New Company Setup for a Merchandising Business Chapter 3 New Company Setup for a Merchandising Business Copyright ©2013 by The McGraw-Hill Companies, Inc. All rights reserved.

Objectives, page 63 Open company called Your Name Retailers Inc. Set preferences. Edit the chart of accounts. Enter beginning balances. Record check register entries. Edit to correct an error. Complete account reconciliation. Display the trial balance Display the financial statements. Make backup of work. The chart in the Preface, page xii, shows the file name and size of each backup file. Refer to this chart for backing up data. Remember, you can back up to a hard drive location or external media.   Copyright ©2013 by The McGraw-Hill Companies, Inc. All rights reserved.

Getting Started pages 64-65   Open or Restore the company created in Chapter 1. The company name is your first and last name Retailers Inc. Copyright ©2013 by The McGraw-Hill Companies, Inc. All rights reserved.

Edit the Chart of Accounts pages 67-72 After deleting, changing, and adding accounts, the chart of accounts is shown on page 72. Copyright ©2013 by The McGraw-Hill Companies, Inc. All rights reserved.

Beginning Balances pages 73-76 Copyright ©2013 by The McGraw-Hill Companies, Inc. All rights reserved.

Account Register pages 78-84 An account register for cash transactions is a listing of all deposits and checks. To enter deposits and checks, follow the steps on pages 78-83. The Home State Bank-Cash account register is shown on page 84. Copyright ©2013 by The McGraw-Hill Companies, Inc. All rights reserved.

Account Reconciliation, pages 88-92   Copyright ©2013 by The McGraw-Hill Companies, Inc. All rights reserved.

Printing the Journal, Trial Balance, and Financial Statements, pages 93-98 After completing the work within Chapter 3, this trial balance is shown on page 97.   Copyright ©2013 by The McGraw-Hill Companies, Inc. All rights reserved.

Summary and Review pages 101-106 Each chapter ends with the following summary and review material: Resourceful QuickBooks includes going online to http://quickbooks.intuit.com/. You can link to videos from this web site. Multiple choice questions, True/Make True or Short Answer, and the Analysis questions are online at www.mhhe.com/QBessentials2012. Your instructor mail want you to take these online tests or email the QA Templates. End-of-chapter exercises must be completed. The company data accumulates in Chapters 1 through 6. Copyright ©2013 by The McGraw-Hill Companies, Inc. All rights reserved.