Can anyone point me to a tutorial or similar, aimed at qualified accountants, which is an orientation course when adapting to QuickBoooks Online (QBO)?
I am attempting to make the transition from traditional desktop accounting to QBO. Since QBO, like Xero, seems to be aimed primarily at users who for the most part have almost nil in the way of accounting background, it seems (understandably but frustratingly) to avoid all the traditional accounting system terminology (or jargon, depending upon your viewpoint) and structure with which I was brought up and am so at home. Things like Sales Daybook, Purchase Daybook, and crucially a clear audit trail.
As a specific example, I am logged into the QBO UK sample/demo company and have found the TB (relief!). From there I can I drill down into the Sales account which takes me to a report itemising, with invoice numbers, the make-up of the sales figure in the TB. So far so good. But when I click on one of the constituent invoice lines the underlying invoice to which I am taken (Inv 1009 in this case) is in US$, is long and complex with several rows bearing different dates, and some undated, and nothing equates to the value making up the TB value. (Value from this invoice reported in TB for period 01/01/2018 to 19/10/2018 is £1,494.91. The underlying invoice is in US$ and the net VAT total is $43,606.58.) I have no idea what from that invoice ended up in the Sales nominal account for the period I am looking at – nor for any period come to that.
This does not constitute an audit trail.
I must be missing something fundamental (I hope so, since client is switching to QBO), which is why I am asking for an orientation course aimed at traditional accountants. If I can’t find my way, reliably and unambiguously, from source to TB to accounts and back again I am lost.
Any thoughts (other than a general “there are lots of You tube videos available” – coz I know that, thanks?