The purpose of this course is to provide an extensive knowledge and skills of the most popular accounting software packages such as Simply Accounting, QuickBooks, and ACCPAC. This training program aims to transform accounting techniques and concepts into skills and tools needed by accounting staff.
Program participants will be trained to improve effectiveness and efficiencies of organizations, sell new ideas, and implement realistic systems. The program is also useful for those wanting to develop their own financial tool kits to complement their existing accounting skills.
Accounting clerk career is for you if you…
— have an aptitude for numbers
— have excellent work habits
— are punctual in meeting deadlines
— have good oral and written communication skills
— want to work in an excellent working environment
— want a variety of career paths
— want to work in a rapidly changing business environment
Program details
Orientation
Introduction of the Accounting Function and the Recording Process
Adjusting the Accounts and Completion of the Accounting Cycle
Accounting for Merchandising operations And pay roll
Quick books –Sales and Invoices
Quick Books —Bank Accounts and Inventory
Quick books other functions
Simply Accounting –General Ledger
Simply Accounting— Accounts Payable
Simply Accounting—Accounts Receivable and Payroll
ACCPAC—- General Ledger
ACCPAC—-Accounts Payable
ACCPAC—-Accounts Receivable
Placement
Course Outline:Module 1 OrientationModule 2. Introduction of the Accounting Function and the Recording Process
Principle of Canadian accounting and bookkeeping system
Explain the meaning of GAAP and the Basic Assumptions
Distinguishing between bookkeeping and accounting
Transaction analysis
Define debits and credits and explain how they are used to record business transactions
Identify the basic steps in the recording process
Record transactions in journal (daily transaction )
Post General Journal to General ledger accounts
Prepare a trial balance of book and explain its purposes
Module 3. Adjusting the Accounts
Explain the time period assumption
Distinguish between the Cash Basis accounting and Accrual Basis accounting
Explain why adjusting entries are needed
Explain the major types of adjusting entries Prepare the adjusting entry and explain the nature and purpose of an adjusted trial balance
Prepare closing entries
Describe the content and purpose of a post-closing trial balance
State the steps in the accounting cycle
Prepare a classified financial statement
Module 4. Accounting for Merchandising Operations and Payroll
Merchandising operation
Recoding purchases of merchandise
Purchase returns and allowance
Recoding sales of merchandise
Sales return and allowances and discount
Summary of merchandising entries
Internal control over cash receipts
Internal control over cash disbursements
Making bank deposit
Bank statements
Reconciling the bank account
Explain Canadian payroll system
Determining employee gross earnings and employer payroll cost
Explain and calculate payroll deductions
Prepare payroll journal entry
Module 5 Quick books –Sales and Invoices
Introducing QuickBooks
Setting up a new company
Entering company info
Setting up QuickBooks preferences
Choosing a start date
Creating income and expense accounts
Providing details about your income
Entering opening balances
Getting help while using QuickBooks
Using QuickBooks lists
Editing the chart of accounts
Working with the Customer Job list
Working with the Vendor list
Working with the Employee list
Generating Invoices
Editing invoices
Printing a batch of invoices
Memorizing invoice or other types of transactions
Entering a new service item
Entering credit memos
Issuing refunds
Handling bills
Managing credit card transactions
Editing bills
Printing a bill or a batch of bills
Paying bills
Module 6. Quick Books —Bank Accounts and Inventory
Writing checks
Using bank account registers
Making deposits
Transferring money between accounts
Reconciling checking accounts
Turning on the inventory feature
Entering products into inventory
Ordering products
Receiving Inventory
Entering a bill for inventory
Manually adjusting inventory after actual inventory count
Determine inventory shrinkage and adjusting entries
Module 7 Quick Books Other Functions
Overview of payroll tracking
Setting up for payroll
Setting up employee payroll information
Writing a paycheck
Tracking your tax liabilities
Paying payroll taxes
Tracking and paying sales tax
Creating an invoice from an estimate
Tracking time
Customizing forms
Creating and customizing preset reports
Module 8. Simply Accounting –General Ledger
Introduction Simply Accounting
Setting up a new company
Enter company information in system
Choose a Typical set of accounts for business
Create Chart of accounts
Set up bank accounts
Set up linked accounts
Set up accounts for reconciliation
Check chart of accounts
Set up sales taxes
Set up payroll options
Enter payment options for vendors and customers
Set display preference
Add Credit-card Accounts
Select inventory options
Add accounts keep track of inventory and service items
Make a List of the items and services
Create and maintain price lists
Assemble items form components
Module 9. Simply Accounting— Accounts Payable
Setting Up options for vendors and purchases
Adding Vendors
Entering a purchases
Editing Taxes
Ordering Goods and Service
Prepaid Orders
Paying for goods and service
Correcting or canceling purchase invoice
Correcting or canceling payments to vendors
Correcting or canceling prepayments
Paying credit–card bills
Paying other bills
Module 10. Simply Accounting—Accounts Receivable and Payroll
Setting up options for customers and sales
Adding basic customer information
Entering a sales
Editing taxes
Prepaid orders
Receiving payment for goods and services
Correcting or canceling sales invoice
Correcting or canceling payments form customers
Accepting a customer return
Checking your payroll options
Adding employees
Paying individual employees
Paying a group of employees with a payroll check run
Paying out vacation time
Module 11. ACCPAC-General Ledger
Setting up the system database
Defining the company profile
Setting up general ledger options
Setting up G/L account structures
Adding the general ledger accounts
Modifying an charter account
Set general ledger to ready
Processing a general ledger batch
Printing a beginning trial balance
Module 12. Accounts Payable For ACCPAC
Adding tax classes
Activating the accounts payable ledger
Defining the company profile and A/P options
A/P background information
Creating vendor records
Process vendor invoices ,debit notes and credit notes
Vendor tax
Posting Batch
Printing an invoice posting journal
Processing adjustments, using the adjustment function
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