Computer accounting with quickbooks 2011 chapter 9
Sponsored Links
This presentation is the property of its rightful owner.
1 / 14

COMPUTER ACCOUNTING WITH QUICKBOOKS 2011 CHAPTER 9 PowerPoint PPT Presentation


  • 109 Views
  • Uploaded on
  • Presentation posted in: General

COMPUTER ACCOUNTING WITH QUICKBOOKS 2011 CHAPTER 9. 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 2011. RECORD OWNERS’ INVESTMENT.

Download Presentation

COMPUTER ACCOUNTING WITH QUICKBOOKS 2011 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.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


COMPUTER ACCOUNTING WITHQUICKBOOKS 2011CHAPTER 9


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 2011


RECORD OWNERS’ INVESTMENT

  • Use the Make Deposits window to record owner’s investment.

COMPUTER ACCOUNTING WITH QUICKBOOKS 2011


Record Purchase Transactions

Purchase transactions can be:

  • Cash Purchases

  • Credit Purchases

COMPUTER ACCOUNTING WITH QUICKBOOKS 2011


Cash Purchases

  • Record cash purchases using the Write Checks window.

COMPUTER ACCOUNTING WITH QUICKBOOKS 2011


Credit Purchases

For a service company, record credit purchases by:

  • Entering the bill when received using the Enter Bills window.

  • Pay bill when due using the Pay Bills window.

  • Print the check.

COMPUTER ACCOUNTING WITH QUICKBOOKS 2011


Memorized Transactions

QuickBooks memorized transaction feature memorizes recurring transactions

  • Enter the bill

  • Memorize the transaction (Edit menu, Memorize Bill)

  • Use memorized transaction (Lists menu, Memorized Transaction List)

COMPUTER ACCOUNTING WITH QUICKBOOKS 2011


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 2011


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 2011


Adjusting Entries

  • Use the onscreen Journal to enter adjusting entries that bring accounts up to date at the end of the accounting period.

COMPUTER ACCOUNTING WITH QUICKBOOKS 2011


Print Adjusted Trial Balance

  • To verify the accounting system is still in balance after making adjusting entries, print an Adjusted Trial Balance.

COMPUTER ACCOUNTING WITH QUICKBOOKS 2011


Print Reports

Financial reports for the year include:

  • General Ledger

  • Profit & Loss

  • Balance Sheet

  • Statement of Cash Flows

COMPUTER ACCOUNTING WITH QUICKBOOKS 2011


Close the Accounting Period

  • QuickBooks automatically closes the accounting period by closing all temporary accounts.

COMPUTER ACCOUNTING WITH QUICKBOOKS 2011


TO LEARN MORE …

  • Turn to Chapter 9Visit the Online Learning Centerwww.mhhe.com/kay2011Visit the Student Blogwww.myquickbooks.me

COMPUTER ACCOUNTING WITH QUICKBOOKS 2011


  • Login