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WSQ - Advanced Transactional Accounting with Quickbooks Online

WSQ - Advanced Transactional Accounting with Quickbooks Online

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Boost your accounting proficiency with our WSQ Advanced Transactional Accounting with Quickbooks Online course. Aimed at professionals and business owners, this course provides in-depth coverage of advanced accounting topics like account reconciliation, detailed financial reporting, and efficient bookkeeping. You'll gain hands-on experience using Quickbooks Online to manage complex transactions, generate financial statements, and maintain accurate records, setting you on the path to become an accounting expert.

Expand your accounting toolkit with the latest techniques and best practices in transactional accounting. The course explores vital topics including accounts payable and receivable, inventory tracking, and tax planning using Quickbooks Online. Whether you're an accountant, financial analyst, or business owner, this course equips you with the skills to optimize financial operations, enhance data accuracy, and improve financial decision-making, thereby contributing to business success.

Learning Outcomes

By end of the course, learners should be able to:

Able to perform transactional accounting and double-entry accounting.
Able to produce accurate financial statements and reports.
Able to determine the impact of accounting standards on financial information.

Course Brochure

Download WSQ - Advanced Transactional Accounting with Quickbooks Online Course Brochure

Skills Framework

This course follows the guideline of Transactional Accounting ACC-CRP-4009-1.1 TSC under Accounting Skills Framework

Certification

Certificate of Completion from Tertiary Infotech - Upon meeting at least 75% attendance and passing the assessment(s), participants will receive a Certificate of Completion from Tertiary Infotech.
OpenCerts from SkillsFuture Singapore - After passing the assessment(s) and achieving at least 75% attendance, participants will receive a OpenCert (aka Statement of Achievement) from SkillsFuture Singapore, certifying that they have achieved the Competency Standard(s) in the above Skills Framework.

WSQ Funding

WSQ funding is only applicable to Singaporeans and PR. Subject to eligibility, the funding support is subjected to funding caps.

Effective for courses starting from 1 Jan 2024
Full Fee	GST	Nett Fee after Funding (Incl. GST)
		Baseline	MCES / SME
$800	$72.00	$472.00	$312.00

Baseline: Singaporean/PR age 21 and above
MCES(Mid-Career Enhanced Subsidy): S'porean age 40 & above

Upon registration, we will advise further on how to tap on the WSQ Training Subsidy.

You can pay the nett fee (after the WSQ training subsidy) by the following :

SkillsFuture Enterprise Credit (SFEC)

Eligible Singapore-registered companies can tap on $10000 SFEC to cover out-of-pocket expenses.Click here to submit SkillsFuture Enterprise Credit

SkillsFuture Credit (SFC)

Eligible Singapore Citizens can use their SFC to offset course fee payable after funding but the $4,000 Additional SFC (Mid-Career Support) cannot be used. Click here for SkillsFuture Credit submission

UTAP

Eligible NTUC members can apply for 50% of the unfunded fee from UTAP, capped up to $250/year and for members aged 40 and above, capped up to $500/year. Click here to submit UTAP

PSEA

Eligible Singapore Citizens can use their PSEA funds to offset course fee payable after funding.

To check for Post-Secondary Education Account (PSEA) eligibility for this course, Visit SkillsFuture (course code: TGS-2023018989)

Scroll down to “Keyword Tags” to verify for PSEA eligibility.
If there is “PSEA” under keyword tags, the course is eligible for PSEA.

Course Code: TGS-2023018989

Post-Course Support

We provide free consultation related to the subject matter after the course. Please email your queries to enquiry@tertiaryinfotech.com and we will forward your queries to the subject matter experts and get back to you asap.

Course Cancellation/Reschedule Policy

We reserve the right to cancel or re-schedule the course due to unforeseen circumstances. If the course is cancelled, we will refund 100% to participants.
Note the venue of the training is subject to changes due to class size and availability of the classroom.
Note the minimal class size to start a class is 3 Pax.

Course Details

Topic 1: Transactional Accounting

What is double entry accounting?
Work with the charts of accounts
Create bank accounts and credit cards
Setup sales tax
Create inventory and non-inventory products
Setup customers, suppliers, employees
Create projects
Day to day operations
Enter timesheets
View reminders for overdue invoices
Send statements to customers
Record Depreciation and Inventory Adjustment
Setup bank rules
Reconcile bank accounts
Handle special cases
Issue refunds
Handle customer credits
Automate recurring transactions

Topic 2: Financial Reporting

Review financial info in the dashboard
Use tags to categorise your finances
Run financial reports
Pay sale tax
Record deprecation
Analyze management reports
Customize and memorize reports

Topic 3: Accounting Principles and Standards

Overview of accounting principles and GAAP
The accrual principle
Impact of financial standards on financial statements

Final Assessment

Written Assessment - Short Answer Questions (WA-SAQ)
Practical Performance (PP)

Course Info

Promotion Code

Promo or discount cannot be applied to WSQ courses

Minimum Entry Requirement

Knowledge and Skills

Able to operate using computer functions
Minimum 3 GCE ‘O’ Levels Passes including English or WPL Level 5 (Average of Reading, Listening, Speaking & Writing Scores)

Attitude

Positive Learning Attitude
Enthusiastic Learner

Experience

Minimum of 1 year of working experience.

Minimum Software/Hardware Requirement

Softtware:

You need to sign up a free Quickbooks Online account.

Hardware: Window and Mac Laptops

About Progressive Wage Model (PWM)

The Progressive Wage Model (PWM) helps to increase wages of workers through upgrading skills and improving productivity.

Employers must ensure that their Singapore citizen and PR workers meet the PWM training requirements of attaining at least 1 Workforce Skills Qualification (WSQ) Statement of Attainment, out of the list of approved WSQ training modules.

For more information on PWM, please visit MOM site.

Funding Eligility Criteria

Individual Sponsored Trainee

Employer Sponsored Trainee

Singapore Citizens or Singapore Permanent Residents
From 1 October 2023, attendance-taking for SkillsFuture Singapore's (SSG) funded courses must be done digitally via the Singpass App. This applies to both physical and synchronous e-learning courses.
Trainee must pass all prescribed tests / assessments and attain 100% competency.
We reserves the right to claw back the funded amount from trainee if he/she did not meet the eligibility criteria.

Singapore Citizens or Singapore Permanent Residents who are DIRECT EMPLOYEE of the sponsoring company.
From 1 October 2023, attendance-taking for SkillsFuture Singapore's (SSG) funded courses must be done digitally via the Singpass App. This applies to both physical and synchronous e-learning courses.
Trainee must pass all prescribed tests / assessments and attain 100% competency.
We reserves the right to claw back the funded amount from the employer if trainee did not meet the eligibility criteria.

SkillsFuture Credit:

Eligible Singapore Citizens can use their SkillsFuture Credit to offset course fee payable after funding.

PSEA:

To check for Post-Secondary Education Account (PSEA) eligibility, goto mySkillsFuture portal and search for this course code.
Scroll down to "Keyword Tags" to verify for PSEA eligibility.
If there is “PSEA” under keyword tags, the course is eligible for PSEA.
And if there is no “PSEA” under keyword tags, the course is ineligible for PSEA.
Not all courses are eligible for PSEA funding.

Absentee Payroll (AP) Funding:

$4.50 per hour, capped at $100,000 per enterprise per calendar year.
AP funding will be computed based on the actual number of training hours attended by the trainee.

SFEC:

If the Training Provider has submitted an enrolment for course fee grant claim in Training Partners Gateway (TPGateway), SSG would be able to derive SFEC funding based on this record. There is no need for enterprise to submit any claim request and the SFEC claim will be automatically generated and disbursed.
Where there is no such record, eligible employers are required to submit an SFEC claim after course completion via the SFEC microsite.
SkillsFuture Enterprise Credit (SFEC) Microsite

Steps to Apply Skills Future Claim

The staff will send you an invoice with the fee breakdown.
Login to the MySkillsFuture portal, select the course you’re enrolling on and enter the course date and schedule.
Enter the course fee payable by you (including GST) and enter the amount of credit to claim.
Upload your invoice and click ‘Submit’

SkillsFuture Level-Up Program

The SkillsFuture Level-Up Programme provides greater structural support for mid-career Singaporeans aged 40 years and above to pursue a substantive skills reboot and stay relevant in a changing economy. For more information, visit SkillsFuture Level-Up Programme

Get Additional Course Fee Support Up to $500 under UTAP

The Union Training Assistance Programme (UTAP) is a training benefit provided to NTUC Union Members with an objective of encouraging them to upgrade with skills training. It is provided to minimize the training cost. If you are a NTUC Union Member then you can get 50% funding (capped at $500 per year) under Union Training Assistance Programme (UTAP).

For more information visit NTUC U Portal – Union Training Assistance Program (UTAP)

Steps to Apply UTAP

Note

SSG subsidy is available for Singapore Citizens, Permanent Residents, and Corporates.
All Singaporeans aged 25 and above can use their SkillsFuture Credit to pay. For more details, visit www.skillsfuture.gov.sg/credit
An unfunded course fee can be claimed via SkillsFuture Credit or paid in cash.
UTAP funding for NTUC Union Members is capped at $250 for 39 years and below and at $500 for 40 years and above.
UTAP support amount will be paid to training provider first and claimed after end of class by learner.

Job Roles

Accountant
Bookkeeper
Financial Controller
Business Owner
Finance Manager
Accounts Payable Specialist
Accounts Receivable Specialist
Financial Analyst
Small Business Consultant
Office Manager
Payroll Administrator
Budgeting Specialist
Tax Preparer
Accounting Clerk
Finance Coordinator

Trainers

Gary Chan: Gary Chan is a ACTA certified trainer. Gary Chan is a Chartered Accountant (ACCA, UK) and a member of the Institute of Singapore Chartered Accountants (ISCA). He has a MBA in International Business from Henley University (UK) and a Master degree in Strategic Marketing (Ireland). He is an ACTA certified trainer.

Gary has more than 20 years in business and financial management responsibilities in multinationals and local SMEs and more than 10 years’ experience of teaching/training/consulting in financial, business management & development, sales and marketing and leadership.

Malcolm Soo: Malcolm Soo is a ACTA certified trainer. He is a chartered Accountant. Have more than 20 years Accounting/Tax Experience. Currently, a freelance accountant and trainer for the following: LCCI 1 & 2, Accounting for Non-Financial Professional and QuickBook.

Bell Ang Chai Huat: Bell Ang is a ACTA certified trainer. Bell Ang is a Certified Practicing Accountant, member of CPA Australia. Approved mentor of Singapore Accountancy Commission. She is an ACTA Certified trainer and Xero Certified Advisor.

With more than 40 years working experience, Bell has held positions both in the Accounting/Finance and IT consultancy positions in various industries.
As an IT consultant, Bell specialises in the financial systems for example, Oracle financial, Scala. She has successfully led and handled more than 20 projects with full implementation and conducted several in-house and clients' trainings.

Customer Reviews (5)

A very good trainer and very helpful Review by Course Participant/Trainee

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A very good trainer and very helpful (Posted on 7/8/2024)

will recommend Review by Course Participant/Trainee

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. (Posted on 7/8/2024)

will recommend Review by Course Participant/Trainee

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. (Posted on 7/8/2024)

will recommend Review by Course Participant/Trainee

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. (Posted on 7/17/2023)

will recommend Review by Course Participant/Trainee

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3. How do you find the training environment

It is fine (Posted on 4/9/2023)

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About Us

Tertiary Courses, founded in 2014, specializes in providing modular, skill-based courses tailored to Industry 4.0. We are WSQ Approved Training Organization (ATO), and IBF Approved ATO.. We are also Authorized Microsoft Learning Partner, Autodesk Authorized Training Center (ATC), Pearson Vue Authorized Test Center and Kryterion Authorized Testing Center. We offer a comprehensive range of training, certification prep and certification exam services. Additionally, we are a registered supplier with Singapore GeBiz, further solidifying our position as a trusted educational institution in the region.

Training Grants and Subsidies

We have various grants and subsidies for different courses. Please check the respective funding available on individual course page.

WSQ: Company and Singaporeans/PR can apply WSQ 70-90% funding depending on eligibility
SkillsFuture Enterprise Credit (SFEC) - Eligible Singapore-registered companies can tap on $10000 SFEC to cover up to 90% of out-of-pocket expense
SkillsFuture Credit: All Singaporeans aged 25 and above can use their $500 SkillsFuture Credit from the government to pay for a wide range of approved skills-related courses.
IBF-STS Companies and Singaporeans/PR can apply IBF-STS 70-90% funding depending on eligibility
UTAP: NTUC members enjoy 50% subsidy for unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP
SGTech STAR Fund: SGTECH members enjoy $500 grant per pax for SGTech STAR courses