Option #2: Quickbooks Preliminary - Setup QuickBooks Download and install QuickBooks 2018 for Students

Option #2: Quickbooks

Preliminary - Setup QuickBooks

• Download and install QuickBooks 2018 for Students.
• In the LinkedIn Learning QuickBooks Pro 2018 Essential Training video course (Links to an external site.), go to the table of contents and view the videos in the following sections:

1. Navigate QuickBooks

2. Work with Company Files

• Register the product as a student.
• Install the license key.

• Signup for a QuickBooks student account (Links to an external site.).
• Open a Sample company file.
• Take a screen print of the installed product and paste it into a Word document.

1.    Explore the QuickBooks website (Links to an external site.).

2.    Download the exercise files that are found on the LinkedIn training site (Links to an external site.): Exercise Files tab: Ex_Files_Quickbooks_Pro_2018_EssT.zip

3.    In the LinkedIn Learning QuickBooks Pro 2018 Essential Training video course (Links to an external site.), go to the table of contents and view the videos in the following sections: 

3. Set up Shop

4. Add Customers

5. Work with Vendors

Assignment

Create a new Expense account called Subscription Fees as a sub account of Professional Fees and Tax Line Mapping: Schedule C: Legal and Professional Fees.

1.    Add a new customer called CSU Global with phone, address, account number, non-taxable, customer type is University, add your instructor as a contact. Screen print the Customer Information.

2.    Add a new Vendor: Staples with phone, address, account number, payment terms net 30, choose 64900: Office Supplies as the expense account and Supplies as vendor type.

3.  Submit screen prints from the activities in QuickBooks.

4.  Write a 3-5-page summary explaining what you learned about how QuickBooks helps manage digital information flows and accounting automation. How could QuickBooks help with accounting controls