Quickbooks desktop certification pro#

Enter unpaid bills for accounts payable.Changing Inventory and Service Item Data.Record account opening balance with a journal entry.Add accounts and subaccounts to your chart of accounts.Understanding Accounting Centre and External Accountant.The following topics will be covered: Module 1 - Company Setup Simple reports that are created by QuickBooks can be used when applying for loans at financial institutions.Bills can be paid when they are due and customers can be reminded when their invoices are due. Cash flow can be better managed on QuickBooks.A high cost in one month from one vehicle might suggest that employees may be using for personal use. Fuel account can have subaccounts that allow you to track fuel consumption by vehicle. Expenses can be tracked and workers can be managed better.Customise the chart of accounts for your company based on the industry it falls under.Compute accurate vat figures for a period in a matter of minutes to fill out vat returns.While there are no prerequisites, it would be useful if the learners are computer literate.These records can be taken to the bank when applying for loans or opening accounts and the records can give you accurate figures for the filing of tax returns, making it easier for you to be tax compliant. Financial statements (Balance Sheet, Profit and Loss Statements etc.).Outstanding accounts payables and receivables.Enter timesheet for employees or contractorДЇrom your records you can now generate reports to see the financial standing of your business.Keep track of all your payments and receipts.

Quickbooks desktop certification pro#

QuickBooks Desktop Pro 2018 allows you to perform the following functions in one location: QuickBooks Desktop Pro 2018 is designed to help small and medium sized businesses to manage all their accounting needs in one place, without any formal accounting knowledge. Lack of proper record keeping will make it difficult to contest such estimates. Failure to do so can result in penalties and Board of Inland Revenue can estimate the taxes that were liable.

When filing for taxes it is therefore imperative that accurate figures be used when computing the taxes that are liable. Business records must be kept for a period of six years and Board of Inland Revenue can request that those records be presented for audit by their officers. Businesses must pay VAT, Corporation Tax, Business Levy, Green Fund Levy, and other Miscellaneous Taxes. All businesses registered in Trinidad and Tobago are required by law to keep proper accounting records for the purpose of filing tax returns.