QuickBooks Go Paperless Projects - New!QB2013myquickbooks.me/myquickbooks.me/QB_2010_Go_Paperless_Online... · QuickBooks Go Paperless Projects ... download the Go Paperless Excel

© Copyright 2011 Soaring Inc. 1

QuickBooks Go Paperless Projects to accompany Computer Accounting With QuickBooks 2010 by Donna Kay

Go paperless with these online projects for Computer Accounting with QuickBooks 2010.

It’s as easy as 1-2-3...

1. Watch the Go Paperless YouTube video at www.quickbooksblog.info.

2. Download the Go Paperless Excel templates for the projects at www.quickbooksblog.info.

3. Complete the QuickBooks projects and export to the Excel templates.

Contents QuickBooks 2010 Online Projects Chapter 1 Project: Exploring QuickBooks

Chapter 2 Project: Customizing QuickBooks

Chapter 3 Project: Banking

Chapter 4 Project: Customers

Chapter 5 Project: Vendors

Chapter 6 Project: Payroll

Chapter 7 Project: Reports

Chapter 8 Project: Service Company Setup

Chapter 9 Project: Entering Service Company Transactions

Chapter 10 Project: Merchandising Company Setup and Transactions

Chapter 11 Project: Merchandising Company Payroll

Chapter 12 Project: Advanced Features for Accountants

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Larry’s Landscaping & Garden Service just hired you as an accounting consultant to maintain their accounting records using QuickBooks financial software. The QuickBooks company file for Larry’s Landscaping has already been created and transactions have been entered.

Your assignment is to complete the following steps to export reports to Excel and then email them to the finance director at Larry’s.

To complete this project, download the Go Paperless Excel template for Chapter 1 Online Project @ www.QuickBooksBlog.info. To ensure your success at going paperless, carefully follow the instructions provided in the Excel template.

1. Restore the Chapter 1 Online Project data file (.QBB file) for Larry’s Landscaping and Garden Service. You can find the data file @ www.QuickBooksBlog.info.

2. Add your name and Chapter 1 to the company name.

3. Using your saved Excel template, export to Excel the Profit & Loss Statement Standard for Larry’s Landscaping for the last fiscal year, October 1, 2012 through September 30, 2013. Highlight the single largest income item.

4. Export to Excel the Profit & Loss Detail Statement for Larry’s Landscaping for the last fiscal year, October 1, 2012 through September 30, 2013. Which produces more income for Larry’s: Fountains & Garden Lighting, Plants, and Sod, or Sprinklers & Drip System? Highlight your answer.

5. Export to Excel the Balance Sheet (Standard) for Larry’s Landscaping for the last fiscal year ending September 2013. Highlight the largest liability on the balance sheet.

6. Export to Excel the Balance Sheet Summary for Larry’s Landscaping for the last fiscal year, ending September 2013. Highlight the largest asset.

Save a .QBB backup of your work. Check off the deliverables on the Excel checklist. Save your Excel file following the instructions in the template. Ask your instructor whether to email your Excel file or upload it to your course dropbox.

Chapter 1Online Project

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To complete this project, download the Excel template for Chapter 2 Online Project (www.QuickBooksBlog.info). Follow instructions provided in the template.

Complete the following for Larry’s Landscaping and Garden Service.

1. Use your QuickBooks company file (.QBW) file that you completed for Chapter 1 Online Project. (If you have issues with your QuickBooks file, contact your instructor for Chapter 2 Online Project data file for Larry’s Landscaping and Garden Service.)


3. Using QuickBooks preferences, customize your QuickBooks color scheme.

4. Using QuickBooks preferences, display account numbers in the chart of accounts.

5. Customize Larry’s chart of accounts as follows:

Account No.

Account Title Account Type Subaccount of: Tax LIne

7310 Supplies Expense N/ASchedule C: Supplies (not from COGS)

7320 Computer Supplies Expense N/ASchedule C: Supplies (not from COGS)

7430Professional Design Fees

Expense 7400 Professional FeesSchedule C: Legal and professional fees

6710 Section 179 Expense 6700 Depreciation Schedule C: Depletion

7754Internet Connection

Expense 7750 Utilities Schedule C: Office Expenses

6. Using your saved Excel template for Chapter 2 Online Project, export the chart of accounts using the Account Listing report for Larry’s Landscaping. Highlight the accounts that you added.

Save your .QBB backup. Check off the deliverables on the Excel checklist. Save your Excel file following the instructions in the template. Ask your instructor whether to email your Excel file or upload it to your course dropbox.

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1. Use your QuickBooks company file (.QBW) file that you completed for Chapter 2 Online Project. (If you have issues with your QuickBooks file, contact your instructor for the Chapter 3 Online Project data file for Larry’s Landscaping and Garden Service.)


3. Make the following deposits for Larry’s Landscaping and Garden Service. Record each deposit separately.

Date From Account Amount Cash/Check No.

12/16/2013 Larry Wadford 3020 Owner’s Contributions

$1,000.00 Check No. 1558

12/16/2013Gussman’s Nursery for Storage Rental Revenue

4300 Other Income $270.00 Cash

12/17/2013Connor Garden Supplies for Storage Rental Revenue

4300 Other Income $580.00 Check No. 2200

12/18/2013Gussman’s Nursery for Storage Rental Revenue

4300 Other Income $360.00 Cash

12/18/2013Bank of AnyCity for Interest Revenue

4300 Other Income $127.00 Check No. 11818

4. Using your saved Excel template for Chapter 3 Online Project, export to Excel the Deposit Detail report for December 16 - 18, 2013. (Hint: Report Center > Banking)

5. Write the following checks for Larry’s Landscaping and Garden Service.


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Date To Account Amount Check No.

12/16/2013 Computer Services by DJ 7552 Computer Repairs $180.00 1464

12/17/2013Computer Services by DJ for External Hard Disk

7320 Computer Supplies $127.00 1465

12/17/2013Mike Scopellite for Professional Design Consulting

7430 Professional Design Fees

$360.00 1466

12/18/2013Sowers Office Equipment for Special Order

7300 Office Supplies $250.00 1467

12/18/2013 Nye Properties 7500 Rent Expense $800.00 1468

6. Export to Excel the Check Detail report for December 16 through 18, 2013. (Hint: Report Center > Banking)

7. Reconcile the following bank statement.

8. Export to Excel the banking reconciliation summary report.

9. Export to Excel the banking reconciliation detail report. Highlight the checks and deposits cleared for the November bank statement.

10.Export to Excel the Journal report for the December 16 through 18, 2013.


Chapter 3 (continued)Online Project

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BANK STATEMENT BANK STATEMENT BANK STATEMENT

Larry’s Landscaping and Design ServiceLarry’s Landscaping and Design Service 11-30-2013

1045 Main Street1045 Main Street Checking

Bayshore, CA 94326Bayshore, CA 94326

Beginning Balance 10-30-2013 $238,625.29

+ Deposits 2 5,775.8

- Checks 8 2865.51

- Service Charge 25.00

+ Interest Paid 0.00

Ending Balance 11-30-2013 $241,510.58

DepositsDate Amount

11-25-2013 $5,000.00

11-30-2013 775.80Checks Paid

Date No. Amount

10-22-2013 1459 $244.13

10-28-2013 1461 550.00

11-22-2013 1460 244.13

11-28-2013 1462 550.00

11-29-2013 1112 177.25

11-30-2013 1113 125.00

11-30-2013 1114 375.00

11-30-2013 1115 600.00

Thank you for banking with us!Thank you for banking with us!Thank you for banking with us!




1. Use your QuickBooks company file (.QBW) file that you completed for Chapter 3 Online Project. (If you have issues with your file, contact your instructor for the Chapter 4 Online Project data file for Larry’s Landscaping and Garden Service.)


3. Enter the following sales receipts for Larry’s Landscaping. (Use Template: Sales Receipt - Retail).

Date Customer Item Quantity Payment Method

12/19/2013 Bob Heldt Pump (Fountain Pump) 1 Cash

12/20/2013 Tracy Stinson Fertilizer (Lawn & Garden) 5 Cash

12/21/2013 Dave Perry Rocks (Garden Rocks) 2 Check (No. 622)

4. Enter the following invoices.

Date Customer Item Quantity Rate Tax

12/19/2013 Anne Loomis Pest Control Service 1 $60.00 Non

12/20/2013 Russell Chiropractic Weekly Garden Service 1 $75.00 Non

12/20/2013 Gwen Price Tree Removal 1 $80.00 Non

5. Record the following customer payments.

Chapter 4 Online Project

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Date Customer Invoice No. Amount Payment Method

12/19/2013 Susie Rummens No. 126 $135.00 Check (No.321)

12/20/2013 Bob Heldt No. 123 $1825.92 Check (No. 823)

12/21/2013 Mike Balak No. 116 $180.00 Check (No. 1281)

6. Record the following deposits (related to previous requirements 3 and 5) from Undeposited Funds to the Checking account.

Date Customer Amount

12/21/2013 Bob Heldt $80.81

12/21/2013 Tracy Stinson $10.06

12/21/2013 Susie Rummens $135.00

12/21/2013 Bob Heldt $1825.92

12/21/2013 Dave Perry $20.77

12/21/2013 Mike Balak $180.00

7. Using your saved Excel template for Chapter 4 Online Project, export to Excel the Open Invoices report for Larry’s Landscaping for December 21, 2013.

8. Export to Excel the Deposits Detail report for December 19 - 21, 2013.

9. Export to Excel the Journal report for December 19 - 21, 2013.



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3. Enter the following purchase orders for Larry’s Landscaping.

Date Vendor Item Quantity

12/22/2013 Conner Garden Supplies ½” Vinyl Irrigation Hose 100

12/23/2013 Nolan Hardware Supplies Plastic Sprinkler Piping 50

12/23/2013 Willis Orchards Soil (2 cubic foot bag) 10

4. Record the following items received by Larry’s Landscaping.

Date Vendor PO No. Item Quantity

12/22/2013 Nolan Hardware & Supplies 7 Sprinkler Head 36

12/22/2013 Gussman’s Nursery 11 Lemon Tree 1

12/22/2013 Gussman’s Nursery 11 Citrus Tree – Arizona Sweet 1

12/22/2013 Gussman’s Nursery 11 Fruit Tree - Plum 1

12/23/2013 Conner Garden Supplies 12 ½” Vinyl Irrigation Hose 100

5. Use Enter Bills Against Inventory to enter the following bills for Larry’s Landscaping.


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Date Vendor PO No. Terms Amount Due

12/22/2013 Gussman’s Nursery 11 Net 15 $147.00

12/23/2013 Conner Garden Supplies 12 Net 30 $12.00

Use the Enter Bills icon to enter the following bill received by Larry’s.

Date Vendor Account Terms Amount Due

12/23/2013 Sult Advertising 6000 Advertising Expense Net 30 $100.00

6. Pay the following bills for Larry’s.

Date Vendor Amount Due

12/23/2013 Gussman’s Nursery $147.00

12/23/2013 Conner Garden Supplies $12.00

12/23/2013 Townley Insurance Agency $427.62

12/23/2013 Great Statewide Bank $699.12

7. Using your saved Excel template for Chapter 5 Online Project, export to Excel the Open Purchase Orders report for Larry’s Landscaping for this fiscal quarter (October 1 - December 31, 2013.

8. Export to Excel the Checks Detail report for Larry’s for December 22 - 23, 2013.

9. Export to Excel the Accounts Payable Aging Detail report as of December 23, 2013.

10. Export to Excel the Journal report for December 22 - 23, 2013.


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3. Prepare the following paychecks for Larry’s Landscaping. (Select the Pay Employees icon > Unscheduled Payroll.)

Pay Period End Date Employee Check Date Paycheck Amount

12/29/2013 Duncan Fisher 12/29/2013 $1,172.63*

12/29/2013 Jenny Miller 12/29/2013 $1,271.51

12/29/2013 Shane Hamby 12/29/2013 $1,623.56

4. Using your saved Excel template for Chapter 6 Online Project, export to Excel the Payroll Summary report for Larry’s Landscaping for December 16 - 29, 2013.

5. Export to Excel the Journal report for December 29, 2013.


*QuickBooks payroll updates can affect paycheck amounts.


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3. Complete the following instructions to ensure that your accounts are in the proper order in the chart of accounts. Open the Chart of Accounts window. Click Account > Re-sort List. When asked: Are you sure you want to return this list to its original order?, click Yes.

Using your saved Excel template for Chapter 7 Online Project, export to Excel the Trial Balance report for Larry’s Landscaping for the fiscal quarter October 1 to December 31, 2013.

4. Enter the following adjusting entries for Larry’s Landscaping.

Date Entry Number Account to Debit Account to Credit Amount

12/31/2013 ADJ 1 6700 Depreciation Expense 1520 Accum Depr – Truck $575.00

12/31/2013 ADJ 2 6900 Insurance Expense Prepaid Insurance $100.00

5. Export to Excel the Journal report for December 31, 2013.

6. Export to Excel the Adjusted Trial Balance for Larry’s Landscaping at December 31, 2013. (Hint: After recording adjusting entries, display the Trial Balance report. Add the word, Adjusted, to the header so the report title is: Adjusted Trial Balance.)

7. Export to Excel the Profit and Loss Standard report for the fiscal quarter October 1 to December 31, 2013.

8. Export to Excel the Profit and Loss Detail report for the fiscal quarter October 1 to December 31, 2013.

9. Export to Excel the Balance Sheet Standard report as of December 31, 2013.

10.Export to Excel the Balance Sheet Detail report as of December 31, 2013.

11.Export to Excel the General Ledger report using only the accounts in use for December 15 through December 31, 2013.


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Kayla Mercedes founded a new business, Kayla Consulting, a firm that provides consulting and design services to companies using social networking for marketing purposes. The firm advises companies regarding how to use internet marketing and social networking tools, such as Facebook, Twitter, and blogs, to market and promote their companies, products, and brands. Social networking tools are revolutionizing marketing to promote dating services, spas, grocery stores, and even emergency rooms. Kayla Consulting is poised to provide the expertise to assist firms in capitalizing upon social networking to gain a competitive advantage.

You plan to maintain the accounting records yourself using QuickBooks software.

1. Set up a new company file for Kayla Consulting using the EasyStep Interview.

Company: Kayla ConsultingTax ID: 123-45-6789Address: 23 Jordan St Bayshore, CA 94326Phone: 415-555-1122

Email: [your email address]Industry: General Service-Based BusinessCompany Organization: Sole ProprietorshipFirst month of Fiscal Year: JanuaryFile Name: [your name] Chapter 8 Online ProjectWhat do you sell? Services OnlySales Tax? NoEstimates? YesSales Receipts? YesBilling Statements? YesProgress Invoicing? NoTrack Bills? YesPrint Checks? YesCredit Cards? I don’t currently accept credit cards and I don’t plan toTrack Time? YesEmployees? NoMultiple Currencies? NoStart Date? 01/01/2014Add existing bank account? YesBank Account Name: [your name] Checking


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Bank Account Opened: On or after 01/01/2014Use Recommended Accts? Yes


3. Using the following information create a Customer List.

Customer/Company

NameAddress Phone Contact Type Terms Account

No.Preferred Payment Method

Holcomb Health Foods

15 Stanford DrBayshore, CA 94326

415-555-6213 Ann Holcomb

Commercial Net 15 1001 Check

Redeker Bed & Breakfast

42 Saluki WayBayshore, CA 94326

415-555-5769 Kari Redeker


Etzkin Realty

98 Cleveland StBayshore, CA 94326

415-555-5521 Brian Etzkin


4. Using your saved Excel template for Chapter 8 Online Project, export the Customer List to Excel.

5. Using the following information, create a Vendor List.

Vendor/Company

Name

Address Phone Contact Print on Check As

Account No.

Type Terms

Jackson Computer Services

723 Normal AveBayshore, CA 94326

415-555-6312 Keith Jackson Computer Services

2001 Service Providers

Net 30

Pitts Leasing

18 Jane LaneBayshore, CA 94326

415-555-9498 Meredith Pitts Leasing 2002 Service Providers

Net 30

6. Export the Vendor List to Excel.

7. Using the following information create an Item List.


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Type Item Name Description Rate Account

Service Internet Marketing Internet Marketing Consulting $50.00 Sales

Service Social Networking Marketing Social Networking Marketing Consulting

$60.00 Sales

8. Export the Item List to Excel.



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Use your company file from Chapter 8 Online Project for Kayla Consulting, enter the transactions for the month of January 2014. (If you have issues with your file, contact your instructor for the Chapter 9 Online Project data file.)


2. Select preferences to use account numbers.

3. Enter the following transactions for the month of January 2014. (Click View > Open Window List to streamline transaction entry.)

Date Transaction

01/01/2014 Kayla Mercedes invested $5,000 in the business (Check No. 432).

01/01/2014Paid $800 for rent expense to Pitts Leasing (Check No. 101). (Record with the two-step method using the Enter Bills and Pay Bills windows.)

01/02/2014Purchased a computer for $2,100 on account from Jackson Computer Services (Account: Furniture & Equipment).

01/06/2014Printed and mailed invoice to Redeker Bed & Breakfast for 10 hours of internet marketing consulting and 5 hours of social networking marketing consulting.

01/08/2014Printed and mailed invoice to Etzkin Reality for 7 hours of internet marketing consulting and 5 hours of social networking marketing consulting.

01/10/2014Printed and mailed invoice to Holcomb Health Foods for 10 hours of internet marketing consulting.

01/15/2014Printed and mailed invoice to Etzkin Realty for 15 hours of social networking marketing consulting.

01/20/2014Paid $100 for office supplies from Jackson Computer Services (Check No. 102). (Record as Office Supplies Expense using the Enter Bills and Pay Bills windows.)

01/20/2014 Received $800 payment from Redeker Bed & Breakfast (Check No. 589) and recorded deposit.

01/22/2014Printed and mailed invoice to Redeker Bed & Breakfast for 12 hours of internet marketing consulting.


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Date Transaction

01/22/2014 Received $650 payment from to Etzkin Reality (Check No. 935) and recorded deposit.

01/23/2014 Received $500 payment from Holcomb Health Foods (Check No. 1245) and recorded deposit.

01/24/2014Paid $200 for office supplies from Jackson Computer Services (Check No. 103). (Record as Office Supplies Expense using the Enter Bills and Pay Bills windows.)

01/27/2014Printed and mailed invoice to Holcumb Health Foods 4 hours of internet marketing consulting and 12 hours of social networking marketing consulting.

01/28/2014 Received $900 payment from Etzkin Realty (Check No. 876) and recorded deposit.

01/30/2014Purchased copier/printer/fax machine for $550 on account from Jackson Computer Services (Account: Furniture & Equipment).

01/31/2014 Paid Jackson Computer Services bill for $2,100 computer (Check No. 104).

4. Using your saved Excel template for Chapter 9 Online Project, export to Excel the Journal report for the month of January 2014.

5. Export to Excel the Deposits Detail report for January 1-31, 2014.

6. Export to Excel the Checks Detail report for January 1-31, 2014.

7. Export to Excel the Profit and Loss Standard report for the month of January 2014.

8. Export to Excel the Balance Sheet Standard report at January 31, 2014.

9. Do you have any recommendations for the accountant? Are there any other steps that you would suggest?



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To complete this project, download the Excel template for Chapter 10 Online Project(www.QuickBooksBlog.info). Follow instructions provided in the template.

J&B sells smartphone accessories including earbuds, bluetooth earpieces, portable speakers, and cases. The company is converting from a manual accounting system that was used in prior years to QuickBooks software beginning January 2014.

1. Set up a QuickBooks company file for J&B using the EasyStep Interview.

Company: J&BTax ID: 30-1958546Address: 45 Seminole Way Bayshore, CA 94326Phone: 415-555-2223Email: [your email address]Industry: Retail Shop or Online CommerceCompany Organization: S CorporationFirst month of Fiscal Year: JanuaryFile Name: [your name] Chapter 10 Online ProjectWhat do you sell? Products onlyEnter Sales? Record each sale individuallySell products online? I don’t sell online, and I am not interested in doing soSales Tax? YesEstimates? NoSales Receipts? YesBilling Statements? NoInvoices? YesProgress Invoicing? NoTrack Bills? YesPrint Checks? YesTrack Inventory? YesCredit Cards? I accept credit cards and debit cardsTrack Time? YesEmployees? NoMultiple Currencies? NoStart Date? 01/01/2014Add existing bank account? YesBank Account Name: [your name] CheckingBank Account Opened: On or after 01/01/2014Use Recommended Accts? Yes


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2. Add your name and Chapter 10 to the company name. Display account numbers in the Chart of Accounts.

3. Add the following information to the Chart of Accounts.

a. Add the following account number and beginning balance for the company Checking account.

Account Account No. Statement Ending Balance Statement Ending Date

[your name] Checking 10100 $10,000 01/01/2014

b. Add the following accounts and opening balances to the Chart of Accounts.

Account No.

Account Title Account Type

Subaccount of:

Account Description

Tax Line Opening Balance

26000 Notes Payable Other Current Liability

Notes Payable B/S-Liabs/Eq: Other current liabilities

$2500 as of 01/01/2014

12500 Office Supplies on Hand

Other Current Asset

Office Supplies on Hand

B/S-Assets: Other current assets

$250 as of 01/01/2014

64800 Office Supplies Expense

Expense Office Supplies Expense

Other Deductions: Supplies

14000 Store Fixtures Fixed Asset Store Fixtures B/S-Assets: Buildings/oth depr assets

$0 as of 01/01/2014

14100 Store Fixtures Cost

Fixed Asset Store Fixtures Store Fixtures Cost

B/S-Assets: Buildings/oth depr assets

$4000 as of 01/01/2014

14200 Acc Depr-Store Fixtures

Fixed Asset Store Fixtures Acc Depr-Store Fixtures

B/S-Assets: Buildings/oth depr assets

$0 as of 01/01/2014


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4. Using your saved Excel template for Chapter 10 Online Project, export to Excel the Chart of Accounts (Account Listing). If necessary, change the report header date to January 1, 2014.

5. Enter the Customer List using the following information.

Customer/Company

Name

Address Phone Contact Type Terms Tax Code

Tax Item

Acct No.

Preferred Payment Method

Thea Hudson 12 Castle DrBayshore, CA 94326

415-555-5253 Thea Hudson

Residential Net 15 Tax State Tax

1001 Check

Holcomb Health

15 Stanford DrBayshore, CA 94326

415-555-6213 Ann Holcomb

Commercial Net 15 Non 1002 Check

Etzkin Realty 98 Cleveland StBayshore, CA 94326

415-555-5521 Brian Etzkin

Commercial Net 15 Non 1003 Check

6. Export to Excel the Customer List.

7. Enter the Vendor List using the following information.

Vendor/Company

Name

Address Phone Contact Print on Check As

Account No.

Type Terms

Jackson Computer Services

723 Normal AveBayshore, CA 94326

415-555-6312 Keith Jackson Computer Services

2001 Service Providers

Net 30

Lehde Cell Phone Supplies

45 Tiffany LaneBayshore, CA 94326

415-555-4445 Eric Lehde Cell Phone Supplies

2002 Suppliers Net 30

Pitts Leasing 18 Jane LaneBayshore, CA 94326

415-555-9498 Meredith Pitts Leasing 2003 Service Providers

Net 30

8. Export to Excel the Vendor List.

9. Enter the Item List using the following information.


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Type Item Name & Description

Cost COGS Account

Sales Price

Tax Income Account Asset Account

Qty on Hand

Inventory Part Bluetooth Earpiece $5.00 50000 – Cost of Goods Sold

$15.00 Tax 46000 – Merchandise Sales

12100 – Inventory Asset

0 as of 01/01/2014

Inventory Part Cell Phone Case $2.00 50000 – Cost of Goods Sold



0 as of 01/01/2014

Inventory Part Portable Speakers $9.00 50000 – Cost of Goods Sold



0 as of 01/01/2014

10. Edit the sales tax item to add the following:

Sales tax rate: 7.75%

Tax agency: California State Board of Equalization

11. Export to Excel the Item List. (Hint: From the Items & Services window, click Excel > Export All Items).

12. On January 1, 2014, transfer the Opening Balance Equity account balance of $11,750 to the Capital Stock account using a journal entry: Open ADJ 1.

13. Record the following transactions.

Date Transaction

01/01/2014 Paid $850 for store rent to Pitts Leasing (Check No. 501). (Use Write Checks Window.)

01/02/2014Ordered 200 Bluetooth Earpieces, 250 Cell Phone Cases, and 100 Portable Speakers from Lehde Cell Phone Supplies.

01/04/2014 Received items ordered from Lehde Cell Phone Supplies on 01/02/2014.

01/05/2014 Sold 50 Bluetooth Earpieces and 50 Cell Phone Cases to Etzkin Realty on account.

01/06/2014 Received bill from Lehde Cell Phone Supplies.

01/08/2014 Sold 80 Bluetooth Earpieces and 100 Cell Phone Cases to Holcomb Health on account.


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Date Transaction

01/11/2014 Sold 20 Portable Speakers and 10 Bluetooth Earpieces to Thea Hudson on account.

01/15/2014Paid $75 for office supplies from Jackson Computer Services (Check No. 502). Use the Office Supplies on Hand account. (Record using the Enter Bills and Pay Bills windows.)

01/20/2014 Received and deposited $1,250 payment from Etzkin Realty (Check No. 906).

01/22/2014 Received and deposited $2,200 payment from Holcomb Health (Check No. 787).

01/24/2014 Sold 50 Bluetooth Earpieces and 10 Portable Speakers to Etzkin Realty on account.

01/25/2014 Ordered 100 Bluetooth Earpieces from Lehde Cell Phone Supplies.

01/26/2014 Received and deposited $592.63 payment from Thea Hudson (Check No. 321).

01/27/2014 Received items ordered from Lehde Cell Phone Supplies on 01/25/2014.

01/28/2014 Received bill from Lehde Cell Phone Supplies.

01/29/2014 Sold 58 Portable Speakers and 2 Cell Phone Cases to Holcomb Health on account.

01/31/2014 Paid Lehde Cell Phone Supplies bill due on 02/05/2014 (Check No. 503).

14.Export to Excel the Trial Balance report at January 31, 2014.

15.Enter the following adjusting entries using the Journal.

Entry No. ADJ 1: A count of office supplies revealed $225 on hand. (Hint: Debit Account No. 64800: Office Supplies Expense.)

Entry No. ADJ 2: January depreciation expense for store fixtures was $50.


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16.Export to Excel the Journal for the month of January 2014.

17.Export to Excel the Adjusted Trial Balance at January 31, 2014.

18.Export to Excel a Profit and Loss Standard report for the month of January 2014.

19.Export to Excel a Balance Sheet Standard report at January 31, 2014.

20.Export to Excel the Customer Balance Detail report for January 1-31, 2014.

21.Export to Excel the Vendor Balance Detail report for January 1-31, 2014.



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Using your company file from Chapter 10 Online Project, complete the following. (If you have issues with your file, contact your instructor for the Chapter 11 Online Project data file.)


2. Enable QuickBooks manual payroll.

3. Setup payroll and add the following new employees. J&B compensates its employees through salary; hourly wage and overtime; and bonus, award, or one-time compensation. J & B does not provide insurance benefits, retirement benefits, or paid time off.

Name Address Employee Type

SSN Hire Date

Gender Pay Frequency

Pay

Meredith Grey

87 Grace LaneBayshore, CA 94326

Regular 111-22-3333 2/1/2014 Female Biweekly Hourly$10.00/hr

Tony Parker

92 Spur AveBayshore, CA 94326

Regular 444-55-6666 2/1/2014 Male Biweekly Hourly$9.00/hr

Use the following information for both employees:

Direct deposit? No

State subject to withholding? California

State subject to unemployment tax? California

Live or work in another state? No

Federal filing status? Single

Federal allowances? 1

Nonresident alien withholding? Does not apply

Subject to Medicare, Social Security, and Federal Unemployment? Yes

Subject to advanced earned income credit? No

State filing status? Single

State withholding allowances? 1


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Subject to CA unemployment, employment training tax, and disability? Yes

Subject to any special local taxes? No

Wage plan code? S (State Plan for both UI and DI)

4. Click Finish Later after completing Employee Setup and before completing Taxes in Payroll Setup.

5. Using your saved Excel template for Chapter 11 Online Project, export to Excel the Employee List.

6. Enter the following paycheck and timesheet information.

Bank Account [your name] Checking

Pay Period Ends 02/14/2014

Check Date: 02/15/2014

Employee Pay Period Hours Worked

Federal Income

Tax

Social Security (Emp)

Social Security (Comp)

Medicare (Emp)

Medicare (Comp)

State Income

Tax

Meredith Grey

2/1/2014 – 2/14/2014

40 $80.00 $24.80 $24.80 $5.80 $5.80 $20.00

Tony Parker

2/1/2014 – 2/14/2014

30 $54.00 $16.74 $16.74 $3.92 $3.92 $13.50

7. Prepare voucher paychecks for the employees at February 15, 2014.

8. Export to Excel the Payroll Transaction Detail report for February 1-15, 2014.



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To complete this project, download the Excel template for Chapter 12 Online Project(www.QuickBooksBlog.info). Follow instructions provided in the template.

Using your company file from Chapter 9 Online Project, complete the following. (If you have issues with your file, contact your instructor for the Chapter 12 Online Project file.)


2. Create a Profit and Loss budget for the year 2014.

Enter the following budget items and amounts for January 2014.

Account No. Account January 2014 Budget Amount

47900 Sales $4,370.00

64900 Office Supplies (Expense) $300.00

67100 Rent Expense $800.00

Use a 2% monthly increase for each budget item.

Enable compounding.

3. Using your saved Excel template for Chapter 12 Online Project, export the Profit and Loss Budget report for 2014 to Excel.



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