Using QuickBooks Pro for Accounting 2008 Glenn Owen Chapter Seven Cash-Oriented Business Activities

Chapter 7 3 Fundamental Business Activities Financing Initiated: when money or other resources are obtained from short-term nontrade creditors, long-term creditors, and/or owners. Completed: when amounts owed are repaid to or otherwise settled with these same creditors and/or owners. Investing Initiated: when the money obtained from financing activities is applied to nonoperating uses, such as buying investment securities and/or productive assets like equipment, buildings, land, or furniture and fixtures. Completed: when the investment securities and/or productive assets are sold. Operating Initiated: when the money obtained from financing activities and the productive assets obtained from investing activities are applied to either purchase or produce goods and services for sale. Completed: substantially completed when goods are delivered or when services are performed. Using QuickBooks Pro 2008 for Accounting

Chapter 7 Recording Cash-Oriented Activities Financing Activities Operating Activities Investing Activities Using QuickBooks Pro 2008 for Accounting

Chapter 7 Recording Cash Sales Using QuickBooks Pro 2008 for Accounting

Chapter 7 Recording Cash Deposits Using QuickBooks Pro 2008 for Accounting

Chapter 7 Recording Checks Written for Expenses Using QuickBooks Pro 2008 for Accounting

Chapter 7 Weekly Time Sheets/Payroll Using QuickBooks Pro 2008 for Accounting