MODULE I
Introduction to Bookkeeping and basic accounting
What is a bookkeeper Bookkeeping tasks
- Differences between Bookkeepers and Accountants
- Benefits of being a bookkeeper (why)
- Essential skills for bookkeepers
- Accounting principals – Accounts types – Chart of account
- Financial reports – Cash vs Accrual basis
- Checkbook register
- Credit card transactions
- Quickbooks Transactions VS General Ledgers
MODULE II
- Basic bookkeeping (cash basis)
- Quickbooks set up for new clients (beginning balances)
- Chart of account set up
- Assets, liabilities, equity, income, expenses
- Sub-accounts
- Registering expenses
- Assigning expenses to expense accounts
- Checks
- Wire transfers
- Debit Cards / Zelle
- ACH
- Voided and deleted checks
- Assigning expenses to customers
- Organizing expenses by class
- Credit card expenses
- Transfers between accounts
- Registering deposits – Income accounts
- Split multiple income accounts
- Assigning income to customers
- Assigning income by class
- Using journal entries
- Entry beginning balances from previous years
- Assets, liabilities, equity
- A/R, A/P.
- Using electronical bank feed
- QBO files
- Import bank transactions
- Bank reconciliation
- Credit card reconciliation
- Financial reports
- Profit & loss (Standard)
- By class, by customers
- Balance Sheet
- Customizing reports
- Exporting reports to Excel
- Reading and understanding financial reports
MODULE III
- Advanced bookkeeping (accrual)
- Invoices (accounts receivables)
- Estimates
- Sales orders
- Sales receipts
- Invoices
- Receive payments
- Apply payments
- Credit memos / refunds
- Advanced payments
- Bills (accounts payables)
- Bills
- Pay bills
- Credit memos
- Advanced payments
- Reports: Receivables / Payables Summary – Detail – Aging
- Sales Tax
- Set up sales tax
- Pay sales tax
MODULE IV
- Specialist bookkeeping
- End of year:
- Closing months / year
- Password protection Payroll
- Difference between W2 vs 1099
- Payroll concept
- Accounts set up for payroll (expenses, liabilities)
- Checkbook payroll and manual payroll
- Paystub
- Reports
- Payroll with Quickbooks subscription
- Payroll reporting Submit / filling: – 940, 941, RT6
- Payroll liabilities payments
- EFTSP enrollment