QuickBooks was once the great competitor to MYOB when accounting software started to become popular years ago.
Back then, MYOB beat QuickBooks (distributed on CD’s in retail boxes by Reckon) to become the most popular accounting software in Australia. However, in this era of cloud-based software & services, the tables have turned, and small business people will find there are many more options available to them than MYOB.
Just like our MYOB training courses (and Xero courses), our online QuickBooks Course will take you through several different scenarios.
You’ll go through the same accounting scenarios used in our MYOB and Xero courses.
bookkeeper, accountants and professional services providers.
QuickBooks is often preferred by bookkeepers and accountants employed to work with numerous small businesses.
In terms of our Online Daily Transaction Course, you will start the process by performing a simple purchase and payment for office cleaning services.
From there you’ll delve into purchases of inventory items.
Before purchasing inventory items, you will need to create them and enter the information that will later be used, not only buy them wholesale, but also to sell them to your customers.
You’ll create products even if you sell services because it helps you package your services into clearly identifiable units – like weekly subscriptions or hours based charges.
Course Duration: 12 hours
QuickBooks Online Course Workbooks
Our accounting software courses take students through common scenarios that happen at a number of different business types including:
Service-based businesses like independent contractors
Suppliers of products and services who combine these in their solutions
Intuit QuickBooks Online Bank Reconciliation (Course 523)
Bank feeds enable business owners to speed up the process of reconciling their bank statement/s to their accounting software. QuickBooks was one of the first companies to provide this fantastic service. This course goes through typical end-of-month tasks, transactions and reconciliations. It shows you how to correct transaction entries.
Explore a bank statement and enter data for that period as well as the direct debit transactions. Explore ad hoc payments for director wages, capital purchase of a vehicle and depreciation of that vehicle, plus alternatives like leasing or second hand car purchase under $20,000. You’ll perform a bank reconciliation that doesn’t balance and then go through the entries to sort out the issues and mis-typing that happens in most businesses.
Entering and coding direct debits in QuickBooks
Interest payments and charges in QuickBooks
Coding capital purchases in QuickBooks
Understanding depreciation in QuickBooks
International credit card payments and charges in QuickBooks
Basic payroll entries for micro businesses in QuickBooks
Loans to and from the company in QuickBooks
Experience a bank rec which doesn’t balance in QuickBooks
Rectify entries to complete the bank reconciliation in QuickBooks
It explores a full quarter worth of transactions using a case study which features a budding entrepreneur and we’ve chosen this case study because it enables us to include transactions that make GST and BAS reporting tricky; including:
purchases which are GST-free,
those which have partial GST, or are
international payments.
varying GST Transactions
The course includes capital purchases (a vehicle) and includes the different costs of running a vehicle should be treated, as well as expenses like entertainment; when FBT applies and an introduction to Payroll where you’ll explore how various aspects of wages are treated in the BAS.
Payroll Administration Introduction
You’ll explore how to manage ad-hoc wages where a small business pays it’s directors/owners and some casual staff on an adhoc basis. This is common with small consulting and service based businesses where the hours worked each week can vary depending on worrkload or projects. At the end of a quarter (or month) the liabilities and Superannuation guarantee as well as other employment obligations can be calculated on a spreadsheet based upon PAYG Schedules which are available from the ATO and you’ll learn how to do that.
You’ll learn how to enter these payments and transactions and be able to include expenses, liabilities and more in the end of quarter reporting.
Directors Loans
This course includes transactions which relate to a director lending money to the businesses and you’ll see how a transfer of assets and liabilities work from the transaction and coding side to the financial reporting side.
BAS Report and PAYG Reporting
After correctly coding all of these transactions, you’ll:
set up the Financial Settings of a Business in Xero with regard to the GST registration (Cash vs Accrual and quarterly vs monthly).
run a BAS report, which is combined with our specially-designed “Ad Hoc Payroll” Excel spreadsheet case study calculations in order to work out the final liabilities.
Decisions Based on Financial Reports
As you progress through this course you’ll see the results of the business owners ‘change of strategy’ and focus for the business.
The business owner we’re talking about is Jerry Lame. He’s an ordinary man who’s lived an ordinary life and now wants to
use his corporate world experience to be “his own man”, to
start his own business and
be in charge of his own destiny.
You’ll see how things can get out of hand pretty quickly and follow Jerry’s journey as he gets better at being in business.
You’ll see what these results look like at the end of the quarter, as well as month-by-month comparisons of Profit and Loss and Balance Sheet reports.
Apart from performing all of a businesses compliance requirements, decision making is one of the biggest reasons for business to maintain detailed records and use computerised accounting software.
At the end of the course you’ll explore how the business owner can use the information in the reports to change the direction of the business, as well as how he will be able to configure their software to obtain even better reports at the end of the next quarterly reporting period.
Payroll is a sought after feature for small businesses; Intuit Quickbook includes this functionality in their sottware so you can process payruns and payroll reports and be fully compliant for SuperStream and other payroll requirements.
Sign up to KeyPay
Create Employee Cards with Intuit QuickBooks Online Payroll
Add a Pay Run Inclusion with Intuit QuickBooks Online Payroll
Perform a Pay Run with Intuit QuickBooks Online Payroll
Print and Email Pay Slips to Employees with Intuit QuickBooks Online Payroll
Pay Run Reports with Intuit QuickBooks Online Payroll
Update Employee Payroll Details with Intuit QuickBooks Online Payroll
Edit a Pay Run with Intuit QuickBooks Online Payroll
Run a Payroll Detailed Activity Report with Intuit QuickBooks Online Payroll
Reconcile Superannuation and Wages with Intuit QuickBooks Online Payroll
Reconcile the PAYG Taxes with Intuit QuickBooks Online Payroll
Complete ATO Settings with Intuit QuickBooks Online Payroll
Print out the Payment Summaries with Intuit QuickBooks Online Payroll
Add a New Pay Category with Intuit QuickBooks Online Payroll
Edit Pay Categories with Intuit QuickBooks Online Payroll
Add Annual Leave Loading with Intuit QuickBooks Online Payroll
Create Work Types with Intuit QuickBooks Online Payroll
Create a Casual Employee in QuickBooks Online with Intuit QuickBooks Online Payroll
Create Permanent Employees in QuickBooks Online with Intuit QuickBooks Online Payroll
Enter timesheets with Intuit QuickBooks Online Payroll
In my experience, more and more business owners are needing training in bookkeeping because bookkeeping tasks aren’t quite as easy as the software companies make out. I recently reviewed EzyLearn’s Intuit QuickBooks Online Training Course material and was surprised at how thorough and detailed it was. It covers some very advanced topics and the flow of the EzyLearn course makes it a great training resource.”
— Tracey O’Neill, Registered BAS Agent and Bookkeeper, QuickBooks Pro Advisor
NOTE: QuickBooks is Bigger than Xero & MYOB
QuickBooks has confirmed their commitment to re-enter the Australian market in a strong way.
Anyone interested in looking at alternatives to MYOB or Xero would benefit by seriously exploring QuickBooks as it is backed by a company that is massive in size when compared to both MYOB and Xero.
Quickbooks is, in fact, the largest accounting software provider to small business in the United States, despite the best efforts of Xero to displace them – even with their purchase of other software providers like Melio.
View our blog describing the Cloud Accounting Ecosystem and how QuickBooks fits in — and how bookkeepers can become a one-stop-shop for people needing help with their finance and accounting requirements
QuickBooks Training Courses are Available Separately
We’ve always prided ourselves on including ALL courses for one low price in our QuickBooks Online COMPLETE course package (everything listed on this page) but that’s not always practical for some students.
If you are a student who is looking at enrolling into just one of the QuickBooks courses then explore our Bookkeeping Course Catalogue website and choose exactly which course you want to enrol into.
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