Automated Accounting Canada College

Bookkeeping (Level 1 and Level 2)

Bookkeeping I

Introduction to Bookkeeping

• Bookkeeping Goals and Values
• The Bookkeeping Mindset
• The History of Bookkeeping
• Computers and Bookkeeping Personnel
• A Day in the Life of a Bookkeeping Professional
• A Glossary of Accounting and Bookkeeping Documents


Bookkeeping II

Fundamental Bookkeeping Practices

• The Purpose of Bookkeeping
• The Balance Sheet
• The Income Statement
• Analyzing Transactions
• Steps in The Bookkeeping Process
• The Journal and the Ledger
• Preparation of Financial Statements


Bookkeeping Module III

The Accounting Cycle

• Adjusting Entries, Income Statement, Balance Sheet
• Preparation of Closing Entries
• Revisiting the Accounting Cycle
• Post Closing Entries and Trial Balance
• Practicing the Steps in the Accounting Cycle
• Buying Merchandise Inventory
• Selling Merchandise Inventory
• Preparing Financial Statements for a Merchandise Company


Bookkeeping Module IV

Intermediate Bookkeeping Techniques

• Subsidiary Ledgers and Special Journals
• Using the Special Journals
• Payroll and Taxes
• Dealing with Cash
• The Statement of Cash Flows
• Accounting for Partnerships
• Closing the Books

Simply Accounting (Level 1 and Level 2)

Course Description - Level 1


This is an introduction to accomplishing basic accounting tasks using Simply Accounting by Sage. Students will begin with a company file and enter transactions for general ledger, accounts receivables, accounts payable, inventory, and managing capital expenses. This course will review some accounting fundamentals as they relate to the transaction at hand only.

Who Should Attend
People who have taken courses in both Microsoft Windows (Level 1) and Accounting Fundamentals, or have equivalent work experience.

Duration : 6 hours

Course Outline:

• Introduction
• What is Simply Accounting?
• Starting Simply Accounting
• Selecting Sets of Data Files
• Looking at Simply Accounting Home Window
• Understanding Chart of Accounts
• Saving Changes
• Company Information
• Printing Chart of Accounts
• Understanding Session Dates
• Accounting/Non-Accounting Terminology
• General Module Linked Accounts
• General Journal Transactions
• Recurring Transactions
• Adjusting and Reversing General Journal Entries
• General Journal Reports
• Backing Up Simply Accounting Data Files
• Exiting Simply Accounting
• Accounts Payable
• Creating and Modifying Vendors
• Setting Up Shipper's Lists
• Payables Module Linked Accounts
• Purchasing Inventory on Accounts
• Non-Inventory Purchases
• Purchases with Immediate Payment
• Recurring Entries
• Purchase Orders
• Filling Purchase Orders
• Creating Purchase Invoices from Purchase Orders
• Viewing, Adjusting, and Voiding Posted Payables
• Doing Invoices
• Payables Payments
• Paying Vendor Invoices
• Making Prepayments
• Payables Reports
• Accounts Receivable
• Creating and Modifying Customers
• Receivables Module Linked Accounts
• Accounts Receivable Sales
• Recurring Transactions
• Sales Quotes
• Accounting for Over-the-Counter Sales
• Viewing, Adjusting, and Voiding Posted Receivables Transactions
• Receivable Receipts
• Receiving Payments on Invoices
• Adjusting/Reversing Receivables Receipts
• Applying Deposits/Prepayments
• Sales Returns
• Receivables Reports
• Inventory and Services
• Creating Inventory Accounts
• Creating Inventory Items
• Creating Service Items
• Changing Inventory and Service Data
• Inventory Module Linked Accounts
• Inventory Reports

Course Description - Level 2


The main objective of this courseware is to introduce some of the more advanced functions and capabilities of Simply Accounting by Sage.

Who Should Attend
It is designed for computer users who are already familiar with accounting, have work experience using the basic operations of Simply Accounting by Sage, and/or have completed Simply Accounting by Sage Level I.

Duration : 6 hours

Course Outline: 

• Setting Up Data Files and Customizing Settings
• Creating New Companies
• Using Setup Wizard
• Setting Up General Ledgers
• Entering Opening Balances
• Setting Up Linked Accounts
• Entering Vendors and Purchase History
• Entering Customers and Sales History
• Entering Inventory and Services History
• Entering Employees and Payroll History
• Entering Historical Data
• Setting Up Sales Taxes
• Payroll Overview and Setup
• Creating Employee Records
• Modifying Employee Records
• Payroll Linked Accounts
• Paying Employees
• Recurring Transactions
• Payroll Advances
• Viewing, Adjusting, and Voiding Posted Payroll Transactions
• Entering Taxes Manually
• Payroll Reports
• Banking and Credit Cards
• Setting Up Bank Reconciliations
• Setting Up Accounts for Reconciliation
• Reconciling Accounts for First Time
• Reconciling Accounts
• Working with Credit/Debit Card Transactions
• Entering Customer Sales on Credit Cards
• Reconciling Credit Card Accounts
• Creating and Setting Up Credit Cards for Purchases
• Enter Vendor Purchases on Credit Cards
• Reconciling Credit Card Statements
• Reporting, Miscellaneous and Period End Procedures
• Creating Graphs
• Creating and Printing Financial Reports
• Using Daily Business Manager
• Processing Transactions in Daily Business Manager
• Using Checklists
• Checking Data Integrity and Compacting Databases
• Setting Up Batch Printing
• Printing in Batches
• Month End Procedures
• Year End Procedures
• Working with Foreign Currencies
• Dealing with Foreign Currencies
• Setting Up for Foreign Currencies
• Setting Up Foreign Currency Bank Accounts
• Setting Up Vendors
• Setting Up for Sales to Foreign Customers
• Pricing Inventory and Services
• Setting Up Foreign Customers
• Tracking Import Duty Information
• Making Purchases
• Making Sales Using Foreign Currencies
• Foreign Currency Reporting

Quickbooks (Level 1 and Level 2)

Course Description - Level 1


This course is recommended for the beginner who has just purchased QuickBooks and wants to set up their company file, or for those students who want to become knowledgeable in QuickBooks.

Duration : 6 hours

Course Outline:

• Creating QuickBooks Company Files
• Entering Company Information
• Setting Up QuickBooks Preferences
• Choosing Start Dates
• Setting Up Income and Expense Accounts
• Entering Opening Balances
• Using QuickBook's Help Feature
• Using QuickBook's List Feature
• Editing Chart of Accounts
• Working with Customer Job Lists
• Working with Employee Lists
• Working with Vendor Lists
• Managing Lists
• Writing QuickBooks Cheques
• Using Bank Account Registers
• Entering Handwritten Cheques
• Transferring Money between Accounts
• Reconciliation of Chequing Accounts
• Entering Sales Invoices in QuickBooks
• Memorizing Transactions
• Entering New Items
• Using Multiple Price Levels
• Recording Customer Payments
• Making Deposits
• Entering Bills from Vendors
• Paying Bills from Vendors

Course Description - Level 2


This course is recommended for those who are comfortable using QuickBooks and interested in learning new or faster methods of using QuickBooks. This course is not intended for beginners.

Duration : 6 hours

Course Outline: 

• Creating QuickBooks Reports
• Saving and Printing Reports
• Exporting Reports to Microsoft Excel
• Turning on Inventory Features
• Entering Products/Services into Inventories
• Entering Purchase Orders
• Recording Receipts of Inventory Items
• Entering Bills for Inventory Items
• Entering Inventory Adjustments
• Setting Up Sales Taxes in QuickBooks
• Filing Sales Tax Returns
• Creating Jobs and Estimates
• Creating Multiple Estimates
• Creating Invoices from Estimates
• Setting Up QuickBooks Progress Invoicing Feature
• Displaying Reports for Estimates
• Updating Job Status
• Using QuickBooks Time Tracking Feature
• Invoicing Customers Based on Time
• Displaying Project Reports for Time Tracking
• Paying Non-Employees for Time Worked
• Customizing Reports and Forms
• Setting Up Quickbooks Payroll Feature
• Setting Up Employee Payroll Information
• Entering and Writing Paycheques
• Tracking Payroll Liabilities
• Paying Payroll Taxes

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  • Saturday: 8:30 am to 5:30 pm
  • Sunday: Closed