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QuickBooks Online in Action - The Bookstore Practice Set

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QuickBooks Online in Action - The Bookstore Practice Set

Included with

Gain insight into a topic and learn the fundamentals.
Beginner level

Recommended experience

9 hours to complete
Flexible schedule
Learn at your own pace

Gain insight into a topic and learn the fundamentals.
Beginner level

Recommended experience

9 hours to complete
Flexible schedule
Learn at your own pace

What you'll learn

  • Gain the ability to set up QuickBooks Online for a small business scenario.

  • Learn how to manage customer/vendor data and handle transactions in QuickBooks Online.

  • Understand how to reconcile accounts and make adjustments for accurate financial reporting.

  • Master the process of closing the books at the end of the year with QuickBooks Online.

Details to know

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Recently updated!

April 2026

Assessments

11 assignments

Taught in English

Build your subject-matter expertise

This course is part of the Master QuickBooks Online and Desktop for Bookkeeping Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
  • Learn new concepts from industry experts
  • Gain a foundational understanding of a subject or tool
  • Develop job-relevant skills with hands-on projects
  • Earn a shareable career certificate

There are 10 modules in this course

This course features Coursera Coach!

A smarter way to learn with interactive, real-time conversations that help you test your knowledge, challenge assumptions, and deepen your understanding as you progress through the course. In this hands-on course, you’ll build real-world accounting skills using QuickBooks Online (QBO) by managing the financial operations of a fictional bookstore, Quincy Bookstore. You will learn to navigate through key tasks like setting up the company, creating customer/vendor records, processing transactions, and more. Each module is designed to simulate real business scenarios, enabling you to gain practical insights into QuickBooks Online functionalities, ensuring you're well-equipped for future bookkeeping tasks. The course begins with an introduction to the practice set, followed by detailed walkthroughs of each step of setting up QuickBooks Online for Quincy Bookstore. You’ll proceed by entering and managing transactions for each week of December, ensuring you apply accurate accounting methods. The final sections focus on month-end adjustments, reconciliations, and closing entries to give you a full understanding of the bookkeeping process. This course is ideal for those who want to develop strong accounting skills through practical exercises, and it is suitable for individuals with no prior accounting experience. You will need access to QuickBooks Online, and familiarity with basic accounting concepts will help. The course is designed for beginners but can also benefit those looking to refine their QuickBooks skills. By the end of the course, you will be able to set up QuickBooks Online for a business, record and categorize transactions, perform reconciliations, and generate month-end financial reports.

In this module, we will introduce the purpose of a practice set and explain how it enhances your accounting skills using QuickBooks Online. You'll become familiar with the materials provided, and we will introduce Quincy Bookstore, the business you'll be working with throughout the course.

What's included

4 videos2 readings

4 videosTotal 21 minutes
  • What Is a Practice Set?6 minutes
  • What's Included5 minutes
  • Quincy Bookstore5 minutes
  • Accessing QBO and the QBS File6 minutes
2 readingsTotal 20 minutes
  • Introduction to the Course 'QuickBooks Online in Action: The Bookstore Practice Set'10 minutes
  • Full Course Resource10 minutes

In this module, we will guide you through the essential setup steps to configure your QuickBooks Online account for the Quincy Bookstore. This includes setting up the QBS file, creating a company profile, and configuring accounts, customers, and other critical data to prepare for transaction entry.

What's included

11 videos1 assignment

11 videosTotal 69 minutes
  • Setting Up the QBS File3 minutes
  • Setup Step 1: Create the Company8 minutes
  • Setup Step 2: Purging Company Information4 minutes
  • Setup Step 3: Settings and Sales Tax11 minutes
  • Setup Step 4: Chart of Accounts4 minutes
  • Setup Step 5: Other Lists6 minutes
  • Setup Step 6: Customers9 minutes
  • Setup Step 7: Vendors5 minutes
  • Setup Step 8: Products and Services10 minutes
  • Setup Step 9: YTD Journal Entries7 minutes
  • Setup Step 10: COA Final Visit3 minutes
1 assignmentTotal 15 minutes
  • Setting Up the Work - Assessment15 minutes

In this module, we will introduce you to the Week 1 transactions and walk you through the data entry process in QuickBooks Online. You'll begin recording the first set of transactions using the appropriate workflows and gain hands-on experience with real business activity.

What's included

4 videos1 assignment

4 videosTotal 35 minutes
  • How the Sections Work4 minutes
  • Week 1 Transactions7 minutes
  • Week 1 Recording Activity, Part A15 minutes
  • Week 1 Recording Activity, Part B9 minutes
1 assignmentTotal 15 minutes
  • Week 1—December 1 to 3 - Assessment15 minutes

In this module, we will review and record the Week 2 transactions in QuickBooks Online. You will work through the first and second parts of Week 2's data entry, reinforcing your knowledge and ensuring accuracy in the process.

What's included

3 videos1 assignment

3 videosTotal 31 minutes
  • Week 2 Transactions7 minutes
  • Week 2 Recording Activity, Part A11 minutes
  • Week 2 Recording Activity, Part B13 minutes
1 assignmentTotal 15 minutes
  • Week 2—December 4 to 10 - Assessemnent15 minutes

In this module, we will guide you through Week 3's business transactions and the process of entering them into QuickBooks Online. You'll confirm that each transaction is recorded properly using the correct accounts.

What's included

2 videos1 assignment

2 videosTotal 27 minutes
  • Week 3 Transactions10 minutes
  • Week 3 Recording Activity17 minutes
1 assignmentTotal 15 minutes
  • Week 3—December 11 to 17 - Assessment15 minutes

In this module, we will discuss and enter the Week 4 transactions in QuickBooks Online. You’ll apply the techniques you’ve learned so far to accurately record each transaction and reinforce your growing accounting skills.

What's included

2 videos1 assignment

2 videosTotal 11 minutes
  • Week 4 Transactions2 minutes
  • Week 4 Recording Activity9 minutes
1 assignmentTotal 15 minutes
  • Week 4—December 18 to 24 - Assessment15 minutes

In this module, we will go through the final set of transactions for December and guide you through entering them into QuickBooks Online. You’ll complete both parts of the Week 5 data entry, marking the completion of your practice set.

What's included

3 videos1 assignment

3 videosTotal 36 minutes
  • Week 5 Transactions7 minutes
  • Week 5 Recording Activity, Part 117 minutes
  • Week 5 Recording Activity, Part 212 minutes
1 assignmentTotal 15 minutes
  • Week 5—December 25 to 31 - Assessment15 minutes

In this module, we will discuss month-end adjustments and guide you through recording them in QuickBooks Online. You will also learn how to reconcile accounts to ensure all financial data aligns accurately at month-end.

What's included

5 videos1 assignment

5 videosTotal 25 minutes
  • Adjustment Transactions4 minutes
  • Adjustment Recording Activity7 minutes
  • Accounts to Reconcile1 minute
  • Reconciling MasterCard7 minutes
  • Reconciling Checking6 minutes
1 assignmentTotal 15 minutes
  • End of the Month - Assessment15 minutes

In this module, we will help you perform a final review of your books to ensure everything is correct. You'll then learn the process of closing accounts and making the necessary entries to complete the year-end procedures.

What's included

3 videos1 assignment

3 videosTotal 12 minutes
  • Is Everything Correct?2 minutes
  • Accounts to Close5 minutes
  • Closing Recording Activity6 minutes
1 assignmentTotal 15 minutes
  • End of the Year - Assessment15 minutes

In this module, we will explore important reference materials and settings within QuickBooks Online. You'll learn how to manage passwords, adjust printing and numbering settings, and handle scenarios such as bounced checks, ensuring you are prepared for real-world challenges.

What's included

3 videos1 reading3 assignments

3 videosTotal 12 minutes
  • Passwords2 minutes
  • Print, Document Numbers, etc.3 minutes
  • Gaines' Bounced Check7 minutes
1 readingTotal 10 minutes
  • Conclusion to the Course 'QuickBooks Online in Action: The Bookstore Practice Set'10 minutes
3 assignmentsTotal 90 minutes
  • Full Course Practice Assessment15 minutes
  • The Reference Section - Assessment15 minutes
  • Full Course Assessment60 minutes

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Frequently asked questions

QuickBooks Online in Action - The Bookstore Practice Set is a hands-on training program designed to teach accounting skills using a realistic scenario of managing a bookstore's finances with QuickBooks Online (QBO). It’s relevant because it provides practical, real-world experience for learners to master key accounting functions like transaction entry, reconciliation, and year-end closing, all within the context of a small business setting. Mastering these skills is essential for anyone looking to pursue a career in bookkeeping or small business accounting.

This course is about providing students with practical experience in managing the finances of a fictional bookstore, Quincy Bookstore, using QuickBooks Online. It walks you through setting up the system, entering daily transactions, reconciling accounts, and performing month-end and year-end activities. By completing this practice set, students will gain real-world accounting skills necessary for managing small business finances effectively.

Upon completion of this course, you will be able to confidently use QuickBooks Online to manage financial transactions, reconcile bank and credit card accounts, set up a chart of accounts, process sales and purchase transactions, and close out the books for a fiscal year. You’ll have a deep understanding of bookkeeping workflows and be able to apply them in any business setting.

No prior accounting knowledge is required to enroll in this course, though familiarity with basic business concepts and computer software will be helpful. The course is designed for beginners, and all necessary steps for setting up QuickBooks Online and entering transactions will be covered in detail.

This course is ideal for anyone looking to learn how to use QuickBooks Online for bookkeeping and accounting, particularly small business owners, new accountants, or those pursuing a career in bookkeeping. It's also suitable for individuals who are preparing for certification in QuickBooks or who want to gain hands-on experience in a practical business setting.

The course consists of 4 hours of video content. The time required to complete the course depends on your individual pace, but on average, it should take approximately 4 hours to work through the videos and practice the exercises.

Yes, you can preview the first video and view the syllabus before you enroll. You must purchase the course to access content not included in the preview.

If you decide to enroll in the course before the session start date, you will have access to all of the lecture videos and readings for the course. You’ll be able to submit assignments once the session starts.

Once you enroll and your session begins, you will have access to all videos and other resources, including reading items and the course discussion forum. You’ll be able to view and submit practice assessments, and complete required graded assignments to earn a grade and a Course Certificate.

If you complete the course successfully, your electronic Course Certificate will be added to your Accomplishments page - from there, you can print your Course Certificate or add it to your LinkedIn profile.

This course is currently available only to learners who have paid or received financial aid, when available.

Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

Financial aid available,