1. Detailed Start EasyStep Interview QuickBooks Setup Create Company File Create Chart of Accounts Vendor Center Vendor Center Customer Center Customer Center Item List Cash- Operating Banking Add customers Add vendors Service Items Inventory Part Items Sales Tax Ch.6 New Company Setup – Detailed Start Customizing Updating Preparing for the Accrual Basis of Accounting ……

2. Errors Correction Item List Service ItemsType, Name, Cost, Price Inventory Part Items Sales Taxes Edit Item Errors in Quantity on Hand Viewing Journal Entries No Quantity on Hand Delete Inventory Part Item QuickBooks Setup Add More Return to Add Info Help Quick Start Center

3. Errors Correction Customer Center Name Address Phone or Fax Numbers Contact Edit Customer Errors in CURRENT BALANCE Viewing Journal Entries No CURRENT BALANCE Delete customer QuickBooks Setup Add More Return to Add Info Help Quick Start Center

4. Errors Correction Vendor Center Name Address Phone or Fax Numbers Contact Edit Customer Errors in CURRENT BALANCE Viewing Journal Entries No CURRENT BALANCE Delete Vendor QuickBooks Setup Add More Return to Add Info Help Quick Start Center

5. Customizing the New Company File Customizing Chart of Accounts List Customizing Chart of Accounts List Adding Account Numbers Editing Account Numbers and Names Deleting Account Accounts check Box Company Preferences Accounting Preferences Edit Customizing System Default Accounts Created in a New Company File Customizing System Default Accounts Created in a New Company File Opening Bal. Equity Accounts Receivable Accounts Payable Sales Tax Payable Owners Equity Kristin Raina, Capital Accounts Receivable Accounts Payable Sales Tax Payable Accumulated Earnings Numbers

6. Customizing the New Company File Customizing System Default Accounts Created for Use in Activities Windows Customizing System Default Accounts Created for Use in Activities Windows Create Invoices Enter Bills Accounts Receivable Accounts Payable Enter Sales Receipt 12000 Undeposited Funds Inventory Part 12100 Inventory Asset 50000 Cost of Goods Sold Customizing Payment Terms Customizing Payment Terms Add Terms List Delete Terms List Edit Terms List Term List Customer & Vendor Profile List List

7. Updating Lists/Centers Updating the Chart of Accounts List Updating the Chart of Accounts List Accounts Created in New Company File Many Additional Accounts (Opening Balances) General Journal Entry Updating the Item List Updating the Item List System Default Accounts (Changes in # & Names) Service Items Sales of Service Non-taxable Sales of Service Non-taxable Item List Inventory Part Items Sales of Product Cost of Product Taxable Reorder Point Sales of Product Cost of Product Taxable Reorder Point Sales Tax Item Sales Tax Name Tax Rate Tax Agency Sales Tax Name Tax Rate Tax Agency Updating the Vendor/ Customer Center Updating the Vendor/ Customer Center Terms of payment, email address, account numbers, ……

8. Preparing for the Accrual Basis of Accounting Adjusting for the Accrual Basis of Accounting Entering Opening Balances Reversing the Uncategorized Income account Reversing the Uncategorized Expense account Now you’re ready to viewing reports and recording daily activities BUT don’t forget to make a backup copy of the new company file that you have just completed!