C OMPUTER A CCOUNTING WITH Q UICK B OOKS 2010 C HAPTER 1 Donna Kay Maryville University of Saint Louis W HY C HOOSE Q UICK B OOKS ? 3.5 million users 94% of small business accounting software sales COMPUTER ACCOUNTING WITH QUICKBOOKS 2010 T RANSACTIONS Two ways to enter transactions in QuickBooks: 1. Onscreen journal COMPUTER ACCOUNTING WITH QUICKBOOKS 2010 T RANSACTIONS Two ways to enter transactions in QuickBooks: 2. Onscreen forms COMPUTER ACCOUNTING WITH QUICKBOOKS 2010 C REATE A N A CCOUNTING S YSTEM USING Q UICK B OOKS : Step 1: Create a new company data file. Step 2: Create a chart of accounts. Step 3: Create lists: Customer list Vendor list Item list Employee list Other COMPUTER ACCOUNTING WITH QUICKBOOKS 2010 C REATE A N A CCOUNTING S YSTEM USING Q UICK B OOKS : Step 4: Enter transactions using an onscreen journal or onscreen form. COMPUTER ACCOUNTING WITH QUICKBOOKS 2010 C REATE A N A CCOUNTING S YSTEM U SING Q UICK B OOKS : Step 5: Prepare reports. Balance sheet Income statement Statement of cash flows COMPUTER ACCOUNTING WITH QUICKBOOKS 2010 Q UICK B OOKS N AVIGATION Navigation bar COMPUTER ACCOUNTING WITH QUICKBOOKS 2010 Q UICK B OOKS N AVIGATION Icon bar COMPUTER ACCOUNTING WITH QUICKBOOKS 2010 Q UICK B OOKS N AVIGATION Menu bar COMPUTER ACCOUNTING WITH QUICKBOOKS 2010 Q UICK B OOKS N AVIGATION Home page COMPUTER ACCOUNTING WITH QUICKBOOKS 2010 Customers Q UICK B OOKS H OME P AGE COMPUTER ACCOUNTING WITH QUICKBOOKS 2010 Q UICK B OOKS H OME P AGE Vendors COMPUTER ACCOUNTING WITH QUICKBOOKS 2010 Q UICK B OOKS H OME P AGE Employees COMPUTER ACCOUNTING WITH QUICKBOOKS 2010 Q UICK B OOKS H OME P AGE Banking COMPUTER ACCOUNTING WITH QUICKBOOKS 2010 Q UICK B OOKS H OME P AGE Company COMPUTER ACCOUNTING WITH QUICKBOOKS 2010 Q UICK B OOKS C OACH Get tips and tutorials COMPUTER ACCOUNTING WITH QUICKBOOKS 2010 C OMPANY S NAPSHOT COMPUTER ACCOUNTING WITH QUICKBOOKS 2010 Q UICK B OOKS R EPORT C ENTER COMPUTER ACCOUNTING WITH QUICKBOOKS 2010 Q UICK B OOKS H ELP COMPUTER ACCOUNTING WITH QUICKBOOKS 2010 Q UICK B OOKS F ILES.QBW = QuickBooks Working File.QBB = QuickBooks Backup File.QBM = QuickBooks Mobile (Portable) File COMPUTER ACCOUNTING WITH QUICKBOOKS 2010 T O L EARN M ORE Turn to Chapter 1 Visit the Online Learning CenterVisit the Student BlogCOMPUTER ACCOUNTING WITH QUICKBOOKS 2010