copyright © 2009 cengage learning 2008 glenn owen chapter two preparing a balance sheet using...
TRANSCRIPT
COPYRIGHT © 2009 Cengage Learning
2008
Glenn Owen
Chapter Two
Preparing a Balance Sheet
Using QuickBooks
Using QuickBooks Pro for Accounting 2008Glenn Owen
Using QuickBooks Pro 2008 for Accounting 2
Chapter TwoThe Balance Sheet
Reports the assets, liabilities, and owners’ equity of a company at a specific point in time
Owners’ Equity = Equity Year-to-Date Net Income included in
Equity Total Assets = Total Liabilities & Equity
Using QuickBooks Pro 2008 for Accounting 3
Chapter TwoPreset Balance Sheets
Standard Comparative Summary Itemized
1. Click Reports
2. Click Company & Financial
3. Select the Preset Balance Sheet
Using QuickBooks Pro 2008 for Accounting 4
Chapter TwoTypes of Accounts Receivable Transactions by Account Report
Invoice: represents the billing of a customer
Payment: receipt of payment on account from that customer
Using QuickBooks Pro 2008 for Accounting 5
Chapter TwoQuickZoom
Provides details about a particular account balance
Cursor changes to a magnifying glass with a “Z”
Double click on amount to view the transactions
Chapter TwoModifying Balance Sheet Reports
Using QuickBooks Pro 2008 for Accounting 6
Change report dates Change From/To dates Select accrual or cash basis report Change columns from totals only to
week, month, quarter, etc. Add other columns such as previous
period, previous year, etc.
Using QuickBooks Pro 2008 for Accounting 7
Chapter TwoMemorizing & Saving a Balance Sheet
1. Open the Report Center
2. Click the Memorized Text at the top of the Report Center.
3. Click the Memorized Report button. Then click New Group
4. Key the name of the new group and then click OK
5. Go to the Balance Sheet appearing on the screen
6. Click the Memorize… Button at the top of the report
7. Check the Saved in Memorized Report Group checkbox and select the group name from the drop-down list
8. Click OK
Using QuickBooks Pro 2008 for Accounting 8
Chapter TwoPrinting the Balance Sheet
Follow the same steps to print all reports
1. Click Print
2. Click Zoom In
3. Click Preview
4. Click Print