c omputer a ccounting with q uick b ooks 2013 c hapter 9 donna kay
TRANSCRIPT
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COMPUTER ACCOUNTING WITH
QUICKBOOKS 2013CHAPTER 9
Donna Kay
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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
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RECORD OWNERS’ INVESTMENT
Use the Make Deposits window to record owner’s investment.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
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RECORD PURCHASE TRANSACTIONS
Purchase transactions can be:
1. Cash Purchases
2. Credit Purchases
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CASH PURCHASES
Record cash purchases using the Write Checks window.
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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.
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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)
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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
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PRINT TRIAL BALANCEPrint a Trial Balance to verify the accounting system is in balance before making adjustments.
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ADJUSTING ENTRIES
Use the onscreen Journal to enter adjusting entries
Adjusting entries bring accounts up to date at the end of the accounting period.
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PRINT ADJUSTED TRIAL BALANCE
Print an Adjusted Trial Balance to verify the accounting system is still in balance after making adjusting entries.
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PRINT REPORTS
Financial reports for the year include: General Ledger Profit & Loss Balance Sheet Statement of Cash Flows
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CLOSE THE ACCOUNTING PERIOD
QuickBooks automatically closes the accounting period by closing all temporary accounts.
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TO LEARN MORE …
See Chapter 9
Visit the Online Learning Centerwww.mhhe.com/kay2013
Visit www.myquickbooks.me
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013