City

Baku

Course

Bookkeeping

Start of classes

Set closed

Course format: online
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    Duration 8 weeks

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    Intensity 3 lessons per week

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    Class time 3 hours a day

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    Study grant Covers 85% of the course cost:
    The student pays 40$ month

Course description

This course on American bookkeeping opens up new avenues for your professional growth. In 5 weeks you will develop a wide range of practical skills: working with the American QuickBooks application and basic documentation, understanding the inner workings of small- and medium-sized businesses, and communicating with American customers. Our experienced teacher supports you during the course. At the end of the course, you will have an interview for a job in the partner company.

Course program

  1. 1. General
    • Financials reports (BS, PL) & chart of accounts
    • Accrual &cash basis
      - accounting documents: invoice, bill, payment etc.
      - bank statements,
      - reports from Shopify/Stripe/Amazon and other accounts
  2. 2. QB
    • QBO:
      Company settings / Sales settings / Expense settings / Payment settings / Advanced settings / Chart of Accounts / Products and Services / Adding customers and vendors / Setting up bank feeds / Reporting
    • QB Desktop:
      Getting Started / Account maintenance / Banking and Bank Feeds / Employees and payroll / Manage inventory / Manage income and expenses / Reporting
  3. 3. Liabilities
    • Account payable (prepayments)
    • Payroll (Payroll accruals, payroll tax, reading payroll reports etc.)
    • Loans, line of credit, credit cards
    • Taxes (sales, meals tax, income tax)
  4. 4. Equity
    • LLC - members
    • Inc – shareholders
    • Investment, Distribution, Contribution
    • Retained earning
  5. 5. Income
    • Source of Income
    • Sales of services / goods
  6. 6. Expences
    • COGS vs Expenses
    • Salaries
    • G&A
    • Insurance expenses
  7. 7. Year end closing
    • Depreciation /Accruals/ Prepaid
    • Review AP/AR aging reports
    • FX adjustment
    • Send out detailed PL report to client's review
    • Inventory adjustment
    • Payroll accruals
    • Posing all expenses/income/COGS to the correct period
    • Beginning balances match to PY tax returns
  8. 8. Industries
    • General overview
    • Specific GL accounts
    • Sub-ledgers used
    • Special reporting
    • Property management:
      - Real Estate agencies
      - Service providers
      - Medical Practices
      - Legal firms
      - Retail/ Wholesale
      - Restaurants
      - Nor for profit
      - Manufacturing
      - E-commerce (might be relevant to multiple industries)

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