1. Donna Kay Maryville University of Saint Louis COMPUTER ACCOUNTING WITH QUICKBOOKS 2011 CHAPTER 8

2. C HAPTER 8 O VERVIEW  Set Up a New Company in QuickBooks  Enter Company Information  Customize Chart of Accounts  Create Lists: Customer, Vendor, Item COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

3. S ET U P A N EW C OMPANY Steps to set up a new company 1. Complete EasyStep Interview 2. Add the People You Do Business With 3. Add the Products and Services You Sell 4. Add Your Bank Accounts 5. Enter Company Information 6. Customize Chart of Accounts 7. Lists COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

4. E ASY S TEP I NTERVIEW 1.Select File > New to open EasyStep Interview. 2.Answer EasyStep Interview questions to set up a new company. COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

5. ADD THE PEOPLE YOU DO BUSINESS WITH COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

6. ADD THE PEOPLE YOU DO BUSINESS WITH COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

7. ADD THE PRODUCTS AND SERVICES YOU SELL COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

8. ADD THE PRODUCTS AND SERVICES YOU SELL COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

9. ADD THE PRODUCTS AND SERVICES YOU SELL COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

10. ADD YOUR BANK ACCOUNTS COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

11. ADD YOUR BANK ACCOUNTS COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

12. C OMPANY I NFORMATION  Company Name  Company Address  Company Filing/Tax Status COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

13. C USTOMIZE C HART O F A CCOUNTS Customize the Chart of Accounts by: 1. Adding accounts 2. Editing accounts 3. Deleting accounts For each account include:  Account number  Tax-Line mapping COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

14. L ISTS Lists provide supporting detail for the accounting system. Lists include:  Customer List  Vendor List  Item List COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

15. 1.Enter customer information in the Customer List 2.Add job information to the Customer List. C USTOMER L IST COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

16.  Enter vendor information into the Vendor List. V ENDOR L IST COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

17. I TEM L IST Enter information about items to be purchased and sold: 1. Service items 2. Inventory items 3. Non-inventory items COMPUTER ACCOUNTING WITH QUICKBOOKS 2011

18. TO LEARN MORE … COMPUTER ACCOUNTING WITH QUICKBOOKS 2011 Turn to Chapter 8 Visit the Online Learning Center www.mhhe.com/kay2011 Visit the Student Blog www.myquickbooks.me