Advanced QuickBooks Online Plus Training

Topic 1: Working with Multicurrency

• Turning on Multicurrency setting
• Setting up Home Currency
• Transacting in multicurrency
• Realized/unrealized Exchange Loss or Gain
• QBO Currencies and Exchange Rates
• Over-riding exchange rates per transaction
• Currency Revaluation
• Report customization with multi-currency

Topic 2: Project Management

• Setting up Projects
• Sub customers or Projects
• Locations, Class - Workaround
• Items Setup for Job Costing – 2 Sided (Sales and Purchases)
• Estimates, Purchase Orders, Invoices, Bills relating to Project
• Billable Items and Expenses
• Project Budgets & Reports

Topic 3: Working with Budgets

• Setting up Budgets - Yearly, Quarterly, Monthly
• Prefilling budgets from previous year actual numbers
• Subdivision by Customers
• Budget Vs Actual Reports & Review

Topic 4 Bank Reconciliation & Locating Discrepancies

• Connecting Banks (Only an overview due to sensitivity to show real-time connection to a corporate account)
• Uploading Bank Statements Manually
• Verifying, adding and posting bank transactions from statements
• Bank Reconciliation 
• Closing accounting periods and managing secured passwords
• Changing entries in the closed period
• Locating discrepancies in previous reconciled periods
• Audit Log

Topic 5 Payroll Management

• Setting up Payroll and Employees
• Timesheets – Weekly/Daily
• Integration with Payroll Apps

Topic 6 Fixed Assets and Depreciation

• Creating Fixed Assets Account – at Cost
• Creating Accumulated Depreciation Accounts
• Categorizing assets
• Creating opening balances
• Posting Depreciation entries
• Hire Purchase agreements and treatment
• Transfer and Disposal of fixed assets
• Balance Sheet Reports and Review – Fixed Assets

Topic 7 Advanced QuickBooks Reports Customizations

• Running Management Reports from the wizard – P&L, Balance Sheet, Ageing Schedule, Supporting Schedules for Income Statement and Balance Sheet
• Customizing Reports
• Customizing Columns and fields
• Saving Customizations
• Scheduled Reports
• Sharing Reports

Topic 9: GST Tax Return

• Handling GST Tax Return

Prerequisite:

This is an intermediate course. Basic knowledge on Quickbooks and Accounting are assumed.

Software Requirement

Quickbooks Online account (https://quickbooks.intuit.com/sg/pricing/)

HRDF Funding

Please refer to this video https://youtu.be/Kzpd-V1F9Xs

1-     HRD Corp Grant Helper

How to submit grant applications for HRD Corp Claimable Courses

2-     Employers are required to apply for the grant at least one week before training commences.

Employers must submit their applications with supporting documents, including invoices/quotations, trainer profiles, training schedule and course content.

3-     First, Login to Employer’s e-TRIS account -https://etris.hrdcorp.gov.my

Second, Click Application

4-     Click Grant on the left side under Applications

5-     Click Apply Grant on the left side under Applications

6-     Click Apply

7-     Choose a Scheme Code and select HRD Corp Claimable Courses: Skim Bantuan Latihan Khas. Then, click Apply

8-     Scheme Code represents all types of training that suit the requirements provided by HRD Corp. Below are the list of schemes offered by HRD Corp:

9-     Select your Immediate Officer and click Next

10-  Select a Training Provider, then click Next

11-  Please select a training programme from the list, then key in all the required details and click Next

Select your desired training programme.

Give an explanation on why the participant is required to attend the training. E.g., related to their tasks/ career development, etc.

Explain the background and objective of this training.

Select a relevant focus area. For Employer-Specific Courses, select ‘Not Applicable’.

12-  If the training programme is a micro-credential programme, you are required to complete these 3 fields. Save and click Next

Insert MiCAS Application number

13-  Based on the nine (9) pillars listed below, HRD Corp Focus Area Courses are closely tied to support government initiatives towards nation building. As such, courses offered through the HRD Corp Focus Areas are designed to provide the workforce with skills required for current and future demands. Details of the focus areas are as follows:

14-  Please select a Course Title and Type of Training

15-  Select the correct type of training according to the actual type of training, or as mentioned in the training brochure:

16-  Please key in the Training Location and click Next

17-  Please select the Level of Certification and click Next

18-  Please follow the instructions and key in trainee details

19-  Click Add Batch, then click Save

20-  Click Add Trainee Details

21-  Please key in all the required details, then click Add

22-  Click Add if there are more participants. Once done, click Save

23-  Click Next

24-  Please key in the course fees and allowance details, then click Save

25-  Estimated cost includes the course fees/external trainer fees, allowances, and consumable training materials. Please comply with the HRD Corp Allowable Cost Matrix.

26-  Select Upfront Payment to Training Provider and key in the percentage from 0% to 30%. Then, click Save and Next

27-  Complete the declaration form and select a desired officer

28-  Add all the required documents, then click Add Attachment. Then, click Save and Submit Application

29-  Once the New Grant Application is successfully submitted, the Grant Officer will evaluate the application accordingly. The application may be queried if additional information is required.

The application status will be updated via the employer’s dashboard, email, and the e-TRiS inbox.

• Accountant
• Bookkeeper
• Financial Controller
• Business Owner
• Finance Manager
• Accounts Payable Specialist
• Accounts Receivable Specialist
• Financial Analyst
• Small Business Consultant
• Office Manager
• Payroll Administrator
• Budgeting Specialist
• Tax Preparer
• Accounting Clerk
• Finance Coordinator

Ramin Majid:  Ramin Majid has more than 5 years’ experience in the field of accounting and financial planning. High knowledge of IGCSEs & A Levels Curriculum and Standards. He is specialize in accounting and company auditing and has been improving his skills from training and courses he is proficient many software such as Quickbooks, OpenERP, Odoo, etc.

Financial Account Manager in Pararate Money Exchangers Group:

• Responsible for creating daily cash recordings and preparing monthly account reports
• Reconcile all assigned balance sheet accounts on a monthly basis.
• Provide detailed and reliable information to internal & external auditors Perform Annual GST report and filling

Ahmad Ismail:Ahmad Ismail started his career as an auditor with Deloitte Touche Tohmatsu then moved on to work as an internal auditor before joining the commercial line of businesses. He was the CFO for a construction group of companies preparing for listing on Bursa Malaysia’s main market. Later move to become the CFO to an education group raising capital via Equity CrowdFunding. His core expertise focuses on financial management and reporting, general accounting and treasury, financial operation and strategic planning. Notable organisations he has worked for includes Sime Darby Plantation Berhad, Iskandar Investment Berhad, MMC Berhad, New Straits Times Press (Malaysia) Berhad and Perbadanan Usahawan Nasional Berhad. Holds an MBA in International Management from RMIT University and qualified as a Chartered Accountant with MIA