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Published byConrad McDonald Modified over 6 years ago
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Monopoly Quickbooks You will be tasked with setting up your fictional company and postings your entries into Quickbooks. First follow the following steps for set up. You will only need to adjust quickbooks for ONE student 1. Download Charter of Accounts from teacher website 2. Open Charter and adjust Partner A and Partner B to your names, save and close Ex. M. Bui, Capital and J. Smith, Capital 3. Log into Quickbooks, use the following link to wipe all the data from the previous Quickbooks exercise
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Set Up Continued 4. Go to advanced settings, change company to:
“Your Company Name (Your Names)” Set fiscal year to June Ensure Account numbers are shown and checked on 5. Go to Accounting and import your charter of accounts 6. Go to taxes and set taxes to British Columbia, Business Number 7. Post your opening entry using Journal. Most transactions will follow the journal.
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Upon Completion 1. Print out the following from reports: Balance Sheet
Profit & Loss Statement Journal 2. Type up your reflection from your assignment sheet. 3. Place everything together in order of your assignment sheet, paperclip all your sheets and place your entire folder into the hand in tray 4. Congratulations, you have finished accounting 11!!!
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