1. CHAPTER 10

2. COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009
CHAPTER 10 OVERVIEW
Complete EasyStep Interview
Edit Chart of Accounts
Create Lists
Record Transactions
Print Reports
COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

3. COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009
EASYSTEP INTERVIEW
Select File, New to open EasyStep Interview.
Answer EasyStep Interview questions to set up a new company.
COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

4. COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009
EASYSTEP INTERVIEW
Some differences for the Merchandising Company:
Select Industry: Retail Shop or Online Commerce.
Track Inventory: Yes
COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

5. COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009
CHART OF ACCOUNTS
QuickBooks will automatically create a Chart of Accounts for industry you select.
Chart of Accounts for a merchandiser will include some additional accounts, such as Inventory.
COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

6. CUSTOMIZE CHART OF ACCOUNTS
Customize the Chart of Accounts to fit your specific business needs by:
Adding accounts
Editing accounts
Deleting accounts
For each account include:
Account number
Tax-Line mapping
Opening balance, if applicable
COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

7. COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009
CREATE LISTS
Create Lists to track additional information:
Customer List
Vendor List
Item List (Inventory)
Employee List
COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

8. COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009
CUSTOMER LIST
Enter customer information in the Customer List
Add job information to the Customer List.
COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

9. COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009
VENDOR LIST
Enter vendor information into the Vendor List.
COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

10. COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009
ITEM LIST
Enter information about items to be purchased and sold:
Service items
Inventory items
Non-inventory items
COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

11. COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009
RECORD TRANSACTIONS
Record transactions for the Merchandising Corporation, including:
Owners’ investment
Purchase of inventory
Sales to customers
COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

12. PURCHASES OF INVENTORY
For a merchandising company, record credit purchases:
Enter inventory items ordered using the Purchase Order icon.
Record the Inventory received using the Receive Inventory icon.
Record bill received using the Enter Bills Against Inventory icon.
Pay bill when due using the Pay Bills icon.
Print the check using the Print Checks icon (in the Banking section of the Home page).
COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

13. COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009
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 PRO 2009

14. COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009
PRINT TRIAL BALANCE
To verify the accounting system is in balance at year-end, print a Trial Balance before making adjusting entries.
COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

15. COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009
ADJUSTING ENTRIES
Use the onscreen Journal to enter adjusting entries to bring account up to date at year end.
COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

16. PRINT AN ADJUSTED TRIAL BALANCE
To verify the accounting system is still in balance, print an Adjusted Trial Balance after making adjusting entries.
COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

17. COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009
PRINT REPORTS
Financial reports for the year include:
General Ledger
Profit & Loss
Balance Sheet
Statement of Cash Flows
COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

18. CLOSE THE ACCOUNTING PERIOD
QuickBooks automatically closes the accounting period by closing all temporary accounts.
COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009

19. COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009
To Learn More....
TURN TO CHAPTER 10 VISIT THE ONLINE LEARNING CENTER VISIT THE STUDENT BLOG
COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009