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Stephen L. Nelson
QuickBooks 2022 All-in-One For Dummies
Читать книгу QuickBooks 2022 All-in-One For Dummies - Nelson Stephen L., Stephen L. Nelson - Страница 1
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QuickBooks® 2022 All-in-One For Dummies® To view this book's Cheat Sheet, simply go to
www.dummies.com
and search for “QuickBooks 2022 All-in-One For Dummies Cheat Sheet” in the Search box. Table of Contents
List of Tables
List of Illustrations
Guide
Pages
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Principles of Accounting
The Purpose of Accounting
The big picture
Managers, investors, and entrepreneurs
External creditors
Government agencies
Business form generation
Reviewing the Common Financial Statements
The income statement
Balance sheet
Statement of cash flows
Other accounting statements
Putting it all together
CURIOUS ABOUT DIFFERENT BUSINESS FORMS?
The Philosophy of Accounting
Revenue principle
Expense principle
Matching principle
Cost principle
Objectivity principle
Continuity assumption
Unit-of-measure assumption
Separate-entity assumption
A Few Words about Tax Accounting
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Double-Entry Bookkeeping
The Fiddle-Faddle Method of Accounting
How Double-Entry Bookkeeping Works
The accounting model
Talking mechanics
THAT DARN BANK
Almost a Real-Life Example
Recording rent expense
Recording wages expense
Recording supplies expense
Recording sales revenue
Recording cost of goods sold
Recording the payoff of accounts payable
Recording the payoff of a loan
Calculating account balance
Using T-account analysis results
A Few Words about How QuickBooks Works
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Special Accounting Problems
Working with Accounts Receivable
Recording a sale
Recording a payment
Estimating bad-debt expense
Removing uncollectible accounts receivable
Recording Accounts Payable Transactions
Recording a bill
Paying a bill
Taking some other accounts payable pointers
Inventory Accounting
Dealing with obsolete inventory
Disposing of obsolete inventory
Dealing with inventory shrinkage
WHY NOT JUST CREDIT THE ASSET ACCOUNT?
Accounting for Fixed Assets
Purchasing a fixed asset
Dealing with depreciation
CHOOSING A DEPRECIATION METHOD
Disposing of a fixed asset
Recognizing Liabilities
Borrowing money
Making a loan payment
Accruing liabilities
Closing Out Revenue and Expense Accounts
The traditional close
The QuickBooks close
One More Thing …
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Setting Up QuickBooks
Planning Your New QuickBooks System
What accounting does
What accounting systems do
What QuickBooks does
And now for the bad news
Installing QuickBooks
TROUBLESHOOTING CD/DVD INSTALLATION
Dealing with the Presetup Jitters
Preparing for setup
Seeing what happens during setup
Running the QuickBooks Setup Wizard
Getting the big welcome
Supplying company information
Customizing QuickBooks
Setting your start date
Reviewing the suggested chart of accounts
Adding your information to the company file
Customers, vendors, and employees
Services and inventory items you sell
Business bank accounts
Identifying the Starting Trial Balance
A simple example to start
A real-life example to finish
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