Kế toán, kiểm toán - Chapter 10: Overview

Computer Accounting withQuickBooks 2015Chapter 10Donna KayChapter 10 OverviewSetup a New CompanyCustomize Chart of AccountsCreate ListsCreate Sales Tax ItemEnter Opening AdjustmentsRecord TransactionsEnter Adjusting EntriesPrint ReportsSet Up A New Company Steps to set up a new company Complete EasyStep Interview Add the People You Do Business With Add the Products and Services You Sell Add Your Bank Accounts Enter Company Information Customize Chart of Accounts ListsNew CompanySelect Create a new companySelect Detailed StartNew CompanyEnter NameAnswer EasyStep Interview questionsSelect NextAnswer remaining interview questions ..EasyStep InterviewSome differences for the Merchandising Company:Select Industry: Retail Shop or Online CommerceTrack Inventory: YesAdd the People You Do Business WithAdd the Products and Services You SellAdd Your Bank AccountsChart of AccountsQuickBooks automatically creates a Chart of Accounts for industry selected.Chart of Accounts for a merchandiser includes additional accounts, such as Inventory.CustomizeChart Of AccountsCustomize the Chart of Accounts to fit your specific business needs: Add accountsEdit accountsDelete accountsFor each account include:Account numberTax-Line mappingOpening balance, if neededCreate ListsUse Lists to track additional information:Customer ListVendor ListItem List (Inventory)Employee ListCustomer ListEnter customer information in the Customer List (Customer Center).Add job informationVendor ListEnter vendor information into the Vendor List (Vendor Center).Item ListEnter information about items to be purchased and sold:Service itemsInventory itemsNon-inventory itemsSales tax itemsOpening AdjustmentsFor existing companies with opening balances, QuickBooks offsets the opening balances.Accounts receivable opening balances are offset to Uncategorized Income account. Accounts payable opening balances are offset to the Uncategorized Expenses account.Opening balances for inventory items and all other accounts are offset in the Opening Balance Equity account.Opening AdjustmentsRecord opening adjustments using journal entries.Transfer Uncategorized Income to Opening Balance Equity account. Transfer Uncategorized Expenses to Opening Balance Equity account.Transfer Opening Balance Equity account balance to Capital Stock account.Purchases of InventoryFor a merchandising company, record credit purchases:Enter inventory items ordered using Purchase Order icon.Record items received using Receive Inventory icon.Record bill received using Enter Bills Against Inventory icon.Pay bill when due using Pay Bills icon.Print the check using Print Checks icon (Banking section).Record TransactionsRecord transactions for a merchandising corporation including:Owners’ investmentPurchase of inventorySales to customersSales TransactionsEnter sales transactions with customers:Create an invoice to record customer charges using Create Invoices window.Record customer payment using Receive Payments window.Record deposit in bank using Make Deposits window.Print Trial Balance Print a Trial Balance to verify the accounting system is in balance before making adjusting entries. Adjusting Entries Use the onscreen Journal to enter adjusting entries to bring account up to date at year end.Print Adjusted Trial BalancePrint an Adjusted Trial Balance to verify the accounting system is still in balance after making adjusting entries.Print ReportsFinancial reports for the year include:General LedgerProfit & LossBalance SheetStatement of Cash FlowsClose the Accounting PeriodQuickBooks automatically closes the accounting period by closing all temporary accounts.To Learn More See Chapter 10Visit the Online Learning Centerwww.mhhe.com/kay2015Visit www.My-QuickBooks.com