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COMPUTER ACCOUNTING WITH QUICKBOOKS 2011 CHAPTER 1. Donna Kay Maryville University of Saint Louis. Why Choose QuickBooks?. 4 million users 95% of small business accounting software sales. COMPUTER ACCOUNTING WITH QUICKBOOKS 2011. Transactions. Two ways to enter transactions in QuickBooks:
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COMPUTER ACCOUNTING WITHQUICKBOOKS 2011CHAPTER 1 • Donna Kay • Maryville University of Saint Louis
Why Choose QuickBooks? • 4 million users • 95% of small business accounting software sales COMPUTER ACCOUNTING WITH QUICKBOOKS 2011
Transactions • Two ways to enter transactions in QuickBooks: • 1. Onscreen journal COMPUTER ACCOUNTINGWITH QUICKBOOKS2011
Transactions • Two ways to enter transactions in QuickBooks: • 2. Onscreen forms COMPUTERACCOUNTINGWITHQUICKBOOKS2011
Create An Accounting System using QuickBooks: Step 1: Create a new company data file. Step 2: Create a chart of accounts. Step 3: Create lists: • Customer list • Vendor list • Item list • Employee list • Other COMPUTERACCOUNTINGWITHQUICKBOOKS2011
Create An Accounting System using QuickBooks: Step 4: Enter transactions using an onscreen journal or onscreen form. COMPUTERACCOUNTING WITH QUICKBOOKS2011
Create An Accounting System Using QuickBooks: • Step 5: Prepare reports. • Balance sheet • Income statement • Statement of cash flows COMPUTERACCOUNTINGWITHQUICKBOOKS2011
QuickBooks Navigation • Navigation bar COMPUTERACCOUNTINGWITHQUICKBOOKS2011
QuickBooks Navigation • Home page COMPUTERACCOUNTINGWITHQUICKBOOKS2011
QuickBooks Home Page • Customers COMPUTER ACCOUNTINGWITH QUICKBOOKS 2011
QuickBooks Home Page • Vendors COMPUTERACCOUNTINGWITHQUICKBOOKS2011
QuickBooks Home Page • Employees COMPUTERACCOUNTING WITH QUICKBOOKS2011
QuickBooks Home Page • Banking COMPUTER ACCOUNTINGWITH QUICKBOOKS 2011
QuickBooks Home Page • Company COMPUTERACCOUNTING WITHQUICKBOOKS2011
COMPANY SNAPSHOT COMPUTER ACCOUNTING WITH QUICKBOOKS 2011
QuickBooks Report Center COMPUTER ACCOUNTING WITH QUICKBOOKS 2011
QuickBooks Navigation • Icon bar COMPUTER ACCOUNTING WITH QUICKBOOKS 2011
QuickBooks Navigation • Menu bar COMPUTER ACCOUNTING WITH QUICKBOOKS 2011
QuickBooks Help COMPUTER ACCOUNTING WITH QUICKBOOKS 2011
QuickBooks Files • .QBW = QuickBooks Working File • .QBB = QuickBooks Backup File • .QBM = QuickBooks Mobile (Portable) File COMPUTER ACCOUNTING WITH QUICKBOOKS 2011
QuickBooks Backups • See Chapter 1 or Appendix B for step-by-step instructions on how to back up your QuickBooks files. COMPUTER ACCOUNTING WITH QUICKBOOKS 2011
Two Ways to Do Your QuickBooks Assignments • Workflow: • If you are using the same computer • And you have no errors • Keep using the same .QBW file. • Restart & Restore: • If you are changing computers • Or if you have an error • Use the text .QBB data files to restore. COMPUTER ACCOUNTING WITH QUICKBOOKS 2011
Go Paperless with QuickBooks • It’s as easy as 1-2-3 • Watch the Go Paperless YouTube video at www.myquickbooks.me. • Download the Excel template for Chapter 1 at www.myquickbooks.me. • Complete the QuickBooks assignment and export to the Excel template. Email or dropbox the Excel file to your instructor. COMPUTER ACCOUNTING WITH QUICKBOOKS 2011
Export Reports To Excel Export reports to Excel using the Export button COMPUTER ACCOUNTING WITH QUICKBOOKS 2011
TO LEARN MORE … • Turn to Chapter 1Visit the Online Learning Centerwww.mhhe.com/kay2011Visit the Student Blogwww.myquickbooks.me COMPUTER ACCOUNTING WITH QUICKBOOKS 2011