Table of Contents

Topics Page No.

Meet our Mentors 1
Empowering Future Accountants: Cloud Accounting as a Global Career Path in Bangladesh 2
Training Course Summary 3
Learning Objectives 3
Who can participate in the training 4
Prerequisites for attending the training 4
Why Choose Abacus Academy 5
How we conduct the training 6
Enrollment Procedure 7
Module 1: QuickBooks Online (Basic to Advance) 8-10
Module 2: Xero (Basic to Advance) 11-12
Module 3: Wave Accounting (Basic to Advance) 13
Module 4: Freelancing Marketplace – Fiverr 13
Module 5: Freelancing Marketplace - Upwork 13
Module 6: Client Outreach and Lead Generation 14
Module 7: Effective Client Communication 15
Frequently Asked Questions (FAQ) 16-17

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 Meet our Mentors

Md. Shibli Sadiq

BBA, MBA (Finance & Banking)
Former Branch Manager, IFIC Bank PLC
Adjunct Faculty Member, International Islamic University Chittagong
QuickBooks Online Advanced Pro-Advisor & Xero Partner Accountant
Owner & CEO, Fair Accounting
Partner & Accounting Consultant, Abacus Associates
Professional Experience: 14+ years

Nazmus Sakib
BBA, MBA (Accounting), CMA (Part Qualified)
Former Accountant, BSRM Group
Cloud Accounting and Client Communication Expert
Trainer of Microsoft Excel
Partner & Lead Accountant, Abacus Associates
Professional Experience: 8+ years

Md. Amzad Hossen

BBS, MBS (Accounting), MBA (Finance & Banking), CMA (Part Qualified)
Head of Finance-Accounts & Administration, Frobel Academy (A concern of BSRM Group)
Licensed Tax Consultant at NBR and Member of Chittagong Taxes Bar Association (3536)
Cloud Accounting and Microsoft Excel Expert
Managing Partner, Abacus Associates
Professional Experience: 12+ years

Md. Rakibul Hasan

BBS, MBS (Accounting), PGD (Management)
Fiverr Top Rated Freelancer since 2022
Owner & Chief Accountant, DigiMatic Accounting (UK)
QuickBooks Online Advanced Pro-Advisor & Xero Partner Accountant
Former Accountant & HR Specialist at several renowned MNCs
Professional Experience: 8+ years

Md. Jahidul Islam

BBA, MBA (Finance & Banking)
Senior Accountant, Fair Accounting
Head of Operations & Mentor, Abacus Academy
QuickBooks Online Advanced Pro-Advisor & Xero Advisor
Professional Experience: 3+ years

Md. Jahirul Islam

BBA, MBA (Accounting)
Upwork Top Rated Freelancer since 2018
Professional Experience: 7+ years

Page 1 of 17
 Empowering Future Accountants:
Cloud Accounting as a Global Career Path in Bangladesh

Starting a career in Accounts and Finance in Bangladesh can be extremely challenging, especially without
going through the Articleship period under a Chartered Accountancy firm. Even for CA students who have
achieved the Course Complete (CA) certificate, success is not easy unless they qualify as a CA or CMA. This
has led to a decline in interest among young graduates in pursuing a career in this field. Many are now opting
for the Chartered Accountancy route, dedicating several valuable years to become a 'true' Accountant, while
others choose entirely different career paths.

However, Cloud Accounting offers a promising alternative. It doesn't require formal qualifications as a
Chartered Accountant; a basic to intermediate level of Accounting knowledge is sufficient. Cloud
Accountants can work virtually for businesses worldwide, from small local stores to multinational companies.
Surprisingly, the majority of global Cloud Accountancy jobs do not demand professional Accountancy
credentials like CA, CPA and CMA; technical proficiency and intermediate knowledge are often enough.

In contrast to neighboring countries like India and Pakistan, Bangladesh has not experienced a similar surge
in Cloud Accountants due to a lack of information and technical expertise. Abacus Academy, affiliated with
the Cloud Accounting firm Abacus Associates, aims to change this by providing education and training to
business students and Accounting professionals in Bangladesh. Their goal is to equip trainees with awareness
of the billion-dollar virtual Accountancy industry, offering them an alternative global career option and
reducing reliance on local opportunities.

The trainers at Abacus Academy are experienced Cloud Accountants themselves, sharing their knowledge
and experiences to help aspiring individuals start their careers in this industry with less struggle.

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 Training Course Summary

✓ Course Content: QuickBooks Online, Xero, Wave Accounting, Freelance Marketplaces (Fiverr &
Upwork) and Effective Client Communication.
✓ Course Fee: BDT 15,000/- (Fifteen Thousand Taka Only)
✓ Course Duration: 3 months
✓ Classes per Week: 3 (2 project demonstrations & 1 work review)
✓ Class Days: Saturday, Monday & Wednesday OR Sunday, Tuesday & Thursday
✓ Duration of Each Class: 2 hours 30 minutes (May extend up to 4 hours)
✓ Total Number of Classes: 40
✓ QuickBooks Online Classes: 12
✓ Xero Classes: 7
✓ Wave Accounting Classes: 3
✓ Work Assessment Classes: 12
✓ Fiverr Marketplace Classes: 2
✓ Upwork Marketplace Classes: 2
✓ Client Outreach & Lead Generation Class: 1
✓ Effective Client Communication Classes: 1
✓ Over 100 hours of live interactive online classes through Zoom platform
✓ Recorded class videos will be provided after each live class.

Learning Objectives

o Understand basic Bookkeeping and Accounting concepts.

o Confidently set up QuickBooks Online, Xero, and Wave accounts for clients.
o Navigate and utilize essential software options effectively.
o Record all types of transactions, including appropriate Sales Tax/VAT/GST, following IFRS & GAAP
standards.
o Record Payroll Journal Entries using reports provided by the local Payroll Accountant and reconcile
Payroll Liabilities from bank statements.
o Reconcile Complex Multi-Currency Bank Accounts, Credit Card & PayPal Accounts.
o Record and reconcile various income and expenses such as Gross Sales, Discounts, Rebates,
Refunds, Sales Tax/VAT/GST, Shipping Income, Shipping Charges, Marketplace Fees, FBA Fees,
Reserves, Net Proceeds, etc., using Detailed Sales and Payout Reports from platforms like Shopify,
Amazon, and Walmart (E-Commerce Bookkeeping).
o Utilize and customize important Financial Statements & Reports.
o Confidently identify and rectify bookkeeping errors and discrepancies during cleanup projects.
o Apply Problem Solving and Reasoning Skills to provide Accounting Advisory to clients.
o Create an impressive profile on Freelance Marketplaces (Fiverr and Upwork), win clients, and
successfully deliver projects.

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 Who can participate in the training

• Accounting & Finance Professionals employed in any public or private organization.

• Qualified CA, ACCA, CPA, CMA professionals engaged in Accountancy practice.
• Accounting or Finance graduates.
• Business Administration students (BBA, MBA, CA, ACCA, CMA, CFA, CGMA) with a clear
understanding of Accounting Cycle & Workflow.

Prerequisites for attending the training

• A clear understanding of Basic Accounting Cycle and Workflows, including Accounting Equation,
Journal Entries, Ledger Posting, Preparation of Financial Statements, Adjusting Entries: Deferrals &
Accruals, Closing Entries, Worksheet, Merchandising Operation, Periodic & Perpetual Inventory
System, Inventory Cost Flow Methods – FIFO, LIFO & Moving Average, Statement of Cost of Goods
Sold, Fixed Assets: Recording, Charging Depreciation & Disposal, Accounts Receivable & Accounts
Payable Management, and Bank Reconciliation.
• Basic IT skills, including proficiency in MS Excel, web browsing, WhatsApp Web, Google Drive, Google
Classroom, Zoom Meeting & Google Meet.
• Conversational English communication skills.
• Computer system requirements:
o Windows PC: Windows 10, Intel Core i3, 8 GB RAM, SSD for OS.
o Mac: OS X "Big Sur" 11.1 or newer.
o Internet connection: 5 Mbps or higher (Broadband).
• Availability to practice for at least 2 hours per day, excluding live classes.
• Commitment to submit assignments and projects on time.
• Access to a laptop or desktop PC with headphones and webcam.
• Willingness to share the screen during work review classes.

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 Why Choose Abacus Academy

o Abacus Academy is affiliated with Abacus Associates, a registered Partnership Firm in Bangladesh
with a Liaison Office in the USA, offering Bookkeeping and Accounting services globally.
o Our mentors are seasoned professionals with over 50 years of combined experience in Bookkeeping,
Accounting & Financial Management, having worked in leading Corporate Houses, Multi-National
Companies, and Renowned Banks.
o We have successfully served 600+ happy clients from the USA, UK, Canada, Australia, New Zealand,
Singapore, and UAE utilizing platforms like QuickBooks Online, Xero, Wave & MS Excel.
o Our mentors have trained 700+ satisfied trainees worldwide.
o The training projects are comprehensive and built with real client data from the USA, UK, Canada,
Australia, New Zealand, and UAE ensuring practical experience.
o Trainees benefit from Work Review classes and get timely guidance to boost their confidence.
o After project submission, trainees receive live feedback and work reviews to assess the accuracy of
their work.
o Abacus trainees enjoy free access to Continuous Professional Development (CPD) webinars/
training sessions conducted regularly.
o Upon successful completion of the training, trainees gain access to a Premium Members' Group
on WhatsApp, offering support for up to 3 months after the training. This support includes pre-
planned meetings to clarify assigned tasks and seek workflow advice. However, the after-training
support is subject to certain conditions. To be eligible for the Course Completion Certificate and
three months of after-training support, a trainee must meet the following conditions:
• Attend a minimum of 80% of live classes.
• Successfully submit and present all five (5) assigned projects within the specified deadlines
and get them reviewed in the live classes.
• Achieve a minimum of 70% marks on the assigned projects.

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 How we conduct the training

o All live classes are conducted online through the Zoom platform.
o Each transaction is explained with Journal Entry, Ledger Posting, and its impact on Financial
Statements, ensuring a clear understanding of how the software aligns with Accounting Principles.
o We focus on ensuring that every trainee gains confidence in grasping the fundamental concepts and
operations.
o Training materials, including recorded videos of the live classes, will be shared via the Google
Classroom.
o We provide 24/7 Online Support through a dedicated WhatsApp Group throughout the training
period.
o After the training program, the Google Classroom and WhatsApp group will be closed, and trainees
will be required to download all training materials, including recorded class videos, to their
personal computers.
o The training covers E-Commerce Bookkeeping for Amazon, Shopify, and Walmart Sellers,
demonstrating the manual process (Journal Entry Method) using appropriate Sales and Payout
Reports downloaded from these platforms.
o We do not cover the automated process (Connector Apps Method) for E-Commerce Bookkeeping,
as we believe in accurate manual Bookkeeping and discourage the use of connector Apps to
prevent errors. However, the trainees who understand the manual Bookkeeping process are
capable of doing the Automated process using connector Apps like A2X.
o We do not cover filing of Corporate Tax Return, Payroll Tax Return, Sales Tax Return, or Personal
Tax Return. However, we do cover the preparation Financial Statements, UK VAT Return,
Bookkeeping of US Sales Tax and E-Commerce Bookkeeping.
o Industry-specific Bookkeeping Training, such as Legal Bookkeeping, Real Estate or Property
Bookkeeping, Construction Industry Scheme (CIS), Charity Bookkeeping, etc., is not provided.
Instead, we offer comprehensive Total Bookkeeping Training, enabling our trainees to confidently
handle any Bookkeeping tasks across various industries.
o We do not guarantee job placements or engage in any fake orders for our trainees. Our primary
focus is to impart genuine knowledge and skills.
o Only successful trainees will receive the Course Completion Certificate and access to the Premium
Members' Group on WhatsApp, providing 3 months of after-training support.

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 Enrollment Procedure

To enroll in the training, follow these steps:

• Fill up the Google Form: Visit the link provided, which is https://forms.gle/htGRgu7kwkKnuCjQ7
and complete the enrollment form with the required information.
• Make the payment: Pay the full amount of BDT 15,000/- (Taka Fifteen Thousand Only) in advance
using the following Bank details (Cash Deposit/ NPSB/ BEFTN):

Bank Name : BRAC BANK LIMITED

Branch Name : KAZIR DEWRI BRANCH
Account Name : ABACUS ASSOCIATES
Account Number : 1107205045373001
Routing Number (if applicable) : 060154154

• While making the payment, please mention your Full Name in the Transaction Reference field of
the Bank Deposit Slip or Online Form. This will help us reconcile your payment easily.
• Once the payment is completed, kindly send the Fund Transfer Acknowledgement Receipt or Bank
Deposit Slip as proof of your payment to our WhatsApp number +8801304172213.
• Upon receiving your payment, we will confirm your seat in the training program. You will receive an
email containing an invoice as confirmation of your enrollment. If you do not receive the
confirmation email within 3 working days after making the payment and providing the necessary
details, please contact us for further assistance.

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 Course Content

Module 1: QuickBooks Online (Basic to Advance)

Section Topics
1 Introduction to Intuit QuickBooks Online: Creating a 30-Day Free Trial Account for Practice,
Signing In, and Understanding the Navigation Panel and Dashboard.

2 Account and Settings: Company Settings and Advanced Settings (Accounting, Chart of Accounts,
Automation, Currency, and Other Preferences).

3 Manage users: How to get access to a client’s Book as an Admin User or an Accountant User.

4 Chart of Accounts: Adding a new Account to the Chart of Accounts (COA), Numbering the COA,
Editing an Account, Making an Account Inactive, Re-activate an Account, Impact of COA on
Financial Statements, Importing a COA from an old Accounting system.

5 Products and Services: Adding a new Product or Service, Understanding the Product and Service
types: Stock, Non-Stock, Service, and Bundle, Importing a list of Products and Services from an
old Accounting system.

6 Sales (Money In Transactions): Adding a new customer, Merging duplicate customers, Deleting
customer, Importing a list of Customers, Recording Sales Invoice & Sales Receipt, Recording
Credit Note and subsequent allocation to relevant Invoice, Recording Refund Receipt, Creating
Estimate & converting the Estimate to Progressive Invoices, Receiving full payment of Invoice,
Receiving partial payment of Invoice, Receiving batch payment against multiple Invoices,
Receiving payment net of Transaction Fees, Receiving payment allowing Sales Discount,
Receiving payment with Tips from customer, Receiving Advance Payment from customer and
subsequent allocation to relevant Invoices, Receiving Advance Payment from customer and
subsequent refund without delivering products, Importing Bulk Invoices & Credit Notes from old
Accounting System, Custom Form styles – Estimate, Invoice & Sales Receipt.

7 Expenses (Money Out Transactions): Adding a new Supplier/Vendor, Merging duplicate

Suppliers/Vendors, Deleting a Supplier/Vendor, Importing list of Suppliers/Vendors, Recording
Bill with attachment of source document, Recording Expense with payment information,
Creating Purchase Order & subsequent conversion to Bill, Use of RECEIPT Option to record Bill
& Expense, Making full payment of Bill, Making partial payment of Bill, Making batch payment
against multiple Bills, Receiving Supplier Credit and subsequent allocation to Bill, Making
Advance Payment and subsequent allocation to Bills, Making Advance Payment to Supplier and
receiving the money back without receiving any product or service, Recording Bill Payments
made by Owner or Key Employees, Importing Bulk Bills from old Accounting System.

8 QBO Banking Panel: Creating Checking/ Savings Bank Account, Overdraft/Line of Credit Account,
Credit Card Account & PayPal Account in Local and Foreign Currency, Connecting a Bank Account
to get live Bank Feed, Manual uploading of Bank Statement, Setting up Opening Balance through

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 Journal Entry and reconcile manually, Understanding the Banking Panel: For Review, Categorized
& Excluded, Categorizing Transactions: Add, Match & Transfer, Batch/ Bulk Categorization of
similar transactions, Find Other Matches & Split transactions, Creating and applying Bank Rules,
Paired Transactions, Use of Undeposited Fund, Cleaning up Undeposited Fund, Use of Petty Cash
Account, Use of various Clearing Accounts, Stripe & GoCardless treatment.

9 Bank Reconciliation in QBO: Understanding the process of Bank Reconciliation, Difference

among Statement Balance, Book Balance & Reconciled Balance, Advanced Bank Reconciliation
issues, Repairing "Balance Out Reconciliation", Troubleshooting of Bank Reconciliation Errors.

10 UK VAT Return in QBO: Understanding the VAT Mechanism, Introduction to UK VAT System,
VAT Registration Threshold, Different VAT Rates and their application, Applying appropriate VAT
Code against Sales & Purchase transactions, VAT Control Account & VAT Suspense Account,
Understanding the 9 Boxes of UK VAT Return, Preparing the UK VAT Return, VAT Error Checking
and Correction, VAT Exceptions.

11 US Sales Tax: Understanding the Sales Tax Mechanism, Introduction to US Sales Tax,
Marketplace Facilitator Tax, Record keeping of Sales Tax.

12 Receipt Management Apps: Using the QBO Receipts, DEXT & Hubdoc.

13 Multi-Currency Treatment: Payment of Foreign Currency Bills from Local Currency Bank Account
and Foreign Currency Bank Account, Receiving Sales Proceeds in Local Currency Bank Account
and Foreign Currency Bank Account, Inter-Bank Multi-Currency Transfers, Wise Treatment & FC
Clearing Account.

14 Complex Multi-Currency PayPal Scenario: Understanding Multi-Currency PayPal Statement,

Downloading Balance Affecting Statement, PayPal Raw data sorting to upload into QBO and
Reconciliation.

15 Payroll Management in QBO: UK & USA Payroll System with Journal Entry, Payroll Summary
Report & P-32 Report, PAYE, National Insurance, Employment Allowance, Student Loan, Pension,
Real Time Information (RTI), US Payroll Total Cost Report, FICA Tax (Social Security and
Medicare), Federal Income Tax Withholding, Federal & State Unemployment Tax (FUTA & SUTA),
Pay Slip or Paystub, Payroll Liability Accounts Reconciliation.

16 E-Commerce Bookkeeping: Understanding the E-Commerce Marketplace Mechanism, How

Amazon, Walmart and Shopify works, Fulfillment by Marketplace & Fulfillment by Seller,
Understanding the various fees charged by Marketplace, Refund mechanism of Marketplace,
Reserve held by Marketplace, Marketplace Facilitator Tax, Downloading appropriate reports
from Marketplace, Recording transactions: Gross Sales, Discounts, Refunds, Tax Withheld,
Shipping, Refunded Sales, Refunded Expenses, Fulfillment Fees, Transaction Fees, Advertising
Fees, Reserves, Use of Clearing Account, Reconciling Sales Proceeds, Reconciling Reserve
Balances with Payout Reports.

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16 Term Loan Reconciliation: Understanding Term Loan Statement, Recognition of Loan Processing
Fees, Charges, Principal & Interest, Recording Loan Repayments with Interest and Reconciliation
with Loan Statement.

17 Fixed Assets Register: Acquiring of Fixed Assets, Understanding different Depreciation Methods,
Charging of Depreciation, Disposal of Fixed Assets with Gain and Loss.

18 Adjusting Entries: Prepayments and Accruals, Setting up Opening Balances, Treatment of

Owner’s personal transactions, Owner’s Capital & Drawings, Business Expenses made by Owners
& Key Employees, Director’s Loan Account, Shareholder’s Contribution & Distribution, Retained
Earnings, Business Mileage Claim by Owners & Key Employees, Periodic Inventory Management,
Calculation and posting of Cost of Goods Sold.

19 Bad Debt Management: Direct Write Off Method & Allowance Method, Creating Provision for
Bad Debt, Writing Off Bad Debt.

20 Generating Basic Reports: Trial Balance, Income Statement (Profit & Loss Statement), Owner’s
Equity Statement, Balance Sheet, Customizing Reports, Management Reports, Reports by Class
& Location, Open Invoices, Unpaid Bills, Accounts Receivable Aging Report, Accounts Payable
Aging Report, VAT 100 Report, VAT Detail Report, VAT Exception Report.

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 Module 2: Xero (Basic to Advance)

Section Topics
1 Xero Dashboard: Creating a 30-Day Free Trial Account for Practice, Signing in and Understanding
the Navigation Panel and Dashboard, Editing the Dashboard.

2 Basic & Advanced Settings: Organization details, Users: Company Users & Xero Support,
Currencies, Invoice Settings, Files Library, Financial Settings & Tax Rates, Fixed Assets Settings,
Find & Recode, Tracking & Conversion Balance.

3 Chart of Accounts (COA): Add, Edit, Archive & Delete an Account, Importing a Chart of Accounts
from an old Accounting system, Numbering the Chart of Accounts, Impact on Financial
Statements.

4 Products & Services: Adding a new product or service & how to track items, Importing a list of
products & services from an old Accounting system.

5 Sales (Money In Transactions): Adding a new customer, Merging duplicate customers, Deleting
or archiving customers, Recording Sales Invoice & Repeating Invoice, Credit Note and allocating
to an Invoice, Creating Quotes & converting Quotes to Invoice, Receiving full payment of Invoice,
Receiving partial payment of Invoice, Receiving batch payment against multiple Invoices,
Receiving payment net of Transaction Fees, Receiving payment allowing Sales Discount, Receiving
payment with Tips from customer, Receiving Advance Payment from customer and subsequent
allocation to relevant Invoices, Receiving Advance Payment from customer and subsequent
refund without delivering products, Importing Bulk Invoices & Credit Notes from an old
Accounting system.

6 Purchases (Money Out Transactions): Adding a new supplier, Importing Bills from an old
Accounting system, Recording Bill with attachment of source document & Repeating Bill, Making
full payment of Bill, Making partial payment of Bill, Making batch payment against multiple Bills,
Receiving Supplier Credit and subsequent allocation to Bill, Making Advance Payment and
subsequent allocation to Bills, Making Advance Payment to Supplier and receiving the money
back without receiving any product or service, Recording Bill Payments made by Owner or Key
Employees, Importing Bulk Bills from old Accounting System, Recording Credit Note and
allocating to a Bill.

7 Bank Reconciliation in Xero: Creating Checking/ Savings Bank Account, Overdraft/ Line of Credit
Account, Credit Card Account & PayPal Account in Local and Foreign Currency, Connecting a Bank
Account to get live Bank Feed, Manual uploading of Bank Statement, Understanding the Banking
Panel: Reconciliation, Cash Coding, Bank Statement & Account Transactions, Matching & Creating
transactions, Find Match, Transfer, Create & Discuss, Creating and applying Bank Rules, Bank
Reconciliation with accuracy, Finding out and fixing Reconciliation Errors, PayPal Account
treatment, Wise Holding Account treatment.

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8 Payroll Management in Xero: UK & USA Payroll System with Journal Entry, Payroll Summary
Report & P-32 Report, PAYE, National Insurance, Employment Allowance, Student Loan, Pension,
Real Time Information (RTI), US Payroll Total Cost Report, FICA Tax (Social Security and Medicare),
Federal Income Tax Withholding, Federal & State Unemployment Tax (FUTA & SUTA), Pay Slip or
Paystub, Payroll Liability Accounts Reconciliation.

9 UK VAT Return in Xero: Understanding the VAT Mechanism, Introduction to UK VAT System, VAT
Registration Threshold, Different VAT Rates and their application, Applying appropriate VAT Code
against Sales & Purchase transactions, VAT Account, Understanding the 9 Boxes of UK VAT
Return, Preparing the UK VAT Return, VAT Error Checking and Correction, VAT Exceptions.

10 US Sales Tax: Understanding the Sales Tax Mechanism, Introduction to US Sales Tax, Marketplace
Facilitator Tax, Record keeping of Sales Tax.

11 Receipt Management Apps: Using the Xero File Option, DEXT & Hubdoc.

12 Multi-Currency Treatment in Xero: Payment of Foreign Currency Bills from Local Currency Bank
Account and Foreign Currency Bank Account, Receiving Sales Proceeds in Local Currency Bank
Account and Foreign Currency Bank Account, Inter-Bank Multi-Currency Transfers, Wise
Treatment & FC Clearing Account.

13 Complex Multi-Currency PayPal Scenario: Understanding Multi-Currency PayPal Statement,

Downloading Balance Affecting Statement, PayPal Raw data sorting to upload into Xero and
Reconciliation.

14 Term Loan Reconciliation in Xero: Understanding Term Loan Statement, Recognition of Loan
Processing Fees, Charges, Principal & Interest, Recording Loan Repayments and Reconciliation.

15 Fixed Asset Register in Xero: Acquiring of Fixed Assets, Registering Fixed Assets, Depreciation
Methods, Charging of Depreciation, Disposal of Fixed Assets.

16 Adjusting Entries: Prepayments and Accruals, Setting up Opening Balances, Treatment of

Owner’s personal transactions, Owner’s Capital & Drawings, Business Expenses made by Owners
& Key Employees, Director’s Loan Account, Shareholder’s Contribution & Distribution, Retained
Earnings, Business Mileage Claim by Owners & Key Employees, Periodic Inventory Management,
Calculation and posting of Cost of Goods Sold.

17 Bad Debt Management: Direct Write Off Method & Allowance Method, Creating Provision for
Bad Debt, Writing Off Bad Debt.

18 Generating Basic Reports: Trial Balance, Income Statement (Profit & Loss Statement), Owner’s
Equity Statement, Balance Sheet, Reports by Tracking Category, Receivable Invoice Details,
Payable Invoice Details, Aged Receivables Details, Aged Payables Details.

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 Module 3: Wave Accounting (Basic to Advance)

Section Topics
1 Settings: Introduction to Wave Accounting, Setting up of a company, Setting up Multiple
Companies in the same account, Setting of Financial Year End, Connecting of Bank and Credit
Card Accounts, Creating Customer Account.

2 Users: Allowing access to other users or Accountant, How to find an Accountant.

3 Chart of Accounts: Setting up of Chart of Accounts.

4 Sales: Creating Invoice, Receiving payment from Customer.

5 Purchase: Uploading of Receipts, Creating Bills.

6 Bank Reconciliation: Uploading of Bank Statements, Fund transfer, Transaction Categorization,

Merge Duplicate Transactions, Unlinking Transfer Entries, Reconciliation.

7 Adjustments: Recording Journal Entries & Opening Balances, Splitting of transactions between
Personal and business Expenses and Income.

8 Reporting: Obtaining Financial Reports.

Module 4: Freelancing Marketplace – Fiverr

Section Topics
1 Crafting a Compelling Profile: Showcase skills and experience effectively.

2 Nailing Gig Creation: Optimize gig titles, descriptions, and pricing.

3 Communication & Customer Service: Building rapport with buyers.

4 Delivering High-Quality Work: Meeting buyer expectations.

Module 5: Freelancing Marketplace - Upwork

Section Topics
1 Creating an Attractive Profile: Highlighting expertise and achievements.

2 Winning Proposals: Writing persuasive proposals for projects.

3 Effective Communication: Interacting professionally with clients.

4 Excelling in Project Delivery: Meeting deadlines and exceeding client satisfaction.

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 Module 6: Client Outreach and Lead Generation

Section Topics
1 How to identify potential Clients: Creating Client avatar and identifying the client base

2 Client Outreach Routes: Understanding different platforms to track down leads and reach out
to clients.

3 Lead Generation: How to effectively generate highly specific and targeted leads

4 Outreach methods: The basics of reaching out to clients and hooking them to buy your service.

5 Creating Solid Offers: Tailoring customized offers for different clients.

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 Module 7: Effective Client Communication

Section Topics
1 Client Communication Tips & Tricks: Effective communication channels, Active listening and
empathy, Responding promptly and professionally.

2 Know Your Client (KYC): Understanding client needs and goals, Identifying their preferred
communication style, Gathering relevant business information.

3 Basic Information Checklist for a New Client: Essential data to collect during onboarding,
Setting expectations and scope of services, Legal and confidentiality considerations.

4 Mapping of Work Flow: Outlining the bookkeeping process, Client involvement and
responsibilities, Ensuring transparency and accountability.

5 Month End Procedure: Importance of timely month-end tasks, Reconciliation and Financial
reporting, Addressing client queries and concerns.

6 Meeting Client's Expectations: Delivering accurate and error-free results, Handling challenges
and revisions professionally, Maintaining client satisfaction throughout the process.

7 Making Clients Returning: Building long-term relationships, Offering value-added services and
insights, Requesting feedback and acting on it.

8 Increasing Sales to the Existing Clients: Identifying upselling opportunities, Tailoring additional
services to their needs, Communicating benefits and ROI effectively.

9 Tips to Generate Leads Outside Marketplaces: Building a strong online presence, Leveraging
social media and content marketing, Networking and referrals to expand clientele.

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 Frequently Asked Questions (FAQ)

Question: What services do you provide?

Answer: We offer Applied Accounting Training using cloud-based accounting software like
QuickBooks Online, Xero, and Wave. We also provide training on Freelancing Marketplaces
like Fiverr and Upwork.

Question: Who can benefit from this training?

Answer: This training is suitable for students of Accounting & Finance, fresh graduates, professionals
in the Accounts & Finance department, and CA, ACCA, CMA practitioners.

Question: Can we provide Taxation and Payroll services remotely?

Answer: No, taxation and payroll services are handled by the client's local licensed Accountant.

Question: Do you provide any industry-specific bookkeeping training, such as Legal Bookkeeping,
Real Estate or Property Bookkeeping, Construction Industry Scheme (CIS), Charity
Bookkeeping, etc.?
Answer: No, we provide Total Bookkeeping training that equips trainees to handle any industry-
specific bookkeeping projects.

Question: What is the prospect of Cloud Accounting?

Answer: Cloud Accounting uses cloud-based software like QuickBooks Online, Xero, Wave, etc.,
enabling business owners and accountants to manage accounts from anywhere globally.
These software options have become popular and open new opportunities for accountants
to work remotely.

Question: How much Accounting service is delivered remotely?

Answer: For foreign clients, we gain access to their cloud-based Accounting software and receive
relevant information like expense receipts, sales invoices, bank statements, credit card
statements, loan statements, payroll reports, etc. Remote Bookkeepers and Accountants
use this data to prepare Financial Statements.

Question: I am working as an Accountant in an organization in Bangladesh. Should I join this course?

Answer: Yes, you are welcome to join if you aspire to generate an additional source of revenue by
leveraging your skills from home.

Question: Can I earn immediately after completing the course?

Answer: No, it may take 6 to 12 months to establish yourself in this sector if you are sincere and
committed.

Question: How much can I earn from this sector?

Answer: Earnings depend on your Accounting knowledge, software skills, marketing abilities, and
perseverance.

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Question: Do you provide clients or jobs for the trainees after the course?
Answer: No, we focus solely on training and mentoring. We do not provide clients or jobs, but we
offer 3-month after-course support to help you achieve your goals faster.

Question: You provide training on Cloud Accounting. Are the mentors themselves successful in Cloud
Accounting? Why would I learn from them?
Answer: Each mentor at Abacus Academy owns an Accountancy firm and provides Bookkeeping and
Accounting services globally. Our mentors have successfully earned remittance for our
country both within and outside marketplaces for a long time.

Question: I am a Banker with academic knowledge of Accounting and Finance. Can I be successful in
this sector?
Answer: If you have a good understanding of Accounting and Finance, you are welcome to join the
course. Our Lead Mentor, Mr. Shibli Sadiq, serves as a great example.

Question: I studied Accounting at the SSC/HSC level but pursued another subject in graduation. Can
I join this course? Will I be able to cope up?
Answer: Yes, the HSC syllabus should be sufficient to grasp our course content. However, we
recommend a background in Accounting or Finance. Prerequisites include understanding of
Basic Accounting Cycle and Workflows, including Accounting Equation, Journal Entries,
Ledger Posting, Preparation of Financial Statements, Adjusting Entries: Deferrals & Accruals,
Closing Entries, Worksheet, Merchandising Operation, Periodic & Perpetual Inventory
System, Inventory Cost Flow Assumptions – FIFO, LIFO, Specific Identification & Weighted
Average methods, Statement of Cost of Goods Sold, Fixed Assets: Acquisition, Charging of
Depreciation & Disposal, Accounts Receivable (Debtors) & Accounts Payable (Creditors)
Management, and Bank Reconciliation.

Question: I am a CA/CMA/ACCA student aspiring to become a Certified Accountant. What benefit

will this training bring for me?
Answer: If you are studying or already a qualified Accountant from ICAB or ICMAB or ACCA, this
training expands your expertise to a global field.

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