QuickBooks Live Recorded Lectures

Starting From Available for Immediate Enrollment and Access

Duration:

3 Months

Fees:

50000 PKR

Discounted Fees:

20000 PKR

Mode Of Training:

LMS

Access recorded live sessions of QuickBooks training, and learn how to manage your business finances with expert guidance at your own pace.

1

1st Lecture U.S. QuickBooks Advanced Training

  • Introduction
  • The importance of QuickBooks with student success stories
  • QBOA and Pro-connect Signup
  • LMS intro and Different Subject/trainings overview
  • QuickBooks Online and Desktop different versions

2

2nd Lecture U.S. QuickBooks Advanced Training

  • QBOA offers free access, training, videos, certifications via ProAdvisor.
  • Chart of Accounts lists assets, liabilities, equity, revenue, expenses.
  • CoA has assets, liabilities, equity, revenue, expenses for reporting.
  • Assets = Liabilities + Equity; CoA feeds balance sheet, P&L.
  • CoA tracks debits/credits; T-accounts show $1 P&L/balance sheet impact.
  • Direct (materials) vs. indirect (utilities); cash vs. accrual basis.
  • QBO forms: invoices, bills (posting); estimates (non-posting).
  • Cash basis for services records cash flow, no complex forms.

3

3rd Lecture U.S. QuickBooks Advanced Training

  • Review COA types, accounting methods (cash/accrual, direct/indirect), key forms, and QBO options for cash-basis businesses.
  • Compare two clients: an active nonprofit organization and a brand-new ecommerce business.

4

4th Lecture U.S. QuickBooks Advanced Training

  • Discuss main menu bar in QBO + new icon and Setting I con
  • Identify which accounts require opening balances among the 15 chart of accounts types.
  • Explain how to enter an opening balance for an account like a bank with the correct journal entry.
  • Describe 3 ways to enter opening balances for 6 balance sheet account types.
  • Guide on entering opening balances for inventory (temporary method), A/R and A/P (via journal entries with customer/vendor names).
  • Enter $1 opening balances for 9 balance sheet account types (using direct inventory account for now).

5

5th Lecture U.S. QuickBooks Advanced Training

  • Reconcile month-end for ecommerce (Shopify, TikTok, etc.) using one Chase account (single-member LLC).
  • Adjust opening balances by comparing 2023 tax return and 2024 bank statements in Excel (Column 1: 2023 Return, Column 2: 2024 Adjustments)
  • How to merge account how to advance merge (undo sub account, change type save and then merge
  • How to delete and make account inactive
  • How to make sub accounts

6

6th Lecture U.S. QuickBooks Advanced Training

  • Reconcile month-end for ecommerce (Shopify, TikTok, marketplaces) using one Chase account (single-member LLC, one bank statement).
  • How to work with non-specified vendors
  • How to work with open transaction (checks) in register
  • How to move the open/unknown transactions to unknown bank (enter mistakenly by owner, bookkeeper and or accountant).
  • How to find the vendors history expense history
  • What happened if transactions deleted after reconciliations
  • How to correct changes in reconciliations
  • How to undo and redo reconciliations
  • How to prepare month end reports
  • How to merge account how to advance merge (undo sub account, change type save and then merge
  • How to delete and make account inactive
  • How to make sub accounts

7

7th Lecture U.S. QuickBooks Advanced Training

  • Who completed the assignment?
  • How many CPA, bookkeeping, accounting firms and or direct CPA contacts do you want? Give any number!
  • Working with Classes and Locations
  • Management reports explanation

8

8th Lecture U.S. QuickBooks Advanced Training

  • Working with Locations
  • Discuss glitches not showing locations/match issue etc.
  • Management reports explanation and creation in QBO
  • A small overview of tax preparation in QBO with accountant tool feature

9

9th Lecture U.S. QuickBooks Advanced Training

  • Create tax return from current QBO file into ProConnect tax online
  • Meals and entertainment Deduction (charitable contribution to Schedule A)
  • Standard Deduction vs Itemized Deductions (with example)
  • Sole proprietorship/single member LLC
  • Introduction to ProConnect Tax Online interface
  • What is form 1040
  • What are schedules
  • What are form 1099
  • How is eligible (see word examples)
  • Types of schedules
  • What is schedules C
  • Detail explanation of schedule C
  • Sole Proprietorship vs. Single-Member LLC
  • Form 1040 Key Points
  • What are Schedules?
  • Types of Schedules for Form 1040
  • Types of Form 1099
  • Schedule C (Profit or Loss from Business)

10

10th Lecture U.S. QuickBooks Advanced Training

  • Partner Ship business
  • Inventory based business /Accrual Based business
  • Tracking inventory
  • General entries for inventory bases business? And on accrual based business
  • Create chart of accounts for partnership business and inventory based business
  • Create items/ inventory /skus
  • Link items with chart of accounts
  • Receive bills /inventory bills
  • Difference between sales receipt and invoice
  • Create sales receipt / invoice
  • Receive payment against invoice
  • Pay inventory bills
  • Run Reports

11

11th Lecture U.S. QuickBooks Advanced Training

  • LMS is updated with Intuit QBO , intuit QuickBooks desktop and Intuit QuickBooks Payroll working
  • Real time client issue with deleting transactions/bills payments/audit trail/ and how to fix the issues
  • Transactions types per QBO
  • Inventory based business /Accrual Based business
  • Tracking inventory
  • Difference between sales receipt and invoice
  • Create items/ inventory /skus
  • Receive bills /inventory bills
  • Create sales receipt / invoice
  • Receive payment against invoice
  • Pay inventory bills
  • Run Reports

12

12th Lecture U.S. QuickBooks Advanced Training

  • Online banking transactions explanations/match/exclude/delete/categorized delete etc
  • Define credit memo
  • Define refund receipt
  • Different between credit memo and refund receipt in qbo
  • Journal entries related to customer refunds
  • Define vendor credit
  • Journal entries related to vendor stock returns/refunds
  • Sales tax/journal entries related to sales tax / sales tax setup in Qbo
  • Sales tax proper setup and sales tax setup with items in Qbo

13

13th Lecture U.S. QuickBooks Advanced Training

  • Define vendor credit / perform transactions in qbo
  • Journal entries related to vendor stock returns/refunds
  • Product and services types, (service type, non-inventory part type /discount items and their used in transactions

14

14th Lecture U.S. QuickBooks Advanced Training

  • Introduction to QuickRoz Webinar for freelancers and business owners
  • Discuss new Amazon client setup: QBO, COA, products/SKUs, accounting method, and monthly reports.
  • Sales tax both qbo and by non-inventory part or service item method
  • Sales tax journal entries/and pdf

15

15th Lecture U.S. QuickBooks Advanced Training

  • Sales tax both qbo and desktop and by non-inventory part item method
  • Sales tax journal entries/and pdf
  • What is 1099
  • What is w9 form
  • How to prepare 1099 in Qbo

16

16th Lecture U.S. QuickBooks Advanced Training

  • New to Upwork: Getting Started
  • Intro to Upwork
  • Profile basics

17

17th Lecture U.S. QuickBooks Advanced Training

  • Profile enhancements
  • Choosing a specialized profile
  • Portfolio
  • Education
  • Profile introduction video
  • Certifications
  • Testimonials
  • 1099 Preparation per vendors

18

18th Lecture U.S. QuickBooks Advanced Training

  • Finding work
  • Submitting proposals
  • Interviewing and negotiating

19

19th Lecture U.S. QuickBooks Advanced Training

  • Client communication
  • Tools for collaboration
  • Work processes

20

20th Lecture U.S. QuickBooks Advanced Training

  • ecommerce Business (Amazon and Amazon FBA).

21

21th Lecture U.S. QuickBooks Advanced Training

  • eCommerce Business (Amazon and Amazon FBA Inventory Tracking Business).

22

22th Lecture U.S. QuickBooks Advanced Training

  • eCommerce Business (Amazon and Amazon FBA non Inventory Tracking Business).

23

23rd Lecture U.S. QuickBooks Advanced Training

  • ecommerce Business (Shopify, PayPal, TikTok).

24

24th Lecture U.S. QuickBooks Advanced Training

  • Payroll
  • What is Payroll
  • How to do Payroll Yourself (9 setup to do payroll like pro)
  • How does payroll withholding work (detail explanation of payroll withholding working and items)
  • Pretax and post tax deduction items and explanations
  • Mandatory vs optional payroll deductions explanation with examples
  • FUTA taxes and its calculations
  • FICA (social security and Medicare calculations and explanations)
  • How to do payroll with software
  • 3 ways to run payroll and their pros and cons
  • Common payroll mistakes and how to avoid them
  • Detail explanations of all payroll forms like (I9, W4, W2, W3, 940,941 etc.)
  • QuickBooks Online Payroll 2024 Glossary

25

25th Lecture U.S. QuickBooks Advanced Training

  • Payroll
  • Payroll items type per QuickBooks Desktop and their sub items under each main type
  • Federal , State and other Payroll taxes
  • Payroll Earning/wages, Deductions/ Contributions/ Taxes/ Reimbursements detail explanation all sub payroll items.
  • All payroll sub items linking with chart of accounts type and detail types per QBO
  • Understanding of pretax and post-tax items, their deductions and calculation for payroll
  • Explanation of Payroll items already created in qb desktop and their lining with profit and loss and balance sheet chart of accounts
  • An overview of employee menu and already listed employees in QB desktop
  • Detail review of Pay check and payroll items used in pay check/ company contribution and employee deductions on pay check
  • Payroll liability payments (Federal & State); detailed forms 940/941 and taxes in next lecture.

26

26th Lecture U.S. QuickBooks Advanced Training

  • Payroll
  • Payroll taxes, income taxes and other taxes filling deadline per IRS
  • Explanation of payroll tax form including EDD and what payroll items include under each form
  • Explanation of Federal and state taxes including DE, SIT, UI and ETT
  • Explain each payroll item using real ADP client example, including items used, amounts, and payments.
  • A list of all business/industries for payroll
  • Detail setup of Payroll in QuickBooks online , All step one by one from employee setup to payroll detail reports

27

27th Lecture U.S. QuickBooks Advanced Training

  • Payroll
  • Setting up employee in QuickBooks online
  • Correcting info for personal info, employment detail , tax withholding and all relevant detail for employee
  • Setting up deduction and contribution payroll items for employee like HAS, health insurance or retirement plan
  • Paying employee practical in QuickBooks online
  • How to pay payroll liability for federal and state
  • Reviewing the effect of payroll/paycheck on profit and loss and balance sheet
  • Modifying payroll setting from gear icon in QBO and adjusting per client requirement
  • Exporting all payroll reports on excel sheet

28

28th Lecture U.S. QuickBooks Advanced Training

  • Depreciation Of Fixed assets, Amortization of intangible assets , Amortization of Loan
  • What is Depreciation and what is Salvage value
  • Depreciation method used in USA per IRS, what is MACRS, what is GDS and ADS methods under MACRS
  • What is Straight line, 200% Declining Balance Method, 150% Declining Balance Methods
  • List of fixed assets and their depreciation period under MACRS (GDS)
  • Detail explanation of Straight line, 200% Declining Balance Method, 150% Declining Balance Methods with examples
  • How to create fixed asset COA and record monthly depreciation journal entries in QBO with recurring setup.
  • Depreciation under section 179 and bonus depreciation
  • What is Amortization and detail explanation with example of amortization and recording in QBO
  • What is loan amortization and how to record it in QBO

29

29th Lecture U.S. QuickBooks Advanced Training

  • USA Individual Tax Return Overview
  • For more detail review the USA individual tax return overview PPT
  • Your Federal Income Tax for Individual by IRS
  • Your Federal Income Tax for Small business Schedule C

30

30th Lecture U.S. QuickBooks Advanced Training

  • Business Taxation detail explanation in word file
  • C Corporations Publication
  • Instruction on form 1120 S, crop
  • Partnerships Publication
  • US Business Taxation Overview PPT