QuickBooks Pro 2009: Level 2
Table of Contents
QuickBooks Pro 2009: Level 2
Table of Contents
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Lesson 1: Dealing with Physical Inventory QuickBooks and Inventory Tracking Should I Use QuickBooks to Track My Company’s Inventory? Setting Up the Item List Inventory vs. Non-Inventory Parts Using Units of Measure Cost of Goods Sold Inventory Valuation Dealing with Sales Tax in QuickBooks Sales Tax Items and Groups Default Tax Rate Dealing with Multiple Sales Tax Rates Creating Purchase Orders Non-Posting Accounts The QuickBooks To-Do List The Reminders List The Alerts Manager Receiving Items The Two Methods of Receiving Items Including Expenses on a Bill for Items Adjusting Quantity/Value on Hand Adjusting the Quantity of Your Inventory Adjusting the Value of Your Inventory Managing Inventory-Related Reports Physical Inventory Tally Concepts Review Skill Builders Assessments Critical Thinking Lesson 2: Selling Inventory Items Working with Customer & Vendor Profile Lists Table of Customer & Vendor Profile Lists Making the Lists Work for You Selling Items Templates Provided by Intuit Producing Sales Orders The QuickBooks Shipping Manager Discount Payment Terms Processing Sales Discounts and Electronic Payments Working with Electronic Customer Payments Assessing Finance Charges Setting Finance Charge Preferences Using a Batch of Statements to Bill for Finance Charges Writing Off Bad Debt Treating Bad Debt as a Discount Using a Credit Memo to Write Off a Bad Debt Paying Sales Tax Sales Tax Payable The Sales Tax Liability Report Dealing with Adjustments in Sales Tax Working with Sales and Receivables Reports and Graphs |
Concepts Review Skill Builders Assessments Critical Thinking Lesson 3: Using QuickBooks for Payroll Setting Up QuickBooks to Run Payroll Evaluating Payroll Options The Payroll Setup Interview Payroll Items Entering Historical Amounts Payroll Recordkeeping in QuickBooks Making Payroll Data More Meaningful Verifying Correct Payroll Item Setup Common Mistakes When Using QuickBooks for Payroll Setting Up Employees Through the Payroll Setup Interview Gather Your Employee Information Working with the Employee List Managing the Employee List Setting Employee Defaults Dealing with Payroll Taxes Creating Paychecks Passing On Billable Time to Customers Tracking and Paying Payroll Liabilities Knowing How Much to Pay The Pay Payroll Liabilities Window Working with 1099s and Processing Payroll Forms W-2s and W-3s 940 and 941 1099 MISC and 1096 Concepts Review Skill Builders Assessments Critical Thinking |
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Lesson 4: Working with Balance Sheet Accounts Working with Other Current Assets Balance Sheet Accounts The Show Lowest Subaccount Preference Setting a Default Bank Account Transferring Funds Between Accounts Memorizing Transactions Tracking Petty Cash Recording Methods Working with Fixed Asset Accounts Depreciation Accumulated Depreciation: What Is It and Why Use It Current Book Value Fixed Asset Items Setting Up a Long Term Liability The QuickBooks Loan Manager Preparing to Use the Loan Manager Working with Equity Accounts Owner’s Equity Retained Earnings Opening Balance Equity Concepts Review Skill Builders Assessments Critical Thinking Lesson 5: Creating Estimates and Using Classes, Job Costing, and Time Tracking Working with Classes What Are Classes? Common Uses for Classes Setting Up and Managing Classes Planning for Class Tracking Using Classes for Utilizing Subclasses Applying Classes to Transactions Consistent Class Applications Choosing Classes on Forms Running Class Reports The Profit & Loss Unclassified Report Creating an Estimate for a Job Job Costing in QuickBooks Preparing for Job Costing Converting an Estimate to an Invoice Progress Invoicing Using QuickBooks’ Time Tracking Feature Methods of Entering Time Using Time Tracking Hours to Create a Paycheck Allocating Salaried Pay to an Individual Customer or Job Invoicing a Customer for Time Spent on a Job Reporting for Estimates and Time Tracking Concepts Review Skill Builders Assessments Critical Thinking |
Lesson 6: Demystifying “Behind the Scenes” and Customizing QuickBooks Digging in “Behind the Scenes” Making Journal Entries Rule #1: Debits and Credits Must Always Be Equal Remembering the Item List Customizing Reports and Graphs Display Properties Filtering Formatting Fonts Working with Additional Formatting Options Header and Footer Options Page Layout Dealing with Memorized Reports Creating Custom Fields Adding Custom Fields Creating Custom Forms Templates Creating a Custom Template Using Custom Fields in Forms and Reports Working with the Layout Designer Window Selecting Multiple Objects Moving Objects in the Layout Designer Resizing Objects Closing the Books The Audit Trail Working with an Accountant’s Copy Cleaning Up Your Data Concepts Review Skill Builders Assessments Critical Thinking |