IT Expert System | Accounting QuickBook

Accounting- Quick Books Module

This course introduces students to the fundamentals of financial accounting practice. Students' understanding of key accounting concepts, recording and measuring methods, and disclosure requirements will be developed. Students will learn the process of identification, measurement, recording and communication of financial information through general purpose financial reports using the accrual bases of accounting. Specific issues relating to inventory, non-current assets, liabilities, and equity are examined. Research skills are introduced and students will perform practical research. QuickBooks software labs will give students hands-on accounting experience.

Office Admin Program

Course Content

1. Introduction to QuickBooks

What is QuickBooks?
Why use QuickBooks for accounting?
Versions of QuickBooks (Online, Desktop, Self-Employed)
Setting up your QuickBooks account

2. Navigating QuickBooks Interface

Overview of QuickBooks Dashboard
Customizing your Dashboard
The Chart of Accounts
Company Settings

3. Recording Financial Transactions

Creating Invoices and Sales Receipts
Recording Expenses and Bills
Reconciling Bank and Credit Card Accounts
Journal Entries

4. Managing Customers and Vendors

Creating and Managing Customer Profiles
Creating and Managing Vendor Profiles
Tracking Customer Payments
Managing Vendor Payments

5. Inventory and Asset Tracking

Setting up Inventory Items
Tracking Inventory Quantity
Fixed Assets in QuickBooks

6. Payroll Processing

Setting up Employees.
Running Payroll
Payroll Taxes and Forms
Payroll Reporting

7. Reports and Analysis

Generating Financial Reports (Profit & Loss, Balance Sheet, Cash Flow)
Customizing Reports
Interpreting Financial Data

8. Budgeting and Forecasting

Creating Budgets in QuickBooks
Monitoring Budget vs. Actuals
Forecasting with QuickBooks

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9. Advanced Topics

Multi-Currency Transactions
Class and Location Tracking
QuickBooks Online vs. QuickBooks Desktop

10. Troubleshooting and Q&A

Common QuickBooks Errors and Solutions
Backup and Data Recovery
Final Q&A and Course Wrap-Up

Final Project:

Students will be given a real or simulated business scenario and will be required to set up a complete accounting system in QuickBooks, including recording transactions, generating reports, and analyzing financial data.

Assessment: