QuickBooks Online 2021 reversing entry, accrued interest with the help and use of Excel, let’s get into it with Intuit QuickBooks Online 2021. Here we are in our get great guitars practice file, we’re going to be opening up a couple of reports go into the tab up top right clicking on it, we’re going to duplicate the tab up top, we’ll do it again, right clicking on that tab and duplicating that tab up top, we’re going to be opening up our financial statement reports, income statement, and then the balance sheet.
Posts in the Accounting Instruction category:
Adjusting Entry Accrued Interest QB 10.12
QuickBooks Online 2021 adjusting entry accrued interest within QuickBooks, let’s get into it with Intuit QuickBooks Online 2021. Here we are in our great guitars practice problem, we’re going to be opening up our financial statements go into the tab up top, duplicating the tab, right clicking on it to do so and then duplicate it, we’re going to do that two more times, right click on the tab up top duplicate, right click on the tab up top duplicate, we’re going to be opening up then our reports of the trial balance on the first tab, then the profit and loss, then the balance sheet going down to the reports on the left hand side to do so we’re going to start off with the good old trusty t b trial balance, we’re going to type in then to the search window for the trial balance.
Adjusting Entry & Reversing Entry Journal Reports 10.60
QuickBooks Online 2021. adjusting entry and reversing entry Journal reports. Let’s get into it with Intuit QuickBooks Online 2021. Here we are in our get great guitars a practice file, we’re now going to be taking a look at reports after having entered the adjusting and reversing entries, including balance sheet income statement, and then the journal report goal being to isolate in on those adjusting entries and reversing entries, we’re going to be using filters in order to get there.
Reversing Entry Unearned Revenue Customer Deposit QB 10.57
QuickBooks Online 2021 reversing entry related to unearned revenue or customer deposit within QuickBooks, let’s get into it with Intuit QuickBooks Online 2021. Here we are in our great guitars practice file, we’re going to be opening up some reports to start off with to do so we’re going to go to the tab up top, right click on it, duplicate it, and we’re going to do that again, right click on the tab up top and duplicate it. And then once again, we’re going to do that again, right click on the tab up top and duplicate it.
Restricted Net Asset Detail Report 190
This presentation we will generate, analyze, print and export to an Excel a restricted net asset detailed report and get ready because here we go with aplos. Here we are in our not for profit organization dashboard, let’s head on over to Excel to see what our objective will be. We’re currently in the 10th, tab, tab number 10. And last time and a few prior presentations, we’ve been creating the statement of activities, including three columns, two columns, for width restrictions, without restrictions, we then broke out the width restriction column out into the expenses by both function and by their nature.
Statement of Activities Export 186
This presentation we will generate, analyze, print and export to Excel a statement of activities or income statement report, get ready, because here we go with aplos. Here we are in our not for profit organization dashboard, we’re going to be heading on over to the reports on the right hand side. So let’s be opening up the reports. And we’re looking at the statement of activities. So you’ll recall the statement of activities is, in essence, an income statement. We’ve been working with the income statement by fund, but then we created our custom reports down below. So we took this report, that’s going to be a general report, we’re going to scroll down to like custom reports down below, which is then the saved reports.
Statement of Activities Formatting 185
https://youtu.be/S3lCOA6esqY?list=PL60SIT917rv6ERsGZxM9V_IZLVybpgfNU
In this presentation, we’re going to take a look at the formatting of a statement of activities or income statement, we’ll take a look at customizing the statement of activities and customizing it for internal use, as well as external use and then saving those customized income statements so that when we go into them into the future, it will be as easy as possible, get ready, because here we go with aplos. Here we are on our not for profit organization dashboard, we’re going to be opening up our reports, let’s go to the reports on the right hand side to do so we’re then going to go into the income statement by fund. So let’s take a look at the income statement five fund which is going to be our statement of activities report.
Closing Entries 175
https://youtu.be/OdjLcvkWPfY?list=PL60SIT917rv6ERsGZxM9V_IZLVybpgfNU
This presentation, we’re going to discuss the closing process for our accounting system. Get ready, because here we go with aplos. Here we are in our not for profit organization dashboard, let’s head on over to our Excel file to see what our objective will be, you’ll recall, we’re going to be in tab 10. By the way, we’re over here in tab 10. You’ll recall that we’ve been looking at each transaction with the accounts that will be affected, posting those over to our Excel worksheet to see the effect on the trial balance on the accounts. Now, we did this in terms of posting to our first trial balance up top and so row one. And then we said, okay, what if we break this information out, and I want to break this information out by not just the expenses by their nature, but by their function. Now, in aplos, we have a nice system to do that we’re going to use the phones and the classes, or the funds and the tax to do that here.
Net Assets Released From Restriction 172
This presentation we will record a transaction related to net assets being released from restrictions. In other words, we have net assets that had some restrictions put on them, we’re going to be spending money in such a way that it will be releasing the net assets from restriction will record the journal entry to move those net assets from a restricted area to unrestricted so that they can be used and reflected on our statement of activities and statement of net position. Get ready, because here we go with aplos. Here we are in our not for profit organization dashboard. Let’s head on over to our Excel worksheet to see what our objective will be. We’re over here in tab 10. So tab number 10. On the Excel worksheet, you’ll recall in previous presentations, what we have done thus far is we’ve been thinking about recording transactions in terms of journal entries, the accounts that are affected, and then putting them into our trial balance.
Allocate Expenses to Categories Part 2 171
https://youtu.be/H1D3e6dKlTI?list=PL60SIT917rv6ERsGZxM9V_IZLVybpgfNU
This presentation, we’re going to continue on allocating our expenses by category by function, including by program, admin, and fundraising with the use of our tax feature within our accounting software, get ready to go with aplos. Here we are in our not for profit organization dashboard, we’re going to go on over to our Excel file to see what our objective will be. We’re continuing on with the allocation of our expenses, you’ll recall the objective being that normally we have our expenses broken out in the statement of activities here. And we need to break them out both by function and what they’re used for by nature and by function.