Quickbooks Online Bookkeeping & Accounting 2025 Masterclass

Beginner to Pro in QuickBooks Online Bookkeeping & Accounting with Chartered Accountant & QBO Advanced Pro Advisor

What you'll learn

QuickBooks Set up from Scratch

Accounting for Income and Sales

Accounting for Expenses and payments

Bank Reconciliation

Maintaining QuickBooks - Superuser role

Accounting for Fixed Assets and Depreciation

Accounting for Inventory

Requirements

To sign up the a month free trial of QuickBooks, a credit card will be required.

Students sign up for a 12 month free trial, provided they have an email address associated with an educational establishment.

No previous knowledge required.

Description

Master the art of modern bookkeeping and accounting using QuickBooks Online (QBO) — the world’s leading cloud-based accounting solution for small and medium-sized businesses.Whether you're a business owner, accountant, student, or aspiring bookkeeper, this course guides you step by step — from the absolute basics to advanced reporting and automation — all delivered in a practical, easy-to-understand, and jargon-free style.Led by a Chartered Accountant and QBO Advanced ProAdvisor, you won’t just learn how to use QBO — you’ll also gain the accounting insight behind each step, helping you build true confidence in managing books professionally.What You’ll LearnSetting up QuickBooks Online the right way for any businessRecording and managing invoices, bills, income, and expensesHandling bank feeds, reconciliation, and cash flowTracking inventory, fixed assets, prepayments, and accrualsUnderstanding and applying VAT / GST / Sales Tax across countriesAutomating workflows: recurring entries, bank rules, and reportsCustomizing Chart of Accounts, Classes, Locations, Tags, and FieldsHandling accrual vs. cash basis, depreciation, adjustments, and year-end entriesCreating and analyzing key reports: Profit & Loss, Balance Sheet, Trial BalanceBest practices for audit-ready bookkeeping and financial clarityWho This Course Is ForBeginners looking to master QuickBooks Online from scratchAccountants and bookkeepers adopting cloud accounting toolsSmall business owners wanting to take control of their financesStudents of accounting or finance seeking practical, real-world skillsAnyone preparing for QuickBooks Online CertificationGlobal & Practical CoverageIncludes tailored guidance for different countries— covering local tax rules and real-world workflows to suit your region or your clients’.By the end of this course, you'll have the technical skills, real-world context, and accounting mindset to confidently manage books using QuickBooks Online — 2025 and beyond.

Overview

Section 1: Up and running with QuickBooks Online

Lecture 1 Signing up QuickBooks Online

Lecture 2 Setting up QuickBooks Online

Lecture 3 Navigating QuickBooks Online

Lecture 4 Customizing Chart of Accounts

Section 2: Recording Money in, Money out, and Transfer between

Lecture 5 Important Note on Currency

Lecture 6 Recording Money In

Lecture 7 Finding, Editing, Deleting our transaction

Lecture 8 Looking the transaction impact in the Reports

Lecture 9 Revising key terms that we have seeen

Lecture 10 Recording Transfer Between Accounts

Lecture 11 Recording Money Out

Lecture 12 Homework: Receive Money, Transfer between accounts, spend money

Lecture 13 Homework answers

Section 3: Reconciling the banks

Lecture 14 Introduction to reconciliations

Lecture 15 Uploading the Bank Statement

Lecture 16 Matching & Adding Bank Statement lines

Lecture 17 Reconcile Bank Accounts

Lecture 18 Reconciling the 'Cash in Hand'

Lecture 19 Homework: Reconcile HSBC

Lecture 20 Manually mark any line as C or R

Lecture 21 More Reconciliation features

Lecture 22 Once Reconciled - Close the books

Section 4: Expenses and Payables

Lecture 23 First, lets apply default VAT to 'No VAT'

Lecture 24 Revision to the 'Recording Expense'

Lecture 25 Recording a Bill

Lecture 26 See the impact of Bill on Reports

Lecture 27 Paying the bill

Lecture 28 Homework: Record Expense and Bills

Lecture 29 Homework Answers

Lecture 30 Recording Reversal of Expenses (Refund)

Lecture 31 Homework - Refund of bill payment

Lecture 32 Homework answers

Lecture 33 Supplier Credit

Lecture 34 Recording Refund to be received in the future

Section 5: Sales & Receivables

Lecture 35 Customizing Dashboard

Lecture 36 Record Cash Sales

Lecture 37 Recording Credit Sales and Issuing Invoice

Lecture 38 Recording Payment received against the invoice

Lecture 39 Homework: Record an invoice

Lecture 40 Homework answers

Lecture 41 Automating invoice reminders

Lecture 42 Notes for next lecture

Lecture 43 Sales Return - overview

Lecture 44 Refunding for Sales Return - Refund Receipt

Lecture 45 Sales Return and Credit Note

Lecture 46 Delayed Credit

Lecture 47 Using Credit Note for Credit

Lecture 48 Delayed Charge for invoicing later

Lecture 49 Delayed charge or Draft Invoice

Lecture 50 Sending Statements to the Customers

Lecture 51 Sharing Estimate (Quotation) from QBO

Section 6: Products, Services, and Inventory

Lecture 52 Introduction to Product and Services in QBO

Lecture 53 Creating a Service Item

Lecture 54 Creating a non-stock item

Lecture 55 Creating Stock Item

Lecture 56 Recording Buying and Selling of Inventory

Lecture 57 Inventory Valuation in QBO

Lecture 58 Understanding Inventory Valuation Fundamentals

Lecture 59 FIFO in Action in QBO

Lecture 60 Sales/Purchase/Profitability by Product

Lecture 61 Recording Stock Damage or Expiry or Theft

Lecture 62 Accountants only lecture: Lower of Cost or NRV Adjustment

Lecture 63 Products and Services 'Bundles'

Section 7: Sales tax/GST & VAT

Lecture 64 Introduction

Lecture 65 Instructions for USA learners

Lecture 66 Recording GST on Purchases and Expenses

Lecture 67 VAT on Income and Sales

Lecture 68 Cash vs Accrual Scheme of VAT

Lecture 69 Recording VAT from Bank Statement lines

Lecture 70 Setting up for the VAT Return

Lecture 71 Adding New Tax Rates

Lecture 72 Filing the VAT return and making the payment

Lecture 73 Note for the next two lectures

Lecture 74 GST + PST

Lecture 75 Custom Tax

Lecture 76 Note for US students

Lecture 77 Sales tax in the USA - Introduction

Lecture 78 Setting up Sales tax in QBO USA

Lecture 79 Applying Sales tax on Invoice and seeing Reports

Section 8: Tracking and enhanced Reporting

Lecture 80 Introduction

Lecture 81 Setting up Locations and Classes

Lecture 82 Entering data against the locations/classes and filtering on Reports

Lecture 83 Using Location and Class field for other tracking options

Lecture 84 Adding and Using Custom Fields

Lecture 85 Tracking with Tags

Section 9: Accounting for Accruals & Prepayments

Lecture 86 Accounting for Prepayments

Lecture 87 Automating the Monthly Entry

Lecture 88 Accounting for Accruals

Section 10: Accounting for Fixed Assets

Lecture 89 Introduction

Lecture 90 Fixed Assets & Depreciation Module in QBO

Lecture 91 Getting QBO ready - Adding Ledgers

Lecture 92 Adding Asset to QBO

Lecture 93 Adding Depreciation to QBO

Lecture 94 Automating Depreciation entry

Lecture 95 Fixed Assets Module - QBO USA Advanced

Lecture 96 Adding Assets backdated - Fixed Asset module

Business owners and managers,Freelancers,Accountants & Bookkeepers,Accounting students