Basic Accounting with QuickBooks®
SBX 7439
Course Hours:  5

Objectives:
Upon successful completion of this course, the participant will be able to:
   
    -  Create a chart of accounts
   
    -  Enter bills and checks
 
    -  Record invoices
3
    -  Gain a working knowledge of key financial reports

Content:
    1.    Establishing a Chart of Accounts

             -  asset
             -  current liability
             -  other asset
             -  long term liability, and equity
             -  Learn why it is so important to set up the chart of
                accounts correctly.

      2.    Understanding the debits and credits of accounting
             through doing transactions:
              -  bills
              -  checks
              -  invoices 
 

     3.    Understanding A-L=E formula and how to arrive at it

             -  Cash vs. accrual method?
             -  Job costing
             -  Understanding the balance sheet and P&L                    
             -  What does it mean asset – liabilities = equity.      
             -  Journal reports