Quickbooks Fundamental Training Course

Introduction

QuickBooks is an accounting software package geared mainly toward organizations who use it to manage sales and expenses, keep track of daily transactions, generate reports for planning, and more. QuickBooks Desktop Enterprise Accounting Software includes the features and functionality of QuickBooks and has features designed for organizations.

This course is aimed at equipping the participants with skills to use QuickBooks Desktop Enterprise software tools to meet the accounting needs of their organization.

Duration

5 days

Course objectives

By the end of this training, participants will be able to use QuickBooks accounting software, in a way they can easily:

• Set-up budgets, track actual with the budgets and report on variances
• Generate various financial reports and statements for Management.
• Manage vendors & suppliers
• Allocate expenses across multiple programs
• Post income and expenses by fund
• Manage cash advances given out
• Track details of Cash/Bank Account transactions

 Course Outline

Introduction of Double entry System of Accounting

• Creation of Company
• Getting started to know Accounting Software
• Creation of Charts of Accounts/GL

Account Receivable

• Setting up of Customers information
• Posting of Sales Orders
• Posting of Sales Invoice
• Posting of Cash/Cheque receipts

Account Payable

• Setting up of Vendors
• Supplier’s information
• Posting of Purchase Orders
• Posting of Purchase
• Receive Inventory
• Payment of Vendors

Inventory and Item set up

• Setting up of inventory
• Inventory classification
• Inventory Basic procedures
• Inventory costing
• Setting up Unit of Measurement
• Setting up Re-Order Level

 Posting of Transactions

• • Prepayment
  • Cash sales
  • Credit sales
  • Petty cash posting
  • Receiving of Bills
  • Paying of Bills
  • Credit Purchase

Bank/Cheque Management

• Receiving Cheques
• Paying Cheques
• Cheque Deposit
• Transfers
• Bank Charges and COT

Costs Management

• Operational costs
• Cost of production
• Administrative costs

General Journal Ledger

• Posting Cash Transfers
• Posting of Bank Tellers/Deposit
• Petty Cash Re-imbursement

 Report Generation

• Management Account Report
• General Ledger Report
• Account payable Report
• Account Receivable Report
• Inventory Report
• Trial Balance
• Profit & Loss Account
• Balance Sheet
• Cash Flow Statements

 Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion, and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirements. For further inquiries, please contact us on Email: [email protected] Tel: +254 721 331 808

Training Venue 

The training will be held at our Upskill Training Centre. We also offer training for a group at the requested locations all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Upskill certificate upon completion of this course.