QuickBooks

This module includes information related to using the General Ledger, Receivable, Payable, Payroll, and Inventory Accounting by using QuickBooks. The participant will also learn how to develop a standard set of financial reports.

Competencies:

• Knowledge
  • Know how to enter and post purchase orders, purchase invoices, and credit payments by using Vendor menu and Navigator
  • Know how to enter and sales estimates, sale orders, sale invoices, and sales receipts in customer menu and Navigator
  • Know how to enter; print and post pay cheques of employees by using employee menu and Navigator
  • Know how to record sale and purchase of Inventory Items
  • Know how to do Bank Reconciliation in QuickBooks
• Skills
  • Able to perform transaction processing related to (Cash & Credit) purchases and payments
  • in Payable Module and (Cash & Credit) Sales and receipts in Receivable Module
  • Able to process pay cheques for employees
  • Able to perform Inventory and Project Accounting
  • Able to develop a standard set of financial reports using QuickBooks