The Sample Company – Craig`s Design and Landscaping Services

Transcription

Chapter 1
QuickBooks Online
Test-drive
Copyright ©2017 by McGraw-Hill Education. All rights reserved.
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The Sample Company –
Craig’s Design and Landscaping Services
The sample company, Craig’s Design and Landscaping
Services, is shown in Chapter 1. Using the sample company,
you learn about the basic features of QuickBooks Online
(QBO).
To use QBO, you need to sign in with a web browser.
Browsers include Internet Explorer, Firefox, Chrome, and
Safari.
QBO can be used wherever you are − the web, iPhone, iPad,
and Android. Go online to http://quickbooks.intuit.com/mobile
to learn more.
Completing Chapter 1 helps you become familiar with the
user interface.
In Chapters 2 through 10, you log into QuickBooks Online and
work with a merchandising company that you set up.
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QBO Tips
Start your Internet browser. Go online to https://qbo.intuit.com/redir/testdrive.
Each time you start the sample company, a unique verification code is typed.
The security verification changes with each log in, and the sample company,
Craig’s Design and Landscaping Services, starts over again. Data is not saved
when you sign out or exit the sample company.
Throughout the chapter, Check Your Progress assignments are shown.
Answers are provided so you can check your work.
Before starting Exercise 1-1, sign out of QB Online. Then, start a new QBO
session to complete the 12 transactions in Exercise 1-1. Continue with
Exercise 1-2. You should not sign out until Exercises 1-1 and 1-2 are
completed.
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Files Saved in Chapter 1
The chart below shows the Excel files saved in Chapter 1. Files can be
saved to a USB flash drive, hard-drive location, network, or external media.
To identify your file, you could add your name at the end of the suggested
file name.
Excel
Page
Chapter 1_CofA_sample company
15
Exercise 1-2_Journal
38
Exercise 1-2_Transaction Detail by Account
39
Exercise 1-2_Trial Balance
39
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QBO Home Page
1. Navigation Bar. 2. Search transactions. 3. Create transactions. 4. Recent
transaction list. 5. Gear to manage settings. 6. Help
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Chart of Accounts
In QBO, the chart of accounts is a complete list of a
business’s accounts and their balances. This table
shows the chart of accounts numbering system.
Numbers
Type
1000s
Assets
2000s
Liabilities
3000s
Equity
4000s
Income
5000s
Cost of Sales
6000s
Expenses
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Troubleshooting
If you do not use QB Online for about an hour, it will
automatically close.
When you sign out or exit the sample company, data is
not saved.
Each time you start the sample company, and type the
security word, you begin a new session of Craig’s
Design and Landscaping Services.
To complete Exercise 1-1, you should start a new
session of the sample company.
Exercises 1-1 and 1-2 work together. Sign out after
completing Exercise 1-2.
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Online Learning Center
 Go online to www.mhhe.com/QBO for additional resources.
Link to Student Edition, then select Chapter 1. The Online
Learning Center includes:
o Narrated PowerPoints.
o Going to the Net exercises.
o Videos.
o Multiple-Choice Questions.
o True or False Questions.
o Analysis Questions.
o Glossary of Terms.
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YouTube Videos
Watch QuickBooks Online for iPad
Watch Elissa Greenly Talks about QuickBooks Online
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Going to the Net
To compare QuickBooks Online to QuickBooks desktop, go online to
The QuickBooks Online Difference > click Compare. Answer these
questions.
1. In terms of device access, compare QuickBooks Online (QBO) to
QuickBooks Desktop (QBD).
2. Explain support options.
3. Explain cloud access.
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Analysis Questions
1. Define the chart of accounts and its categories. How
do accounting textbooks define the chart of
accounts?
2. What do you select to add account numbers to the
chart of accounts?
3. What numbering system is used for the Chart of
Accounts?
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The Sample Company – Craig`s Design and Landscaping Services

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