Using Quickbooks Pro 2005 For Accounting

by Owen, Glenn

• ISBN13: 9780324227468
• ISBN10: 0324227469
• Edition: CD
• Format: Paperback
• Copyright: 2005-07-15
• Publisher: Cengage Learning

Summary

Learn Quickbooks and Accounting at the same time! How? USING QUICKBOOKS PROA(R) 2005 FOR ACCOUNTING shows you how to analyze business events and learn all the basics of accounting by using the Quicken software. Designed around student interaction and easy-to-follow instruction, this Accounting textbook will help you pass the class with flying colors and get a jumpstart on your first real job.

Table of Contents

Preface	xi
Note to Student and Instructor	xvi
Getting Started with QuickBooks	1	(1)
Session 1 An Interactive Tour of QuickBooks	2	(27)
Case: Century Kitchens	2	(1)
Using This Text Effectively	3	(1)
Data Files CD	3	(3)
What Is QuickBooks?	6	(3)
Lists	6	(1)
Forms	6	(2)
Registers	8	(1)
Reports and Graphs	8	(1)
Launching QuickBooks	9	(1)
Restoring and Opening a QuickBooks File	10	(3)
The QuickBooks Window	13	(1)
Saving and Closing a QuickBooks File	14	(1)
Correcting Mistakes: The Backspace Key, the Undo Command, and the Clear Command	15	(2)
QuickBooks's Menus and Shortcut List	17	(1)
Using QuickBooks to Make Business Decisions: An Example at Century Kitchens	18	(2)
Printing in QuickBooks	20	(1)
Using QuickBooks Help	21	(1)
Ask Button	21	(2)
How Do I Buttons	23	(1)
QuickBooks Learning Center	23	(1)
The QuickBooks Navigator	24	(1)
Exiting QuickBooks	25	(1)
End Note	26	(1)
Session 1 Practice	27	(2)
Questions	27	(1)
Assignments	27	(1)
Case Problem: Century Kitchens	28	(1)
Session 2 Preparing a Balance Sheet Using QuickBooks	29	(15)
Case: Century Kitchens	29	(1)
Creating a Balance Sheet	29	(2)
Creating a Comparative Balance Sheet	31	(1)
Creating a Summary Balance Sheet	32	(1)
Investigating the Balance Sheet Using QuickZoom	33	(2)
Modifying Balance Sheet Reports	35	(2)
Memorizing a Report in QuickBooks	37	(2)
Printing the Balance Sheet	39	(2)
Session 2 Practice	41	(3)
Questions	41	(1)
Assignments	41	(2)
Case Problem: Jennings & Associates	43	(1)
Session 3 Preparing an Income Statement Using QuickBooks	44	(20)
Case: Century Kitchens	44	(1)
Date Formats	44	(1)
Creating an Income Statement	45	(1)
Modifying an Income Statement	46	(2)
Creating a Comparative Income Statement	48	(2)
Using QuickZoom with the Income Statement	50	(2)
Modifying the Income Statement Report	52	(4)
Printing the Income Statement	56	(5)
Session 3 Practice	61	(3)
Questions	61	(1)
Assignments	61	(1)
Case Problem: Jennings & Assoicates	62	(2)
Session 4 Preparing a Statement of Cash Flows Using QuickBooks	64	(8)
Case: Century Kitchens	64	(1)
Creating a Statement of Cash Flows	64	(4)
Using QuickZoom with the Statement of Cash Flows	68	(1)
Formatting and Printing the Statement of Cash Flows	69	(1)
Session 4 Practice	70	(2)
Questions	70	(1)
Assignments	70	(1)
Case Problem: Jennings & Assosciates	71	(1)
Session 5 Creating Supporting Reports to Help Make Business Decisions	72	(179)
Case: Century Kitchens	72	(1)
Creating and Printing an Accounts Receivable Aging Report	72	(4)
Creating and Printing a Customer Balance Summary	76	(1)
Creating and Printing an Inventory Valuation Summary Report	77	(2)
Creating, Printing, and Analyzing an Accounts Payable Aging Report	79	(2)
Creating and Printing a Vendor Balance Summary	81	(3)
End Note	84	(1)
Session 5 Practice	85	(4)
Questions	85	(1)
Assignments	85	(1)
Case Problem: Jennings & Associates	86	(3)
Setting Up Your Business's Accounting System	89	(32)
Case: Phoenix Systems Consulting, Inc.	90	(1)
Creating a New Company File	90	(8)
Setting Up Company Lists	98	(9)
Customer List	98	(1)
Vendor List	99	(1)
Employee List	100	(4)
Chart of Accounts	104	(1)
Item List	105	(2)
A Word about the EasyStep Interview	107	(1)
End Note	108	(1)
Chapter 2 Practice	109	(12)
Questions	109	(1)
Assignments	109	(6)
Case Problem 1: Ocean View Flowers	115	(2)
Case Problem 2: Jennings & Associates	117	(4)
Cash-Oriented Business Activities	121	(38)
Case: Phoenix Systems Consulting, Inc.	122	(1)
Recording Cash-Oriented Financing Activities	122	(2)
Recording Cash-Oriented Investing Activities	124	(4)
Recording Cash-Oriented Operating Activities	128	(10)
End Note	138	(1)
Chapter 3 Practice	139	(20)
Questions	139	(1)
Assignment	139	(4)
Case Problem 1: Ocean View Flowers	143	(3)
Case Problem 2: Jennings & Associates	146	(2)
Comprehensive Problem 1: Sarah Duncan, CPA	148	(2)
Comprehensive Problem 2: Pacific Brew	150	(4)
Comprehensive Problem 3: Sunset Spas	154	(5)
Additional Business Activities	159	(22)
Case: Phoenix Systems Consulting, Inc.	160	(1)
Recording Additional Financing Activities	160	(2)
Recording Additional Investing Activities	162	(1)
Recording Additional Operating Activities	163	(8)
Recording Non-Cash Investing and Financing Activities	171	(1)
End Note	172	(1)
Chapter 4 Practice	173	(8)
Questions	173	(1)
Assignments	173	(3)
Case Problem 1: Ocean View Flowers	176	(2)
Case Problem 2: Jennings & Associates	178	(3)
Adjusting Entries	181	(18)
Case: Phoenix Systems Consulting, Inc.	182	(1)
Accruing Expenses	182	(1)
Accruing Revenue	183	(1)
Recording the Expiration of Assets and Their Related Expenses	184	(5)
Adjusting Unearned Revenue	189	(2)
Bank Reconciliation	191	(3)
End Note	194	(1)
Chapter 5 Practice	194	(5)
Questions	194	(1)
Assignments	194	(2)
Case Problem 1: Ocean View Flowers	196	(1)
Case Problem 2: Jennings & Associates	197	(2)
Budgeting	199	(18)
Case: Phoenix Systems Consulting, Inc.	199	(1)
Budgets for Specific Revenues	199	(4)
Budgets for Specific Expenses	203	(3)
Budget for Assets, Liabilities, and Owners' Equity	206	(5)
End Note	211	(2)
Chapter 6 Practice	213	(4)
Questions	213	(1)
Assignments	213	(1)
Case Problem 1: Ocean View Flowers	214	(1)
Case Problem 2: Jennings & Associates	215	(2)
Reporting Business Activities	217	(34)
Case: Phoenix Systems Consulting, Inc.	218	(1)
Creating Income Statements	218	(4)
Creating Balance Sheets	222	(4)
Creating Graphs	226	(5)
Creating Additional Reports	231	(3)
Exporting Reports to Microsoft Excel	234	(4)
End Note	238	(1)
Chapter 7 Practice	239	(12)
Questions	239	(1)
Assignments	239	(1)
Case Problem 1: Ocean View Flowers	240	(1)
Case Problem 2: Jennings & Associates	241	(1)
Comprehensive Problem 1: Sports City	242	(2)
Comprehensive Problem 2: Pacific Brew	244	(3)
Comprehensive Problem 3: Sunset Spas	247	(4)
Appendix Traditional Accounting Records	251	(9)
Case: Phoenix Systems Consulting, Inc.	252	(1)
Trial Balance	252	(2)
General Ledger	254	(2)
Journalizing an Adjustment	256	(1)
End Note	257	(1)
Appendix Practice	258	(2)
Questions	258	(1)
Assignments	258	(1)
Case Problem 1: Ocean View Flowers	259	(1)
Case Problem 2: Jennings & Associates	259	(1)
Index	260