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SBX7439

Course
SBX7439
Course Title
Basic Accounting with QuickBooks®

Description

Build a solid foundation by learning the fundamentals of accounting and how it relates within QuickBooks®. Understand the chart of accounts and what happens when bills, checks and invoices are entered. No accounting knowledge or QuickBooks experience is required. Basic computer skills are required.
       

Objectives

Upon successful completion of this course, the participants will be able to:

  • Create a chart of accounts
  • Enter bills
  • Enter checks 
  • Record invoices
  • Deal with a couple of financial reports.

Content

  • Class 1
    • Work with setting up the chart of accounts
      • asset
      • current liability
      • other asset
      • long term liability
      • equity
      • Learn why it is so important to set up the chart of accounts correctly
    • Understanding the debits and credits of accounting through doing transactions:
      • bills
      • checks
      • invoices
  • Class 2
    • Understanding A-L=E formula and how to arrive at it
      • Cash vs. accrual methods?
      • Job costing
      • Understanding the Balance Sheet and P & L
      •  Assets - Liabilities = Equity What does it mean?
      • Journal reports

 

Prerequisites

Basic computer skills

Method of Instruction

Lecture; small group discussion; Computer use; overhead use; role-plays

Evaluation

  • Exam:  No
  • Demonstration of Skills:  Yes
  • Class Participation:  Yes