1. Computer Accounting with QuickBooks 2015
Chapter 9
Donna Kay

2. 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 2015

3. Record Owner’s Investment
Use the Make Deposits window to record owner’s investment.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

4. Record Purchase Transactions
Purchase transactions can be:
Cash Purchases
Credit Purchases
COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

5. Cash Purchases Select Write Checks Select Bank Account Select Date
Select Pay To The Order Of
Enter Amount
Select Account
Select Print Later
Select Print
COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

6. Credit Purchases For a service company, record credit purchases:
Enter 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 2015

7. Credit Purchases Select Enter Bills Select Bill Select Date
Select Vendor
Enter Amount Due
Select Terms
Select Expense or Items tab
Select Account
Select Customer: Job
Select if Billable
Select Save & New
COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

8. Memorized Transactions
Memorize recurring transactions:
Enter the bill
Memorize the transaction (Edit menu > Memorize Bill)
Use memorized transaction (Lists menu > Memorized Transaction List)
COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

9. Memorized Transactions
Select Enter Bills
Enter Bill information
Select Memorize
Select Add to my Reminds List
Select How Often
Enter Next Date
Select OK
Select Save & Close
COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

10. 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 2015

11. Print Trial Balance
Print a Trial Balance to verify the accounting system is in balance before making adjustments.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

12. Adjusting Entries Use the onscreen Journal to enter adjusting entries
Adjusting entries bring accounts up to date at the end of the accounting period.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

13. Print Adjusted Trial Balance
Print an Adjusted Trial Balance to verify the accounting system is still in balance after making adjusting entries.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

14. Print Reports Financial reports for the year include: General Ledger
Profit & Loss
Balance Sheet
Statement of Cash Flows
COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

15. Close the Accounting Period
QuickBooks automatically closes the accounting period by closing all temporary accounts.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2015

16. To Learn More …
See Chapter 9 Visit the Online Learning Center Visit
COMPUTER ACCOUNTING WITH QUICKBOOKS 2015