You have just started your Certified Public Accountant (CPA) practice, and your first client needs to be added to QuickBooks. Your client has just started the business and he is buying inventory the first month, so he does not have any expenses yet, just purchase
Adding a Client to QuickBooks
You have just started your Certified Public Accountant (CPA) practice, and your first client needs to be added to QuickBooks. Your client has just started the business and he is buying inventory the first month, so he does not have any expenses yet, just purchases.In QuickBooks, click Add Client. Fill in the information about your client (you will make up this information.). Next, click Add More Information.
You will need this information to be completed later when you enter transactions for your client.
Part 1
Import Chart of Accounts.
Click the gear icon, located on the upper right of the main page.
Click Chart of Accounts.
Click New – Import.
Import this file: Shape Up Chart of Accounts Practice Set download.
Part 2
Import Product and Services.
Click the gear icon, located on the upper right main page.
Click Products and Services.
Click New – Import and import the Shape Up Products and Services List Practice Set download.
You will see a Mapping prompt. It is ok, so click “Next.”
Part 3
In the course textbook, visit Chapter 6 on page 355 under the heading, “Customize Sale Forms and Make Them The Default Forms – Do.”
Complete the steps presented starting at the top of page 355 through the bottom of page 357.
Submission: Save the completed Invoice and Sales Receipt form, which will be submitted to the Canvas file upload submission.
Part 4
In the course textbook, visit Chapter 6 on page 367 under the heading, “Sales Tax – Do.”
Complete the steps presented starting at the middle of page 367 through the bottom of page 368.
Use your address as the company address.
Taxes will not be collected outside of your state.
Part 5
In the course textbook, visit Chapter 6 on page 387 under the heading, “View Inventory Valuation Summary – Do.”
Follow the steps at the top of the page.
Export the report.
ACC308 Accounting Information Systems
Week 2 Assignment
[WLOs: 1, 2, 3] [CLOs: 1, 2, 3, 4, 5, 6]
Prior to beginning work on this assignment, read Chapter 3 in the course textbook.
Use the chart below to complete the assignment:
Service
Customer 1
Customer 2
Customer 3
Customer 4
Customer 5
Annual Gym Membership
X
X
X
Monthly Gym Membership
X
X
Personal Training Hourly
Personal Training Series
X
Pilates Training Hourly
Pilates Training Series
X
Spin Training Hourly
Spin Training Series
X
Yoga Training Hourly
Yoga Training Series
Service
Customer 6
Customer 7
Customer 8
Customer 9
Customer 10
Annual Gym Membership
X
X
Monthly Gym Membership
X
X
X
Personal Training Hourly
Personal Training Series
Pilates Training Hourly
Pilates Training Series
X
X
Spin Training Hourly
Spin Training Series
X
Yoga Training Hourly
Yoga Training Series
X
X
Part 1: Enter Invoices
Visit Chapter 3 on page 154 in the course textbook.
Hover over Sales and click Invoices.
Click on New Invoice.
Click on Customer, click Add New, and then complete the form with your customer’s data. You need to add 10 customers, so continue adding Customers. You can make up these customers.
Click on your first customer.
At the bottom of the invoice, insert the date and the merchandise for the sale, following the chart.
Click Save at the bottom.
Export the report to Excel, which will be submitted to the Dropbox in Canvas.
Part 2: Prepare Customer Balance Detail
Visit Chapter 3 on page 160 in the course textbook.
Click on Reports. Then, click on Customer Balance Detail, which is located under Who Owes You.
Submission: Export the report to Excel which will be submitted to the Dropbox in Canvas.
Part 3: Receive Customer Payments
Visit Chapter 3 on page 209 in the course textbook.
Hover over Sales and click Invoices.
From the list of invoices, click on receive payment and enter the full amount due as collected for five of your customers. Then, enter a partial payment receipt for the other five customers.
Click on Reports. Then, click on Transactions Detail by Account, which is located under For My Accountant.
Submission: Export the report to Excel which will be submitted to the Dropbox in Canvas.
ACC308 Accounting Information Systems
Week 3 Assignment
Vendors
[WLOs: 1, 2, 3, 4] [CLOs: 3, 4, 5]
Prior to beginning work on this assignment, read Chapter 7 in the course textbook.
Part 1: Add A New Vendor
Visit Chapter 7 on page 448 in the course textbook under the heading, “Add a New Vendor – Do.”
Hover over expenses and click Vendors.
Click Add New Vendor.
Create 10 new vendors.
Part 2: Record Credit Card Purchase
Visit Chapter 7 on page 467 in the course textbook under the heading, “Record Credit Card Purchase – Do.”
Hover over expenses and click Expenses.
On the expense form, click Payee.
Use the drop-down menu to choose the vendor.
For the 10 vendors you created, purchase one of the products listed in the Item details.
Follow these procedures:
Click Payee and choose the first vendor.
Click Payment Account and click Checking.
Click Payment Method and choose Check.
Scroll down to Item Details.
Click the drop-down menu in the Product/Service cell.
Click the first inventory item.
Click any quantity you want.
Click on Save and Close.
Repeat the above for the other nine vendors, using a new product to purchase for each vendor.
Part 3: Vendor List
Click on Reports, and scroll down to Expenses and vendors.
Click on Vendor Contact List.
Submission: Export the Vendor List to Excel and save to submit to the Dropbox in Canvas.
Part 4: Vendor Detail
Click on Reports and scroll down to Expenses and Vendors.
Click on Purchases by Vendor Detail.
Submission: Export the Purchases by Vendor Detail List to Excel and save to submit to the Dropbox in Canvas.
ACC308 Accounting Information Systems
Week 4 Assignment
Transactions
[WLOs: 1, 2, 3, 4, 5] [CLOs: 3, 4]
Prior to beginning work on this assignment, read Appendix C, and it is recommended to review Chapters 4 and 7 in the course textbook.
Part 1: Write Checks to Pay Bills
See Chapter 7 on page 489 in the course textbook under the heading, “Write Checks to Pay Bills – Do.”
Hover over expenses and click Expenses.
Click new transaction – Check.
Payee, click Add new – Electric Company.
Click on Print Later.
Click on Item Details.
Click on Product/Services.
Add New – Non-Inventory.
Enter the amount.
Save and Close.
Complete the same steps as above for the water bill and the telephone bill.
Click on Reports, and scroll down to Expenses and Vendors.
Click on Check Detail.
Submission: Export the Check Detail Report to Excel and save for submission to the Dropbox in Canvas.
Part 2: Purchase Long Term Asset
Visit Chapter 4 on page 234 in the course textbook.
Hover over Expense and click on Vendors.
Click on New Vendor and complete the information for a car dealership.
On the Vendors page, located to the right for the new vendor, click on the drop-down menu and select Write Check.
Fill in the vendor information.
Click the drop-down menu for Category and click Add New.
On the Account page, click on Fixed Assets in the drop-down menu for Account Type.
Click on Vehicles – Long Term Asset in the dropdown menu for Detail Type.
Enter the amount of the check.
Click Save and Close.
Click on Reports, Balance Sheet, select Today, and Run the report.
Submission: Export the report to Excel for submission to the Dropbox in Canvas.
Part 3: Recurring Transactions – Depreciation
Visit Appendix C on page 663 in the course textbook.
Click on the Gear, which is located at the top right of the main menu.
Under Lists, click on Recurring Transactions.
Click New.
Click Journal entry for Select Transaction Type.
On the Recurring Journal Entry page, name the template, Depreciation.
Interval is set up as monthly on the first, which you can change.
Determine the amount of monthly depreciation for the automobile you purchased and click the drop-down menu on line one under Account.
Click Add New; Account Type is expenses. For Detail Type, click on Depreciation Expense, and then click Save and Close.
Enter the amount of the depreciation in the debit column.
For line two, click on Accumulated Depreciation – Fixed Assets, and enter the amount as a credit.
For the Start Date, enter the Current Date and then enter the End Date.
This journal entry will now be made on a recurring basis until the end date.
Click on Reports titled, For My Accountant and Recurring Template List.
Submission: Export the report to Excel for submission to the Dropbox in Canvas.
ACC308 Accounting Information Systems
Week 5 Assignment
Payroll
[WLOs: 1, 2, 3, 4, 5] [CLO: 3]
Prior to beginning work on this assignment, read Chapter 9 in the course textbook.
Part 1: Payroll
Hover over Workers and click on Employees.
Click Add an Employee and complete the seven steps to add an employee.
Add five employees to the company.
Click on Reports and under Payroll, click on Employee Details.
Submission: Click Share and Export to export the report to Excel which will be submitted to the Dropbox in Canvas.
Part 2: Balance Sheet
Click on Reports, and then click on Balance sheet.
Select a date and run the report.
Submission: Export the report to Excel which will be submitted to the Dropbox in Canvas.
Part 3: Income Statement
Click on Reports, and then click on Income Statement.
Select a period and run the report.
Submission: Export the report to Excel which will be submitted to the Dropbox in Canvas.
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