Session 4: Product Training: EOFY in the QuickBooks suite for Bookkeepers will cover closing the books, reconciliation using Books Review, reconciling super & PAYG, reporting and accountant collaboration.

Lauretta Finis, your expert trainer will take you through:

• The Work tab in QuickBooks Online Accountant, and an EOFY checklist

Books Review, including:

• Balance Sheet Review
• Reconcile accounts - bank, loan, term deposit,  credit cards, 
• Reviewing Undeposited funds, Suspense accounts, Payroll clearing account  
• Debtors, Creditors balances Returns, credits and unbilled charges 
• Review Deposits prepaid accounts
• Director Loan accounts - checking for GST code > OOS 
• Foreign currency:  Debtors, Creditors and ReValutaion for year-end
• Reconciling Super & PAYG

Inventory issues, including Stock Take reports & Adjustments to write off stock

Writing off Bad Debts - Review How to write off a bad debt 

Reviewing Assets Bought & Sold  

The Prep for taxes tool pre Accountant 

Inter-Equity Loan Accounts:

• Reviewing Directors Loan’s in Inter-company Accounts
• Reconciling inter-company loans

Reconcilting GST Accounts using Books Review - BAS control accounts (annual review) & reconciling last Quarter BAS

Reports, including:

• Report packs
• Management reports.