1. C OMPUTER A CCOUNTING WITH Q UICK B OOKS 2013 C HAPTER 9 Donna Kay

2. C HAPTER 9 O VERVIEW  Record Owner’s Investment  Record Purchase Transactions  Record Sales Transactions  Make Adjusting Entries  Print Reports  Close the Accounting Period COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

3. R ECORD O WNERS ’ I NVESTMENT Use the Make Deposits window to record owner’s investment. COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

4. R ECORD P URCHASE T RANSACTIONS Purchase transactions can be: 1. Cash Purchases 2. Credit Purchases COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

5. C ASH P URCHASES Record cash purchases using the Write Checks window. COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

6. C REDIT P URCHASES For a service company, record credit purchases: 1.Enter the bill when received using the Enter Bills window. 2.Pay bill when due using the Pay Bills window. 3.Print the check. COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

7. M EMORIZED T RANSACTIONS Memorize recurring transactions: 1.Enter the bill 2.Memorize the transaction (Edit menu > Memorize Bill) 3.Use memorized transaction (Lists menu > Memorized Transaction List) COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

8. S ALES T RANSACTIONS Enter sales transactions with customers: 1.Prepare an invoice to record customer charges using Invoice window 2.Record customer payment using Receive Payments window 3.Record deposit in bank using Make Deposits window COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

9. P RINT T RIAL B ALANCE Print a Trial Balance to verify the accounting system is in balance before making adjustments. COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

10. A DJUSTING E NTRIES  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 2013

11. P RINT A DJUSTED T RIAL B ALANCE Print an Adjusted Trial Balance to verify the accounting system is still in balance after making adjusting entries. COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

12. P RINT R EPORTS Financial reports for the year include:  General Ledger  Profit & Loss  Balance Sheet  Statement of Cash Flows COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

13. C LOSE THE A CCOUNTING P ERIOD QuickBooks automatically closes the accounting period by closing all temporary accounts. COMPUTER ACCOUNTING WITH QUICKBOOKS 2013

14. T O L EARN M ORE … See Chapter 9 Visit the Online Learning Center www.mhhe.com/kay2013 Visit www.myquickbooks.me COMPUTER ACCOUNTING WITH QUICKBOOKS 2013