Professional Documents
Culture Documents
Certification Training
Presented by: Md Shamsur Rahman
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Technical Benefits
Workflow Benefits
• Integrated Document Management
• Automation features
• Bank Rules
• Recurring Transactions
• Ecosystem of Apps
Topic 2: Subscription Levels
Simple Start
• 1 Company User, 2 Accountant User/Firms
• Create unlimited estimates and invoices
• Manage Accounts Receivable
• Record and print checks
• Basic financial and A/R reports
• Unlimited Bank Feeds
• Allows for Apps, Payments and Payroll
Module 1 – Topic 2: Subscription Levels
Essentials
• 3 Company Users, 2 Accountant User/Firms
• Manage Accounts Payable
• Delayed Charges/Credits
• Setup recurring transactions
• Company Snapshot Report
• Customized user permissions
• Supports multicurrency
Module 1 – Topic 2: Subscription Levels
QuickBooks Self-Employed
• 1 user + 1 Accountant User/Firm
• Ability to separate business from personal spending
• Invoicing – online payments + mobile invoicing
• Calculate estimated quarterly taxes
• Tracks mileage and Schedule C deductions
• Bank Feeds
• Attach receipts to transactions
Topic 3:
Main Components of QuickBooks Online
Lists
Transactions
Module 1 - Topic 3: Main Components of QuickBooks Online
Tools
Module 2
Setting Up
Module 2 : Setting Up
Set-up Wizard
Module 2 – Topic 1: Creating a new QBO Company
Manage Users
Module 2 – Topic 3: Setup lists and users
Chart of Accounts
Module 2 – Topic 3: Setup lists and users
Chart of Accounts
Module 2 – Topic 3: Setup lists and users
Customer
Module 2 – Topic 3: Setup lists and users
Vendor
Topic 4: Importing into QuickBooks Online
Maximum targets:
350,000
Module 2 – Topic 4: Importing into QuickBooks Online
In QuickBooks Desktop
Verify and Rebuild (if necessary)
Module 2 – Topic 4: Importing into QuickBooks Online
In QuickBooks Desktop
Post Conversion – Compare Reports
Accountant
Client
Module 3 – Topic 1: Navigating QuickBooks Online
Bookmark bar
Topic 2: QuickBooks App for Mac and Windows
or
www.apps.com
Can change
clients from client
drop down menu
Module 3 – Topic 2: QuickBooks App for Mac and Windows
Menu-style
navigation and
keyboard shortcuts
Module 3 – Topic 2: QuickBooks App for Mac and Windows
• Sales Concepts
• Recording Sales
• Managing Sales
Posting Non-Posting
• Invoice • Estimate
• Payment • Delayed Credit
• Credit Memo • Delayed Charge
• Sales Receipt
• Refund
Module 4 – Topic 1: Sales Concepts
Accrual vs Cash
Accrual
Module 4 – Topic 1: Sales Concepts
Sales Income
Topic 2: Recording Sales
Estimates
Module 4 – Topic 1: Sales Concepts
Delayed Charges/Credits
Module 4 – Topic 1: Sales Concepts
Invoices
Invoice from estimate
Receive Payment
Module 4 – Topic 1: Sales Concepts
Online Invoices
Module 4 – Topic 1: Sales Concepts
Online Invoices
Module 4 – Topic 1: Sales Concepts
Online Invoices
Module 4 – Topic 1: Sales Concepts
Online Invoices
Module 4 – Topic 1: Sales Concepts
Online Invoices
Status & Balance Updated on Online Invoice
Module 4 – Topic 1: Sales Concepts
Sales Receipt
Module 4 – Topic 1: Sales Concepts
Customer Center
Module 4 – Topic 3: Managing Sales
Sales Center
Module 5
Common Workflows
Purchases
Module 5 : Common Workflows - Purchases
• Purchase Concepts
• Recording Purchases
• Managing Purchases
Posting Non-Posting
• Expense • Purchase Order
• Check • Billable Expenses
• Bill
• Bill Payment
• Vendor Credit
• Credit Card Credit
Module 5 – Topic 1: Purchase Concepts
Purchases
Expenses
Topic 2: Recording Purchases
Purchase Orders
Module 5 – Topic 2: Recording Purchases
Billable Expenses
Module 5 – Topic 2: Recording Purchases
Billable Expenses
Module 5 – Topic 2: Recording Purchases
Bills
Module 5 – Topic 2: Recording Purchases
Bill Payments
Pay individual bills from the Vendor
Center or pay multiple bills from the
Quick Create menu
Module 5 – Topic 2: Recording Purchases
Vendor Credits
Module 5 – Topic 2: Recording Purchases
Checks
Module 5 – Topic 2: Recording Purchases
Print Checks
Print a batch of checks by
clicking on Print Checks from
the Quick Create menu
Module 5 – Topic 2: Recording Purchases
Expenses
Module 5 – Topic 2: Recording Purchases
• Payroll
• Other Transactions Concept
• Recording Other Transactions
Turning on Payroll
Module 6 – Topic 1: Payroll Offerings
Payroll Reports
Topic 2: Other Transaction Concepts
Timesheets
Module 6 – Topic 3: Recording Other Transactions
Deposits
Module 6 – Topic 3: Recording Other Transactions
Transfers
Module 6 – Topic 3: Recording Other Transactions
Journal Entries
Module 6 – Topic 3: Recording Other Transactions
Statements
Module 6 – Topic 3: Recording Other Transactions
• Bank Feeds
• Tools
Bank Feeds
• Link your bank and credit card accounts to your
online banking
• Imports your transactions automatically
• Non-posting until YOU take action (unless you use
Auto Add feature)
• Transactions become “self-reconciling”
Module 7 – Topic 1: Bank Feeds
Setting up
Module 7 – Topic 1: Bank Feeds
Specify activity
download
Default: 90 days
Need 14 days?
Download 30 and
use batch exclude
Module 7 – Topic 1: Bank Feeds
Connected
Accounts
Organization
Module 7 – Topic 1: Bank Feeds
Match Existing
Add New
Create a new transaction based off of the downloaded banking information
Module 7 – Topic 1: Bank Feeds
Bank Rules
Create new transaction based on pre-established terms you set up in QuickBooks
Module 7 – Topic 1: Bank Feeds
Bank Rules
Auto-added transaction
will have special icon in
the In QuickBooks tab
Topic 2: Tools
Recurring Transactions
Module 7 – Topic 2: Tools
Using Registers
Transaction has
been Matched or
Added through
Bank Feeds
R Transaction has
been reconciled
using the
Reconcile tool
Module 7 – Topic 2: Tools
Attaching Documents
Module 7 – Topic 2: Tools
Reconciliation Tool
• Reconcile Bank, Credit Card and other Balance Sheet
accounts
• Monitor changes to reconciled transactions
• Undo reconciliations IF you are in QuickBooks Online
Accountant
Module 7 – Topic 2: Tools
Reconciliation Tool
Module 8
Reporting
Module 8 : Reporting
Reporting Intro
Module 8 – Topic 1: Introduction to Reports & Subscription Differences
• 44 default reports
• Income and expenses
• Accounts receivable
• Basic financial statements
• Customizable reports
Module 8 – Topic 1: Introduction to Reports & Subscription Differences
• 77 default reports
• Includes all reports in Simple Start
• Accounts payable
• Product / Services List
• Company snapshot
Module 8 – Topic 1: Introduction to Reports & Subscription Differences
Exporting Reports
Topic 4: Working with Reports
Report Groups
Module 8 – Topic 4: Report Groups
Report Groups
Module 8 – Topic 4: Report Groups
Management Reports
Create custom groups of reports with cover pages and
additional notes
Client sees
Accountant sees
Module 8 – Topic 4: Report Groups
Management Reports
Module 9
Apps & the QuickBooks Online
Ecosystem
Module 9: Apps and the QuickBooks Online
Ecosystem
Benefits of Apps
• Additional functionality
• Reduce data entry
• Streamline workflow processes
• Security/separate of duties
Module 9 – Topic 1: Apps & the QBO Ecosystem
Connecting Apps
• Don’t connect apps for
customers through QuickBooks
Online Accountant!
• Log in to QuickBooks Online as
an Admin to connect apps
• Go to App Center (left side
navigation)
• Search Apps
• Get App Now
Module 10
QuickBooks Online Accountant
Module 10 : QuickBooks Online Accountant
QuickBooks.com
Module 10 – Topic 1: Accessing QuickBooks Online Accountant
http://qbo.intuit.com
Topic 2: Client List
Client List
Easy oversight to QuickBooks Online data
Module 10 – Topic 2: Client List
Client List
Quickly open QuickBooks Online companies
Module 10 – Topic 2: Client List
Inactivate client
Module 10 – Topic 2: Client List
Add Client
Module 10 – Topic 2: Client List
Add Client
Topic 3: Team Users
QBOA Toolbar
Client Switcher
Quick Create
Module 10 – Topic 5: Unique Features
Gear Icon
Module 11
Accountant Tools
Module 11 : Accountant Tools
Report Tools
Module 11 – Topic 1: Accountant Toolbox
Trial Balance
Module 11 – Topic 1: Accountant Toolbox
Trial Balance
Module 11 – Topic 1: Accountant Toolbox
Reclassify Transactions
Module 11 – Topic 1: Accountant Toolbox
Voided/Deleted Transactions
Module 11 – Topic 1: Accountant Toolbox
Close Books
Module 11 – Topic 1: Accountant Toolbox
Reconcile
Module 11 – Topic 1: Accountant Toolbox
Reporting Shortcuts
• Accountant Reports
• Management Reports
• My Custom Reports
Module 11 – Topic 1: Accountant Toolbox
Other tools
Undo
Module 12 – Topic 1: Working with Bank Feeds
Chart of Accounts
Merging Accounts
• Streamline reports and Chart of Accounts
• Ensure that account type, detail type, and parent
account match
• Change name off account you are merging from
(removing)
Deleting/Inactivating Accounts
• Remove old accounts to prevent erroneous use
• There is no true ‘delete’ in QuickBooks Online!
Module 12 – Topic 2: Troubleshooting Common Mistakes
1
3
2
Module 12 – Topic 2: Troubleshooting Common Mistakes
09/30/16 250.00
9/30/16 479.22
9/30/16 322.15
9/30/16 10.89
Go to Receive
Payment screen
and apply open
invoice to the
credit created by
the deposit
Module 12 – Topic 2: Troubleshooting Common Mistakes
Posted to Expense