Overview

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This course features Coursera Coach! A smarter way to learn with interactive, real-time conversations that help you test your knowledge, challenge assumptions, and deepen your understanding as you progress through the course. In this hands-on course, you’ll build real-world accounting skills using QuickBooks Online (QBO) by managing the financial operations of a fictional bookstore, Quincy Bookstore. You will learn to navigate through key tasks like setting up the company, creating customer/vendor records, processing transactions, and more. Each module is designed to simulate real business scenarios, enabling you to gain practical insights into QuickBooks Online functionalities, ensuring you're well-equipped for future bookkeeping tasks. The course begins with an introduction to the practice set, followed by detailed walkthroughs of each step of setting up QuickBooks Online for Quincy Bookstore. You’ll proceed by entering and managing transactions for each week of December, ensuring you apply accurate accounting methods. The final sections focus on month-end adjustments, reconciliations, and closing entries to give you a full understanding of the bookkeeping process. This course is ideal for those who want to develop strong accounting skills through practical exercises, and it is suitable for individuals with no prior accounting experience. You will need access to QuickBooks Online, and familiarity with basic accounting concepts will help. The course is designed for beginners but can also benefit those looking to refine their QuickBooks skills. By the end of the course, you will be able to set up QuickBooks Online for a business, record and categorize transactions, perform reconciliations, and generate month-end financial reports.

Syllabus

Practice Set Intro

In this module, we will introduce the purpose of a practice set and explain how it enhances your accounting skills using QuickBooks Online. You'll become familiar with the materials provided, and we will introduce Quincy Bookstore, the business you'll be working with throughout the course.

Setting Up the Work

In this module, we will guide you through the essential setup steps to configure your QuickBooks Online account for the Quincy Bookstore. This includes setting up the QBS file, creating a company profile, and configuring accounts, customers, and other critical data to prepare for transaction entry.

Week 1—December 1 to 3

In this module, we will introduce you to the Week 1 transactions and walk you through the data entry process in QuickBooks Online. You'll begin recording the first set of transactions using the appropriate workflows and gain hands-on experience with real business activity.

Week 2—December 4 to 10

In this module, we will review and record the Week 2 transactions in QuickBooks Online. You will work through the first and second parts of Week 2's data entry, reinforcing your knowledge and ensuring accuracy in the process.

Week 3—December 11 to 17

In this module, we will guide you through Week 3's business transactions and the process of entering them into QuickBooks Online. You'll confirm that each transaction is recorded properly using the correct accounts.

Week 4—December 18 to 24

In this module, we will discuss and enter the Week 4 transactions in QuickBooks Online. You’ll apply the techniques you’ve learned so far to accurately record each transaction and reinforce your growing accounting skills.

Week 5—December 25 to 31

In this module, we will go through the final set of transactions for December and guide you through entering them into QuickBooks Online. You’ll complete both parts of the Week 5 data entry, marking the completion of your practice set.

End of the Month

In this module, we will discuss month-end adjustments and guide you through recording them in QuickBooks Online. You will also learn how to reconcile accounts to ensure all financial data aligns accurately at month-end.

End of the Year

In this module, we will help you perform a final review of your books to ensure everything is correct. You'll then learn the process of closing accounts and making the necessary entries to complete the year-end procedures.

The Reference Section

In this module, we will explore important reference materials and settings within QuickBooks Online. You'll learn how to manage passwords, adjust printing and numbering settings, and handle scenarios such as bounced checks, ensuring you are prepared for real-world challenges.