QuickBooks for Business

Course Number:
BA 228
Transcript Title:
QuickBooks for Business
Created:
Jul 27, 2022
Updated:
May 24, 2025
Total Credits:
3
Lecture Hours:
30
Lecture / Lab Hours:
0
Lab Hours:
0
Satisfies Cultural Literacy requirement:
No
Satisfies General Education requirement:
No
Grading Options
A-F, P/NP, Audit
Default Grading Options
A-F
Repeats available for credit:
0
Prerequisites

Recommended
BA 104
BA 211Z

Course Description

Introduces double-entry, fully-integrated computerized general ledger software. Includes general ledger, accounts receivable, accounts payable, payroll, fixed assets, bank reconciliations, inventory, and financial statement analysis. Recommended: BA 104, BA 211Z. Audit available.

Course Outcomes

Upon successful completion of this course, students will be able to:

  1. Organize accounting procedures using microcomputer software.
  2. Communicate effectively using standard accounting terminology.
  3. Interpret and prepare accounting reports and records.

Suggested Outcome Assessment Strategies

At least two of the following measures are to be used:

  • Attendance and participation
  • Group project(s)
  • Business Model or Business Game
  • Presentation(s)
  • Practice Set(s)
  • Case Study (ies)
  • Portfolio(s)
  • Research paper(s)
  • Book report(s)
  • Homework assignment(s)
  • Written paper
  • Quiz (zes)
  • Exam(s)

Course Activities and Design

The determination of teaching strategies used in the delivery of outcomes is generally left to the discretion of the instructor. Here are some strategies that you might consider when designing your course: lecture, small group/forum discussion, flipped classroom, dyads, oral presentation, role play, simulation scenarios, group projects, service learning projects, hands-on lab, peer review/workshops, cooperative learning (jigsaw, fishbowl), inquiry based instruction, differentiated instruction (learning centers), graphic organizers, etc.

Course Content

Outcome #1: Organize accounting procedures using microcomputer software.

To address this outcome, students should be taught:

  • How to use the Sample Company in QBO to perform transactions

  • How to set up a new company including employees, customers, vendors, and the appropriate chart of accounts

  • How to process transactions for operating activities

    • Sales and cash receipts

    • Purchases and cash payments

  • How to process transactions for investing and financing activities:

    • Fixed assets

    • Long-term investments

    • Common stock and dividends

    • Long-term debt

    • Fixed asset acquisitions with long-term debt

  • How to process payroll checks (using reports from third-party payroll processors)

  • How to perform bank reconciliations

  • How to process adjusting journal entries and close out an accounting period

Outcome #2: Communicate effectively using standard accounting terminology.

To address this outcome, students should be taught:

  • Basic accounting knowledge including common balance sheet and income statement items and how they fit in the accounting equation

  • How to analyze and record the impact of basic business events on general ledger accounts in accordance with U.S. Generally Accepted Accounting Principles.

  • How to set up the customer reference format applicable to the business to communicate appropriately with customers

  • The language used in QBO for specific functions:

    • Estimates

    • Invoices

    • Receipts

    • Purchase Orders

    • Bills

Outcome #3: Interpret and prepare accounting reports and records.

To address this outcome, students should be taught:

  • How to use and create budgets as well as analyze actual performance in comparison

  • How to create the income statement and balance sheet using account balances in accordance with U.S. Generally Accepted Accounting Principles

  • How to prepare other standard managerial reports

  • How to customize reports for managerial use

Suggested Texts and Materials

Text: QuickBooks Online for Accounting, 3rd Ed; Owen; Cengage Learning