This presentation we will enter and adjusting entry related to accrued interest. Let’s get into it with Intuit QuickBooks Online. Here we are in our get great guitars file. We’re going to start off by opening up our reports. Once again, we’re going to go to the reports on the bottom left hand side, we’re opening up the trusty balance sheet or our favorite report the balance sheet, not the trustee trial balance the balance sheet up top, we’re going to go back up top, we’re going to change dates from 1012020 229 to zero, remembering that this is the cutoff date that we want to enter our adjusting entries as of we’re going to go back up top and then duplicate the tab by right clicking on it and duplicating it.
Short Term Portion Of Loan Adjusting Entry 10.11
This presentation and we’re going to break out the short term portion of a loan, this time taking a look at a loan that has both a short term and long term portion to it. Let’s get into it with QuickBooks Online. Here we are in our get great guitars file. Let’s start off by opening up our report our favorite report that being the balance sheet report. So we’re going to go into the reports we’re going to go into the balance sheet, we’re going to be changing the dates up top.
Short Term Loan Adjusting Entry 10.10
This presentation we will look into recording and adjusting entry related to a short term loan. Let’s get into it with Intuit QuickBooks Online. Here we are in our get great guitars file. Let’s first take a look at our reports our balance sheet report for this transaction that we’re going to be recording or this adjusting entry, we’re going to be opening up our favorite report that being the balance sheet report, we’re going to change the dates up top the dates from let’s make it a 1012020 229 to zero. Now, when we think about the adjusting entries, we’re always going to be thinking of them as kind of like the cutoff dates, we’re trying to make things correct as of the cutoff date, which in this case, it’s going to be the end of the second month.
Bank Reconciliation Second Month Part 3 9.17
This presentation we’ll continue on with our bank reconciliation process for the second month of operations, this time finalizing the bank reconciliation process and reviewing the bank reconciliation report. Let’s get into it with Intuit QuickBooks Online. Here we are with our get great guitars file, we’re going to start off with our reports down below. So I’m going to go to the to the reports and we’re going to go to the reports on the bottom left. Let’s open up that balance sheet report.
Bank Reconciliation Second Month Part 2 9.15
In this presentation, we will continue on to part two of our bank reconciliation for the second month of operations, this time focusing on the decreases to the checks to the withdrawals from the bank account. Let’s get into it with Intuit QuickBooks Online. Here we are in our get great guitars file, we’re first going to be opening up some reports. So we’re going to go down to the reports on the bottom left, we’re going to be opening it up first, the balance sheet report, let’s open up the balance sheet report. And we’re going to be changing the dates up top. So I’m going to change the dates up top of the two months of operations that we’ve had thus far. That’s going to be a 1012020 229 to zero.
Bank Reconciliation Second Month Part 1 9.14
This presentation we will start a bank reconciliation for the second month of operations. This will be part one we’ll be focusing in on reconciling the deposits. Let’s get into it with Intuit QuickBooks Online. Now. Here we are in get great guitars file, we’re going to open up our reports. First, let’s go on down to the reports on the bottom left. And then we’re going to first open up the balance sheet report our favorite report opening up the balance sheet. We’re now considering the second month of operations, I’m going to change the dates up top those from a one a 120 to 1230 120.
Bank Reconciliation First Month Part 3 Review Report 9.12
This presentation and we’re going to continue on and finalize our bank reconciliation for the first month of operations. Then we’re going to review the bank statement reports. Let’s get into it with Intuit QuickBooks Online. Here we are in our get great guitars file. I’m going to start off this time by opening up our report. So we’re going to go to our reports down below. We’re going to be opening up first the balance sheet report. So let’s open up the balance sheet, our favorite report down here, we’re going to change the dates up top, we’re only looking at the first month at this point in time.
Bank Reconciliation First Month Part 2 9.11
In this presentation, we’re going to continue on with our bank reconciliation for the first month, part two, we’re going to be focusing in on the decreases this time last time we focused in on the deposits. Let’s get into it with Intuit QuickBooks Online. Here we are in our get great guitars file. Also note that I still have the balance sheet open over here. So if you want to open the balance sheet, I won’t go through it, but you can open the report to the balance sheet, and then and then duplicate the tab as we’ve done in the past. And here is our balance sheet.
Bank Reconciliation First Month Part 1 Deposits 9.10
This presentation we’re going to start our bank reconciliation for the first month of operations entering the deposits or reconciling the deposits for month one for January. Let’s get into it with Intuit QuickBooks Online. Now. Here we are in our get great guitars file. Let’s start off by opening up our report. So I’m going to go to the report down below, we’re going to be taking a look at the balance sheet report because we will be focusing in of course on cash. So I’m going to go up top and change the date. So we’re just going to look at the first month so Oh, 10120 to 12. I’m sorry, oh 131 to zero, so January 1 to January 31 2020. Let’s go ahead and run that report. Then I’m going to go up top to the tab up top, right click on it, duplicate that tab.
Bank Reconciliation Objective 9.02
This presentation and we’re going to take a look at the objectives of the bank reconciliation process. In other words, why do we need to do the bank reconciliation for what’s the important of the bank reconciliation? What are we trying to accomplish when entering a bank reconciliation? Let’s get into it with Intuit QuickBooks Online. Here we are in our get great guitars file. We’re thinking about bank reconciliations now. So first of all, let’s go down to our reporting down below, we’re going to be opening up the report, we’re going to be opening up our favorite report that the in the balance sheet so we’re going to open up the balance sheet report. (more…)