Home
WSQ - Quickbooks Accounting System for Small and Medium Enterprises

WSQ - Quickbooks Accounting System for Small and Medium Enterprises

Upgrade your financial management capabilities with our WSQ Quickbooks Accounting System for Small and Medium Enterprises course. Designed to meet the unique accounting needs of SMEs, this course offers hands-on training on using Quickbooks for various accounting tasks, including invoicing, expense tracking, and financial reporting. You'll acquire the skills to set up and manage accounts, monitor cash flows, and generate accurate financial statements, empowering you to make data-driven decisions for business growth.

Unleash the full potential of Quickbooks to streamline your SME's accounting processes. The course covers key functionalities such as accounts payable and receivable, inventory management, and payroll processing. Whether you're a business owner, an accountant, or someone involved in financial management, this course provides you with a comprehensive understanding of Quickbooks, enabling you to optimize financial operations, maintain compliance, and drive business success.

Learning Outcomes

By the end of the course, learners will be able to

LO1: Configure and import relevant data to Quickbooks accounting system.
LO2: Input data to Quickbooks.
LO3: Compute GST for expenses and invoices.
LO4: Generate financial and accounting reports.

Disclaimer

We are not affiliated with Intuit Quickbooks. This course does not certify that you as Certified Quickbooks Professional. We use Quickbooks Online Plus only for the training of this course .

Course Brochure

Download WSQ - Quickbooks Accounting System for Small and Medium Enterprises Brochure

Skills Framework

This course follows the guideline of Accounting and Tax Systems ACC-ICT-4001-1.1 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
$350.00	$31.50	$206.50	$136.50

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

Course Code: TGS-2020505113

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: Introduction to Quickbooks Online Plus Accounting System

Overview of Quickbooks Online Plus
Setup Company Profile on Quickbooks
Import data from QuickBooks Desktop
Set Up Customers and Vendors
Set Up to Products and Services

Topic 2: Input Data to Quickbooks

Create Expenses and Bills
Create Recurring Expenses and Bills
Create Quotation, Invoices and Sales Receipt
Customize Invoice Template
Create Payments and Credit Memo to Invoices
Manage Overdue Invoices

Topic 3: Manage Goods and Services Tax (GST)

Singapore Tax and Corporate Laws
Enter GST for Expenses and Invoices

Topic 4: Financial and Accounting Reports

Profit and Loss (P&L) Report
Balance Sheet Report
Aging Report
GST Tax Return Report
Create Custom Reports

Final Assessment

Written Assessment - Short Answer Questions (WA-SAQ)
Oral Questioning (OQ)

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 with minimum Computer Literacy Level 2 based on ICAS Computer Skills Assessment Framework
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 18 years old

Minimum Software/Hardware Requirement

Software:

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 of age 21 and above
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 an experienced accounting and finance professional with over 15 years of expertise in bookkeeping, financial reporting, and tax compliance for small and medium enterprises (SMEs). She has successfully helped numerous businesses implement and manage accounting systems that improve financial accuracy and operational efficiency. Proficient in QuickBooks, Xero, and MYOB, Iris has guided organizations through digital transformation initiatives in accounting, ensuring proper system setup, automation of transactions, and streamlined reporting. Her practical knowledge of Singapore’s accounting standards and SME tax requirements allows her to bridge the gap between compliance and business performance.

In “QuickBooks Accounting System for Small and Medium Enterprises,” Iris teaches participants how to effectively use QuickBooks for day-to-day financial management and reporting. Her sessions cover company setup, chart of accounts customization, invoicing, expense tracking, and financial statement generation. With her step-by-step, hands-on approach, she helps learners gain the confidence to manage their accounting records efficiently. Iris emphasizes not only the technical use of QuickBooks but also best practices in financial management, empowering participants to make data-driven decisions for sustainable business growth.

Bell Ang Chai Huat: Bell Ang is an ACTA-certified trainer with over 45 years of professional experience, including 25 years in accounting and finance and 15 years in IT consulting. She has held senior roles in finance, HR, and administration across industries, with expertise in full-set accounting, ERP system implementation, GST reporting, and payroll. Having implemented multiple accounting software solutions such as MYOB, Oracle ERP, Scala, and Hyperion, she brings strong practical knowledge in streamlining accounting processes for SMEs.

In her QuickBooks training, Bell focuses on equipping learners with hands-on accounting skills relevant to SMEs. She emphasizes practical applications such as managing financial records, generating reports, handling GST submissions, and integrating payroll systems. With her combined background in accounting and IT, she ensures participants can confidently apply QuickBooks to improve efficiency, compliance, and financial decision-making in their businesses.

Malcolm Soo: Malcolm Soo is an ACTA-certified trainer and Chartered Accountant of Singapore with extensive experience in financial planning, reporting, and internal control compliance. He has conducted training for LCCI accounting modules, Accounting for Non-Financial Professionals, and corporate programs in financial systems implementation. With over 20 years of professional experience, including leadership roles at JTC Corporation and Eu Yan Sang, he is highly skilled in financial modeling, Excel, and SAP system integration.

In his QuickBooks training, Soo focuses on bridging financial theory with practical system use. He guides learners through setting up accounts, managing receivables and payables, generating financial statements, and applying internal controls using QuickBooks. His learner-centered approach ensures participants not only master the software but also understand how to apply it effectively in day-to-day SME operations.

Gary Chan: Gary Chan is an ACTA-certified trainer, Chartered Accountant (ACCA, ISCA), and senior executive with over 25 years of corporate finance, business management, and training experience. He has served as Regional CFO, Director of Corporate Services, and Vice President for Asia Pacific in multinational corporations, and has conducted training for organizations such as Singapore Polytechnic, LSBF, and Singapore Business Federation. His expertise spans accounting, corporate finance, business strategy, and SME financial management.

In his QuickBooks training, Gary emphasizes practical business applications of the system for SMEs. He teaches learners how to manage bookkeeping, budgeting, and cash flow, while leveraging QuickBooks reporting features for strategic decision-making. With his global outlook and strong training background, Gary ensures participants gain both the technical skills and financial insights needed to run their businesses more effectively.