Option #1: Introduction to QuickBooks™: Journal Entries for Merchandising Activities: Sales and Purchases
Register for QuickBooks Online Simple Start 2015: https://qbo.intuit.com
For PC and Mac. You may have to start with a free trial with a credit card and cancel directly after module 5 is completed
Once QuickBooks™ is loaded, you may have to reboot your computer.
Here is the link to a number of training sources for Quickbooks:https://quickbooks.intuit.com/accountants/resources/university/training-for-accountants#qbo
1. Setting up company: Go to Home page, select the widget to the direct top right of the word ‘help’ and select on the left side ‘settings’, then company setting. For each edit, hit the pen picture on the right hand side of each section. Enter the company name, Pit Bull Sings T-Shirt. Enter information as indicated below:
Company address: c/o CSU- Global; 7800 Orchard Road- Suite 200
City: Greenwood Village, CO 80111
State: CO
ZIP code: 80111
Phone Number: 999.999.9999
Choose Accrual Basis
Go to advanced setting and be sure everything is turned on except the accounting setting for the closing of the books. X out of this screen, which returns you to the home page.
TIPS:
1.
1. Do not forget to click on ‘save and new’ after you input and file.
2. Backup your company information many times as you work. To do this, click the button at the bottom of each screen called: save and new
3. Always check to be sure your input dates are correct. Transaction input date are on the top left side above the journal entryAlways best to record terms within the journal entry in the extra line provided to the right of A/R or A/P
4. Always best to record terms within the journal entry in the extra line provided to the right of A/R or A/P
2. Prepare journal entries. Be sure all dates agree with the problem and are not today’s date
Instructions: Enter above transactions into QuickBooks. To submit: go to home then reports then balance sheet and be sure your dates include August 1, 2015 to August 9, 2015. Also click on the inventory figure on the balance sheet to see the transactions within inventory. Cut and paste both of these reports into a document to submit.
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