ACCT 2110 Quickbooks Accounting

This course offers an introduction to accounting software and its practical application within the accounting cycle. The student will receive hands-on training in setting up initial accounting records for a business using the software, recording a variety of accounting transactions, producing reports, reconciling accounts, and closing the books for end of the fiscal year. (1 lect., 2 lab) IT

Credits

2 credits

Transfer Status

Transferable to UW

Major Topics

Setting up QuickBooks
Chart of accounts
Customers and sales
Vendors, purchases, and inventory
Employees and payroll
Reports and graphs
New company setup
Closing the books for the fiscal period

Outcomes

In order to successfully complete this course, the student will:

1. Demonstrate a basic understanding of how QuickBooks functions.

2. Prepare a chart of accounts for a new company.

3. Construct a payroll system.

4. Record transactions relating to payables and receivables.

5. Implement accounting functions for a new company.

6. Record accounting transactions using source documents.

7. Create reports and financial statements.

8. Apply corrections once errors have been identified.