CHAPTER 2 CUSTOMIZING QUICKBOOKS AND THE CHART OF ACCOUNTS
|
|
|
- Pearl Johns
- 8 years ago
- Views:
Transcription
1 CHAPTER 2 CUSTOMIZING QUICKBOOKS AND THE CHART OF ACCOUNTS INSTRUCTOR NOTE: Assignments that can be graded using the QuickBooks Grade Assistant are designated with a *. To download the QuickBooks Grade Assistant: 1. Go to 2. Enter Passcode: DonnaKay 3. Select QB2013 GRADE ASSIST 4. Download QB2013 Grade Assistant Excel files with macros. Instructions are provided on the first worksheet of each QuickBooks Grade Assistant workbook. Students can download Go Digital Excel report templates at and then export their reports to the Excel template for grading with the QuickBooks Grade Assistant.
2 2.2 Exploring QuickBooks with Rock Castle Construction CHAPTER 2 QUICK CHECK CHAPTER 2 * Chart of Accounts (Account Listing) EXERCISE 2.1 * Task 3: Statement of Cash Flows * Task 4: To Do List EXERCISE 2.2 * Task 3: Revised Chart of Accounts EXERCISE 2.3 Your Choice: List of Industry-Specific Features EXERCISE 2.4 Schedule C Tax Form 1120S Tax Form PROJECT 2 QUICK CHECK PROJECT 2 * Chart of Accounts (Account Listing) * Statement of Cash Flows
3 Chapter 2 Customizing QuickBooks and the Chart of Accounts 2.3 CHAPTER 2 CHART OF ACCOUNTS Account Type Balance Total Description Accnt. # Tax Line YourName Checking Bank 46, Cash B/S-Assets: Cash Savings Bank 17, Savings B/S-Assets: Cash Petty Cash Bank Petty Cash B/S-Assets: Cash Accounts Receivable Accounts Receivable 93, Accounts Receivable B/S-Assets: Accts. Rec. and trade notes Undeposited Funds Other Current Asset 2, Undeposited Funds B/S-Assets: Other current assets Inventory Asset Other Current Asset 30, Inventory Asset B/S-Assets: Other current assets Employee Advances Other Current Asset Employee Advances B/S-Assets: Other current assets Pre-paid Insurance Other Current Asset 4, Pre-paid Insurance B/S-Assets: Other current assets Retainage Receivable Other Current Asset 3, Retainage Receivable B/S-Assets: Other current assets Furniture and Equipment Fixed Asset 34, Furniture and Equipment B/S-Assets: Buildings/oth. depr. assets Vehicles Fixed Asset 78, Vehicles B/S-Assets: Buildings/oth. depr. assets Buildings and Improvements Fixed Asset 325, Buildings and Improvements B/S-Assets: Buildings/oth. depr. assets Construction Equipment Fixed Asset 15, Construction Equipment B/S-Assets: Buildings/oth. depr. assets Land Fixed Asset 90, Land B/S-Assets: Land Accumulated Depreciation Fixed Asset -110, Accumulated Depreciation B/S-Assets: Buildings/oth. depr. assets Security Deposits Other Asset 1, Security Deposits B/S-Assets: Other assets Accounts Payable Accounts Payable 26, Moneys you owe to vendors and suppliers B/S-Liabs/Eq.: Accounts payable QuickBooks Credit Card Credit Card QuickBooks Credit Card B/S-Liabs/Eq.: Other current liabilities CalOil Credit Card Credit Card B/S-Liabs/Eq.: Other current liabilities Subcontracted Federal WH Other Current Liability 0.00 B/S-Liabs/Eq.: Other current liabilities Due to Owner Other Current Liability 0.00 Short Term Loan from Owner - No Note or Bond B/S-Liabs/Eq.: Other current liabilities Payroll Liabilities Other Current Liability 5, Payroll Liabilities B/S-Liabs/Eq.: Other current liabilities Payroll Liabilities:24010 Federal Withholding Other Current Liability 1, B/S-Liabs/Eq.: Other current liabilities Payroll Liabilities:24020 FICA Payable Other Current Liability 2, B/S-Liabs/Eq.: Other current liabilities Payroll Liabilities:24030 AEIC Payable Other Current Liability B/S-Liabs/Eq.: Other current liabilities Payroll Liabilities:24040 FUTA Payable Other Current Liability B/S-Liabs/Eq.: Other current liabilities Payroll Liabilities:24050 State Withholding Other Current Liability B/S-Liabs/Eq.: Other current liabilities Payroll Liabilities:24060 SUTA Payable Other Current Liability B/S-Liabs/Eq.: Other current liabilities Payroll Liabilities:24070 State Disability Payable Other Current Liability B/S-Liabs/Eq.: Other current liabilities Payroll Liabilities:24080 Worker's Compensation Other Current Liability 1, B/S-Liabs/Eq.: Other current liabilities Payroll Liabilities:24090 Direct Deposit Liabilities Other Current Liability B/S-Liabs/Eq.: Other current liabilities Payroll Liabilities:24100 Emp. Health Ins Payable Other Current Liability B/S-Liabs/Eq.: Other current liabilities Sales Tax Payable Other Current Liability Sales Tax Payable B/S-Liabs/Eq.: Other current liabilities Loan - Vehicles (Van) Long Term Liability 10, /4 Ton PU - 48 months 6.9% purchased 12/01/ B/S-Liabs/Eq.: L-T Mortgage/note/bonds pay Loan - Vehicles (Utility Truck) Long Term Liability 19, Loan - Vehicles (Utility Truck) B/S-Liabs/Eq.: L-T Mortgage/note/bonds pay Loan - Vehicles (Pickup Truck) Long Term Liability 22, Loan - Vehicles (Pickup Truck) B/S-Liabs/Eq.: L-T Mortgage/note/bonds pay Loan - Construction Equipment Long Term Liability 13, Loan for Construction Equipment B/S-Liabs/Eq.: L-T Mortgage/note/bonds pay Loan - Furniture/Office Equip Long Term Liability 21, Loan for purchase of furniture and office equipment B/S-Liabs/Eq.: L-T Mortgage/note/bonds pay Note Payable - Bank of Anycity Long Term Liability 2, B/S-Liabs/Eq.: L-T Mortgage/note/bonds pay Mortgage - Office Building Long Term Liability 296, Mortgage - Office Building B/S-Liabs/Eq.: L-T Mortgage/note/bonds pay Opening Bal Equity Equity 38, Offset account for use during the setup of the company's QuickBooks data <Unassigned> file only Capital Stock Equity Capital Stock <Unassigned> Shareholder Distributions Equity 0.00 Distributions paid to shareholders <Unassigned> Retained Earnings Equity Retained Earnings <Unassigned> Construction Income Income Construction Income <Unassigned> Construction Income:40110 Design Income Income <Unassigned> Construction Income:40120 Equipment Rental Income Income <Unassigned>
4 2.4 Exploring QuickBooks with Rock Castle Construction Account Type Balance Total Description Accnt. # Tax Line Construction Income:40130 Labor Income Income <Unassigned> Construction Income:40140 Materials Income Income <Unassigned> Construction Income:40150 Subcontracted Labor Income <Unassigned> Construction Income:40199 Less Discounts given Income <Unassigned> Reimbursement Income Income <Unassigned> Reimbursement Income:40510 Mileage Income Income Account for reimbursable mile <Unassigned> Reimbursement Income:40520 Permit Reimbursement Income Income <Unassigned> Reimbursement Income:40530 Reimbursed Freight Income & Delivery <Unassigned> Cost of Goods Sold Cost of Goods Sold QuickBooks Automatically Increases the balance in this account when you <Unassigned> use inventory items on invoices or sales receipts Job Expenses Cost of Goods Sold <Unassigned> Job Expenses:54100 Bond Expense Cost of Goods Sold <Unassigned> Job Expenses:54200 Equipment Rental Cost of Goods Sold Equipment Rental <Unassigned> Job Expenses:54300 Job Materials Cost of Goods Sold Job Materials <Unassigned> Job Expenses:54400 Permits and Licenses Cost of Goods Sold Licenses <Unassigned> Job Expenses:54500 Subcontractors Cost of Goods Sold Subcontractors Expense <Unassigned> Job Expenses:54520 Freight & Delivery Cost of Goods Sold Freight and Delivery <Unassigned> Job Expenses:54599 Less Discounts Taken Cost of Goods Sold <Unassigned> Automobile Expense Automobile <Unassigned> Automobile:60110 Fuel Expense Fuel Expense <Unassigned> Automobile:60120 Insurance Expense Business Truck Policies <Unassigned> Automobile:60130 Repairs and Maintenance Expense <Unassigned> Bad debt Expense <Unassigned> Advertising & Promotion Expense Deductions: Advertising Bank Service Charges Expense Bank Service Charges <Unassigned> Depreciation Expense Expense Depreciation Expense <Unassigned> Dues and Subscriptions Expense Dues and Subscriptions <Unassigned> Union Dues Expense Union Dues <Unassigned> Insurance Expense Insurance <Unassigned> Insurance:62110 Disability Insurance Expense Disability Insurance <Unassigned> Insurance:62120 Liability Insurance Expense Liability Insurance <Unassigned> Insurance:62130 Work Comp Expense Workman's Compensation <Unassigned> Insurance:62199 Less Employee Portion - Health Expense <Unassigned> Interest Expense Expense Interest Expense <Unassigned> Interest Expense:62410 Finance Charge Expense Finance Charge <Unassigned> Interest Expense:62420 Loan Interest Expense Loan Interest Expense <Unassigned> Payroll Expenses Expense <Unassigned> Payroll Expenses:62710 Gross Wages Expense <Unassigned> Payroll Expenses:62720 Payroll Taxes Expense <Unassigned> Payroll Expenses:62730 FUTA Expense Expense <Unassigned> Payroll Expenses:62740 SUTA Expense Expense <Unassigned> Office Supplies Expense Office Supplies <Unassigned> Postage Expense <Unassigned> Professional Fees Expense Professional Fees <Unassigned> Professional Fees:63610 Accounting Expense Accounting Fees <Unassigned> Professional Fees:63620 Legal Fees Expense Legal Fees <Unassigned> Rent Expense Rent <Unassigned> Repairs Expense Repairs and Maintenance <Unassigned>
5 Chapter 2 Customizing QuickBooks and the Chart of Accounts 2.5 Account Type Balance Total Description Accnt. # Tax Line Repairs:64210 Building Repairs Expense Building Repairs <Unassigned> Repairs:64220 Computer Repairs Expense Computer Repairs <Unassigned> Repairs:64230 Equipment Repairs Expense Equipment Repairs <Unassigned> Taxes Expense Taxes <Unassigned> Taxes:64510 Federal Expense Federal Taxes <Unassigned> Taxes:64520 State Expense <Unassigned> Taxes:64530 Property Expense Property Taxes <Unassigned> Taxes:64540 Local Expense <Unassigned> Tools and Machinery Expense Tools and Machinery <Unassigned> Utilities Expense Utilities <Unassigned> Utilities:65110 Gas and Electric Expense Gas and Electric <Unassigned> Utilities:65120 Telephone Expense Telephone <Unassigned> Utilities:65130 Water Expense Water <Unassigned> Miscellaneous Expense Miscellaneous <Unassigned> Other Income Other Income Other Income <Unassigned> Interest Income Other Income Interest Income <Unassigned> Other Expenses Other Expense Other Expenses <Unassigned> Purchase Orders Non-Posting <Unassigned> Estimates Non-Posting <Unassigned> Sales Orders Non-Posting <Unassigned>
6 2.6 Exploring QuickBooks with Rock Castle Construction EXERCISE 2.1 TASK 3 STATEMENT OF CASH FLOWS Nov 17 OPERATING ACTIVITIES Net Income 16, Adjustments to reconcile Net Income to net cash provided by operations: Accounts Receivable -2, Inventory Asset -2, Pre-paid Insurance Retainage Receivable -2, Accounts Payable 16, QuickBooks Credit Card -1, CalOil Credit Card Payroll Liabilities:24010 Federal Withholding Payroll Liabilities:24020 FICA Payable Payroll Liabilities:24050 State Withholding Payroll Liabilities:24070 State Disability Payable Payroll Liabilities:24080 Worker's Compensation Payroll Liabilities:24100 Emp. Health Ins Payable Sales Tax Payable Net cash provided by Operating Activities 25, FINANCING ACTIVITIES Loan - Vehicles (Van) Loan - Construction Equipment Note Payable - Bank of Anycity -2, Net cash provided by Financing Activities -3, Net cash increase for period 21, Cash at beginning of period 77, Cash at end of period 99,551.58
7 Chapter 2 Customizing QuickBooks and the Chart of Accounts 2.7 EXERCISE 2.1 TASK 4 TO DO LIST Done Date Description Priority Type With No 07/27/2012 Call Doug about grout in the kitchen. Low Task No 07/27/2012 Call Lynn about back porch. Low Task No 07/27/2012 Finish Jacobsen poolhouse estimate Low Task No 01/01/2018 Print financial statements for Mr. Castle. High Task Yes 07/27/2012 Call Erika Pretell about new property. Low Task Yes 07/27/2012 Call Patton Hardware Supplies about Mason job. Low Task Yes 12/12/2017 Print financial statements for Mr. Castle. High Task
8 2.8 Exploring QuickBooks with Rock Castle Construction EXERCISE 2.2 TASK 3 REVISED CHART OF ACCOUNTS Account Type Balance Total Description Accnt. # Tax Line YourName Checking Bank 46, Cash B/S-Assets: Cash Savings Bank 17, Savings B/S-Assets: Cash Petty Cash Bank Petty Cash B/S-Assets: Cash Accounts Receivable Accounts Receivable 93, Accounts Receivable B/S-Assets: Accts. Rec. and trade notes Undeposited Funds Other Current Asset 2, Undeposited Funds B/S-Assets: Other current assets Inventory Asset Other Current Asset 30, Inventory Asset B/S-Assets: Other current assets Employee Advances Other Current Asset Employee Advances B/S-Assets: Other current assets Pre-paid Insurance Other Current Asset 4, Pre-paid Insurance B/S-Assets: Other current assets Retainage Receivable Other Current Asset 3, Retainage Receivable B/S-Assets: Other current assets Furniture and Equipment Fixed Asset 34, Furniture and Equipment B/S-Assets: Buildings/oth. depr. assets Vehicles Fixed Asset 78, Vehicles B/S-Assets: Buildings/oth. depr. assets Buildings and Improvements Fixed Asset 325, Buildings and Improvements B/S-Assets: Buildings/oth. depr. assets Construction Equipment Fixed Asset 15, Construction Equipment B/S-Assets: Buildings/oth. depr. assets Land Fixed Asset 90, Land B/S-Assets: Land Accumulated Depreciation Fixed Asset -110, Accumulated Depreciation B/S-Assets: Buildings/oth. depr. assets Security Deposits Other Asset 1, Security Deposits B/S-Assets: Other assets Accounts Payable Accounts Payable 26, Moneys you owe to vendors and suppliers B/S-Liabs/Eq.: Accounts payable QuickBooks Credit Card Credit Card QuickBooks Credit Card B/S-Liabs/Eq.: Other current liabilities CalOil Credit Card Credit Card B/S-Liabs/Eq.: Other current liabilities Subcontracted Federal WH Other Current Liability 0.00 B/S-Liabs/Eq.: Other current liabilities Due to Owner Other Current Liability 0.00 Short Term Loan from Owner - No Note or Bond B/S-Liabs/Eq.: Other current liabilities Payroll Liabilities Other Current Liability 5, Payroll Liabilities B/S-Liabs/Eq.: Other current liabilities Payroll Liabilities:24010 Federal Withholding Other Current Liability 1, B/S-Liabs/Eq.: Other current liabilities Payroll Liabilities:24020 FICA Payable Other Current Liability 2, B/S-Liabs/Eq.: Other current liabilities Payroll Liabilities:24030 AEIC Payable Other Current Liability B/S-Liabs/Eq.: Other current liabilities Payroll Liabilities:24040 FUTA Payable Other Current Liability B/S-Liabs/Eq.: Other current liabilities Payroll Liabilities:24050 State Withholding Other Current Liability B/S-Liabs/Eq.: Other current liabilities Payroll Liabilities:24060 SUTA Payable Other Current Liability B/S-Liabs/Eq.: Other current liabilities Payroll Liabilities:24070 State Disability Payable Other Current Liability B/S-Liabs/Eq.: Other current liabilities Payroll Liabilities:24080 Worker's Compensation Other Current Liability 1, B/S-Liabs/Eq.: Other current liabilities Payroll Liabilities:24090 Direct Deposit Liabilities Other Current Liability B/S-Liabs/Eq.: Other current liabilities Payroll Liabilities:24100 Emp. Health Ins Payable Other Current Liability B/S-Liabs/Eq.: Other current liabilities Sales Tax Payable Other Current Liability Sales Tax Payable B/S-Liabs/Eq.: Other current liabilities Loan - Vehicles (Van) Long Term Liability 10, /4 Ton PU - 48 months 6.9% purchased 12/01/ B/S-Liabs/Eq.: L-T Mortgage/note/bonds pay Loan - Vehicles (Utility Truck) Long Term Liability 19, Loan - Vehicles (Utility Truck) B/S-Liabs/Eq.: L-T Mortgage/note/bonds pay Loan - Vehicles (Pickup Truck) Long Term Liability 22, Loan - Vehicles (Pickup Truck) B/S-Liabs/Eq.: L-T Mortgage/note/bonds pay Loan - Construction Equipment Long Term Liability 13, Loan for Construction Equipment B/S-Liabs/Eq.: L-T Mortgage/note/bonds pay Loan - Furniture/Office Equip Long Term Liability 21, Loan for purchase of furniture and office equipment B/S-Liabs/Eq.: L-T Mortgage/note/bonds pay Note Payable - Bank of Anycity Long Term Liability 2, B/S-Liabs/Eq.: L-T Mortgage/note/bonds pay Mortgage - Office Building Long Term Liability 296, Mortgage - Office Building B/S-Liabs/Eq.: L-T Mortgage/note/bonds pay Opening Bal Equity Equity 38, Offset account for use during the setup of the company's QuickBooks data <Unassigned> file only Capital Stock Equity Capital Stock <Unassigned> Shareholder Distributions Equity 0.00 Distributions paid to shareholders <Unassigned> Retained Earnings Equity Retained Earnings <Unassigned> Construction Income Income Construction Income <Unassigned> Construction Income:40110 Design Income Income <Unassigned> Construction Income:40120 Equipment Rental Income Income <Unassigned>
9 Chapter 2 Customizing QuickBooks and the Chart of Accounts 2.9 Account Type Balance Total Description Accnt. # Tax Line Construction Income:40130 Labor Income Income <Unassigned> Construction Income:40140 Materials Income Income <Unassigned> Construction Income:40150 Subcontracted Labor Income <Unassigned> Construction Income:40199 Less Discounts given Income <Unassigned> Reimbursement Income Income <Unassigned> Reimbursement Income:40510 Mileage Income Income Account for reimbursable mile <Unassigned> Reimbursement Income:40520 Permit Reimbursement Income Income <Unassigned> Reimbursement Income:40530 Reimbursed Freight Income & Delivery <Unassigned> Cost of Goods Sold Cost of Goods Sold QuickBooks Automatically Increases the balance in this account when you <Unassigned> use inventory items on invoices or sales receipts Job Expenses Cost of Goods Sold <Unassigned> Job Expenses:54100 Bond Expense Cost of Goods Sold <Unassigned> Job Expenses:54200 Equipment Rental Cost of Goods Sold Equipment Rental <Unassigned> Job Expenses:54300 Job Materials Cost of Goods Sold Job Materials <Unassigned> Job Expenses:54400 Permits and Licenses Cost of Goods Sold Licenses <Unassigned> Job Expenses:54500 Subcontractors Cost of Goods Sold Subcontractors Expense <Unassigned> Job Expenses:54520 Freight & Delivery Cost of Goods Sold Freight and Delivery <Unassigned> Job Expenses:54599 Less Discounts Taken Cost of Goods Sold <Unassigned> Automobile Expense Automobile <Unassigned> Automobile:60110 Fuel Expense Fuel Expense <Unassigned> Automobile:60120 Insurance Expense Business Truck Policies <Unassigned> Automobile:60130 Repairs and Maintenance Expense <Unassigned> Bad debt Expense <Unassigned> Selling Expense Expense Deductions: Advertising Selling Expense:60410 Advertising Expense Expense Deductions: Advertising Selling Expense:60420 Promotion Expense Expense Deductions: Advertising Bank Service Charges Expense Bank Service Charges <Unassigned> Depreciation Expense Expense Depreciation Expense <Unassigned> Dues and Subscriptions Expense Dues and Subscriptions <Unassigned> Union Dues Expense Union Dues <Unassigned> Insurance Expense Insurance <Unassigned> Insurance:62110 Disability Insurance Expense Disability Insurance <Unassigned> Insurance:62120 Liability Insurance Expense Liability Insurance <Unassigned> Insurance:62130 Work Comp Expense Workman's Compensation <Unassigned> Insurance:62199 Less Employee Portion - Health Expense <Unassigned> Interest Expense Expense Interest Expense <Unassigned> Interest Expense:62410 Finance Charge Expense Finance Charge <Unassigned> Interest Expense:62420 Loan Interest Expense Loan Interest Expense <Unassigned> Payroll Expenses Expense <Unassigned> Payroll Expenses:62710 Gross Wages Expense <Unassigned> Payroll Expenses:62720 Payroll Taxes Expense <Unassigned> Payroll Expenses:62730 FUTA Expense Expense <Unassigned> Payroll Expenses:62740 SUTA Expense Expense <Unassigned> Office Supplies Expense Office Supplies <Unassigned> Postage Expense <Unassigned> Professional Fees Expense Professional Fees <Unassigned> Professional Fees:63610 Accounting Expense Accounting Fees <Unassigned> Professional Fees:63620 Legal Fees Expense Legal Fees <Unassigned>
10 2.10 Exploring QuickBooks with Rock Castle Construction Account Type Balance Total Description Accnt. # Tax Line Rent Expense Rent <Unassigned> Repairs Expense Repairs and Maintenance <Unassigned> Repairs:64210 Building Repairs Expense Building Repairs <Unassigned> Repairs:64220 Computer Repairs Expense Computer Repairs <Unassigned> Repairs:64230 Equipment Repairs Expense Equipment Repairs <Unassigned> Taxes Expense Taxes <Unassigned> Taxes:64510 Federal Expense Federal Taxes <Unassigned> Taxes:64520 State Expense <Unassigned> Taxes:64530 Property Expense Property Taxes <Unassigned> Taxes:64540 Local Expense <Unassigned> Tools and Machinery Expense Tools and Machinery <Unassigned> Utilities Expense Utilities <Unassigned> Utilities:65110 Gas and Electric Expense Gas and Electric <Unassigned> Utilities:65120 Telephone Expense Telephone <Unassigned> Utilities:65130 Water Expense Water <Unassigned> Miscellaneous Expense Miscellaneous <Unassigned> Other Income Other Income Other Income <Unassigned> Interest Income Other Income Interest Income <Unassigned> Other Expenses Other Expense Other Expenses <Unassigned> Purchase Orders Non-Posting <Unassigned> Estimates Non-Posting <Unassigned> Sales Orders Non-Posting <Unassigned> EXERCISE 2.3 YOUR CHOICE: LIST OF INDUSTRY-SPECIFIC FEATURES Students are to select two sample companies of their choice (other than a sample product-based business or a sample service-based business) and list the different industry-specific features.
11 Chapter 2 Customizing QuickBooks and the Chart of Accounts 2.11 EXERCISE 2.4 SCHEDULE C TAX FORM
12 2.12 Exploring QuickBooks with Rock Castle Construction
13 Chapter 2 Customizing QuickBooks and the Chart of Accounts 2.13 EXERCISE S TAX FORM
14 2.14 Exploring QuickBooks with Rock Castle Construction
15 Chapter 2 Customizing QuickBooks and the Chart of Accounts 2.15
16 2.16 Exploring QuickBooks with Rock Castle Construction
17 Chapter 2 Customizing QuickBooks and the Chart of Accounts 2.17 PROJECT 2 CHART OF ACCOUNTS (ACCOUNT LISTING) Account Type Balance Total Description Accnt. # Tax Line Barter Account Bank 0.00 Business to Business Barter <Unassigned> Cash Expenditures Bank Wash acct for cash expenses <Unassigned> Checking Bank 99, Great Statewide Bank <Unassigned> Savings Bank 5, Great Statewide Bank <Unassigned> 1200 Accounts Receivable Accounts Receivable 35, <Unassigned> Employee advances Other Current Asset <Unassigned> Prepaid Insurance Other Current Asset <Unassigned> 1300 Inventory Asset Other Current Asset 6, <Unassigned> 1400 Undeposited Funds Other Current Asset <Unassigned> 1500 Truck Fixed Asset 12, <Unassigned> 1500 Truck:1510 Original Purchase Fixed Asset 13, Purchase Price of Asset 1510 <Unassigned> 1500 Truck:1520 Accumulated Depreciation Fixed Asset -1, <Unassigned> 2000 Accounts Payable Accounts Payable 2, <Unassigned> QuickBooks Credit Card Credit Card Platinum MasterCard <Unassigned> QuickBooks Credit Card:QBCC Field Office Credit Card QBCC for Field Office Manager <Unassigned> QuickBooks Credit Card:QBCC Home Office Credit Card QBCC for Management Office <Unassigned> QuickBooks Credit Card:QBCC Sales Dept Credit Card 0.00 QBCC for Sales Office <Unassigned> 2100 CalOil Card Credit Card 1, <Unassigned> Payments on Account Other Current Liability -1, Deposits rec'd from customers <Unassigned> 2102 Payroll Liabilities Other Current Liability 5, <Unassigned> 2111 Direct Deposit Liabilities Other Current Liability <Unassigned> 2300 Sales Tax Payable Other Current Liability 2, <Unassigned> Bank of Anycity Loan Long Term Liability 19, <Unassigned> Equipment Loan Long Term Liability 3, <Unassigned> 2400 Bank Loan Long Term Liability 5, Recapitalization Loan 2400 <Unassigned> 3000 Owner's Equity Equity -5, <Unassigned> 3000 Owner's Equity:3010 Owner's Draw Equity -5, <Unassigned> 3000 Owner's Equity:3020 Owner's Contributions Equity <Unassigned> 3100 Retained Earnings Equity 3100 <Unassigned> 3200 Opening Bal Equity Equity 151, <Unassigned> Retail Sales Income <Unassigned> Service Income <Unassigned> 4100 Landscaping Services Income 4100 Schedule C: Gross receipts or sales 4100 Landscaping Services:4000 Design Services Income 4000 Schedule C: Gross receipts or sales 4100 Landscaping Services:4110 Job Materials Income 4110 Schedule C: Gross receipts or sales 4100 Landscaping Services:4110 Job Materials:Misc Materials Income <Unassigned> 4100 Landscaping Services:4110 Job Materials:4111 Decks Income & Patios 4111 Schedule C: Gross receipts or sales 4100 Landscaping Services:4110 Job Materials:4112 Fountains Income& Garden Lighting 4112 Schedule C: Gross receipts or sales 4100 Landscaping Services:4110 Job Materials:4113 Plants Income and Sod 4113 Schedule C: Gross receipts or sales 4100 Landscaping Services:4110 Job Materials:4114 Sprinklers Income& Drip systems 4114 Schedule C: Gross receipts or sales 4100 Landscaping Services:4120 Labor Income 4120 Schedule C: Gross receipts or sales 4100 Landscaping Services:4120 Labor:4121 InstallationIncome 4121 Schedule C: Gross receipts or sales 4100 Landscaping Services:4120 Labor:4122 Maintenance Income & Repairs 4122 Schedule C: Gross receipts or sales 4100 Landscaping Services:4130 Equipment Rental Income 4130 Schedule C: Gross receipts or sales 4200 Discounts Income 4200 Schedule C: Gross receipts or sales 4300 Other Income Income 4300 Schedule C: Other business income 4400 Markup Income Income 4400 Schedule C: Gross receipts or sales 4999 Uncategorized Income Income 4999 Schedule C: Other business income 5000 Cost of Goods Sold Cost of Goods Sold 5000 Schedule C: Materials/supplies, COGS 6000 Advertising Expense 6000 Schedule C: Advertising 6100 Amortization Expense Expense 6100 <Unassigned> 6200 Automobile Expense 6200 Schedule C: Car and truck expenses 6200 Automobile:Insurance Expense <Unassigned> 6200 Automobile:License & Fees Expense <Unassigned> 6200 Automobile:6210 Fuel Expense 6210 Schedule C: Car and truck expenses 6200 Automobile:6220 Maintenance & Repairs Expense 6220 Schedule C: Car and truck expenses 6300 Bad Debt Expense 6300 Schedule C: Bad debts from sales/services 6400 Bank Service Charges Expense 6400 Schedule C: Interest expense, other 6500 Bond Expense Expense 6500 Schedule C: Interest expense, other 6561 Payroll Expenses Expense 6561 <Unassigned> 6600 Delivery Fee Expense 6600 Schedule C: Other business expenses 6700 Depreciation Expense 6700 Schedule C: Depletion 6700 Depreciation:6710 Section 179 Expense 6710 Schedule C: Other business expenses 6800 Dues and Subscription Expense 6800 Schedule C: Legal and professional fees 6900 Insurance Expense 6900 Schedule C: Insurance, other than health 6900 Insurance:6910 Disability Expense 6910 Schedule C: Insurance, other than health 6900 Insurance:6920 Liability Expense 6920 Schedule C: Insurance, other than health 6900 Insurance:6930 Worker's Comp Expense 6930 Schedule C: Insurance, other than health 6999 Uncategorized Expenses Expense 6999 <Unassigned> 7000 Interest Expense Expense 7000 Schedule C: Interest expense, other 7000 Interest Expense:7010 Finance Charges Expense 7010 Schedule C: Interest expense, other 7000 Interest Expense:7020 Interest on Loan Expense 7020 Schedule C: Interest expense, other 7100 Job Expenses Expense 7100 Schedule C: Other costs, COGS 7100 Job Expenses:7110 Job Materials Expense 7110 Schedule C: Materials/supplies, COGS 7100 Job Expenses:7110 Job Materials:7111 Decks & Patio Expense 7111 Schedule C: Materials/supplies, COGS
18 2.18 Exploring QuickBooks with Rock Castle Construction Account Type Balance Total Description Accnt. # Tax Line 7100 Job Expenses:7110 Job Materials:7112 Fountains & Expense Garden Lighting 7112 Schedule C: Materials/supplies, COGS 7100 Job Expenses:7110 Job Materials:7113 Plants & Sod Expense 7113 Schedule C: Materials/supplies, COGS 7100 Job Expenses:7110 Job Materials:7114 Sprinkler's Expense & Drip Systems 7114 Schedule C: Materials/supplies, COGS 7100 Job Expenses:7120 Equipmental Rental Expense 7120 Schedule C: Rent/lease vehicles, equip Job Expenses:7130 Permits Expense 7130 Schedule C: Other costs, COGS 7100 Job Expenses:7140 Subcontractors Expense 7140 Schedule C: Labor, cost of goods 7200 Miscellaneous Expense 7200 Schedule C: Other business expenses 7250 Mileage Reimbursement Expense 7250 Schedule C: Car and truck expenses 7300 Office Supplies Expense 7300 Schedule C: Office expenses 7310 Supplies Expense 7310 Schedule C: Supplies (not from COGS) 7320 Computer Supplies Expense 7320 Schedule C: Supplies (not from COGS) 7400 Professional Fees Expense 7400 Schedule C: Legal and professional fees 7400 Professional Fees:7410 Accounting Expense 7410 Schedule C: Legal and professional fees 7400 Professional Fees:7420 Legal Expense 7420 Schedule C: Legal and professional fees 7400 Professional Fees:7430 Professional Design Fees Expense 7430 Schedule C: Legal and professional fees 7500 Rent Expense 7500 Schedule C: Rent/lease other bus. prop Repairs Expense 7550 Schedule C: Repairs and maintenance 7550 Repairs:7551 Building Repairs Expense 7551 Schedule C: Repairs and maintenance 7550 Repairs:7552 Computer Repairs Expense 7552 Schedule C: Repairs and maintenance 7550 Repairs:7553 Equipment Repairs Expense 7553 Schedule C: Repairs and maintenance 7600 Taxes Expense 7600 Schedule C: Taxes and licenses 7600 Taxes:7610 Federal Expense 7610 Schedule C: Taxes and licenses 7600 Taxes:7620 Property Expense 7620 Schedule C: Taxes and licenses 7600 Taxes:7630 State Expense 7630 Schedule C: Taxes and licenses 7700 Tools and Misc. Equipment Expense 7700 Schedule C: Other business expenses 7750 Utilities Expense 7750 Schedule C: Utilities 7750 Utilities:7751 Gas and Electric Expense 7751 Schedule C: Utilities 7750 Utilities:7752 Water Expense 7752 Schedule C: Utilities 7750 Utilities:7753 Telephone Expense 7753 Schedule C: Office expenses 7750 Utilities:7754 Internet Provider Expense 7754 Schedule C: Office expenses Misc Income Other Income <Unassigned> 8000 Interest Income Other Income 8000 Schedule C: Other business income 9000 Other Expenses Other Expense 9000 Schedule C: Other business expenses Purchase Orders Non-Posting <Unassigned> 5 Sales Orders Non-Posting 5 <Unassigned>
19 Chapter 2 Customizing QuickBooks and the Chart of Accounts 2.19 PROJECT 2 STATEMENT OF CASH FLOWS Oct '16 - Sep 17 OPERATING ACTIVITIES Net Income -83, Adjustments to reconcile Net Income to net cash provided by operations: 1200 Accounts Receivable -3, Prepaid Insurance Inventory Asset -3, Accounts Payable -2, CalOil Card 1, Payments on Account -1, Payroll Liabilities 4, Sales Tax Payable 1, Net cash provided by Operating Activities -88, INVESTING ACTIVITIES 1500 Truck:1520 Accumulated Depreciation Net cash provided by Investing Activities FINANCING ACTIVITIES Bank of Anycity Loan 20, Equipment Loan 4, Bank Loan -7, Retained Earnings 43, Opening Bal Equity -67, Net cash provided by Financing Activities -5, Net cash increase for period -93, Cash at beginning of period 220, Cash at end of period 126,905.97
Account Numbering. By separating each account by several numbers, many new accounts can be added between any two while maintaining the logical order.
Chart of Accounts The chart of accounts is a listing of all the accounts in the general ledger, each account accompanied by a reference number. To set up a chart of accounts, one first needs to define
Business Start Up Basics III
Business Start Up Basics III Intro to Accounting Presented by: Suzie Dills SBDC Business Consultant Agenda Key Objectives of the Course Brief History & Definition of Accounting General Ledger Double Entry
S Corporation Tax Organizer
S Corporation Tax Organizer CLIENT INFORMATION S Corporation Name: Email: Date of Incorporation: EIN#: Best Phone#: Corporate Address: Tax Period City: State: ZIP Code: What date was the corporation first
Partnership/LLC/Sole Proprietorship Organizer
Partnership/LLC/Sole Proprietorship Organizer Please circle whether your business entity is a Partnership, LLC, or Sole Proprietorship Partnership/LLC/: Sole Proprietorship EIN # Name Date Formed Address:
out Chart of Accounts. for the MPC
Chart of Accounts for the MPC A Chart of Accounts is a listing of all the accounts in the General Ledger. It represents the organization of the business s financial records. Each account functions like
How To Use Quickbooks
Course Handouts Course Handouts Using the course handouts In this section, you ll find copies of handouts for referenced course. The handouts are available for download in Portable Document Format (PDF)
Self Employed & Single Member LLC Tax Organizer
Self Employed & Single Member LLC Tax Organizer CLIENT INFORMATION Business Name (DBA): Email: Date of Formation: EIN#: Best Phone#: Business Address: Tax Period City: State: ZIP Code: What date was the
A contractor s chart of accounts is the heart of the accounting system. Of particular importance is the cost of sales section (beginning in the 41000
CHART OF ACCOUNTS A contractor s chart of accounts is the heart of the accounting system. Of particular importance is the cost of sales section (beginning in the 41000 series and ending in 43000). This
Financial Plan. A) Estimated One-Time Financial Requirements. Part One
Financial Plan The Financial Plan is perhaps one of the most important components of your Business Plan (see Business Plan Handout). Not only is it essential if you are seeking external financing it is
S-Corporation Tax Organizer Form 1120-S
S-Corporation Tax Organizer Form 1120-S This organizer is provided to help you gather and organize information that will be needed in the preparation of your S-Corporation tax returns. If you are a first
How To Balance Sheet
Page 1 of 6 Balance Sheet Accounts The Chart of Accounts is normally arranged or grouped by the Major Types of Accounts. The Balance Sheet Accounts (Assets, Liabilities, & Equity) are presented first,
Partnership & LLC s Tax Organizer Form 1065
Partnership & LLC s Tax Organizer Form 1065 This organizer is provided to help you gather and organize information that will be needed in the preparation of your partnership tax returns. If you are a first
Assumptions Worksheet
Cash Budget, Page 1 Exhibit IV Cash Budget Assumptions Worksheet Name of Business: Preparer: Date: Use these guidelines in preparing your assumptions: Minimum Cash Balance 1. The amount of cash required
Using other accounts in QuickBooks
LESSON 5 Using other accounts in QuickBooks 5 Lesson objectives, 136 Supporting materials, 136 Instructor preparation, 136 To start this lesson, 136 Other account types in QuickBooks, 137 Tracking credit
ACCOUNTING 105 CONCEPTS REVIEW
ACCOUNTING 105 CONCEPTS REVIEW A note from the tutors: This handout is designed to help you review important information as you study for your cumulative final exam. While it does cover many important
Chart of Accounts. Chart of Accounts
Chart of Accounts A company s Chart of Accounts is a list of all Asset, Liability, Equity, Revenue, and Expense accounts included in the company s General Ledger. The number of accounts included in the
Q U IC KBOOKS 201 4 ST UDENT G UIDE. Lesson 5 Using Other Accounts in QuickBooks
Q U IC KBOOKS 201 4 ST UDENT G UIDE Lesson 5 Using Other Accounts in QuickBooks TABLE OF CONTENTS Lesson Objectives... 5-2 Other Account Types in QuickBooks... 5-3 Entering Credit Card Charges... 5-4 Reconciling
PART A: TRUE/FALSE (1 point each):
CHABOT COLLEGE General Accounting (BUS-7) Dmitriy Kalyagin PART A: TRUE/FALSE (1 point each): EXAM #4 (Chapters 10, 12, 13) 1. Employees who are exempt from the FLSA are entitled for overtime pay for hours
STATE OF FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION. BALANCE SHEET As of
STATE OF FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION BALANCE SHEET As of ASSETS CURRENT ASSETS Cash and Cash Equivalents Cash - Restricted Accounts Receivable - Trade Accounts Receivable
UNITED STATES BANKRUPTCY COURT NORTHERN & EASTERN DISTRICTS OF TEXAS REGION 6 MONTHLY OPERATING REPORT
ACCRUAL BASIS JUDGE: UNITED STATES BANKRUPTCY COURT NORTHERN & EASTERN DISTRICTS OF TEXAS REGION 6 MONTHLY OPERATING REPORT MONTH ENDING: MONTH YEAR IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED
General Ledger Account Explanations
General Ledger Account Explanations 1040 Exchange - This account is used as a holding For example: when having to make a manual debit & credit to two accounts to offset each other, this account is used.
Performance Review. Sample Company
Performance Review Sample Company For the period ended 12/31/2017 Provided By Page 1 / 18 This report is designed to assist you in your business' development. Below you will find your overall ranking,
PERSONAL FINANCIAL STATEMENT
PERSONAL FINANCIAL STATEMENT As of, 20 BUSINESS PLAN GUIDELINES Name: Residence Phone: Residence Address: City, State, Zip Code: Social Security Number: PERSONAL ASSETS PERSONAL LIABILITIES Cash in Bank
Transforming Financial Statements into Management Tools
Accounting Basics for Contractors: Transforming Financial Statements into Management Tools March 2, 2010 John Garofalo General Partner, John N. Garofalo & Associates garofalojohn@yahoo.com; 713-857-9701
NCEA Level 2 Accounting (91176) 2012 page 1 of 8. Sales 990 000 P. Cost of goods sold 586 000 P. Gross profit 404 000 S* Rent (received) 24 000 V
Assessment Schedule 2012 NCEA Level 2 Accounting (91176) 2012 page 1 of 8 Accounting: Prepare financial information for an entity that operates accounting subsystems (91176) Evidence Statement Question
USING QUICKBOOKS TO RECORD RESTRICTED TRANSACTIONS
USING QUICKBOOKS TO RECORD RESTRICTED TRANSACTIONS Recording Pledges Pledges are unconditional promises that a donor gives to your organization, which could include a promise for money over a period of
Chapter 2: Debits and Credits. 2012 Educating Bookkeepers for Business, Inc.
Chapter 2: Debits and Credits Think through and record transactions (write sentences) using T-accounts and journal entries. Debits and Credits Every transaction (sentence in the story of what happened
The Statement of Cash Flows Direct Method
23 The Statement of Cash Flows Direct Method DEMONSTRATION PROBLEM The financial statements of Bolero Corporation follow. Copyright Houghton Mifflin Company. All rights reserved. 1 Bolero Corporation Income
Chart of Accounts for JD Edwards EnterpriseOne (Oracle Business Accelerators North America) An Oracle White Paper January 2008
Chart of Accounts for JD Edwards EnterpriseOne (Oracle Business Accelerators North America) An Oracle White Paper January 2008 PURPOSE STATEMENT THIS DOCUMENT PROVIDES AN OVERVIEW OF FEATURES AND ENHANCEMENTS
Financial Projections Guide. Simple Steps for Starting Your Business
Financial Projections Guide Simple Steps for Starting Your Business This guide was created to accompany the SCORE Financial Projections Template, which is part of the Simple Steps for Starting Your Business
COMPONENTS OF THE STATEMENT OF CASH FLOWS
ILLUSTRATION 24-1 OPERATING, INVESTING, AND FINANCING ACTIVITIES COMPONENTS OF THE STATEMENT OF CASH FLOWS CASH FLOWS FROM OPERATING ACTIVITIES + Sales and Service Revenue Received Cost of Sales Paid Selling
How to Prepare a Cash Flow Forecast
The Orangeville & Area Small Business Enterprise Centre (SBEC) 87 Broadway, Orangeville ON L9W 1K1 519-941-0440 Ext. 2286 or 2291 sbec@orangeville.ca www.orangevillebusiness.ca Supported by its Partners:
Setting up your Chart of Accounts
FARM FUNDS WORKSHEETS Setting up your Chart of Accounts Supplies Supplies are any inputs that will be used on a field, group of livestock, or equipment. Setting up a supply will set up the related expense
Financial Statement Preparation Webinar. Presented by Nick Chapman VEI Program Coordinator New York City
Financial Statement Preparation Webinar Presented by Nick Chapman VEI Program Coordinator New York City 122 Amsterdam Ave. New York, NY 10023 Phone: 212-769-2710 www.veinternational.org Objectives: Review
Tax Return Questionnaire - 2015 Tax Year
SPECTRUM Spectrum Financial Resources LLP FINANCIAL 15021 Ventura Boulevard #341 310.963.4322 T RESOURCES Sherman Oaks, CA 91403 303.942.4322 F www.spectrum-cpa.com Tax Return Questionnaire - 2015 Tax
Tax Return Questionnaire - 2013 Tax Year
Print this form out, take some time to fill it out, and bring it with you when you come to the office. This will save you time and money, and help us help you more effectively. Tax Return Questionnaire
3. If you received any interest from a "Seller Financed" mortgage, provide: Name and Address of Payer Social Security Number Amount
Print this form out, take some time to fill it out, and bring it with you when you come to the office. This will save you time and money, and help us help you more effectively. Tax Return Questionnaire
Cash Flow Forecasting & Break-Even Analysis
Cash Flow Forecasting & Break-Even Analysis 1. Cash Flow Cash Flow Projections What is cash flow? Cash flow is an estimate of the timing of when the cash associated with sales will be received and when
Basic Business Plan Outline
Basic Business Plan Outline A business plan needs to be a well thought out, honest, appraisal of the business and opportunity. This outline is meant to be used for your road map. It should be a living
The Elysian Fields Guide to Your CHART ACCOUNTS* *How to find your money and organize your books. Chart of Accounts Guide Elysian Fields 2015 1
The Elysian Fields Guide to Your CHART OF ACCOUNTS* *How to find your money and organize your books. Chart of Accounts Guide Elysian Fields 2015 1 INTRODUCTION Think of the Chart of Accounts as the Dewey
PROFIT & LOSS BEFORE. INCOME Fleet Income 10 cars $ 75,000 Recommended tip $ 15,000 TOTAL. $ 90,000 PERSONNEL Gross Admin/accounting salaries $ 16,200
PROFIT & LOSS BEFORE INCOME Fleet Income 10 cars $ 75,000 Recommended tip $ 15,000 TOTAL $ 90,000 PERSONNEL Gross Admin/accounting salaries $ 16,200 Payroll taxes benefits processing $ 3,000 CHAUFFEURS
QuickBooks. Reports List 2013. Enterprise Solutions 14.0
QuickBooks Reports List 2013 Enterprise Solutions 14.0 Table of Contents Complete List of Reports... 5 Company & Financial Reports... 6 Profit & Loss... 6 Income & Expenses... 7 Balance Sheet & Net Worth...
Check One: Single Married Filing Joint Surviving Widow/Widower Married Filing Separately (enter spouse s name/ss No. Above) Dependents Name
Felix Guillot, EA, ABA, ATA Kendyl Guillot, ABA E-Tax, LLC 318-445-5564 etaxla.com tax@etaxla.com Tax Organizer Tax Year 2014 Name: Taxpayer SS No. Birthdate/ Spouse SS No. Birthdate/ Address: Telephone
FLORIDA RETAIL NURSERY AND GARDEN CENTER BUSINESS ANALYSIS PROGRAM
Proc. Fla. State Hort. Soc. : 208-23. 78. FLORIDA RETAIL NURSERY AND GARDEN CENTER BUSINESS ANALYSIS PROGRAM J. Robert Strain and Karl W. Kepner IF AS Food and Resource Economics Department, University
Bookkeeping Quiz = + For each account listed below, indicate whether it normally has a debit or a credit balance: III.
ookkeeping Quiz I. Match the account titles with the appropriate financial statement classification: A Current Assets Sales Property, Plant and Equipment Cash in Checking C Other Assets Accumulated Depreciation
Financial Statement Consolidation
Financial Statement Consolidation We will consolidate the previously completed worksheets in this financial plan. In order to complete this section of the plan, you must have already completed all of the
United States Bankruptcy Court - Northern District of Alabama BUSINESS DEBTOR S AFFIRMATIONS
CHAPTER 11 OPERATING ORDER FORM 04/00 BUSINESS BA-01 Operating reports are to be filed monthly, in duplicate, with the Bankruptcy Clerk s Office by the 15 th of each month BUSINESS DEBTOR S AFFIRMATIONS
Financial Statements Tutorial
Financial Statement Review: Financial Statements Tutorial There are four major financial statements used to communicate information to external users (creditors, investors, suppliers, etc.) - 1. Balance
ACCOUNTING TRANSACTIONS
ln following you will gain a better understanding accounting how different transactions are processed in the accounting system. There are a number of unique transactions that take place in construction
Financial Statements for Manufacturing Businesses
Management Accounting 31 Financial Statements for Manufacturing Businesses Importance of Financial Statements Accounting plays a critical role in decision-making. Accounting provides the financial framework
Report Description. Business Counts. Top 10 States (by Business Counts) Page 1 of 16
5-Year County-Level Financial Profile Industry Report Architectural Services (SIC Code: 8712) in Prince George County, Maryland Sales Range: $500,000 - $999,999 Date: 11/07/08 Report Description This 5-Year
Instructions for E-PLAN Financial Planning Template
Instructions for E-PLAN Financial Planning Template The EPLAN template will assist you in preparing financial projections for your existing business. The template uses Microsoft Excel to prepare your projected
Worksheet GL Beginning Balances and Chart of Accounts Setup
ASSETS Enter credit balances preceded by a minus (-) sign in this column. 11110000 Petty Cash 11120000 Premium Trust Account 11130000 Operating Account 1 11140000 Operating Account 2 11150000 Interbank
QuickBooks 2009 Student Guide. Using Other Accounts in QuickBooks
QuickBooks 2009 Student Guide Using Other Accounts in QuickBooks 1 Objectives To introduce the other account types available in QuickBooks To learn how to track credit card transactions in QuickBooks To
General Motors Dealer s Standard Accounting System Manual
General Motors Dealer s Standard Accounting System Manual 2013 General Motors Corporation This manual cannot be reproduced in whole or in part without the expressed written permission of General Motors
U.S. Income Tax Return for an S Corporation
Form 1120S U.S. Income Tax Return for an S Corporation Do not file this form unless the corporation has filed or is attaching Form 2553 to elect to be an S corporation. Information about Form 1120S and
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013 CHAPTER 10
COMPUTER ACCOUNTING WITH QUICKBOOKS 2013 CHAPTER 10 Donna Kay Copyright 2014 by The McGraw-Hill Companies, Inc. All rights reserved 10-2 CHAPTER 10 OVERVIEW Setup a New Company Customize Chart of Accounts
Page 1 OLSON CPAs, PLLC CERTIFIED PUBLIC ACCOUNTANTS 2015 INCOME TAX ORGANIZER ********************************************************
Page 1 OLSON CPAs, PLLC CERTIFIED PUBLIC ACCOUNTANTS 2015 INCOME TAX ORGANIZER ******************************************************** Client Name: E-mail: Telephone: Day Evening NOTES: If we DID NOT
Corporation, LLC & Partnership Organizer
\ Corporation, LLC & Partnership Organizer Welcome to the Corporate Organizer for tax this year tax year. 2010. 2011. Please make sure this Organizer is complete and all requested material is provided.
BACKGROUND KNOWLEDGE for Teachers and Students
Pathway: Business, Marketing, and Computer Education Lesson: BMM C6 4: Financial Statements and Reports Common Core State Standards for Mathematics: N.Q.2 Domain: Quantities Cluster: Reason quantitatively
Sample Test for entrance into Acct 3110 and Acct 3310
Sample Test for entrance into Acct 3110 and Acct 3310 1. Which of the following financial statements could properly have the following in the date line: For the Year Ended December 31, 2010"? a. Balance
Assessment Schedule 2013 Accounting: Prepare financial information for an entity that operates accounting subsystems (91176)
NCEA Level 2 Accounting (91176) 2013 Page 1 of 7 Assessment Schedule 2013 Accounting: Prepare financial information for an entity that operates accounting subsystems (91176) Evidence Part A Question One
Chapter 1. Introduction to Accounting and Business
1 Chapter 1 Introduction to Accounting and Business Learning Objective 1 Describe the nature of a business, the role of accounting, and ethics in business. Nature of Business and Accounting A business
Glossary of Accounting Terms Peter Baskerville
Glossary of Accounting Terms Peter Baskerville Account for or 'bring to account': An accounting phrase used to describe the recording of a financial transaction that is required under the generally accepted
State of Idaho - Public Works Contractor Licensing MULTI-PURPOSE BALANCE SHEET (For Class D and C Licenses Only)
State of Idaho - Public Works Contractor Licensing MULTI-PURPOSE SHEET (For Class D and C Licenses Only) Instructions: Complete only the sections that pertain to your company structure. Do not include
Intuit QuickBooks Enterprise Solutions 10.0 Complete List of Reports
Intuit QuickBooks Enterprise Solutions 10.0 Complete List of Reports Intuit QuickBooks Enterprise Solutions, for growing businesses, is the most powerful QuickBooks product. It has the capabilities and
Accounting for a Merchandising Business
Chapter 11 Accounting for a Merchandising Business ANSWERS TO SECTION 11.1 REVIEW QUESTIONS (text p. 428) The Merchandising Business 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 1. 2. 3. 4. 14. 15. Copyright
Bookkeeping Proficiency
Bookkeeping Proficiency (Exam) Your AccountingCoach PRO membership includes lifetime access to all of our materials. Take a quick tour by visiting www.accountingcoach.com/quicktour. Table of Contents (click
BROKER FINANCIAL STATEMENTS
The City of New York BUSINESS INTEGRITY COMMISSION 100 Church Street 20th Floor New York New York 10007 Tel. (212) 676-6219 Fax (212) 676-6227 BROKER FINANCIAL STATEMENTS 2014 REGISTRANT NAME REGISTRATION
Chart of Accounts - Sole Trader
Chart of Accounts - Sole Trader The basic road map into any accounting system is the chart of accounts. It is this chart that helps establish the information that will be captured by your accounting system,
1420 n. CLAREMONT BLVD., SUITE 101-B TEL (909) 398-4737 CLAREMONT, CALIFORNIA 91711 FAX (909) 398-4733
1420 n. CLAREMONT BLVD., SUITE 101-B TEL (909) 398-4737 CLAREMONT, CALIFORNIA 91711 FAX (909) 398-4733 www.nicholscpas.com Email: info@nicholscpas.com January 12, 2015 RE: 2014 Tax Returns It is hard to
Matheson Associates, LLC 110 S. Jefferson Road Whippany, NJ 07981 973 428 8885
1 R Matheson Associates, LLC 110 S. Jefferson Road Whippany, NJ 07981 973 428 8885 Business Owner's Compliance Checklist Set-up accounting procedures and system for income and expense tracking for tax
Tax Return Questionnaire - 2014 Tax Year
Print this form out, take some time to fill it out, and bring it with you when you come to the office. This will save you time and money, and help us help you more effectively. Tax Return Questionnaire
We now examine the documents and procedures used to perform each step. Step 1: Capture Transaction Data on Source Documents
Journals and Ledgers TRANSACTION PROCESSING: DOCUMENTS AND PROCEDURES IN A MANUAL AIS One basic function of the AIS is the efficient and effective processing of data about a company s transactions. Transaction
GROUP 1. BASIC FINANCING. 10. CAPITAL 100. Capital stock 103. Uncalled subscribed capital receivable 108. Treasury stock
GROUP 1. BASIC FINANCING 10. CAPITAL 100. Capital stock 103. Uncalled subscribed capital receivable 108. Treasury stock 11. RESERVES AND OTHER EQUITY INSTRUMENTS 110. Additional paid-in capital 111. Other
Vol. 1, Chapter 3 - Accounting Adjustments
Vol. 1, Chapter 3 - Accounting Adjustments Problem 1 1. ($20,000 2,000) 48 = $375 per month 2. Jan. 31 Depreciation Expense $375 Accumulated Depreciation Van $375 To record depreciation expense for January
2-8. Identify whether each of the following items increases or decreases cash flow:
Problems 2-8. Identify whether each of the following items increases or decreases cash flow: Increase in accounts receivable Increase in notes payable Depreciation expense Increase in investments Decrease
How To Read The Financial Results Of 20Xx And 200X
Name SAMPLE Financial Statements December 31, 20XX CPA Accounting Firm Name Table of Contents Page Accountant s Review Report 1 Financial Statements Balance Sheet 2 Income Statement 3 Schedule of General
Understanding Financial Statements: What do they say about your business?
Understanding Financial Statements: What do they say about your business? This workbook is not designed to be your only guide to understanding financial statements. A much wider range of resources is available
CONSTRUCTION ACCOUNTING SYSTEMS
In following you will be introduced to the structure of construction financial statements,including the different ledgers used by construction accounting systems. You will also learn the difference between
Cash in bank checking account $22,500 U.S. treasury bills 5,000 Cash on hand 1,350 Undeposited customer checks 1,840 Total $30,690 Requirement 2
Chapter 7 Solutions EXERCISES Exercise 7 2 Cash and cash equivalents includes: Cash in bank checking account $22,500 U.S. treasury bills 5,000 Cash on hand 1,350 Undeposited customer checks 1,840 Total
Vol. 1, Chapter 7 The Statement of Cash Flows
Vol. 1, Chapter 7 The Statement of Cash Flows Problem 1: Solution Transaction # Identification 1 Operating 2 Investing 3 Noncash transaction 4 Financing 5 Noncash transaction 6 Operating 7 Investing 8
Assets. Dealership Chart of Accounts Manual. Page Publications June, 2002, All Rights Reserved.
Assets Dealership Chart of Accounts Manual. Page Publications June, 2002, All Rights Reserved. Asset Accounts. This chapter should provide the NIADA dealer, office manager, internal auditor and outside
Export Business Plan Guide
Export Business Plan Guide Table of Contents Introduction... 4 SECTION 01: CURRENT SITUATION ANALYSIS... 5 Company Overview... 5 Availability of Resources... 6 SWOT Analysis... 9 SECTION 02: MARKET ANALYSIS...
5. Provisions for decrease in value of marketable securities (-)
Balance sheet ASSETS I. CURRENT ASSETS A. Liquid Assets: 1. Cash. 2. Cheques received. 3. Banks. 4. Cheques given and payment orders (-). 5. Other liquid assets. B. Marketable Securities: 1. Share certificates.
ACCOUNTING COMPETENCY EXAM SAMPLE EXAM. 2. The financial statement or statements that pertain to a stated period of time is (are) the:
ACCOUNTING COMPETENCY EXAM SAMPLE EXAM 1. The accounting process does not include: a. interpreting d. observing b. reporting e. classifying c. purchasing 2. The financial statement or statements that pertain
BALANCE SHEET CHART OF ACCOUNTS FOR TRADING PARTICIPANTS
CHART OF ACCOUNTS FOR TRADING PARTICIPANTS ASSETS 1000000-1999999 1 1 0 0 0 0 0 Current Assets 1 1 0 1 0 0 0 Cash and Cash Equivalents 1 1 0 1 1 0 0 Cash on Hand 1 1 0 1 1 1 0 Petty Cash Fund 1 1 0 1 1
CONTENTS. Kevin O Riordan 2000 ISBN 1841 31 3750. Folens Publishers, Hibernian Industrial Estate, Greenhills Road. Tallaght, Dublin 24.
CONTENTS Chapter 2: Double-Entry Book-keeping and the Trial Balance... 1 Chapter 3: Profit Measurement and Balance Sheet Preparation... 5 Chapter 4: Value Added Tax and Statutory Deductions... 8 Chapter
CHAPTER 3 ACCOUNTING AND BOOKKEEPING
CHAPTER 3 ACCOUNTING AND BOOKKEEPING Most operators of a new and growing business have a flair for the environment in which the business operates. They may be a great salesperson, an outstanding mechanic,
Too often business owners do a cash flow in their head. Putting the information down on paper will give you the following:
CASH FLOW A cash flow is a forecast of when you expect to receive cash from your sales and when you expect to pay your bills. It is not and should not be confused with a pro-forma income statement. A cash
NAHB Chart of Accounts
1000 1990 Assets 1000 1090 Cash 1010 Petty cash All of a company s petty cash accounts, whether maintained in office or by construction superintendent in the field 1020 Cash on deposit, general Demand
Equity. Types of Equity Accounts. Business Types and Equity Accounts
Equity Equity, also known as capital or net worth, is the amount owners have invested in a business. In the equity section of your chart of accounts, you must do three things: show the initial investment
FULLER LANDAU LLP. Tax Return Questionnaire - 2014 Tax Year. Name and Address: Social Security Occupation Number:
FULLER LANDAU LLP Print this form out, take some time to fill it out, and bring it with you when you come to the office. This will save you time and money, and help us help you more effectively. Tax Return
Chart of Accounts 8/16/2005
Chart of s 1050. Primary Checking Bank 1200. *s Receivable s Receivable 1010. Petty Cash Other Current Asset 1020. Cash Drawer Other Current Asset 1300. s Receivable Other Current Asset 1350. Undeposited
Summary of Financial Report for the FY ending March 2015 (Non-Consolidated)
Summary of Financial Report for the FY ending March 2015 (Non-Consolidated) April 30, 2015 Listed Company Name: Japan Tissue Engineering Co., Ltd. Listed Securities Exchange: JQ Stock Code: 7774 URL http://www.jpte.co.jp
FINANCIAL MANAGEMENT
100 Arbor Drive, Suite 108 Christiansburg, VA 24073 Voice: 540-381-9333 FAX: 540-381-8319 www.becpas.com Providing Professional Business Advisory & Consulting Services Douglas L. Johnston, II djohnston@becpas.com
Understanding Basic Financial Statements
Understanding Basic Financial Statements During the accounting cycle, the accounting system is used to track, organize and record the financial transactions of an organization. At the close of each period,
BUSINESS FINANCIAL STATEMENT. Limited Liability Company Partnership Corporation Other. Statement of Financial Condition as of, 20 for the period, to,
BUSINESS FINANCIAL STATEMENT Name of Business Applicant Prepared By Title (Position) Limited Liability Company Partnership Corporation Other Statement of Financial Condition as of, 20 for the period, to,
UNIVERSITY EXAMINATIONS COURSE TITLE: FINANCIAL ACCOUNTING DATE: 19/08/2010
KABARAK UNIVERSITY UNIVERSITY EXAMINATIONS /2010 ACADEMIC YEAR FOR THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION COURSE CODE: ACCT 510 COURSE TITLE: FINANCIAL ACCOUNTING STREAM: DAY: TIME: MBA THURSDAY