- Description
- Objectives
- Outline
- Materials
- Certification
- System Requirements
- Watch a Demo
To succeed in small business, you need great ideas, an entrepreneurial spirit, and competitive products or services. And one other thing: a good accounting system like QuickBooks. With our program you will learn how to track your sales and expenses all in one place and get reliable records for tax time.
Professional Bookkeeping
After completing this course, you should be able to:
- Identify the daily tasks and procedures involved with bookkeeping
- Define inventory systems and the steps needed to issue financial statements
- Recall the methods for managing credits and collections
- List the steps involved in accounts payable and recordkeeping
- Describe the fundamentals of mastering internal controls and fraud prevention
QuickBooks® Pro
After completing this course, you should be able to:
- List the basics for getting started with QuickBooks
- Define the steps for completing daily entry tasks
- Recognize the steps to print checks, process taxes, process payroll and track expenses
- Identify the steps for creating and printing reports, invoicing, file management, and backing up information
- Describe steps for creating charts for tracking actual spending, income, inventory, assets, and liabilities
Start Your Own Business
After completing this course, you should be able to:
- Define entrepreneurship
- List the steps for developing a business plan
- Recall methods for marketing your business
- Recognize the concepts behind financing strategies
- Differentiate between potential strategies for growing your business
Professional Bookkeeping
Professional Bookkeeping Module 1
Setting Up Your Accounting System
- Bookkeeping and Accounting Basics
- Chart of Accounts
- Debits vs. Credits
- Double-Entry Accounting
- Using Journal Entries and Ledgers
- Choosing an Accounting Method
- Cash and Accrual Basis
Professional Bookkeeping Module 2
Recording Accounting Transactions
- Business Transactions
- Managing Bookkeeping and Accounting System
- End-of-Period Procedures
- Tracking Purchases
- Tracking Inventory
- Collecting on Cash Sales
- Processing Employee Payroll and Benefits
- Taxing Payrolls
Professional Bookkeeping Module 3
Adjusting and Closing Entries
- Depreciating Your Assets
- Paying and Collecting Interest
- Proving Out the Cash
- Closing Cash Journals
- Reconciling Accounts and Closing Journal Entries
- Checking Your Accuracy
- Working with Trial Balance
- Developing a Financial Statement Worksheet
- Adjusting the Books
Professional Bookkeeping Module 4
Preparing Income Statements and Balance Sheets
- Origins of Accounting Standards
- Understanding the Nature of Profit
- Preparing Income Statements Related to Profit
- Assessing the Balance Sheet’s Asset Section
- Accounting for Liabilities
- Keeping Current Liabilities Under Control
- Capital Stock
- Coupling the Income Statement and Balance Sheet
Professional Bookkeeping Module 5
Reporting on Financial Statements
- Clarifying the Values of Assets in Balance Sheets
- Introducing Business Valuation
- Cash Flows and Changes in Equity
- Difference Between Cash and Profit
- Analyzing Financial Statements
- Explanatory Notes and Disclosures
- Reports to Shareholders
Professional Bookkeeping Module 6
Planning and Budgeting for Business
- Incorporating Your Business
- Choosing a Legal Structure for a Business
- Outlining a Basic Business Plan
- Budgeting Basics
- Budgeting with Cash or Accrual Accounting
- Long-Term Obligations
Professional Bookkeeping Module 7
Business Decisions
- Estimating Costs with Job Costing
- Performing Activity-Based Costing
- Examining Contribution Margins
- Accounting for Change with Variance Analysis
- Smart Pricing Decisions
- Financial Formulas
Professional Bookkeeping Module 8
Cash and Purchasing
- Identifying Costs and Matching Costs with Revenue
- Satisfying the Matching Principle
- Inventory Cost Flow Assumptions
- Inventory Types
- Incremental and Opportunity Costs
- Interpreting Financial Results
- Reviewing Profit and Earnings
- Maximizing Business Value
Professional Bookkeeping Module 9
Auditing and Detecting Financial Fraud
- Sarbanes-Oxley Regulation
- Preventing Cash Losses from Embezzlement and Fraud
- Assessing Audit Risk
- Collecting and Documenting Audit Evidence
- Auditing a Client’s Internal Controls
- Five Components of Internal Controls
- Common Fraud Schemes
- Financial Statement Fraud
**Outlines are subject to change, as courses and materials are updated.**
QuickBooks® Pro
QuickBooks Pro Module 1
An Accounting Primer
- Principles of Accounting
- Double-Entry Bookkeeping
- Accounts Receivable
- Inventory Accounting
- Recording Accounts Payable Transactions
- Accounting for Fixed Assets
- Recognizing Liabilities
- Closing Out Revenue and Expense Accounts
QuickBooks Pro Module 2
Setting Up QuickBooks
- Planning Your New System
- Installing QuickBooks
- QuickBooks Setup Wizard
- Identifying the Starting Trial Balance
- Loading the Master File Lists
- Setting Up QuickBooks Preferences
- Specifying Reports and Graphs
QuickBooks Pro Module 3
Bookkeeping Basics
- Invoicing Customers
- Recording Sales Receipts and Credit Memos
- Paying Vendors
- Paying Bills
- Tracking Inventory and Items
- Managing Cash and Bank Accounts
- Reconciling Bank Accounts
- Setting Up Payroll
- Paying Employees
QuickBooks Pro Module 4
Accounting Chores
- Working with QuickBooks Journal Entries
- Reviewing the Accountant and Tax Reports
- Preparing Financial Statements and Reports
- Preparing a Budget
- Using Activity-Based Costing
- Setting Up Project and Job Costing Systems
QuickBooks Pro Module 5
Financial Management
- Ratio Analysis
- Liquidity and Leverage Ratios
- Activity and Profitability Ratios
- Economic Value-Added Analysis
- Capital Budgeting
- Measuring Liquidity
- Thinking About Risk
QuickBooks Pro Module 6
Business Plans
- Profit-Volume-Cost Analysis
- Calculating Break-Event Points
- Creating a Business Forecast
- Reviewing Financial Statements and Ratios
- Using the Business Plan Workbook
- Writing a Business Plan
- Strategic Plans
QuickBooks Pro Module 7
Administering QuickBooks and Protecting Data
- Keeping Data Confidential
- Using Audit Trails
- Simultaneous Multiuser Access
- Backing Up the QuickBooks Data File
- Restoring a QuickBooks Data File
- Condensing the QuickBooks Company Files
- Troubleshooting
**Outlines are subject to change, as courses and materials are updated.**
Start Your Own Business
Start Your Own Business Module 1
Entrepreneurs and Entrepreneurship
- Defining Entrepreneurship
- Free-Enterprise System
- What is a Small Business?
- Paths to Enterprise Ownership
- Benefits and Costs of Becoming an Entrepreneur
- Lean Startup Methodology
- What is a Business Plan?
- Business Plan Components
Start Your Own Business Module 2
Creating Business and Exploring Your Market
- What Defines a Business?
- Business Opportunity Decision Process
- Your Competitive Advantage
- Determining the Value of a Business
- Product Life Cycle
- Customer Research
- Segment and Industry Research
- Market Positioning
Start Your Own Business Module 3
Marketing Mix and Smart Selling
- The Marketing Mix
- Product, Price, Place, Promotion
- Advertising and Sales Promotion
- Publicity Potential
- Developing a Marketing Plan
- Sales Call
- Creating a Sales Force
- Customer Relationship Management Systems
Start Your Own Business Module 4
Costs and Financial Statements
- Start-Up Investment
- Estimate Value
- Fixed and Variable Costs
- Calculating Critical Costs
- Income Statements
- The Balance Sheet
- Financial Ratio Analysis
- Balance Sheet Analysis
Start Your Own Business Module 5
Cash Flow, Taxes, and Financing Strategies
- Cash Flow
- Working Capital Cycle
- Using a Cash Flow Statement
- Capital Budgeting
- Gifts and Grants
- Debit and Equity Financing
- Investing
Start Your Own Business Module 6
Legal Issues and Operating for Success
- Business Legal Structures
- Contracts
- Commercial Law
- Intellectual Property
- Protecting Tangible Assets
- Licenses, Permits, and Certificates
- Production-Distribution Chain
- Supply Chain Management
- Defining Quality
Start Your Own Business Module 7
Management, Leadership, Financing, Licensing
- The Entrepreneur as Leader
- Business Management
- Creating and Managing Organizational Culture
- Ethical Leadership
- Social Responsibility and Ethics
- Focus Your Brand
- Harvesting and Exiting Options
- Creating Wealth by Selling a Profitable Business
**Outlines are subject to change, as courses and materials are updated.**
All course materials included.
Upon successful completion of our Professional Bookkeeping course, students will be prepared, in part, to sit for the American Institute of Professional Bookkeeper's (AIPB) Certified Bookkeeper exam. Candidates must also submit proof of at least two years of full time or 3,000 hours of part-time work experience before or after taking the exam. Candidates have 3 years from the exam date to fulfill this requirement.
Note: This course is not affiliated with, nor has it been endorsed by the American Institute of Professional Bookkeepers.
Internet Connection
- Broadband or High-Speed - DSL, Cable, and Wireless Connections
*Dial-Up internet connections will result in a diminished online experience. Classroom pages may load slowly and viewing large audio and video files may not be possible.
Hardware Requirements
- Processor - 2GHz Processor or Higher
- Memory - 1 GB RAM Minimum Recommended
PC Software Requirements
- Operating Systems - Windows 7 or higher
- Microsoft Office 2013 or higher. Also, you could use a general Word Processing application to save and open Microsoft Office formats (.doc, .docx, .xls, .xlsx, .ppt, .pptx)
- Internet Browsers - Google Chrome is highly recommended
- Cookies MUST be enabled
- Pop-ups MUST be allowed (Pop-up Blocker disabled)
- The Kindle Reader App or VitalSource Bookshelf App are needed for many of our courses (No special equipment needed. This can be downloaded for FREE onto your computer.)
- PowerPoint Viewer (if you do not have PowerPoint)
- Adobe PDF Reader
- QuickTime, Windows Media Player &/or Real Player
MAC Software Requirements
- Operating Systems - Mac OS x 10 or higher with Windows
- Mac office programs or a Word Processing application to save and open Microsoft Office formats (.doc, .docx, .xls, .xlsx, .ppt, .pptx)
- Internet Browsers- Google Chrome is highly recommended
- Cookies MUST be enabled
- Pop-ups MUST be allowed (Pop-up Blocker disabled)
- The Kindle Reader App or VitalSource Bookshelf App are needed for many of our courses (No special equipment needed. This can be downloaded for FREE onto your computer.)
- PowerPoint Viewer (if you do not have PowerPoint)
- Adobe PDF Reader
- Apple QuickTime Media Player