Computer Accounting with QuickBooks 2015 Chapter 5 Donna Kay

Chapter 5 Overview Vendor List Item List Purchases Vendor Reports COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

Vendor Navigation COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

Vendor List COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

Item List Information about items purchased and sold Items can be: Service items Inventory items Non-inventory items COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

Recording Purchases Create Purchase Orders Receive Inventory Receive Bills Pay Bills Reports Print Checks COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

Create Purchase Orders Select Purchase Orders COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

Create Purchase Orders Select Vendor Select Template Enter Date Select Item Enter Quantity Update Formatting as needed Select Print Select Save & New or Save & Close COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

Receive Inventory Select Receive Inventory Receive Inventory without Bill COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

Receive Inventory Select Vendor Select Yes COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

Receive Inventory Select Purchase Order Select OK COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

Receive Inventory Select Date Select Quantity received Select Expenses tab to enter any associated expenses Select Save & New COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

Enter Bills Against Inventory Select Enter Bills Against Inventory COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

Enter Bills Against Inventory Select Vendor Select Item Receipt Select OK COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

Enter Bills Against Inventory Notice similar to Item Receipts window except for labels noted Enter Date Enter Amount Due Select Next to enter next bill COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

Pay Bills Ways to Pay Bills include: Pay with a check Pay with a credit card Pay with a debit card

Pay Bills Select Pay Bills COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

Pay Bills Select Show all bills Select bills to pay Enter Payment Date Select Payment Method Select To be printed Update Account Select Pay Selected Bills COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

Enter Bills for Services Recording bills for services, such as utilities or accounting services require two steps: Select Enter Bills Select Pay Bills COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

Pay Sales Tax Collected from customers at time of sale Remitted to government Select Manage Sales Tax Select Pay Sales Tax COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

Vendor Reports Access vendor reports from: Report Center Reports Menu Vendor Center COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

Vendor Reports Includes: Accounts Payable reports: How much do we owe? Purchase reports: How much have we purchased? Inventory reports: How much inventory do we have? COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

To Learn More … See Chapter 5 Visit the Online Learning Center www.mhhe.com/kay2015 Visit www.My-QuickBooks.com COMPUTER ACCOUNTING WITH QUICKBOOKS 2015