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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:

LO1: Able to perform transactional accounting and double-entry accounting.
LO2: Able to produce accurate financial statements and reports.
LO3: 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.

Once you are eligible for PSEA, please download and fill up the PSEA Withdrawal Form and email to us.

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.

Course Cancellation/Reschedule Policy

You can register your interest without upfront payment. There is no penalty for withdrawal of the course before the class commerce.
We reserve the right to cancel or re-schedule the course due to unforeseen circumstances. If the course is cancelled, we will refund 100% for any paid amount.
Note the venue of the training is subject to changes due to availability of the classroom

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.

Prerequisite: Basic Quickbook knowledge.

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.

Appeal Process

The candidate has the right to disagree with the assessment decision made by the assessor.
When giving feedback to the candidate, the assessor must check with the candidate if he agrees with the assessment outcome.
If the candidate agrees with the assessment outcome, the assessor & the candidate must sign the Assessment Summary Record.
If the candidate disagrees with the assessment outcome, he/she should not sign in the Assessment Summary Record.
If the candidate intends to appeal the decision, he/she should first discuss the matter with the assessor/assessment manager.
If the candidate is still not satisfied with the decision, the candidate must notify the assessor of the decision to appeal. The assessor will reflect the candidate’s intention in the Feedback Section of the Assessment Summary Record.
The assessor will notify the assessor manager about the candidate’s intention to lodge an appeal.
The candidate must lodge the appeal within 7 days, giving reasons for appeal
The assessor can help the candidate with writing and lodging the appeal.
he assessment manager will collect information from the candidate & assessor and give a final decision.
A record of the appeal and any subsequent actions and findings will be made.
An Assessment Appeal Panel will be formed to review and give a decision.
The outcome of the appeal will be made known to the candidate within 2 weeks from the date the appeal was lodged.
The decision of the Assessment Appeal Panel is final and no further appeal will be entertained.
Please click the link below to fill up the Candidates Appeal Form.

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

Iris Wang: Iris Wang is a seasoned accounting and finance professional with over 15 years of experience in financial management, bookkeeping, and business advisory across corporate and SME sectors. She has extensive expertise in implementing and managing accounting systems such as QuickBooks Online, Xero, and MYOB, helping businesses streamline their financial operations and ensure compliance with regulatory standards. Iris has trained numerous professionals and entrepreneurs in adopting cloud-based accounting tools, leveraging automation to enhance accuracy, reporting efficiency, and financial decision-making.

In “Advanced Transactional Accounting with QuickBooks Online,” Iris focuses on empowering learners to master advanced accounting functions within QuickBooks. Her sessions cover complex areas such as multi-currency reconciliation, automated reporting, and audit trail management, along with real-world case scenarios to reinforce learning. With her deep technical knowledge and practical teaching approach, she enables participants to efficiently manage end-to-end financial workflows and unlock the full potential of QuickBooks Online for business growth and financial excellence.

Gary Chan: Gary Chan is a Chartered Accountant (ACCA, ISCA) with more than 25 years of experience in corporate finance, strategic management, and regional expansion. Having served in senior leadership roles such as Regional CFO, Director of Corporate Services, and Vice President for Asia Pacific in Fortune 500 companies, he brings extensive expertise in financial planning, P&L management, and international business strategy. Currently the Principal Trainer and Consultant at Smart Skill Training & Consulting, Gary has conducted courses in financial literacy, corporate finance, and accounting systems for organizations such as Singapore Polytechnic and the Institute of Financial Literacy.

As an ACTA-certified trainer, Gary specializes in equipping professionals and SMEs with accounting and financial management skills using digital platforms such as QuickBooks Online. His training emphasizes real-world financial processes, from transactional accounting to management reporting, ensuring participants gain both technical proficiency and applied financial knowledge. By combining leadership experience with hands-on expertise, Gary enables learners to confidently manage advanced accounting transactions and streamline business operations.

Soo Chee Kong (Malcolm Soo): Soo Chee Kong, also known as Malcolm Soo, is a Chartered Accountant of Singapore with extensive experience in financial planning, analysis, and management reporting. He has held key finance roles in organizations such as JTC Corporation, Eu Yan Sang, and Sumitomo Electric, where he managed budgeting processes exceeding billions of dollars in revenue and capital expenditure. His professional expertise includes SAP financial systems, Excel financial modeling, and compliance with internal controls, giving him a strong foundation in both operational and strategic finance.

As an ACTA-certified trainer, Malcolm has delivered courses in accounting, budgeting, and financial reporting, including training for LCCI and non-financial professionals. In this program, he guides learners through the use of QuickBooks Online for advanced transactional accounting, enabling them to streamline processes such as accounts receivable/payable, reconciliations, and reporting. His practical, case-based teaching style ensures participants develop both the confidence and the competence to apply QuickBooks in real-world financial operations.

Bell Ang Chai Huat: Bell Ang is a CPA (Singapore, Australia) and finance professional with more than 40 years of experience in accounting, IT consulting, and financial management. She has held leadership roles such as Finance Manager and Regional Finance Manager, where she implemented ERP systems, streamlined business processes, and enhanced financial reporting capabilities. Proficient in a wide range of accounting systems including Oracle, Hyperion, MYOB, and Accpac, Bell combines deep technical expertise with practical business applications.

As an ACTA-certified trainer, Bell has conducted professional courses in accounting systems, financial reporting, and management analysis. In this course, she focuses on teaching learners how to apply QuickBooks Online for advanced transactional accounting, from handling multi-entity transactions to generating analytical reports. Her extensive experience in both finance and IT allows her to bridge technical system knowledge with accounting best practices, ensuring participants gain practical, job-ready skills.