c omputer a ccounting with q uick b ooks 2013 c hapter 7 donna kay
TRANSCRIPT
COMPUTER ACCOUNTING WITH
QUICKBOOKS 2013CHAPTER 7
Donna Kay
CHAPTER 7 OVERVIEW
Accounting Cycle Financial Statement Reports Tax Reports Management Reports Export Reports to Excel
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
ACCOUNTING CYCLE
Throughout the year: Chart of Accounts: add, update, and
delete accounts Transactions: record using onscreen
forms
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
ACCOUNTING CYCLE
At year-end, prepare: Trial Balance Adjustments: record with onscreen journal Adjusted Trial Balance Financial Statements and Reports
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
TRIAL BALANCE
Lists each account and the account balance at the end of the period
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
5 types of adjustment to bring the accounts up-to-date at year-end:
1. Depreciation
2. Prepaid Items
3. Unearned Revenue
4. Accrued Expenses
5. Accrued Revenues
ADJUSTMENTS
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
ADJUSTED TRIAL BALANCE
Trial Balance + / - Adjusting Entries = Adjusted Trial Balance
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
GENERAL LEDGER
General Ledger lists for each account: Beginning balance Transactions affecting each account Ending balance
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
REPORTS
Financial Statements Income Statement (P&L) Balance Sheet Statement of
Cash Flows
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
REPORTS
Tax Reports Income Tax Preparation Report Income Tax Summary Report Income Tax
Detail Report
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
REPORTS
Management Reports Cash Flow Forecast
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
Export reports to Excel using the Excel button
EXPORT REPORTS TO EXCEL
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
TO LEARN MORE …
See Chapter 7
Visit the Online Learning Centerwww.mhhe.com/kay2013
Visit www.myquickbooks.me
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013