Corporations looking to reskill or upskill their employees with QuickBooks training can consider specific corporate training options. Corporate training can be a quick and cost-effective way to train employees with new skills that are suited to your organization’s specific needs. Employees can be trained as a group onsite at your company, attend an in-person class in a nearby training facility, or individually take a live online class from any location. Read on to learn about what to consider when looking for corporate QuickBooks training options and to learn about the options that are available for onsite and online training.
What is QuickBooks?
QuickBooks is a widely used accounting and bookkeeping software from Intuit. Primarily used by small and medium businesses, QuickBooks helps businesses to track and manage everything to do with their finances. Using QuickBooks, businesses can monitor their cash flow and profits and losses by tracking sales, expenses, customers, and payments. QuickBooks is also often used to create and send invoices, manage a business’s inventory, and handle employee payroll. It also has budgeting, time tracking, and daily task features to keep businesses running efficiently.
QuickBooks helps businesses ensure the accuracy of their records by directly connecting sales channels to QuickBooks and reconciling bank transactions with the information one inputs. The software also has features to help with tax preparation and can be used as a way to collaborate and share documents with an accountant. QuickBooks is a subscription-based software with tiered pricing that comes in different versions depending on the user’s storage and business needs. Intuit offers QuickBooks with basic to premium plans of its cloud-based QuickBooks Online, a computer-installed QuickBooks Desktop Enterprise version for larger or more complex companies, and a version for freelancers and independent contractors called QuickBooks Solopreneur.
What Can You Do with QuickBooks Skills?
QuickBooks software has many different applications and uses across a wide variety of industries. Many small and medium-sized businesses use QuickBooks for its record-keeping features as it was originally designed for businesses without a dedicated accounting department. QuickBooks allows someone to track and categorize many things such as expenses, sales, transactions, and customer, vendor, and inventory lists. This makes QuickBooks a great option for those needing to keep all of their business records in one place.
Additionally, many people use QuickBooks to create and send invoices, manage employee payroll, help prepare their taxes, maintain a budget, and automate tasks. QuickBooks includes features to automate accounts payable and receivable. Many use QuickBooks to automate sending customer invoices or payment reminders or even to keep employees updated on crucial tasks and send deadline reminders. These features of QuickBooks allow you to increase productivity and maintain efficient workflows so that you do not constantly need to task employees with work that can be done by the QuickBooks software itself.
Not only do businesses use QuickBooks, but QuickBooks is often used by self-employed people like freelancers and independent contractors. QuickBooks offers a specific version of the software called QuickBooks Solopreneur (formerly QuickBooks Self-Employed or SE). Many people find that once they link their accounts, it is easy to import their transactions and the QuickBooks software will automatically work to tag one’s income. Self-employed users will likely need to do a bit of extra work to categorize their transactions more effectively for their own needs, but QuickBooks can do much of the bookkeeping work automatically and make tracking finances easier for individuals.
Benefits of QuickBooks Corporate Training
QuickBooks corporate training is a great way to provide employees with the knowledge and skills necessary to use QuickBooks. Intuit first developed QuickBooks for businesses that lacked an accounting department, though now QuickBooks has become comprehensive and feature-laden enough that it can also be used to replace some accounting departments or condense processes that multiple employees would otherwise be tasked with working on. Whether one is interested in training employees to use QuickBooks for the first time or upskilling their accounting knowledge with QuickBooks training, it is essential that they receive expert, up-to-date training that is specific to the features and options that your business needs.
Corporate training in QuickBooks will be especially important for those who need to train more than one employee at a time or who want to make sure their employees can utilize the advanced features of QuickBooks. While some aspects of QuickBooks will be easy or even intuitive for those with training in accounting and bookkeeping, other features like creating customized reports, using progress, time, and inventory tracking and management features, creating role-based user permissions, or setting up workflow automation can be difficult to master. Corporate training can help employees get a handle on these more difficult features and this kind of training can be custom-tailored to a company’s specific needs as a business.
If one’s company uses the QuickBooks Desktop Enterprise edition of QuickBooks, it is particularly important that one has knowledgeable employees who know how to utilize this version of QuickBooks. QuickBooks Desktop Enterprise is for larger and more complex organizations, like those that handle more than one business, need to deal with large amounts of orders, inventory, and customers, and have larger numbers of accounting professionals using the software so that they can delegate tasks better throughout the organization. This version contains even more customization options and can even be tailored to one’s specific industry. Because this version includes more features that are customizable and bespoke, one will want to make sure that their employees tasked with accounting duties know how to utilize both basic and advanced features of QuickBooks Desktop.
Who Benefits Most from QuickBooks Corporate Training?
Small-to-medium-sized businesses will benefit the most from QuickBooks corporate training. These businesses are the main audience for comprehensive accounting software like QuickBooks. QuickBooks is a great option for those businesses that need software to handle inventory, send invoices to customers, or manage employee payroll as well as those that want a deeper understanding of how to manage cash flow or track the performance of their business relative to one’s budget. QuickBooks can also help a business automate tasks and become more efficient as a company.
In terms of employees, it will be most beneficial for those employees tasked with dealing with a business’s sales, payments, taxes, and payroll to receive QuickBooks training. Depending on the size of one’s business, this may be multiple people or these duties may be part of one person’s role within the organization. Additionally, if employees have a background in bookkeeping, accounting, or financial management, it will be easier for them to transition into learning QuickBooks.
New Skills or Upskilling?
QuickBooks software can be considered a more specialized topic for one’s employees to learn. As such, one rarely needs to treat QuickBooks as an entirely new skill that employees will learn because those working with the software will most likely already be trained in accounting or bookkeeping. Further, it is unlikely that one will need their entire workforce to receive QuickBooks training. Instead, one usually has one employee tasked with accounting duties or, for larger small or medium-sized businesses, has a small team of employees tasked with working on different aspects of this job like payroll or inventory.
QuickBooks training will most often be a way to upskill an employee or a small number of employees within one’s organization. Training in QuickBooks will build upon an employee’s prior knowledge of accounting or even using other accounting software. QuickBooks training is a great upskilling option for someone who wants to use the more advanced features of QuickBooks or who wants to learn how to use a more comprehensive variety of accounting software. Overall, training in QuickBooks is best as an upskilling option for those with a background in finance rather than for a complete novice who would likely need additional skills training to understand the terms and principles the software is based on.
Onsite or Online?
It is important to determine whether employees should learn QuickBooks onsite or online. Onsite training is best for complex topics that need to be learned by many employees whereas online training is most useful for specialized topics that only one employee or a few employees need to learn. Which option one chooses should also depend on whether employees are expected to receive training during regular working hours, if so, then onsite training is a good option as one can ensure that employees receive the training and start to put it into practice immediately during the work day.
Onsite training involves bringing expert instructors to the site of one’s business for QuickBooks training. Usually, this type of training allows multiple employees, if not the entire workforce, to receive training simultaneously and at a time most useful for the company or organization. Onsite training can be more cost-effective because it allows employees to receive tailored training without having to use extra hours to complete training at home or on the weekend. For QuickBooks, it is unlikely that employees will need onsite training unless one is training multiple employees to use industry-specific features of the software.
Online QuickBooks training can be completed by taking a short one- or two-day live online class or enrolling in an on-demand class that allows learners to work through QuickBooks training at their own pace. This kind of training often needs to be done outside of regular working hours or even from home. Most online QuickBooks training classes, in general, should not be too costly and can take only a matter of six hours or multiple days to complete, making online training a good option. Online options are a great choice for training one employee or a few employees in how to use QuickBooks.
Training Options for Employees
In addition to a two-day QuickBooks Bootcamp, Noble Desktop offers corporate finance training which can aid one’s employees in using QuickBooks for financial modeling, advising, and analysis. Their three-day intensive Financial Modeling Bootcamp uses hands-on training to teach students how to build a comprehensive discounted cash flow model using Excel. This bootcamp can increase one’s ability to do detailed financial analysis that contributes to a business’s decision-making processes. Noble’s five-day Finacial Analyst Training Program is also a great way to teach employees new data analysis skills that can easily complement knowledge of QuickBooks.
Contact Noble Desktop to learn about creating customized corporate training for your organization’s needs.
Supplemental Training Options
Noble Desktop offers additional alternative training options. For those who need to train multiple employees in a new skill, Noble Desktop offers a discount on bulk enrollment vouchers for their classes. Additionally, employees can receive training through Noble outside of regular business hours, such as during the evenings or on weekends. Email Noble Desktop to learn more about their corporate training options or how to receive bulk enrollment vouchers.