Overview
QuickBooks Online’s (QBO) market share continues to expand, and the Cloud-based accounting platform now dominates the small business market. Learn how to set up QBO and convert QuickBooks Desktop files into a QBO instance and how to process all types of transactions, including accounts payable, accounts receivable, bank feeds, inventory, and payroll. Further, discuss implementing appropriate internal controls and capitalizing on advanced features such as workflow management and management reports. Most accounting and financial professionals have not participated in any formal training on the Cloud-based accounting service. Thus, they are unaware of many of the tool’s available features and do not work with QuickBooks Online as efficiently and effectively as they should.
Objectives
• Identify and access the appropriate QBO subscription for an organization
• List the steps necessary to set up a QBO company
• Differentiate between the reporting options in QBO
• List the fundamental processes for recording transactions in QBO
• Identify examples of automation opportunities in QBO
• List examples of vital internal controls to enable in QBO
Major Topics
• Understanding your QBO subscription and licensing options
• Recording routine and non-routine transactions in QBO
• Importing and exporting data to/from QBO
• Creating effective reports
• Describing the process for integrating third-party applications with QBO
• Troubleshooting issues with QBO reports and data
