1. QuickBooks setup:
1.1 Set up company including general ledger accounts, product and service lists, sales taxes codes, payment terms, invoices, bills, customer and vendor profiles, opening balances.
1.2 Importing files.
1.3 Exporting reports to Excel.
1.4 Reports and display screen customizing.
2. Journal entries, entering, editing, recurring.
3. Accounts receivable:
3.1 Transactions, including invoices, credit memos, cash receipts, adjustments, recurring and writing-off accounts (allowance method).
3.2 Customers adding and editing.
3.3 Reports, including aged receivable reports.
4. Accounts payable:
4.1 Transactions, including invoices, credit memos, payments, recurring and adjustments.
4.2 Vendors adding and editing.
4.3 Payments, both manual and computer-generated cheques.
4.4 Reports, including aged payable reports.
5. Project reports.
6. Inventory and service adding and editing.
7. Period-end procedures, including month-end and year-end:
7.1 Adjusting and reversing entries.
7.2 Reports, including financial statements.
8. Bank reconciliation and sales tax:
8.1 Transferring of funds.
8.2 Bank reconciliation, NSF cheques, and adjustments.
8.3 Remitting GST/PST/HST and related reports.
8.4 Reports, including a reconciliation report, missing cheques and transaction detail by account.
9. Sage or other accounting software:
9.1 General ledger account adding.
9.2 Journal entries, entering, using recurring transactions, adjusting.
10. Accounts receivable:
10.1 Transactions, including invoices, credit memos, cash receipts, adjustments, recurring and writing-off accounts (allowance method).
10.2 Customers adding and editing.
10.3 Reports, including aged receivable reports.
11. Accounts payable:
11.1 Transactions, including invoices, credit memos, payments, recurring, adjustments.
11.2 Vendors adding and editing.
11.3 Reports, including aged payable reports. Payment, manual and computer-generated cheques.
12. Payroll:
12.1 Employees adding and modifying.
12.2 Payroll run including vacation pay and corrections.
12.3 Payroll taxes remitting.
12.4 Reports.
Lecture and practical applications, conducted in a computer lab and/or online.
|
QuickBooks: |
75% | |
| Assignments/Project(s)/Quizzes | 25% | |
| Test(s) | 25% | |
| Final | 25% | |
| Sage/Other Accounting Software: | 25% | |
| Assignment(s)/Project(s)/Quiz(zes) | 10% | |
| Final | 15% | |
| Total | 100% |
Assessment will be based on course objectives and will be carried out in accordance with the Douglas College Evaluation Policy.
Students must write both finals in order to obtain credit for the course.
Students may conduct research as part of their coursework in this class. Instructors for the course are responsible for ensuring that student research projects comply with College policies on ethical conduct for research involving humans, which can require obtaining Informed Consent from participants and getting the approval of the Douglas College Research Ethics Board prior to conducting the research.
At the end of the course, the successful student should be able to use QuickBooks to:
At the end of the course, the successful student should be able to use Sage or other approved accounting software to:
9. Record journal entries.
10. Record transactions related to accounts receivable.
11. Record transactions related to accounts payable.
12. Process payroll.
Textbooks and Materials to be Purchased by Students
QuickBooks Online, Susan Watkin, Labyrinth Learning, latest edition.
Learning Sage 50 A Modular Approach. Deepak Sharma and Kerri Simich.
Or other textbook(s) approved by the Accounting Department.
ACCT 1110 or ACCT 1235 text or equivalent.
Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester / year of the course, consider the previous version as the applicable version.
Below are current transfer agreements from Douglas College to other institutions for the current course guidelines only. For a full list of transfer details and archived courses, please see the BC Transfer Guide.
| Institution | Transfer details for ACCT 1222 |
|---|---|
| Acsenda School of Management (ASM) | No credit |
| Camosun College (CAMO) | CAMO ACCT 250 (3) |
| Capilano University (CAPU) | CAPU BFIN 1XX (3) |
| Kwantlen Polytechnic University (KPU) | No credit |
| Langara College (LANG) | LANG FMGT 2308 (3) |
| North Island College (NIC) | NIC BUS 1XX (3) |
| Okanagan College (OC) | No credit |
| Simon Fraser University (SFU) | No credit |
| Thompson Rivers University (TRU) | TRU ACCT 2280 (3) |
| Trinity Western University (TWU) | No credit |
| University Canada West (UCW) | UCW ACCT 210 (3) or UCW ACCT 220 (3) |
| University of British Columbia - Okanagan (UBCO) | No credit |
| University of British Columbia - Vancouver (UBCV) | No credit |
| University of Northern BC (UNBC) | UNBC COMM 2XX (3) |
| University of the Fraser Valley (UFV) | UFV BUS 1XX (3) |
| University of Victoria (UVIC) | No credit |
| Vancouver Island University (VIU) | VIU ACCT 1st (3) |
| CRN | Days | Instructor | Status | More details |
|---|---|---|---|---|
|
CRN
33252
|
Mon | Instructor last name
Yang
Instructor first name
Jessie
|
Course status
Waitlist
|
ACCT 1222 050 - This is a hybrid course which incorporates both face to face and online instructions.
| CRN | Days | Instructor | Status | More details |
|---|---|---|---|---|
|
CRN
33254
|
Mon | Instructor last name
Comrie
Instructor first name
Rod
|
Course status
Waitlist
|
ACCT 1222 001 - This is a hybrid course which incorporates both face to face and online instructions.
| CRN | Days | Instructor | Status | More details |
|---|---|---|---|---|
|
CRN
33704
|
Tue | Instructor last name
Comrie
Instructor first name
Rod
|
Course status
Waitlist
|