Quickbook Advance Training Course

Module 1: QuickBooks Advanced Overview and Navigation

Understanding the QuickBooks interface and navigation

Customizing dashboards and workflows

Setting up company files for multiple departments or entities

Practical Exercises: Exploring dashboards, customizing menus, and managing user access

Module 2: Advanced Chart of Accounts and Data Management

Creating and managing complex Chart of Accounts

Managing multi-currency transactions

Data import, export, and backup strategies

Practical Exercises: Setting up accounts, importing transactions, and reconciling data

Module 3: Accounts Payable and Receivable Management

Managing vendor bills, payments, and credits

Tracking customer invoices, payments, and outstanding balances

Handling partial payments, discounts, and adjustments

Practical Exercises: Entering bills, applying payments, and generating aging reports

Module 4: Inventory and Asset Management

Tracking inventory levels and valuations

Managing fixed assets and depreciation schedules

Integrating inventory with sales and purchase processes

Practical Exercises: Recording inventory transactions, calculating depreciation, and generating inventory reports

Module 5: Payroll Processing and Employee Management

Setting up employee profiles and payroll items

Running payroll, deductions, and benefits management

Generating payroll reports for compliance and analysis

Practical Exercises: Processing payroll, generating pay slips, and reconciling payroll accounts

Module 6: Financial Reporting and Analysis

Generating Profit & Loss, Balance Sheet, and Cash Flow statements

Creating custom reports and filters for decision-making

Analyzing trends and performance metrics

Practical Exercises: Custom report creation, financial statement generation, and trend analysis

Module 7: Bank Reconciliation and Cash Flow Management

Performing bank reconciliations and resolving discrepancies

Managing cash inflows and outflows efficiently

Forecasting cash needs and liquidity planning

Practical Exercises: Reconciling bank statements and cash flow simulations

Module 8: Advanced Transactions and Automation

Handling recurring transactions and memorized reports

Automating reminders, alerts, and workflows

Using QuickBooks for intercompany transactions and consolidations

Practical Exercises: Setting up recurring entries, alerts, and automated workflows

Module 9: Troubleshooting, Data Integrity, and Security

Identifying common errors and correcting them

Ensuring data integrity and audit readiness

Implementing user permissions and system security

Practical Exercises: Error correction, user access setup, and data backup strategies

Module 10: Case Studies and Integrated Exercises

Simulated business scenarios for comprehensive practice

Integrating all QuickBooks functions: billing, payroll, reporting, and inventory

Practical assessment to test knowledge and skills

Practical Exercises: Full-cycle accounting exercise from transaction entry to reporting