Key Highlights of the Training Program:
✔ Practical application and core functionalities of QuickBooks Online (QBO).
✔ Key differences between QuickBooks Online and QuickBooks Online Accountant versions.
✔ Implementation of main accounts and sub accounts (chart of accounts management and sub-account tracking) within QBO.
✔ Recording and managing assets and liabilities in QBO.
✔ Preparation and entry of source accounting documents (initial bookkeeping records).
✔ Processing Accounts Receivable (A/R) and Accounts Payable (A/P) settlements.
✔ Automating banking transactions in QBO, including Bank Feeds and Bank Reconciliation.
✔ Managing Customers, Vendors/Suppliers, and other contracting parties in QBO.
✔ Recording Products and Services, performing inventory adjustments.
✔ Creating and managing Purchase Orders (POs) and Sales Orders (SOs).
✔ Structure and application of the 20 most common IRS tax forms used in the United States.
✔ Essential information on individual and business taxation in the U.S.
✔ Structure and calculation process of the Payroll system.
✔ Electronic filing and payment of taxes through integrated e-services.
✔ Other QBO tools for optimizing reporting (e.g., using Tags for detailed Profit and Loss reporting, and more).