Accounting Software and ERP

What this unit covers

Most of the page follows a QuickBooks Online course, chapter by chapter. Alongside it you will find material on SAP and a few other accounting packages. The resources were made by GoConqr users, and they come in three formats: flashcards, mind maps and quizzes.

Where to start

Begin with the navigation chapter. The deck Chapter 1 Concepts covers the QBO SatNav, company settings, the chart of accounts, transactions, reports and the main financial statements. Then move to the deck on QBO Chapter 2 key terms, which looks at accounts, subaccounts, registers and the chart of accounts.

1. Chapter 1: navigation, settings and reports.
2. Chapter 2: the chart of accounts.
3. Chapter 3: transactions, lists and onscreen forms.
4. Chapter 5: customers and sales.
5. Chapter 7: vendors and inventory.

Sales, vendors and inventory

The Chapter 5 decks cover the invoice, receive payment, estimate, credit memo, sales receipt, refund receipt, delayed credit and delayed charge. They also separate inventory, non-inventory, service and bundle items. The Chapter 7 decks move to purchase orders, bills, paying bills and the 3-way match. They also touch on internal control. There are further decks and maps for payroll, banking and QBO reports.

Using maps and quizzes together

Read a mind map first to see how a chapter hangs together, such as Chapter 6: Vendors & Expenses or Chapter 8 Employees and Payroll. Then run through the matching flashcards. Finish with a quiz to see what you still need to revisit. For the SAP side, the SAP CO Structure mind map sets out controlling areas, company codes and operating concern, and the quiz titled MIO asks SAP questions on parked documents and tax calculation procedures.

Where it fits

This unit sits in the Accounting Information Systems strand of Accounting and auditing. Choose one chapter today, open its deck and see how much you can recall before checking the answers.