Module 1: Introduction to QuickBooks

• Overview of QuickBooks
  • Introduction to QuickBooks (Online vs Desktop versions)
  • Key features and benefits
• QuickBooks Editions and Pricing
  • Understanding the different versions (Pro, Premier, Online)
  • Selecting the right version for your business needs
• Navigating the QuickBooks Interface
  • Overview of the dashboard
  • Customizing your QuickBooks workspace
  • Key features in the navigation bar

Module 2: Setting Up QuickBooks for Your Business

• Setting Up a New Company
  • Creating and configuring a new company file
  • Entering business details (name, address, industry)
  • Setting up your fiscal year
• Chart of Accounts Setup
  • Understanding and creating a Chart of Accounts
  • Linking accounts to appropriate categories
  • Managing account types (bank, expense, income, etc.)
• Preferences and Settings
  • Setting up preferences (currency, invoicing, tax settings)
  • Configuring sales and purchase settings
  • Enabling security features (user roles and passwords)

Module 3: Managing Customers and Sales Transactions

• Creating and Managing Customers
  • Adding and editing customer information
  • Setting up customer types and pricing
• Sales Transactions
  • Creating and managing invoices
  • Processing sales receipts and payments
  • Recording refunds and credit memos
  • Setting up recurring invoices
• Managing Sales Taxes
  • Setting up sales tax
  • Applying sales tax to transactions
  • Generating sales tax reports

Module 4: Managing Vendors and Purchase Transactions

• Creating and Managing Vendors
  • Adding vendor information (suppliers, contractors)
  • Setting up payment terms
• Purchase Orders and Invoices
  • Creating purchase orders
  • Recording bills and vendor payments
  • Handling purchase returns and credits
• Managing Accounts Payable
  • Paying bills and managing expenses
  • Setting up recurring expenses
  • Running Accounts Payable reports

Module 5: Bank Reconciliation and Cash Flow Management

• Setting Up Bank Accounts
  • Adding and configuring bank accounts
  • Linking bank feeds to QuickBooks
• Bank Reconciliation
  • Reconciliation process (matching transactions with bank statements)
  • Handling discrepancies and errors
  • Running bank reconciliation reports
• Cash Flow Management
  • Tracking and analyzing cash flow
  • Forecasting cash flow for the business
  • Generating cash flow reports

Module 6: Managing Inventory

• Setting Up Inventory
  • Adding inventory items and categories
  • Managing stock levels and pricing
• Tracking Inventory Sales and Purchases
  • Recording inventory transactions (sales, purchases)
  • Managing inventory adjustments and write-offs
• Inventory Reporting
  • Running inventory reports (sales, stock levels, etc.)
  • Analyzing inventory turnover and profitability

Module 7: Payroll Management

• Setting Up Payroll
  • Adding employees and contractors
  • Configuring payroll settings (pay frequency, deductions)
• Processing Payroll
  • Running payroll (salary, hourly, commissions)
  • Generating payslips and pay stubs
• Managing Payroll Taxes
  • Setting up tax rates and deductions (e.g., income tax, social security)
  • Filing payroll tax reports (e.g., 941, state taxes)
• Payroll Reporting
  • Running payroll reports
  • Managing year-end payroll (W-2s, 1099s)

Module 8: Financial Reporting and Analysis

• Generating Key Financial Reports
  • Profit and Loss (Income Statement)
  • Balance Sheet
  • Cash Flow Statement
  • Trial Balance
• Customizing Reports
  • Customizing filters and date ranges for reports
  • Creating and saving custom reports
• Analyzing Financial Performance
  • Financial ratio analysis (liquidity, profitability)
  • Generating financial performance reports for decision-making

Module 9: Tax Filing and Compliance

• Understanding QuickBooks Tax Features
  • Setting up tax rates (sales tax, VAT)
  • Tax settings for business types
• Generating Tax Reports
  • Sales tax reports and filing
  • Preparing year-end tax reports
• E-filing Tax Returns (for QuickBooks Online)
  • Submitting taxes through QuickBooks Online
  • Generating and filing 1099 forms for contractors

Module 10: Year-End Procedures and Closing the Books

• Preparing for Year-End
  • Running year-end reports
  • Finalizing income and expense entries
• Closing the Books for the Year
  • Closing period functionality
  • Creating closing journal entries
• Preparing for the New Fiscal Year
  • Creating a new fiscal year file
  • Carrying over balances and starting fresh
  • Adjusting opening balances