If you want more experience and confidence using QuickBooks, then the QuickBooks Practice Set is perfect for you. Whether you are an accountant, CPA, bookkeeper, small business owner or other QuickBooks user, you can get experience and confidence using QuickBooks with this realistic practice set.
Using the QuickBooks Practice Set, you will set up a new company and enter transactions for three months of activity. Transactions you will enter include:
- Invoices
- Sales Receipts
- Receive Payments
- Deposits
- Enter and Pay Bills
- Write Checks
- Credit Card Charges
- Sales Tax Payments
- Purchase Orders
- Inventory Adjustments
- Credit Memos
Each month, you will reconcile the bank and credit card accounts and create reports to check your progress.
The QuickBooks Practice Set does NOT teach you how to use QuickBooks but it provides you with more practice using QuickBooks. Also, it does NOT teach the principles of accounting or bookkeeping although there are reports to check to see if you posted (or coded) things to the right accounts.
The QuickBooks Practice Set is designed to be used with a windows version (any year) of QuickBooks – QuickBooks Pro, Premier, Accountant or Enterprise (but not Simple Start). It could be used with QuickBooks for Mac or QuickBooks Online however not all features or reports may be available in those versions of QuickBooks.
Click here to order from Amazon — currently 10% off with free shipping!
Authored by Michelle L. Long, CPA, MBA, Andrew S. Long
It has been fun working with my son (Andrew Long) on the QuickBooks Practice Set. Andrew will graduate with a Masters in Accountancy from University of Missouri in December, 2013.
Using this with quickbooks accountant online, however to set up a client you have to pay for the product….am I missing something?
For the practice set, you can create a free trial by going to http://quickbooks.com — it will give you a 30 day free trial without entering a credit card number.
Where can we find assistance with the Practice Set. I’m having an issue with the Reconciling of month 3. Yet all my reports are checking out to be correct.
Hello Michelle,
Could you provide release date of the QuickBooks ‘Intermediate’ Practice Set?
Thank you,
Denis
I’m not sure of the release date for it. Stay subscribed to my blog for updates.
Thanks Michelle!
I will use this to give my first part time employee more experience!
Great Anik! It will help people get more experience using QuickBooks and check reports, etc. to help them see if they are doing things correctly.
We will have an intermediate Practice set soon. It will include practice for job costing and payroll.
Can this practise set be used with either Canadian or US version. I noticed it is only available on Amazon US not on the Canadian Amazon.
Thanks
Ann
@Ann — The practice set was created using the US version of QuickBooks. However, many things are the same in the US and Canadian version. However, it does include US sales taxes which are somewhat different from the Canadian HST/GST taxes. However, I still think it would be good practice entering the most common types of transactions, creating reports, reconciling accounts, etc.
Thank you so much Michelle, this will be a huge help.