course is the equivalent to being at the level of having a level 2 certificate in computerised accounts. The next step would then be to take our QuickBooks Online Level 3. Note - there is no level 1.

The course will take about 3-4 hours to complete.

What are the requirements?

  • You will need access to Quickbooks Online (a free link will be provided in the course) - the software will be available (free) for 21 days

What am I going to get from this course?

  • By the end of this course you will be able to complete various common functions using Quickbooks Online. In this course you will learn how to:
  • Enter the opening balances
  • Amend the nominal ledger
  • Add new customer and supplier details
  • Post customer invoices and credit notes to the sales ledger
  • Post supplier invoices and credit notes to the purchase ledger
  • Enter the supplier cheques and record the customer receipts
  • Post Petty Cash transactions
  • Prepare the VAT return
  • Reconcile the bank
  • Post the wages journal
  • Post adjustments to the accounts and produce month-end reports

What is the target audience?

  • Students who are going for jobs where the requirement is working knowledge of Quickbooks Online
  • Those who have studied accounting, but want practical knowledge of how to use a popular accounting software which will help them find employment
  • Previous knowledge of accounting is not presumed or required

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Getting prepared - access the software and course materials
The structure of the course - first things first!
Preview
05:22
03:12

Get your free trial set up, download the course paper and understand the structure of the course.

Section 2: Getting started
Starting A New Company File
11:01
Section 3: Setting up the system
Setting up nominal accounts / amending the nominal ledger
05:07
Enter opening balances
01:32
Reverse Opening Balances - accruals and prepayments and run report
05:34
Report - journal 2
04:47
Section 4: Nominal ledger
Amend the Nominal Ledger
07:15
Report listing the nominal ledgers
01:54
Section 5: Customers
Enter customers
08:49
Report on customer contact information
00:55
Section 6: Suppliers
Entering Suppliers
05:12
Report on supplier contact information
01:49
Section 7: Sales ledger
08:48

Entering invoice 1001 - includes how to link an item on the invoice to the chart of accounts

03:25

How to enter invoice 1002

05:49

Entering invoices 1003 to 1008, using save and next

Post Sales Credit Notes
07:58
Report showing Customer Activity
03:13
Aged Debtors
02:29
Section 8: Purchases ledger
02:47

How to enter a supplier bill

Entering a batch of supplier bills
09:06
Credit Notes Suppliers
05:25
Reclassify supplier bills - flash bulbs purchased
03:37
Supplier Account Activity Report
03:55
Section 9: Sundry payments
Post Cheques
06:40
Report showing supplier payments
01:20
Section 10: Sundry receipts
Receipts from customers
06:31
Report showing customer receipts
02:26
Section 11: Petty cash
Post Petty Cash Transactions and Report
03:32
Post cash payments to ledgers
02:29
Enter petty cash items
14:01
Report on Petty Cash Payments Proper
05:09
Post Sundry Payments
05:19
Report Bank Payments
02:31
Section 12: VAT - Value Added Tax
VAT Return
03:01
Section 13: Bank reconciliation
Reconcile The Bank
10:02
Section 14: Payroll / Wages
Post the Wages Journal
01:30
Section 15: Reports
Posting Journal adjustments
07:39
Run a report on the PnL and Balance Sheet
01:34
Month end adjustments
03:14
Month end reports
Preview
05:43
Section 16: Concluding lecture
384 pages

Further reading into the fundamentals of how Quickbooks Online works.

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Instructor Biography

Lisa Newton, Entrepreneur & Serial Author

Lisa Newton BA MSc FMAAT 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, software, hair & beauty as well as finance. She has won various awards in Business including: Young Entrepreneur of the Year Award 2007 and in 2008 Enterprising Business Award and has been nominated and shortlisted in numerous others. In 2011 and in 2012 one of her companies won Best Accounting Franchisor Award.

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 and Quickbooks Online The Handbook. Some of the books are in audio-format on itunes and audible.

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 and cosmic ordering.

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