Course: Quickbooks Online - Level 2 Bookkeeping

Quickbooks Online - Level 2 Bookkeeping

  • Life Time Access
  • Certificate on Completion
  • Access on Android and iOS App
  • Self-Paced
About this Course

Quickbooks Online Accounts course is about how to use Quickbooks Online based on the most popular functions which you as a Quickbooks Online operator needs to know how to use, in order to be proficient in using the online software.

The learning is structured in a practical way. You are given a practical scenario assignment. There are various tasks to complete. You are given the task to do and have a go at, and then the video answer is available. It is suggested that you:

  • Read the task
  • Watch the video
  • Have a go at it yourself on your own system
  • Rewatch the video (if necessary) - to reinforce the learning

You’ll learn how to set up a quickbooks system from scratch, how to enter opening balances, post customer invoices and credit notes, post supplier bills and credit notes, pay suppliers, petty cash, prepare a VAT return, reconcile the bank, post journals, run reports amongst over things.

This is a useful course if:

  • You are thinking of working with the online software,
  • You are going for jobs which have a requirement for you to be able to use this software
  • You want to put this skill on your CV, or
  • You are a bookkeeper or accountant and will be using this for clients or even
  • You run your own business and want to know how to use Quickbooks for yourself.

You will need to have access to a Quickbooks Online. The instructor is usually online to answer student queries for 2 hours each day.

The course materials includes:

  • the handout of the assignment task
  • access to the QuickBooks Online software for FREE for 21 days
  • A 384 page manual on QuickBooks online

Successful completion of the course is the equivalent to being at the level of having a level 2 certificate in computerised accounts. The next step would then be to take our QuickBooks Online Level 3. Note - there is no level 1.

The course will take about 3-4 hours to complete.

Who is the target audience?

  • Students who are going for jobs where the requirement is working knowledge of Quickbooks Online
  • Those who have studied accounting, but want practical knowledge of how to use a popular accounting software which will help them find employment
  • Previous knowledge of accounting is not presumed or required
Basic knowledge
  • You will need access to Quickbooks Online (a free link will be provided in the course) - the software will be available (free) for 21 days
What you will learn

By the end of this course you will be able to complete various common functions using Quickbooks Online. In this course you will learn how to:

  • Enter the opening balances
  • Amend the nominal ledger
  • Add new customer and supplier details
  • Post customer invoices and credit notes to the sales ledger
  • Post supplier invoices and credit notes 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
Number of Lectures: 42
Total Duration: 03:19:54
Getting prepared - access the software and course materials
  • The structure of the course - first things first!  
  • Set up your free trial  

    Get your free trial set up, download the course paper and understand the structure of the course.

Getting started
  • Starting A New Company File  
Setting up the system
  • Setting up nominal accounts / amending the nominal ledger  
  • Enter opening balances  
  • Reverse Opening Balances - accruals and prepayments and run report  
  • Report - journal 2  
Nominal ledger
  • Amend the Nominal Ledger  
  • Report listing the nominal ledgers  
  • Enter customers  
  • Report on customer contact information  
  • Entering Suppliers  
  • Report on supplier contact information  
Sales ledger
  • Enter invoices  

    Entering invoice 1001 - includes how to link an item on the invoice to the chart of accounts

  • Invoice entering  

    How to enter invoice 1002

  • Invoice batch  

    Entering invoices 1003 to 1008, using save and next

  • Post Sales Credit Notes  
  • Report showing Customer Activity  
  • Aged Debtors  
Purchases ledger
  • Post Supplier Invoices  

    How to enter a supplier bill

  • Entering a batch of supplier bills  
  • Credit Notes Suppliers  
  • Reclassify supplier bills - flash bulbs purchased  
  • Supplier Account Activity Report  
Sundry payments
  • Post Cheques  
  • Report showing supplier payments  
Sundry receipts
  • Receipts from customers  
  • Report showing customer receipts  
Petty cash
  • Post Petty Cash Transactions and Report  
  • Post cash payments to ledgers  
  • Enter petty cash items  
  • Report on Petty Cash Payments Proper  
  • Post Sundry Payments  
  • Report Bank Payments  
VAT - Value Added Tax
  • VAT Return  
Bank reconciliation
  • Reconcile The Bank  
Payroll / Wages
  • Post the Wages Journal  
  • Posting Journal adjustments  
  • Run a report on the PnL and Balance Sheet  
  • Month end adjustments  
  • Month end reports  
Concluding lecture
  • Further learning  

    Further reading into the fundamentals of how Quickbooks Online works.

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