Accounts Management System

Course Overview:

Did you know that employment for accountants and bookkeepers is growing faster than average? Many companies in the world now looking for Freelancer to outsourcing their company books. YES, QuickBooks, which is one of the no.1 best accounting software tools using worldwide and the top managerial accounting program in the U.S. and anyone can put QuickBooks on their resume and skills necessary to use QuickBooks proficiently in a business setting without costly software training.

Xero is also known as the “QuickBooks alternative,” and comes with the same base capabilities as QuickBooks, which includes features like automatic bank feed, 1099s, invoicing, billing, expense reports, unlimited users and many more options. Additionally, Xero is one of the easiest accounting software and it has extensive user interface. Xero functions same as like QuickBooks, complete with an informative, aesthetically pleasing dashboard with a simple navigation bar.

Course Module:

QuickBooks Online Accounting Software :

  • Module-1: Introducing QuickBooks Online
  • Module-2: Using QuickBooks Online for the First Time
  • Module-3: Working with Customers
  • Module-4: Working with Vendors
  • Module-5: Working with Other Transactions
  • Module-6: Defining Products and Services
  • Module-7: Working with Lists and Tools
  • Module-8: Running Reports
  • Module-9: Special Topics

XERO Online Accounting Software :

  • Unit 1: Xero Introduction
  • Unit 2: Xero Setup
  • Unit 3: Users
  • Unit 4: Chart of Accounts
  • Unit 5: Bank Accounts
  • Unit 6: Conversion Balances
  • Unit 7: Contacts
  • Unit 8: Inventory
  • Unit 9: Invoicing – Sales
  • Unit 10: Quotes
  • Unit 11: Purchases
  • Unit 12: Purchase Orders
  • Unit 13: Expense Claims
  • Unit 14: Reconciliation
  • Unit 15: Fixed Assets
  • Unit 16: Reports
  • Unit 17: Activity Statement

Course Outcomes :

QuickBooks Online (QBO) :

  • Identify the benefits of using QuickBooks Online
  • Understand the steps to manage Company Settings
  • Define common QuickBooks concepts and terms related to recording transactions
  • Identify best practices when using QuickBooks Online to record revenue
  • Determine appropriate sales-related settings
  • Recognize the features of Online Invoices
  • Identify the functionality of QuickBooks Payments
  • Identify best practices when using QuickBooks Online to record expenditures
  • Determine appropriate expense-related settings
  • Identify additional transactions initiated using the Quick Create menu
  • Identify the steps to set up and utilize bank feeds
  • Recognize the functionality of Recurring Transactions
  • Determine the steps to reconcile transactions to a bank statement using the Reconcile tool
  • Identify the steps to set up QuickBooks Online Payroll
  • Identify the steps to find, purchase and access apps that work with QuickBooks Online
  • Determine the steps to utilize advanced features: multicurrency, preparation and reporting for forms 1099 and the Sales Tax Center
  • Identify the benefits of using QuickBooks Online reports
  • Identify common mistakes made in QuickBooks Online and how to fix them

Xero Online :

  • Use various functions using Xero accounting software
  • Enter the opening Balances
  • Add New Customer & Supplier Details
  • Post customer invoices to the sales ledger
  • Post supplier bills to the purchase ledger
  • Enter the supplier cheques and record the customer receipts
  • Post Petty Cash transactions
  • Prepare the VAT return
  • Reconcile the bank
  • Post the wages journal
  • Post adjustments to the accounts and produce month-end reports

Course requirements/ prerequisites :

  • Accounting background – BBA/MBA
  • Basic knowledge of PCs, MS Windows, internet and online proficiency
  • Basic knowledge of English (reading/writing/speaking)