We will enter an invoice into QuickBooks online and add an inventory item in the process. The invoice will increase accounts receivable, sales, sales tax payable, and cost of goods sold while decreasing inventory in the accounting software.
Posts with the QuickBooks tag
QuickBooks Online v Excel v QuickBooks Desktop 7.05 Record Owner & Loan Deposit
We will record deposits from an owner and loan in QuickBooks Online, QuickBOoks Desktop, and Excel comparing and contrasting the three formats for entering the accounting transaction.
QuickBooks Online vs Quickbooks Desktop 7.17 Purchase Order
We will enter a purchase order in both QuickBooks Online and QuickBOoks Desktop 2018
QuickBooks Online vs Quickbooks Desktop 7.17 Purchase Order
We will enter a purchase order in both QuickBooks Online and QuickBOoks Desktop 2018.
Quickbooks Online vs QuickBooks Desktop 7.10 Furniture
We will record the purchase of furniture in both QuickBooks Online and QuickBooks Desktop
QuickBooks Online vs QuickBooks Desktop 6.50 Adjusted Beginn
We will adjust the beggining balances for new accounts in both QuickBooks Online and QuickBooks Desktop. When setting up opening balances we often need to adjust the equity section due to the way QuickBooks adjusts the books when entering the beginning balances
7.40 Part 1 Inventory Payment
We will record financial transactions related to inventory payment into a comprehensive Excel worksheet using debits and credit. We will first take a quick look at QuickBooks and then enter the accounting transaction into Excel using debits and credits. For more information about QuickBooks see our QuickBooks 2018 course. See the link below for more information about the online course. http://accountinginstruction.info/qui… For more information about accounting and Excel see our Accounting and Excel course. More information about the online course at the link below. http://accountinginstruction.info/fin… • Affiliate links ○ Microsoft Office 2016 (Affiliate) http://amzn.to/2CYi6LO ○ QuickBooks (Amazon Affiliate) http://amzn.to/2m14h7h ○ QuickBooks Online Plus (Amazon Affiliate) http://amzn.to/2CYRWsE
7.35 Deposit Part 1
We will record the deposit of cash or check received from a customer into the bank. We will first take a quick look at QuickBooks and then enter the financial transaction into Excel using debits and credits. For more information about QuickBooks see our QuickBooks 2018 course. See the link below for more information about the online course. http://accountinginstruction.info/qui… For more information about accounting and Excel see our Accounting and Excel course. More information about the online course at the link below. http://accountinginstruction.info/fin…
QuickBooks vs Excel 10.550 Unearned Revenue Reversing Entry
We will record the financial accounting reversing entry related to unearned revenue. We will first enter the reversing entry into Excel. We will then enter the accounting transaction into QuickBOoks. For more information about QuickBooks see our QuickBooks 2018 course. See the link below for more information about the online course. http://accountinginstruction.info/qui… For more information about accounting and Excel see our Accounting and Excel course. More information about the online course at the link below. http://accountinginstruction.info/fin…
10.65 Closing Process February u
We will enter journal entries related to the financial accounting closing process into a comprehensive Excel worksheet. We will first take a quick look at QUickBooks and then enter the financial accounting data into Excel using debits and credits. For more information about QuickBooks see our QuickBooks 2018 course. See the link below for more information about the online course. http://accountinginstruction.info/qui… For more information about accounting and Excel see our Accounting and Excel course. More information about the online course at the link below. http://accountinginstruction.info/fin…