Mastering QuickBooks Pro: Business Activities Accounting

1. Using QuickBooks Pro for Accounting5th EditionGlenn Owen Chapter Eight Additional Business Activities

2. Chapter 8Recording Additional Activities Financing Activities Operating Activities Investing Activities Using QuickBooks Pro 2006 for Accounting, 5th edition

3. Chapter 8Financing Activities • Owner contributions • Purchase of stock • Payment of Loans Using QuickBooks Pro 2006 for Accounting, 5th edition

4. Chapter 8Investing Activities • Acquisition of noncurrent assets from buying or selling investment securities or productive equipment • Equipment purchases • Office furniture purchases • Sale of short-term investments Using QuickBooks Pro 2006 for Accounting, 5th edition

5. Chapter 8Operating Activities • Creating purchase orders • Receipt of customer payments • Cash sales • Making deposits • Receiving inventory • Payment of purchases • Invoicing time and costs • Payment of expenses • Accounting for employees’ time • Payment of payroll • Purchase and sale of inventory on account Using QuickBooks Pro 2006 for Accounting, 5th edition

6. Chapter 8Recording Noncash Investing and Financing Activities • Do not affect the cash position of a company • Do have impact on a firm’s financial position Using QuickBooks Pro 2006 for Accounting, 5th edition

7. Chapter 8Evaluating a Firm’s Performance and Financial Position Using QuickBooks Pro 2006 for Accounting, 5th edition