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Recommended Prerequisites:
No previous QuickBooks experience is required

Version:
QuickBooks Pro 2009 (Canadian Version)

Course length:
Introductory Price! 90 minutes

Cost:
$59.95 + GST

Materials:
Each course includes a step-by-step guide of the subjects taught to help students successfully implement what they learned.

QuickBooks Set Up: Migrating Existing Company Data Into QuickBooks

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If you are migrating to QuickBooks from another system – either manual or computer-based – this course will teach you the basics of setting up a company in QuickBooks.

This course shows you how to create a new company file, and then discusses some of the company and personal preferences available in QuickBooks. Learn how to set up and modify a Chart of Accounts and perform the critical function of entering account, customer and vendor opening balances.

To ensure that your accounting system is secure, this course will also teach you how to add users and set up access privileges for each. Finally, you will learn how to run a selection of QuickBooks reports.

Learning Outcomes

Students who complete this course will know how to:

  • Collect the data needed to set up their company in QuickBooks
  • Create a new company file in QuickBooks
  • Determine the start date for their company file
  • Understand and customize some of the personal and company preferences
  • Add users and passwords
  • Assign access rights to all or selected areas of QuickBooks for each user
  • Set up and use the various account types that can be entered in the Chart of Accounts
  • Add and manage accounts in the Chart of Accounts
  • Enter a journal entry to record opening balances
  • Print the Account Listing and other selected reports 

Why You Need This Course

Moving from another accounting system to QuickBooks requires detailed knowledge of system setup, including how to determine the start date and enter opening balances.

For existing companies, you need to determine the best start date. Selecting a date close to the current date means less data entry, but also less detail on historical transactions. Selecting an earlier date means more work entering historical transactions, but greater historical detail in your QuickBooks reports. There are many factors that go into selecting a start date, including how far you are into the fiscal year, the first month of your fiscal year and whether your previous system can provide closing balances as of today’s date. This course will help you decide how to select the start date for your business.

Opening balance amounts are also part of the setup of your QuickBooks file. This course will show you how to enter the account, customer and vendor opening balances.

Additional subjects covered in this course include user management and access rights, and generating reports from your QuickBooks system.

Disclaimer:

Since these courses do not deal directly with specific and individual requirements, it is recommended that students obtain the necessary advice from an accountant, employer, QuickBooks® ProAdvisor® or such other appropriate expert with regards to their specific requirements or guidelines.