You have just started your Certified Public Accountant (CPA) practice, and your first client needs to be added 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.
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