C OMPUTER A CCOUNTING WITH Q UICK B OOKS 2013 C HAPTER 9 Donna Kay.
14
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013 CHAPTER 9 Donna Kay
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Transcript of C OMPUTER A CCOUNTING WITH Q UICK B OOKS 2013 C HAPTER 9 Donna Kay.
COMPUTER ACCOUNTING WITH
QUICKBOOKS 2013CHAPTER 9
Donna Kay
CHAPTER 9 OVERVIEW
Record Owner’s Investment Record Purchase Transactions Record Sales Transactions Make Adjusting Entries Print Reports Close the Accounting Period
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
RECORD OWNERS’ INVESTMENT
Use the Make Deposits window to record owner’s investment.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
RECORD PURCHASE TRANSACTIONS
Purchase transactions can be:
1. Cash Purchases
2. Credit Purchases
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
CASH PURCHASES
Record cash purchases using the Write Checks window.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
CREDIT PURCHASES
For a service company, record credit purchases:
1. Enter the bill when received using the Enter Bills window.
2. Pay bill when due using the Pay Bills window.
3. Print the check.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
MEMORIZED TRANSACTIONS
Memorize recurring transactions:
1.Enter the bill
2.Memorize the transaction (Edit menu > Memorize Bill)
3.Use memorized transaction (Lists menu > Memorized Transaction List)
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
SALES TRANSACTIONSEnter sales transactions with customers:
1. Prepare an invoice to record customer charges using Invoice window
2. Record customer payment using Receive
Payments window
3. Record deposit in bank
using Make Deposits window
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
PRINT TRIAL BALANCEPrint a Trial Balance to verify the accounting system is in balance before making adjustments.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
ADJUSTING ENTRIES
Use the onscreen Journal to enter adjusting entries
Adjusting entries bring accounts up to date at the end of the accounting period.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
PRINT ADJUSTED TRIAL BALANCE
Print an Adjusted Trial Balance to verify the accounting system is still in balance after making adjusting entries.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
PRINT REPORTS
Financial reports for the year include: General Ledger Profit & Loss Balance Sheet Statement of Cash Flows
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
CLOSE THE ACCOUNTING PERIOD
QuickBooks automatically closes the accounting period by closing all temporary accounts.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
TO LEARN MORE …
See Chapter 9
Visit the Online Learning Centerwww.mhhe.com/kay2013
Visit www.myquickbooks.me
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
