Preliminary – Setup QuickBooks

• Download and install QuickBooks 2018 for Students.
• View the Introducing QuickBooks video series- Introduction (Links to an external site.).
  1. Navigate QuickBooks (Links to an external site.).
  2. Work with Company Files (Links to an external site.).
• Signup for a QuickBooks student account (Links to an external site.).
• Register the product as a student.
• Install the license key.
• 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 Lynda.com web training site (Links to an external site.): Exercise Files tab: Ex_Files_Quickbooks_Pro_2018_EssT.zip
  3. View and complete the steps in the video series (Links to an external site.)–
     • Set up Shop,
     • Add Customers, and
     • 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 (Dr. Jennifer Bolden). 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?

Writing Guidelines:

• Assignment should follow APA guidelines with respect to use of subheadings, 1” margins, and double-spaced.
• Page length requirements for the assignment exclude the title page and the reference page. References need to include your textbook plus two additional credible academic references. All sources used, including your textbook, must be referenced; paraphrased and quoted material must have accompanying citations and cited per APA guidelines.
• Use the CSU-Global APA Instructions (Links to an external site.).
• Textbook: Simkin, M., Worrell, J., & Savage, A. (2018). Core concepts of accounting information systems (14th ed. ). Wiley. ISBN: 9781119373544.