QuickBooks Desktop 2023 #2 Create New Company File & Enter Two Months of Data
This is the second in a series of courses covering QuickBooks Desktop 2023; comprehensively.
1012 30 Day Free Trial or Purchase Process
6010 Restore & Backup Data Files
Documents to Download
Backup Files
6040 Create a New Company File
6080 Company Preferences Accounting
6100 Benefits HR, Company Preferences Bills, Calendar, & Checking
6140 Company Preferences Integrated Application & Items & Inventory
6160 Jobs and Estimates, Multiple Currencies, Payments, and Payroll
6180 Company Preferences Reminders & Reports & Graphs
6200 Company Preferences Sales & Customers & Sales Tax
6220 Company Preferences Search, Send Forms, Service Connection
6240 Options for Interring Items, Customers & Vendors
6260 Enter Service Items
6280 Inventory Tracking Options
6300 Set Up Inventory Items
6320 Sales Tax Set Up
6340 New Customers Setup AND Accounts Receivable Beginning Balances165745c.autosav
6360 New Vendors Setup & Accounts Payable Beginning Balances
6380 Add New Accounts AND Opening Balances
6420 Manual Payroll Set up
6400 Adjust Opening Balances
6440 Generate Reports After Entering Beginning Balances
7020 Deposits - Owner Investment & Loan
7040 Record Investment
7043 Purchase of Fixes Assets
7060 Enter Purchase Order P.O.
7080 Cash Payment for Inventory Linked to Purchase Order P.O.
7100 Invoice Selling Inventory
7140 Sales Receipt Payment Received at Point of Sale
7160 Deposits From Undeposited Funds
7180 Invoice Created From Check Created From Purchase Order
7200 Receive Payment and Make Deposit
7220 Write Checks for Expenses & Prepaid Assets
7240 Bill Pay1968546.autosave
7260 Customer Jobs
7280 Pay Employees
7282 Change Payroll Item for Payroll Taxes
7300 Enter Billable Time & Expense & Invoice
7320 Month One Reports
8020 Make Amortization Table2d01e19.autosave
8022 Make Loan Paymentsd8329e.autosave
8040 Short Term Investment Sales & Gains
8060 Change Account Categorization to Other Expense
8080 Purchase Order Adding New Items
8120 Sales Receipt AND Deposit
8122 Record Receipt of Inventory with Bill Linked to P.O.
8130 Populate Invoice Using Billable Item That was Created From P.O.
8140 Advanced Customer Payment or Unearned Revenue Method 1ff5ed1.autosave118eb0
8160 Apply Customer Deposit (Credit) to Invoice
8200 Advanced Customer Payment or Unearned Revenue Method 2
8320 Bill for Hourly Services of Staff Set up Items & Enter Billable Time
8322 Create Invoices Using Billable Timed68a1e.autosave559e75.autosave
8340 Rental Income Set Up Items
8342 Rental Estimate & Customer Deposit
8344 Rental Income Invoice from Estimate
8360 Purchase and Finance Equipment and Create Loan Sub Accounts1f01010.autosave
8362 Subaccounts Categories For Fixed Assets
8365 Bills - Enter, Sort, & Pay
8370 Pay Sales Tax
8380 Enter Payroll For Second Month
8385 Pay Payroll Taxes
8420 Create Reports After Second Month of Data Input
We will create a new company file and populate it with two months of data input.
The data input will cover every significant form in each operating cycle, including the revenue cycle, the payables cycle, and the payroll cycle. The primary operating cycles are also commonly grouped as the customer, vendor, and employee cycle.
As we enter financial transactions, populating forms, we will analyze the impact on the financial statement and related reports.
Entering two months of data will allow us to see the difference in complexity of entering data for the first month of operations, a time when we have no historical data to help us, and entering data in following months, a time when we do have prior history and transactions to help simplify the process.