1. Computer Accounting with QuickBooks 2015
Chapter 12
Donna Kay

2. Chapter 12 Overview Budgets Estimates Progress billing
Credit Card Sales
Bad Debts
Audit Trail
Accountant Copy
COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

3. Budgets Create budgets for: Profit & Loss Balance Sheet
COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

4. Budgets Select Company Select Planning & Budgeting
Select Set Up Budgets
COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

5. Budgets Select Year Select Budget Type Select Next
COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

6. Budgets Select Additional Profit and Loss Criteria Select Next
Select Create budget from scratch
Select Finish
COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

7. Estimates Create estimates to bid on customer jobs.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

8. Progress Billing Bill customer as the job progresses
Receive partial payment from customer before the project is complete
COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

9. Credit Card Sales Select Receive Payments icon Select Received From
Enter Payment Amount
Enter Date
Select Credit
Select Payment
Enter Card Number
Enter Expiration Date
Select Done
Select Invoice
Select Save & Close
COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

10. Bad Debts
When a customer fails to pay their account, it is a bad debt or uncollectible account.
Two methods to account for bad debts are:
Direct write-off method
Allowance method
COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

11. Bad Debts
Three methods to record a write-off of an uncollectible account are:
Make a journal entry
Use the Receive Payments window
Use the Credit Memo window
COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

12. Audit Trail
Audit Trail feature tracks all changes (additions, modifications, and deletions) made to your QuickBooks records.
Audit Trail improves internal control by tracking changes by User ID.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

13. Audit Trail Select Accountant & Taxes Select Audit Trail Select Dates
Select Run
COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

14. Accountant’s Copy
Create a copy of your QuickBooks company file for your accountant to review and update (.QBX file).
Your accountant can make changes while you continue to use QuickBooks.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

15. Ask My Accountant
Use the Ask My Accountant account when you are not sure how to record an item.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

16. Save Time Save time. Reduce errors. Set up: Memorized transactions
Memorized reports
COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

17. Document Management Now you can attach documents to QuickBooks forms.
Example: attach a vendor’s bill when you enter the bill in QuickBooks.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

18. QuickBooks Mobile Apps
Use apps on your mobile device to stay connected to QuickBooks.
QuickBooks Go Payment
COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

19. To Learn More …
See Chapter 12 Visit the Online Learning Center Visit
COMPUTER ACCOUNTING WITH QUICKBOOKS 2015