*** This is an On-Demand (self-study format) course with 180-Day access available 24/7 online ***
Learn at your own pace – anytime, anywhere. This On-Demand course gives you the flexibility to study on your schedule with the ability to review and revisit materials as needed during the course access period.
(Applicable State and Local taxes may be added for On-Demand purchases, depending on your location.)
Note: The 180-day course access period begins at time of purchase.
VERSION NOTE:
This course is for QuickBooks ONLINE users in which the software is accessed via the cloud.
QuickBooks Desktop, on the other hand, is installed directly on the computer with other differences. If you are using QuickBooks Desktop you should instead consider:
QuickBooks Desktop On-Demand Comprehensive (Introduction & Beyond the Basics)
.
About this Course
This self-paced, on-demand course covers the same content as the 3-day QuickBooks Online Level 1: Fundamentals Track (ILT) class. Accessible 24/7 from any internet-connected device, this course is designed to provide a flexible and engaging learning experience.
Included in this course:
• Knowledge Blocks – Digital reading materials to support and reinforce key concepts
• Lab PDF’s – Downloadable and printable lab instructions to follow along with video demonstrations
• Hands-On labs – Step-by-step video labs to guide you through completing real-world projects
• Course Completion Certificate – Printable upon successful completion of all course requirements
Course Overview
This 3-day class is perfect for learners who are new to both accounting and QuickBooks Online. You will gain confidence in financial basics—like accounts, transactions, and reconciliation and complete hands-on activities. The course provides plain-language and a working knowledge of how to manage your books, from setup to reporting.
Target Student
This course is ideal for Beginners who need more practice, administrative staff, new business owners, or those taking on bookkeeping duties for the first time.
Prerequisites
• Basic proficiency in the Windows operating system and browsing online
• Basic understanding of accounting practices.
What You Need to Take This Training
- Reliable internet connection and modem
- Modern web browser (Chrome recommended)
- Multiple monitors recommended
- Printer (optional)
Prefer a Live, Instructor-led (ILT) Class Format?
We offer this same course as live, instructor-led (ILT) training. For details see `
QuickBooks Online Level 1: Fundamentals Track
COURSE OUTLINE
Getting Started with QuickBooks Online
Introducing QuickBooks Online
QuickBooks Online Subscriptions
Mobile Devices
Updates and the Ever-Evolving User Interface
Security
The Test Drive
Other Tools You’ll Need
Navigating the User Interface
The Gear Menu
The Top-Right Navigation Tools
The Help Menu
The Navigation Bar
Accounting—Behind the Scenes
Generally Accepted Accounting Principles (GAAP)
GAAP
Accrual Basis vs. Cash Basis Accounting
Account Types and Financial Reports
Working with Company Accounts and Settings
Planning Your Company Settings
Picking a Start Date for Your Data
Setup Checklist—Elements of the Plan
Customizing Your Company Settings
The Chart of Accounts
Adding a Bank Account to the Chart of Accounts
Adding a Credit Card to the Chart of Accounts
Adding and Editing Products and Services
Adding and Managing Users update md
Opening Balances and Historical Transactions
Pre-fill Forms with Previously Entered Content
Automatically Apply Credits
Automatically Invoice Unbilled Activity
Currency Selection
Warn if Duplicate Check Number Used
Warn if Duplicate Bill Number Used
Automatically Apply Bill Payments
Working with Customers
The Customer Hub
Adding, Editing and Merging Customers
Importing Customers from an Excel or CSV File
Making Customers Inactive
Recording Sales Transactions
Adding an Invoice for a Customer
Enabling and Adding Price Rules
Using a Price Rule on a Sales Transaction
Receiving Customer Payments
Recording a Bank Deposit
Creating Customer and Sales Reports
Correcting Errors
Working with Vendors
The Expenses & Bills Hub
The Money Bar
The Vendors List
Adding and Editing Vendors
Importing Vendor Data from an Excel or CSV File
Merging and Making Vendors Inactive
Creating Vendor Transactions: Purchases and Expenses
Entering Checks and Expenses
Managing Accounts Payable
Entering and Paying Bills
Accounts Payable Reports
Other Vendor Reports
Banking and Credit Card Transactions
Managing Bank Transactions
Matching Bank Transactions to QuickBooks Online Transactions
Matching Recognized, Partially Recognized and Unrecognized Transactions
Managing Bank Rules
Other Bank Feed Transactions
Reconciling Accounts
Managing Inventory
Enabling Tracking
Inventory Items and the Products and Services List
Adding and Using an Inventory Item
Inventory Adjustments
Inventory Reports
Purchase Orders
Overview of Purchase Orders in QuickBooks Online
Creating and Managing Purchase Orders
Using a Posting Transaction to Receive a Purchase Order
Purchase Order Reports
Credits, Returns, Taxes and Refunds
Vendor Credits and Returns
Customer Returns and Credits
Customer Credit Memos
The Sales Tax Hub
Sales Tax Liability Reports
Working with Balance Sheet Accounts and Budgets
Fixed Assets and Lon Term Liabilities
Journal Entries and Recurring Transactions
Depreciating an Asset with a Journal Entry
Transferring Funds Between Accounts
Handling Uncollectible Receivables/Bad Debts
Handling Bounced/Returned Checks
Budgets in QuickBooks Online
Extending Capabilities in QuickBooks Online
Customizing Reports in QuickBooks Online
Scheduling Reports to Send Email
Adding a Custom Field in QuickBooks Online
Keyboard Shortcuts
Extending Capabilities with Apps
The QuickBooks Community
Tacking Your Financials with Class and Location Tracking
Enabling and Adding Classes to QuickBooks Online
Using a Class on a Transaction
Running the Profit and Loss by Class Report
Enabling and Adding Locations to QuickBooks Online
Assigning a Location to a Transaction
Project Tracking
Completing the Accounting Cycle
Completing the Accounting Cycle
Using the Trial Balance Report
Using Journal Entries to Make Financial Adjustments
Adjusting Inventory Asset Value with a Journal Entry
Running the Balance Sheet and Profit and Loss Reports
Closing the Books
The Audit Log in QuickBooks Online