QBO Training

The document outlines a QuickBooks Online training course. It covers registering and signing up for QuickBooks Online, navigating the software, recording sales and revenue transactions like invoices and payments, tracking expenses through bills and bill payments, and reconciling bank accounts. It also provides links to the QuickBooks Online pricing pages and a test drive option.

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QBO Training

Uploaded by

rose querubin

Available Formats

Download as PDF, TXT or read online on Scribd

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QUICKBOOKS ONLINE

TRAINING
BY: COACH MERCY
COURSE OUTLINE
1. Overview of Quickbooks Online
2. How to Register and Sign In / Different Subscription Levels / Navigation /
Setting Up
3. Actual Recording of Transactions with US Accounting Data
4. Bank and Credit Card Reconciliation
5. Powel Tools in Quickbooks
QUICKBOOKS SUBSCRIPTION
https://quickbooks.intuit.com/ph/pricing
QUICKBOOKS SUBSCRIPTION (US)
https://quickbooks.intuit.com/pricing/#.
QUICKBOOKS ONLINE
• QuickBooks is the most popular small business accounting software
businesses use to manage income and expenses and keep track of the
financial health of their business. You can use it for invoicing customers,
paying bills, generating reports, and preparing taxes
• Has both Quickbooks Online and Desktop.
• You can access and manage your books from your computer, laptop, table
or smartphone anytime you choose.
QUICKBOOKS TEST DRIVE
HTTPS://QBO.INTUIT.COM/REDIR/TESTDRIVE
HTTPS://QBO.INTUIT.COM/REDIR/TESTDRIVE_US_ADVANCED

HOW TO SIGN UP IN QUICKBOOKS ONLINE

Create an intuit Account (PH) :
https://signup.quickbooks.intuit.com/?locale=en-row&offerId=20025316&offerType=trial&bc=OBI-LL1&REGION=PH
HOW TO REGISTER AND SIGN IN
SALES & REVENUE TRANSACTIONS
• Estimates are non-posting transactions that provide your customers with
information on what you think you are going to charge them. Think of an
estimate as a quote or proposal.
• Invoices are the sales transactions used when you want the customer to pay on
account. An Invoice will increase accounts receivable, generally increase income
and perhaps sales tax if they are being collected.
• Receive payment is the type of transaction used to receive payment against an
invoice. A receive payment decreases accounts receivable and increases either
bank account or Undeposited funds.
• Sales Receipts are the sales transactions used when you receive payment at the
time of sale; it has no effect on accounts receivable. It increases income and
increases either a bank account or Undeposited funds. Think of it as the
equivalent of a cash receipt when you buy a pack of gum at the store.
• Credit Memos are used when a customer returns something or negotiates
a lower price after the original invoice has been issued. This creates a
. credit in accounts receivable that can be used against future invoices
• Refund receipts are also used when a customer returns something or
negotiates a lower price, but with a refund receipt you are refunding their
payment. It has no effect on accounts receivable. Refund receipts are often
used if the customer to whom you are refunding the money has no
outstanding accounts receivable balance with you.
• Delayed charges and credits are only available in Quickbooks Online
Essentials, Plus and Advance; they are non-posting transactions that reflect
a potential revenue increase or decrease, as they are reminders to add
these charges or credits to future invoices
.
EXPENSE AND PURCHASE TRANSACTIONS
• Bill is a transaction you enter when you receive a bill from a vendor
but want to pay later. A bill will increase accounts payable and
generally increase expenses. This is available in Essentials, Plus and
Advanced only.
• Expense is a way to enter cash, check or credit card purchase all in
one window. (Note that you cannot print checks that were entered
from the Expense window.)
• Checks are a way to enter transactions that reduce your bank
account. You can assign check numbers for manual checks or checks
that have already been printed. Or you can set checks to print later
and print them when you’re ready.
• Bill payment is a transaction used to pay the bills entered. A bill
. payment reduces accounts payable and can be from a bank or
credit card account. This is available in Essentials, Plus and
Advanced only.
• Purchase order is a non-posting transaction used to tell a vendor
you want to order goods or services. This is available in Plus and
Advanced only.
• Vendor credit is used to record either a refund or return from a
vendor that reduces accounts payable.
• Credit card credit is a transaction that records a credit card refund
from a vendor.