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QuickBooks Online On-Demand: Fundamentals Course

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  4. QuickBooks Online On-Demand: Fundamentals

QuickBooks Online On-Demand: Fundamentals Course

 

Coming Soon...

*** This is an On-Demand (self-study format) course with 180-Day access available 24/7 online ***

Learn at your own pace – anytime, anywhere. This On-Demand course gives you the flexibility to study on your schedule with the ability to review and revisit materials as needed during the course access period.
(Applicable State and Local taxes may be added for On-Demand purchases, depending on your location.)
Note: The 180-day course access period begins at time of purchase.

VERSION NOTE:

This course is for QuickBooks ONLINE users in which the software is accessed via the cloud.
QuickBooks Desktop, on the other hand, is installed directly on the computer with other differences. If you are using QuickBooks Desktop you should instead consider:
QuickBooks Desktop On-Demand Comprehensive (Introduction & Beyond the Basics)click link.

About this Course

This self-paced, on-demand course covers the same content as the 3-day QuickBooks Online Level 1: Fundamentals Track (ILT) class. Accessible 24/7 from any internet-connected device, this course is designed to provide a flexible and engaging learning experience.
Included in this course:
• Knowledge Blocks – Digital reading materials to support and reinforce key concepts
• Lab PDF’s – Downloadable and printable lab instructions to follow along with video demonstrations
• Hands-On labs – Step-by-step video labs to guide you through completing real-world projects
• Course Completion Certificate – Printable upon successful completion of all course requirements

Course Overview

This 3-day class is perfect for learners who are new to both accounting and QuickBooks Online. You will gain confidence in financial basics—like accounts, transactions, and reconciliation and complete hands-on activities. The course provides plain-language and a working knowledge of how to manage your books, from setup to reporting.

Target Student

This course is ideal for Beginners who need more practice, administrative staff, new business owners, or those taking on bookkeeping duties for the first time.

Prerequisites

• Basic proficiency in the Windows operating system and browsing online
• Basic understanding of accounting practices.

Individuals with limited to no accounting background should consider our self-study on-demand class: Accounting On-Demand: Introduction to Business Accounting, Bookkeeping & Payroll click link.

What You Need to Take This Training

- Reliable internet connection and modem
- Modern web browser (Chrome recommended)
- Multiple monitors recommended
- Printer (optional)

Prefer a Live, Instructor-led (ILT) Class Format?

We offer this same course as live, instructor-led (ILT) training. For details see QuickBooks Online Level 1: Fundamentals Track

COURSE OUTLINE

Getting Started with QuickBooks Online

  • Introducing QuickBooks Online
  • QuickBooks Online Subscriptions
  • Mobile Devices
  • Updates and the Ever-Evolving User Interface
  • Security
  • The Test Drive

Other Tools You’ll Need

  • Navigating the User Interface
  • The Gear Menu
  • The Top-Right Navigation Tools
  • The Help Menu
  • The Navigation Bar
  • Accounting—Behind the Scenes
  • Generally Accepted Accounting Principles (GAAP)
  • Accrual Basis vs. Cash Basis Accounting
  • Account Types and Financial Reports

Setting Up a New Company File

  • Planning and Creating Your Company File
  • Start Date
  • Setup Checklist—Elements of the Plan
  • Customizing Your Company File
  • The Chart of Accounts
  • Products and Services
  • Adding and Managing Users
  • Opening Balances and Historical Transactions

Working with Customers

  • The Sales Center
  • Adding Customers and Sub-Customers
  • Importing Customers from an Excel or CSV File
  • Editing, Merging, and Making Customers Inactive
  • Recording Sales Transactions
  • Customizing Sales Forms Settings
  • Creating Sales Receipts and Invoices
  • Price Rules
  • Receiving Customer Payments
  • Recording a Bank Deposit
  • Creating Customer and Sales Reports
  • Correcting Errors

Working with Vendors

  • The Expenses Center
  • The Money Bar
  • The Vendors List
  • Adding Vendors
  • Importing Vendor Data from an Excel or CSV File
  • Editing, Merging, and Making Vendors Inactive
  • Creating Vendor Transactions: Purchases and Expenses
  • Customizing Expense Form Settings
  • Creating Check, Expense, and Bill Records
  • Managing Accounts Payable
  • Accounts Payable Reports
  • Other Vendor Reports
  • Paying Bills

Banking and Credit Card Transactions

  • Managing the Banking Center
  • Setting Up and Using Bank Feeds
  • Managing Bank Rules
  • Other Banking Transactions
  • Entering Debit and Credit Card Transactions
  • Reconciling Accounts
  • Bank Feeds
  • Undeposited Funds
  • Preparing Financial Reports

Tracking Inventory

  • Enabling Tracking
  • Entering Inventory
  • Non-Inventory Products
  • Inventory Adjustments

Purchase Orders

  • Purchase Order Reports
  • Receiving Inventory Against a Purchase Order
  • Purchase Orders for Non-Inventory Products
  • Adding an Expense to a Purchase Order Payment
  • Purchasing a Product without a Purchase Order

Credits, Returns, Taxes and Refunds

  • Vendor Credits/Returns
  • Sales Tax
  • Inventory and Non-Inventory Products
  • Customer Returns and Credits
  • Customer Refunds
  • Inventory Reports

Working with Balance Sheet Accounts and Budgets

  • Recording Other Current Assets
  • Journal Entries and Recurring Transactions
  • Fixed Assets and Long-Term Liabilities
  • Transferring Funds Between Accounts
  • Petty Cash
  • Handling Uncollectible Receivables/Bad Debts
  • Creating and Reviewing Budgets

Customizing, Fine-Tuning, and Extending Capabilities

  • Customizing Reports
  • Sending Reports
  • Adding a Custom Field to Sales Forms
  • Protecting Confidential Information
  • Enabling Privacy Mode on the Dashboard
  • Setting User Permissions
  • Keyboard Shortcuts
  • Extending Capabilities with Apps
  • The QuickBooks Community

Staying on Track: The Accounting Cycle

  • Generally Accepted Accounting Principles and the Accounting Cycle
  • GAAP
  • Class Tracking
  • Location Tracking
  • Accounting Cycle Steps
  • Project Tracking
  • Tags
  • Delayed Charges and Credits

Completing the Accounting Cycle, Closing the Books, and Reviewing Changes

  • Completing the Accounting Cycle
  • Creating the Trial Balance Report and Making Adjustments
  • Adjusting Journal Entries
  • Comparing Inventory Quantities and Making Adjustments
  • Creating Financial Statements
  • Assembling Management Reports
  • Closing the Books
  • The Audit Log and Audit History
  • Audit Log
  • Audit History

 

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Attend hands-on, instructor-led QuickBooks Online On-Demand: Fundamentals training classes at ONLC's nationwide locations. Not near one of our locations? Attend these same live classes from your home/office PC via our Remote Classroom Instruction (RCI) technology.

For additional training options, check out our list of QuickBooks Courses and select the one that's right for you.

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