QuickBooks Online in Action - The Bookstore Practice Set
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QuickBooks Online in Action - The Bookstore Practice Set
This course is part of Master QuickBooks Online and Desktop for Bookkeeping Specialization
Included with
Recommended experience
Recommended experience
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.
Skills you'll gain
Tools you'll learn
Details to know
April 2026
11 assignments
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There are 10 modules in this course
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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 videos•Total 21 minutes
- What Is a Practice Set?•6 minutes
- What's Included•5 minutes
- Quincy Bookstore•5 minutes
- Accessing QBO and the QBS File•6 minutes
2 readings•Total 20 minutes
- Introduction to the Course 'QuickBooks Online in Action: The Bookstore Practice Set'•10 minutes
- Full Course Resource•10 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 videos•Total 69 minutes
- Setting Up the QBS File•3 minutes
- Setup Step 1: Create the Company•8 minutes
- Setup Step 2: Purging Company Information•4 minutes
- Setup Step 3: Settings and Sales Tax•11 minutes
- Setup Step 4: Chart of Accounts•4 minutes
- Setup Step 5: Other Lists•6 minutes
- Setup Step 6: Customers•9 minutes
- Setup Step 7: Vendors•5 minutes
- Setup Step 8: Products and Services•10 minutes
- Setup Step 9: YTD Journal Entries•7 minutes
- Setup Step 10: COA Final Visit•3 minutes
1 assignment•Total 15 minutes
- Setting Up the Work - Assessment•15 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 videos•Total 35 minutes
- How the Sections Work•4 minutes
- Week 1 Transactions•7 minutes
- Week 1 Recording Activity, Part A•15 minutes
- Week 1 Recording Activity, Part B•9 minutes
1 assignment•Total 15 minutes
- Week 1—December 1 to 3 - Assessment•15 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 videos•Total 31 minutes
- Week 2 Transactions•7 minutes
- Week 2 Recording Activity, Part A•11 minutes
- Week 2 Recording Activity, Part B•13 minutes
1 assignment•Total 15 minutes
- Week 2—December 4 to 10 - Assessemnent•15 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 videos•Total 27 minutes
- Week 3 Transactions•10 minutes
- Week 3 Recording Activity•17 minutes
1 assignment•Total 15 minutes
- Week 3—December 11 to 17 - Assessment•15 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 videos•Total 11 minutes
- Week 4 Transactions•2 minutes
- Week 4 Recording Activity•9 minutes
1 assignment•Total 15 minutes
- Week 4—December 18 to 24 - Assessment•15 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 videos•Total 36 minutes
- Week 5 Transactions•7 minutes
- Week 5 Recording Activity, Part 1•17 minutes
- Week 5 Recording Activity, Part 2•12 minutes
1 assignment•Total 15 minutes
- Week 5—December 25 to 31 - Assessment•15 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 videos•Total 25 minutes
- Adjustment Transactions•4 minutes
- Adjustment Recording Activity•7 minutes
- Accounts to Reconcile•1 minute
- Reconciling MasterCard•7 minutes
- Reconciling Checking•6 minutes
1 assignment•Total 15 minutes
- End of the Month - Assessment•15 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 videos•Total 12 minutes
- Is Everything Correct?•2 minutes
- Accounts to Close•5 minutes
- Closing Recording Activity•6 minutes
1 assignment•Total 15 minutes
- End of the Year - Assessment•15 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 videos•Total 12 minutes
- Passwords•2 minutes
- Print, Document Numbers, etc.•3 minutes
- Gaines' Bounced Check•7 minutes
1 reading•Total 10 minutes
- Conclusion to the Course 'QuickBooks Online in Action: The Bookstore Practice Set'•10 minutes
3 assignments•Total 90 minutes
- Full Course Practice Assessment•15 minutes
- The Reference Section - Assessment•15 minutes
- Full Course Assessment•60 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.
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