HRDF Course- Advanced QuickBooks Online Plus Training

QuickBooks Online is the most popular cloud-based accounting software package developed and marketed by Intuit. Quickbooks has powered millions of small and medium businesses around the word. This Advanced  QuickBooks Online Plus course is a follow up of the Quickbooks Online course to bring your Quickbooks knowledge to the next level of expertise

The topics covered in this Advanced Quickbooks course include :

• Budgeting
• Payroll
• Project Management
• Bank Reconciliation
• Fixed Assets and Depreciation
• Quickbooks Mobile Apps

Module 1: Working with Multicurrency

• Turning on Multicurrency setting
• Setting up Home Currency
• Transacting in multicurrency
• Realized/unrealized Exchange Loss or Gain
• QBO Currencies and Exchange Rates
• Over-riding exchange rates per transaction
• Currency Revaluation
• Report customization with multi-currency

Module 2: Project Management

• Setting up Projects
• Sub customers or Projects
• Locations, Class - Workaround
• Items Setup for Job Costing – 2 Sided (Sales and Purchases)
• Estimates, Purchase Orders, Invoices, Bills relating to Project
• Billable Items and Expenses
• Project Budgets & Reports

Module 3: Working with Budgets

• Setting up Budgets - Yearly, Quarterly, Monthly
• Prefilling budgets from previous year actual numbers
• Subdivision by Customers
• Budget Vs Actual Reports & Review

Module 4 Bank Reconciliation & Locating Discrepancies

• Connecting Banks (Only an overview due to sensitivity to show real-time connection to a corporate account)
• Uploading Bank Statements Manually
• Verifying, adding and posting bank transactions from statements
• Bank Reconciliation 
• Closing accounting periods and managing secured passwords
• Changing entries in the closed period
• Locating discrepancies in previous reconciled periods
• Audit Log

Module 5 Payroll Management

• Setting up Payroll and Employees
• Timesheets – Weekly/Daily
• Integration with Payroll Apps

Module 6 Fixed Assets and Depreciation

• Creating Fixed Assets Account – at Cost
• Creating Accumulated Depreciation Accounts
• Categorizing assets
• Creating opening balances
• Posting Depreciation entries
• Hire Purchase agreements and treatment
• Transfer and Disposal of fixed assets
• Balance Sheet Reports and Review – Fixed Assets

Module 7 Advanced QuickBooks Reports Customizations

• Running Management Reports from the wizard – P&L, Balance Sheet, Ageing Schedule, Supporting Schedules for Income Statement and Balance Sheet
• Customizing Reports
• Customizing Columns and fields
• Saving Customizations
• Scheduled Reports
• Sharing Reports

Module 9: GST Tax Return

• Handling GST Tax Return

Ramin Majid has more than 5 years’ experience in the field of accounting and financial planning. High knowledge of IGCSEs & A Levels Curriculum and Standards. He is specialize in accounting and company auditing and has been improving his skills from training and courses he is proficient many software such as Quickbooks, OpenERP, Odoo, etc.

Financial Account Manager in Pararate Money Exchangers Group:

• Responsible for creating daily cash recordings and preparing monthly account reports
• Reconcile all assigned balance sheet accounts on a monthly basis.
• Provide detailed and reliable information to internal & external auditors Perform Annual GST report and filling