Entering Historical Financial Data

Now that you have created the accounts and records that you need, you can enter historical accounting data. You should enter account balances as of the earliest transaction date, based on the trial balance taken from your manual records. The program automatically calculates balances for subtotal, group total, and current earnings accounts. (For an explanation of account types, see Account Types in Chapter 2 in the User Guide.)...
read more

Exercise 13: Entering Project Records

Project 1. In the Home window, choose the Project icon. 2. From the File menu or the toolbar, choose Create. 3. Enter the following information: Name: Police Academy Start Date: 10-21-2002 Revenue: 78,514.00...
read more

Exercise 12: Entering Inventory Records (2)

4. Click Create Another to accept the information and open a new record. 5. Repeat steps 3 and 4, entering the following two item records: Item Number: A15 A18 Item Description: Users Guide Web Server Type: Inventory Inventory Minimum Level: 5 5...
read more

Exercise 12: Entering Inventory Records

1. In the Home window, choose the Inventory And Services icon. 2. From the File menu or the toolbar, choose Create. 3. Enter inventory details as follows: a) Click the Quantities tab and enter: Item Number: A13 Item Description: Toner Cartridge...
read more

Adding Inventory Records (6)

Additional Costs. Enter any additional costs associated with this build, such as manufacturing overhead or direct labour. Post Additional Costs To. Enter the account number to which to post the additional costs. Taxes tab Tax and Tax Exempt. The Taxes tab enables you to specify the taxes to charge on the item. Select one of the taxes listed in the Tax column. Then, in the Tax Exempt column, set to Yes or No by clicking the column:...
read more
Page 1 of 212»