Master QuickBooks & International Accounting in 5 Easy Steps to Simplify Global Finances

Last Updated on August 2, 2025 10:27:57 PM by Vivek Makwana

In today’s Digital Business World, being Good at Accounting Means more than just Crunching Numbers. You need Practical Software Skills like QuickBooks 💻 and a Solid Understanding of International Accounting Standards (IFRS) 🌐.

This guide is your one-stop resource to learn both — no jargon, no confusion. Let’s break it down step by step with helpful tips, emojis 😎, and official resources 🔗.

💼 What is QuickBooks and Why Should You Learn It?

QuickBooks is one of the world’s most popular accounting software programs, especially for small and medium businesses (SMBs) 🏢. It’s user-friendly, cloud-based, and automates daily financial tasks like:

✔️ Invoicing
✔️ Expense tracking
✔️ Payroll management
✔️ Tax calculations
✔️ Inventory management

🛠️ Versions of QuickBooks:

• QuickBooks Online  (QBO) ☁️ The most popular version, accessible from anywhere
• QuickBooks Desktop 🖥️ – Feature-rich but tied to one device.
• QuickBooks Self-Employed 👨‍💻 – Ideal for freelancers and gig workers.

🔗 Official Website: https://quickbooks.intuit.com

🎓 How to Learn QuickBooks (Free + Paid Options)

1️⃣   Official Intuit Resources 📚

You can start with free tutorials offered by Intuit itself.

🔗 QuickBooks Learn & Support Center – Get how-to guides and videos.
🔗 Intuit Academy for Certification – Learn and earn an official certificate. Great for resumes! 🎓

2️⃣   Practice in Real Time 🧪

Online offers a demo company that you can use to practice tasks such as:

• Creating invoices 🧾
• Recording expenses 💸
• Reconciling bank accounts 🏦
• Running profit & loss reports 📊

3️⃣   Extra Help via YouTube & Courses 🎥

Top YouTube Channels:

• Hector Garcia CPA 🧠
• FitSmallBusiness 📈
• QuickBooks India

📘 Paid Platforms:

• Udemy
• LinkedIn Learning
• Coursera

Most of these courses are beginner-friendly and often under Rs1000 during discounts 💰.

🌐 What is International Accounting (IFRS)?

If you dream of working for a multinational company (MNC) or serving global clients, you must learn International Financial Reporting Standards (IFRS) 📄.

IFRS is a global framework for preparing financial statements, created by the International Accounting Standards Board (IASB) 🏛️.

🌍 140+ countries, including India 🇮🇳, have adopted or aligned with IFRS.

🔗 IFRS Official Website

IFRS in India: What You Should Know

India uses a localized version of IFRS known as Ind AS (Indian Accounting Standards) 🧾. These are governed by the Ministry of Corporate Affairs (MCA).

🔗 MCA Ind AS Info Page

🧠 Ind AS is mandatory for:

• All listed companies on NSE/BSE 📈
• Large private companies (based on net worth criteria) 🏢

📌 Important IFRS Standards You Should Learn

Here are some beginner-friendly standards that have real-world application:

1. IFRS 15 – Revenue Recognition 💵
   Learn how to record sales or services correctly.
2. IFRS 16 – Lease Accounting 🏠
   Know the rules for renting office spaces, machinery, etc.
3. IFRS 9 – Financial Instruments 💳
   Covers loans, investments, and risk management.
4. IAS 1, 2, 7 –
   1. 📄 IAS 1: Presentation of financial statements📦 IAS 2: Inventory handling
   1. 💧 IAS 7: Cash flow statements

🔗 List of All IFRS Standards

🔄 How QuickBooks and IFRS Work Together

QuickBooks = Hands-on bookkeeping 👨‍💻
IFRS = Global reporting rules 📘

✅ Example:
When recording a customer advance, Its helps you create an entry. But IFRS 15 tells you when and how to recognize that revenue.

Knowing both means:

• Your reports will match legal standards 📜
• You’ll be trusted by international clients 🌐
• You can offer services as a freelance accountant or consultant 💼

🧠 Where to Learn IFRS in India

🎓 Top Resources

• ICAI (India) – Offers courses and webinars on Ind AS
  🔗 https://www.icai.org
• ACCA Global – Offers globally recognized IFRS certifications
  🔗 https://www.accaglobal.com
• Coursera/EdX – Learn IFRS from global universities online.

You can also explore the IFRS YouTube channel for summaries and walkthroughs.

🚀 Quick Tips to Learn Fast

📅 Set Weekly Goals
Learn one topic per week: invoicing, revenue, lease, etc.

🧪 Practice Real Examples
Use sample companies and align them with IFRS regulations.

👥 Join Communities

• Reddit: r/Accounting
• LinkedIn Groups: “QuickBook Experts India”
• QuickBook India Facebook group

🔔 Stay Updated
Follow IFRS.org and MCA updates to stay current with regulation changes.

📊 Career Scope & Opportunities

Learning both QuickBook and International Accounting can help you:

• Get hired as a bookkeeper, accountant, or finance analyst
• Offer freelance accounting services online 💼
• Join international companies 🌏
• Start your own consulting or tax filing business 📋

🧾 QuickBooks Online Payroll:

QuickBook Online Payroll is a smart solution for small businesses to manage salaries, taxes, and compliance—all in one place! 💼 You can pay employees via direct deposit 💳, auto-calculate taxes 🧮, file returns 📄, and generate payslips with ease 🖨️. It even updates tax rates automatically ⚙️ and integrates seamlessly with QuickBook accounting 🔗. Whether you have 1 employee or 100, it’s a time-saving tool ⏱️ that keeps your payroll stress-free 🎯.

• 🔗 Learn more: https://quickbooks.intuit.com/payroll/
• ✅ Perfect for Indian businesses going digital! 🇮🇳

📘 QuickBooks Accounting Package:

 QuickBook Accounting Package is your all-in-one tool for managing business finances with ease! 💼 From tracking income & expenses 💰 to creating invoices 🧾, generating GST reports 🇮🇳, and reconciling bank accounts 🏦—everything is automated and user-friendly 🎯. Ideal for startups, freelancers, and growing businesses 🚀, QuickBook saves time ⏱️ and boosts accuracy ✅. Cloud-based ☁️ and mobile-friendly 📱, you can access your books anytime, anywhere! 🌍

💸 QuickBooks Online Pricing:

QuickBook Online Pricing  offers flexible plans to fit every business size! 🏢 In India 🇮🇳, pricing starts at just ₹5,099/year for the Simple Start plan—ideal for freelancers 👨‍💻 and startups 🚀. The Essentials plan adds features like bill management 📑 and multi-user access 👥. Need more? Go for Plus, perfect for inventory 🛒 and project tracking 📊. All plans include free support 📞, mobile access 📱, and GST compliance 🇮🇳.

🎁 Free trial available!
🔗 Official pricing page: https://quickbooks.intuit.com/in/pricing/

✅ Affordable. Scalable. Made for Indian businesses!

🌍 Where to Get QuickBooks Online International Accounting Work 💼

Looking to get paid work using QuickBook Online + international accounting skills? 💰 Start by creating a profile on freelancing platforms like Upwork 🌐, Fiverr 🎯, and Freelancer 🧑‍💻. Highlight your skills in QuickBook, IFRS, and multi-currency bookkeeping 💵. Apply to gigs from clients in the US 🇺🇸, UK 🇬🇧, Canada 🇨🇦, and more. Join Facebook groups and LinkedIn communities for virtual bookkeepers 🤝. Additionally, sign up with outsourcing firms in India 🇮🇳 that cater to international clients 🌍.🔍 Tip: Showcase certifications & offer a free trial to land your first job! 🌟
✅ Global clients need QuickBooks pros—why not you? 🚀

💰 Monthly Income Potential with QuickBooks Skills 📊

Wondering how much you can earn using QuickBooks? 🧾 Freelancers offering QuickBooks services (like bookkeeping, payroll, or GST filing) typically earn ₹30,000 to ₹1,50,000+ per month in India 🇮🇳. On platforms like Upwork or Fiverr, global clients 🌍 pay $10–$50/hour 💵 based on your expertise and certifications 🎓. Virtual accountants working full-time for foreign companies can earn even more 🚀. Start with 1–2 clients, then grow your portfolio 👥. Add international accounting (IFRS 🌐) to boost your value!

✅ The more skilled you are, the more you earn! 📈
🔧 Your QuickBooks skills = income engine! 🔥

📝 Final Thoughts

In today’s competitive world, being good at accounting means combining practical skills (like QuickBooks) with global standards knowledge (like IFRS/Ind AS).

🎯 If you’re serious about building a future-proof career in finance, accounting, or business, this combo is a powerful investment in yourself.

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