Students will learn about payroll, accounts receivable, accounts payable, updating inventory, banking transactions, and updating of linked accounts and QuickBooks.
Duration: 30 Hrs.
SAQ 101: Introduction to Simply Accounting
A brief discussion and uses of Simply Accounting and discussion on all the topics to be covered in the whole training process.
SAQ 102: How to create New Company
Setting up payrolls defaults, entering employee information, as Personal. Taxes, Income, Deductions, WCB, Entitlements. Modify data, direct deposit option and bank account in which pay to be deposited.
SAQ 103: Account Balances
To enter and prepare invoices of customers, view the customers, receive payments, how to check balances and its effect on inventory.
SAQ 104: Vendor Business Information
Entering vendor/business information: address, phone etc. , modification in data, preparing invoices of vendors and preparing cheques .Also how to take reports from required report centres, printing and editing.
SAQ 105: Inventory
Entering items information and costs of goods sold, opening quantity and values. Recording of expenses and how simply accounting keeps track of and reminds you about unpaid balanced bills.
SAQ 106: Reports
How to make reports as deductions made form wages of employees to be sent to Rev. Canada, PST, and GST, Profit and loss accounts .How to secure reports, take back up and restore data.
SAQ 107: Reconciling Data
To link different accounts with main cash book and bank statements. How to reconcile bank statements and make pay roll reports, vendor reports and customer reports.
QBT 101: Introduction to QuickBooks
What is the need and uses of QuickBooks accounting package. How to switch on from other packages to QuickBooks Accounting. What are linked accounts and its importance in QuickBooks Accounting.
QBT 102: Payroll
How to enter employee information – taxes, income, deductions, WCB, entitlements, modifying data, preparing pay stubs. What is salary, EI, Federal tax, CPP, T4; as well as how they are entered and issued.
QBT 103: Recordkeeping and Invoices
How to keep record of items, modify item record and link them to accounts. Checking of accounts to ensure that account and balance are correctly entered. How to enter and prepare invoices of customers, receive payments and how to check the balance and its effect on inventory.
QBT 104: Vendor Business Information/Invoices:
Enter vendor address, phone etc., modification in data, entering balances, preparation of invoices and cheques. To check balances or outstanding payment to be made to vendors. How to enter the items or how to keep track of record obtained from vendors.
QBT 105: Inventory
Entering information and COGS account; opening quantity and values; historical opening balances and print summary of reports for each asset account (if any) and recording of expenses.
QBT 106: Payments
How to check payments record against invoice issued to the customers. Payments received and recorded through Bank Column in QuickBooks. How to send reminders to customers for timely payment and unpaid bills for specified period.
QBT 107: Reports
How all reports are prepared in report column as Accountants reports, GST, PST, HST, PDF&, Profit and Loss accounts, WCB. How to reconcile these reports with bank and also transaction effects on our main accounting journal entries and bank entries.
Accounts Payable Clerk
Marketing Office Assistant
Junior Accountant Assistant
Office Administrator-Finance Support