1 / 14

Computer Accounting with QuickBooks 2013 Chapter 9

Computer Accounting with QuickBooks 2013 Chapter 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.

lali
Download Presentation

Computer Accounting with QuickBooks 2013 Chapter 9

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Computer Accounting withQuickBooks 2013Chapter 9 • Donna Kay

  2. 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

  3. Record Owners’ Investment Use the Make Deposits window to record owner’s investment. COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

  4. Record Purchase Transactions Purchase transactions can be: • Cash Purchases • Credit Purchases COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

  5. Cash Purchases Record cash purchases using the Write Checks window. COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

  6. Credit Purchases For a service company, record credit purchases: • Enter the bill when received using the Enter Bills window. • Pay bill when due using the Pay Billswindow. • Print the check. COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

  7. Memorized Transactions Memorize recurring transactions: • Enter the bill • Memorize the transaction (Edit menu > Memorize Bill) • Use memorized transaction (Lists menu > Memorized Transaction List) COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

  8. Sales Transactions Enter sales transactions with customers: • Prepare an invoice to record customer charges using Invoice window • Record customer payment using Receive Payments window • Record deposit in bank using Make Deposits window COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

  9. Print Trial Balance Print a Trial Balance to verify the accounting system is in balance before making adjustments. COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

  10. 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

  11. 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

  12. Print Reports Financial reports for the year include: • General Ledger • Profit & Loss • Balance Sheet • Statement of Cash Flows COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

  13. Close the Accounting Period QuickBooks automatically closes the accounting period by closing all temporary accounts. COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

  14. To Learn More … • See Chapter 9Visit the Online Learning Centerwww.mhhe.com/kay2013 Visit www.myquickbooks.me COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

More Related