Quickbooks

Course details

Developed and marketed by Intuit Inc. (headquartered in California, USA), QuickBooks is an accounting software package intended to be employed in small and middle-sized businesses. QuickBooks holds a vast majority of the market share in its class of software packages.

Amongst the biggest reasons for the fact that QuickBooks has registered such commendable success in the global market include aggressive pricing by Intuit, ease of operation, online integration and customer service to name a few. The ease of operation of QuickBooks is due to a plethora of features working in tandem.

Using QuickBooks, you can automate the most trivial of tasks like generating invoices, categorizing expenses, bill payments, sync data, preparing built-in reports, generating electronic invoices and many more. Not just this, QuickBooks allows hundreds of third party add-ons dedicated to a particular functionality or service.

Also, since QuickBooks not only supports the Windows platform, but also comes with mobile phone friendly companion applications, adding further to the luxury at the customer's end. On the fundamental accounting part, QuickBooks efficiently provides whatever is required of a resource planning software, including taxation, which is why it is being talked about here.

As far as taxation modules in various country-specific versions of QuickBooks are concerned, Intuit has launched CST, GST and VAT integrated packages for various countries including Canada, USA and India. There has not been a version specific to the Emirates yet, but setting the software up for VAT manually is not much of a hassle but it does require basic competence in your software skills.

Although the choice of which resource planning software one should take up learning should ideally be guided by a number of factors, the aforementioned two software's should definitely be under one's radar if she/he is eyeing to exploit the most out of the newly created, VAT-sized opportunity created by the GCC. Recruiting firms are weighing heavily upon the affirmation that the demand of the jobs in accounting is not going to decrease anytime soon in the segment of air-transport, logistics, e-commerce and many other industries. Thus, as the businesses will be keenly searching out for the individuals having the necessary skill-set to meet the new obligations.

Structure of the course:

Company information

Getting started
Introduction to QuickBooks
Create, modify, open, delete company
QuickBooks administrator and users

Managing accounts

Account  types in QuickBooks
Adding and deleting accounts
Accounting reports
Registers of QuickBooks

Transaction / General journals

General journals  entries
Accounting reports

Introduction to lists

Types of items
Price level lists and QuickBooks items
Other names list and others

Vendor Center

Introduction to vendor center
New vendors
Purchase and order
Enter bills and vendors
Outstanding payment
Receiving inventory in QuickBooks
Inventory adjustments
Assembling productions

Customer Care

Introduction to customer center
New customers in QuickBooks
Sales order overview
Working with invoices
Sales receipts from customers
Statement charges and customers
Statement overview
Finance charges for customers
Customer payments in QuickBooks
Credit memos or sales returns
Time ticket for customers

Banking Transactions

Customer deposits
Transferring funds
Account reconciliation in QuickBooks

Employee

Introduction to employee center
New employee and payroll options

Features of QuickBooks

Planning and budgeting
Backup and restore, export and import
Remainders and alert managers
Memorized transaction in QuickBooks
  Updated on 10 April, 2023