Embed Size (px)
DESCRIPTION
Computer Accounting with QuickBooks 2013 Chapter 12. Donna Kay. Chapter 12 Overview. Budgets Estimates Progress billing Credit Card Sales Bad Debts Audit Trail Accountant Copy. COMPUTER ACCOUNTING WITH QUICKBOOKS 2013. Budgets. Create budgets for: Profit & Loss Balance Sheet. - PowerPoint PPT Presentation
Citation preview
COMPUTER ACCOUNTING WITH
QUICKBOOKS 2013CHAPTER 12
Donna Kay
CHAPTER 12 OVERVIEW
Budgets Estimates Progress billing Credit Card Sales Bad Debts Audit Trail Accountant Copy
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
BUDGETS
Create budgets for: Profit & Loss Balance Sheet
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
ESTIMATES
Create estimates to bid on customer jobs.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
PROGRESS BILLING
Bill customer as the job progresses Receive partial payment from customer
before the project is complete
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
CREDIT CARD SALES
To process customers’ credit card payments:
1. For Payment Method select credit card type.
2. Enter Card No.
3. Enter Expiration Date.
QuickBooks offersMerchant Account Services to process credit card transactions.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
BAD DEBTS
When a customer fails to pay their account, it is a bad debt or uncollectible account.
Two methods to account for bad debts are: Direct write-off method Allowance method
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
BAD DEBTS
Three methods to record a write-off of an uncollectible account are:
1.Make a journal entry.
2.Use the Receive Payments window.
3.Use the Credit Memo window.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
AUDIT TRAIL
Audit Trail feature tracks all changes (additions, modifications, and deletions) made to your QuickBooks records.
Audit Trail improves internal control by tracking changes by User ID.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
AUDIT TRAILCreate an Audit Trail report:
1. From the Report Center, select Accountant & Taxes.
2. Select Audit Trail.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
ACCOUNTANT’S COPY
Create a copy of your QuickBooks company file for your accountant to review and update (.QBX file).
Your accountant can make changes while you continue to use QuickBooks.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
ASK MY ACCOUNTANT
Use the Ask My Accountant account when you are not sure how to record an item.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
SAVE TIME
Save time. Reduce errors. Set up: Memorized transactions Memorized reports
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
DOCUMENT MANAGEMENT
Now you can attach documents to QuickBooks forms.
Example: attach a vendor’s bill when you enter the bill in QuickBooks.
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
QUICKBOOKS MOBILE APPS
Use apps on your mobile device to stay connected to QuickBooks.
QuickBooks Mobile
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
QUICKBOOKS MOBILE APPS
Use apps on your mobile device to stay connected to QuickBooks.
QuickBooks Go Payment
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
TO LEARN MORE …
See Chapter 12
Visit the Online Learning Centerwww.mhhe.com/kay2013
Visit www.myquickbooks.me
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013
