My Skill Lab
AccountingIntermediate

QuickBooks Online Advanced

Inventory, payroll, projects, classes and clean month-end in QBO.

Taught by Manisha Bhattarai · ACCA, Finance Manager

What you'll learn

  • Set up inventory items, purchase orders and stock adjustments so inventory asset and cost of sales are always right
  • Configure sales tax or VAT, apply the correct codes and file returns from the tax centre with adjustments recorded properly
  • Post payroll journals from QuickBooks Payroll or an external provider and reconcile every payroll liability account
  • Use projects, classes and locations to report profit by job, department or branch
  • Build budgets, run budget versus actual reports and assemble a monthly management pack
  • Diagnose and clean up messy books: uncategorised balances, duplicates, negative inventory and stale holding accounts

About this course

This intermediate QuickBooks Online course is for bookkeepers, accounting technicians and finance staff who already handle invoices, bills and bank feeds and now need to run the harder parts of a company file. You will track inventory with purchase orders and stock adjustments, set up and file sales tax or VAT correctly, post and reconcile payroll from QuickBooks Payroll or a third-party provider, use projects, classes and locations to report profitability, build budgets and management report packs, and diagnose and repair messy books using the audit log and reclassification tools. Every lesson uses the QuickBooks Online Plus or Advanced feature set and ends with a repeatable month-end routine. You should be comfortable with basic double-entry and everyday QuickBooks tasks before starting. Independent training material, not affiliated with or endorsed by Intuit.

Course content

6 lessons
  1. 1Inventory: Items, Purchase Orders and Stock AdjustmentsTrack quantity on hand and cost of sales with inventory items, purchase orders and adjustments on the Plus plan.Preview
  2. 2Sales Tax and VAT Done ProperlySet up the tax centre, apply the right codes on every line, and file returns with adjustments recorded correctly.
  3. 3Payroll Integration and Payroll JournalsBring payroll into the books correctly whether you use QuickBooks Payroll or an outside provider, then reconcile the liabilities.
  4. 4Projects, Classes and LocationsTag transactions so QuickBooks can report profit by job, department or branch without a separate spreadsheet.
  5. 5Budgets, Custom Reports and the Management PackLoad a budget, compare it with actuals, and assemble a monthly report pack managers will actually read.
  6. 6Cleaning Up Messy BooksDiagnose the classic symptoms of a neglected file and repair them in the right order using the audit log and reclassify tools.