Intuit Academy Bookkeeping

There are exams on business communications, cash flow, and balance sheet management, and analyzing key reports. In week 1 of the course, you’ll be introduced to different liabilities, and how to account for them using sales tax payable accounts. There’s guidance on discussing credit with clients, and managing lines of credit, with 3 useful quizzes for testing your knowledge. The first course in the https://adprun.net/understanding-the-cost-of-bookkeeping-for-small/ Professional Certificate introduces beginners to the concepts of bookkeeping and accounting.

• We’ll cover how long it takes to earn your credentials, the costs involved, and the specific lessons each module will cover.
• The core concepts covered in the exam include accounting basics; accounting for assets and sales transactions; accounting for liabilities, equity, and purchase transactions; reconciliation and financial statements.
• You’ll gain a foundational understanding of accounting principles and an introduction to QuickBooks Online through hands-on practice working with real-world accounting scenarios.
• These users do not desire to engage a professional tax preparer, but they do have occasional questions.
• However, they may be less likely to offer training or educational opportunities.
• Get started by signing up for the Intuit Bookkeeping Certification program today.

For the other 40%, Intuit asks why they are not connected to an accounting professional. Many small businesses respond that, even though they may need some questions answered and/or some setup support, they are not ready to directly engage an accounting professional. Certified Bookkeeper Certifications & Licenses CPB and CB Over the past ten years, the development of online accounting software, APIs, bank feeds, and machine learning has gradually reduced the need to “key in” transactions. Now, tech savvy bookkeepers who understand how to integrate applications hardly ever do data entry.

Working with our Live Bookkeepers

To successfully complete the Intuit Bookkeeping Professional Certificate, you will need to finish all 4 modules, including the accompanying hands-on quizzes and projects involved in each course. All of the modules have their own quizzes accompanying each week of lessons, designed to test your skills. There are 67 hours of course content in total, including various hands-on projects, videos, and written resources. With the included hands-on projects, Intuit suggests this specialization will take around 80 hours to finish. You can pace your lessons according to your needs, but you will need to complete all 4 courses, the included projects, and the Intuit Certified Bookkeeping Professional exam.

It appears that TurboTax Live experts make somewhere between $17 to $22 per hour. That’s less than the mean hourly wage of tax preparers nationwide, so it’s not a good barometer of how compensation will shape up for Intuit’s future force of QuickBooks Live bookkeepers. It’s only a matter of time until artificial intelligence becomes sophisticated enough to do it all. With its assisted bookkeeping service, Intuit is just filling the gap until the technology can catch up. Companies such as Intuit that have learned to automate many parts of the bookkeeping process know there is still much to be automated, but don’t necessarily know what that is. Hence the need for in-house bookkeepers to help them figure out across tens of thousands of small businesses which part of the bookkeeping process to automate next.

What ProAdvisors are Saying about QuickBooks Live

The four courses that comprise this Professional Certificate program will give you a foundational understanding of accounting principles and bookkeeping best practices. You’ll work through the many phases of the accounting cycle, generate essential financial documents, and practice synthesizing and presenting financial findings to key stakeholders. Bookkeepers are not required to have certifications or specific education unless required by a specific employer.

The Intuit Tax and Bookkeeping Talent Community is a great place to find remote bookkeeping jobs and access training material. Live Bookkeepers aren’t responsible for errors resulting from incorrect information that you provide, or if you re-open the books by overriding closure after a Live Bookkeeper completes the month-end closure. Yes, you’re free to switch QuickBooks Online plans or cancel at any time. Have your questions answered and learn more about QuickBooks Live Bookkeeping.