Quickbooks Online Assignment Supplementary Material

QuickBooks® Online Assignment Supplementary Material
ACC/290 Version 5 / 2

University of Phoenix Material

QuickBooks® Online Assignment Supplementary Material

Use the following information to complete your QuickBooks® Online assignments in Week’s 2–4.

Week 2

Creating Deposits

· Select the large + sign in the upper-middle part of the screen.

· On the right-hand side under the Other menu, select Bank Deposit.

· At the top left of the deposit screen, make sure account 100 Cash-Checking Acct is selected.

· Enter the appropriate date to match data for Sierra Corporation data. Inputting the incorrect date will cause problems when reports are run later.

· In the Received From field, select the proper name from the list that appears in right-hand side of the box.

· In the Account field, select the appropriate account name from the list that appears in the right-hand side of the box.

· Input the correct amount in the Amount field.

· Select Save and New to complete the transaction.

· When done with deposits, click on the large X near the top right of the screen to return to the main menu. Do not click on the X for the browser or QuickBooks tab.

Writing Checks

· Select the large + sign in the upper-middle part of the screen.

· On the left middle side under the Vendor menu, select Check.

· At the top left of the check screen, select the proper vendor for payment.

· Next, make sure account 100 Cash-Checking Acct is selected.

· Enter the appropriate date to match data for Sierra Corporation data. Inputting the incorrect date will cause problems when reports are run later.

· In the Account field, select the appropriate account name from the list that appears in the right-hand side of the box.

· Input the correct amount in the Amount field.

· Select Save and New to complete the transaction.

· When done with checks, click on the large X near the top right of the screen to return to the main menu. Do not click on the X for the browser or QuickBooks tab.

Making a Journal Entry

· Select the large + sign in the upper-middle part of the screen.

· On the right-hand side under the Other menu, select Journal Entry.

· At the top left of the screen, enter the appropriate date to match data for Sierra Corporation data. Inputting the incorrect date will cause problems when reports are run later.

· In the Account field, select the appropriate account name from the list that appears in the right-hand side of the box. The first line of this journal entry will contain the debit information.

· Input the correct amount in the Debit field.

· Drop down one line and select the proper account for the credit portion of the journal entry.

· Enter the proper amount in the credit column.

· Debits and credits must equal each other in order to save the transaction.

· Select Save in the bottom right-hand corner of the screen.

· When done with journal entries, click on the large X near the top right of the screen to return to the main menu. Do not click on the X for the browser or QuickBooks tab.

Creating a Trial Balance

· Select Reports from the menu along the left-hand side.

· In the Go to report search-box, type Trial Balance.

· Select Trial Balance from the suggestions drop-down.

· Input directly or select the dates to run the report. These dates must correspond to the month and year of the Sierra Corporation data you input. The information on this report must match the data for the Sierra Corporation provided in your classroom Microsoft® PowerPoint® presentation.

Week 3

Making a Journal Entry

· Select the large + sign in the upper-middle part of the screen.

· On the right hand side under the “Other” menu, select Journal Entry.

· At the top left of the screen, enter the appropriate date to match data for Sierra Corporation data. Inputting the incorrect date will cause problems when reports are run later.

· In the Account field, select the appropriate account name from the list that appears in the right-hand side of the box. The first line of this journal entry will contain the debit information.

· Input the correct amount in the Debit field.

· Drop down one line and select the proper account for the credit portion of the journal entry.

· Enter the proper amount in the credit column.

· Debits and credits must equal each other in order to save the transaction.

· Select Save in the bottom right-hand corner of the screen.

· When done with journal entries, click on the large X near the top right of the screen to return to the main menu. Do not click on the X for the browser or QuickBooks tab.

Creating a New Trial Balance

· Select Reports from the menu along the left-hand side.

· In the Go to report search-box, type Trial Balance.

· Select Trial Balance from the suggestions drop-down.

· Input directly or select the dates to run the report. These dates must correspond to the month and year of the Sierra Corporation data you input.

· The information on this report should match the data for the Sierra Corporation provided in your classroom Microsoft® PowerPoint® presentation.

General Trouble Shooting

· In the event balances reflected in reports appear to be inaccurate, double clicking on the dollar figure in question will drill down to the data that supports that figure. This drilling down process allows a transaction that was entered incorrectly to be reopened and changed as necessary.