...corresponding with the growth of the business, it is substantially important to analyze the great benefits of an efficient accounting system for the short and long term of a company. The firm indulgence in seeking the consultancy service for the Live project - QuickBooks in Action, the Prime Consultancy firm will seek to offer an expert opinion on the adequacy of establishing an accounting system using QuickBooks to BoliEve Inc. Allowing Prime Consultancy firm to be your consultant will not only avail consultancy services from personnel who are highly qualified and experienced at an affordable compensation, the firm will save the time and resources needed to successfully run the business and also ensure the firm takes a step in the right direction (Madeira, 2014). Granting Prime Consultancy the opportunity to offer consultancy services for establishing an accounting system using QuickBooks to BoliEve Inc., Prime Consultancy will substantively prove its dedication and a high performance work rate that subsequently will offer to BoliEve Inc. a peace of mind in the guise of using an adequate accounting system through adequate consultation. Prime Consultancy hopes to hear a positive reply soon (Collins, A Quick Guide to QuickBooks These 15 tips will boost your...
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...University of Phoenix Material QuickBooks® Online Assignment Supplementary Material Use the following information to complete your QuickBooks® Online assignments in Week’s 2–4. Week 2 Creating Deposits • Select the large + sign in the upper-middle part of the screen. • On the right-hand side under the Other menu, select Bank Deposit. • At the top left of the deposit screen, make sure account 100 Cash-Checking Acct is selected. • Enter the appropriate date to match data for Sierra Corporation data. Inputting the incorrect date will cause problems when reports are run later. • In the Received From field, select the proper name from the list that appears in right-hand side of the box. • In the Account field, select the appropriate account name from the list that appears in the right-hand side of the box. • Input the correct amount in the Amount field. • Select Save and New to complete the transaction. • When done with deposits, click on the large X near the top right of the screen to return to the main menu. Do not click on the X for the browser or QuickBooks tab. Writing Checks • Select the large + sign in the upper-middle part of the screen. • On the left middle side under the Vendor menu, select Check. • At the top left of the check screen, select the proper vendor for payment. • Next, make sure account 100 Cash-Checking Acct is selected. • Enter the appropriate date to match data for Sierra Corporation data. Inputting the...
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...QuickBooks Introduction The accounting profession has developed over time and it is still developing. The introduction of the QuickBooks in the profession has helped solve several issues that are associated with accounting. QuickBooks has made it easier for the accounting experts to work from their own comfort without necessarily being at the client’s office or area of business. This is possible through the several features that QuickBooks has been designed with. Financial records can be extracted from the system after the financial information has been fed to it. Interface provided by Accountant Copy File Transfer QuickBooks has an option of converting a file received from a client into a company file. These conversions have been made possible so that they will take care of the restrictions that may exist in working with the Accountant’s Copy. In a case of such a complication, the file can be converted to the company file to make the work to be performed on it easier (Madeira, 2014). In this case, the accountant may find it hard to work with the tasks of the client on a daily basis if no data available on the company website and this makes the client send the data to the accountant through other means. The accountant performs the required tasks on the company file, and no entry is permitted on the file at the client’s computer. After the accountant is done with the work, he will send it to the DC client who may save and use it as it is or may do editing to it after they...
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...The use of the latest technology has enabled current tax programs to develop individual tax returns efficiently and in no time. Hence, the main goal of this essay revolves around informing the company to use QuickBooks that is a kind of accounting software that helps to enhance the accounting standards. QuickBook is a kind of accounting software package that is created by Intuit. These are mainly developed for small and medium business enterprises (Marks, 2014). QuickBook is the market leader in online accounting software (Intuit Reports Third-quarter Results). For example, some of the benefits of using QuickBooks are; • Ease of use as many accounting programs are challenging • This program can easily be combined with other programs that ensure its standard. • This software helps the managers of the company to scan and upload their signature to be able to save effort and time. • Furthermore, this software provides access to learning center for video for articles and tutorials that provide the...
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...A QUICKBOOKS ACCOUNTING PRIMER By Jeanie R. Hoshor, M.S. Accounting Introduction Businesses run on information: information about the purchase of goods and services from their vendors, about the sale of goods and services to their customers, about their inventories of products, about their employees and the services they perform and the wages they earn, about all the things (cash, buildings, equipment, patents, supplies, etc.) they use to carry on their operations and activities. Most of this information deals with things that have a value that can be measured in dollars and cents; this is financial information. This course (OAS 120) and your textbook deal with the keeping of financial (accounting) records, using a software package for personal computers called QuickBooks (QB). CHAPTER 1: BASIC CONCEPTS IN ACCOUNTING The Two Main Financial Statements The two main end products of accounting are the two financial statements which are presented to investors and creditors outside the business: the Balance Sheet and the Income Statement (which QB calls Profit & Loss). All the other reports you prepare in this course are for internal use by accountants and managers. The Profit & Loss report shows the revenues (QB calls them income) the business earned by performing services or delivering goods to customers during a given period of time, together with the expenses incurred (what was used up) in the process of earning the revenues. Revenues and expenses are...
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...With the plethora of entry-level accounting software available on the market Intuit’s QuickBooks Pro and Sage’s Peachtree Pro are still two of the most popular accounting software specially designed for the needs of small businesses. Both provide excellent solutions to many of the accounting challenges faced by small businesses that use double entry accounting. QuickBooks Pro and Peachtree Pro are promoted as software designed for users with little or no accounting knowledge. Although very similar, there are key elements that differentiate one from the other. For the small business owner ease-of-use, efficiency, security, systems compatibility and operability, vendor support, options to expand and upgrade, and cost feasibility are essential criteria that need to be met. Software Comparison QuickBooks Pro is easy to use and offers the user help in setting up the company, selecting a chart of accounts, and recording transactions in the proper place. Functions are grouped to help direct the user to what is available in a particular category. The menus are simple to understand and offer the user representational icons for what they want to do. For example, a check looks like a check and so on. The homepage offers the user easy navigation through shortcuts allowing information to be pulled in different ways. Like QuickBooks Pro, Peachtree Pro has a user-friendly interface. Peachtree Pro, on the other hand, is slightly more complicated to use and may require some knowledge...
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...QuickBooks System Requirement I. Operating systems supported Operating systems supported Windows 8, all editions including 64-bit, natively installed (QuickBooks R4 and later required) Windows 7, all editions including 64-bit, natively installed Windows Server 2012 (Small Business Server/Essentials), Windows Small Business Server 2011, Small Business Server 2008 Windows Server 2008 R2, Windows Server 2008, and Windows Server 2003, including 64-bit,natively installed II. Database Servers: Windows: natively installed & Windows 8, Windows 7 (SP1), Windows Server 2008 R2, Windows Server 2008, Windows Server 2008 - Terminal Server Config., Windows Server 2003, Windows Small Business Server 2012, Windows Small Business Server 2011, and Windows Small Business Server 2008 Note: Windows Home Server Edition is not supported. III. Hardware and operating system requirements (client and server) 2.0 GHz processor; 2.4 GHz recommended 2-4 GB RAM recommended for multiple users for QuickBooks Enterprise Display optimized for 1024 x 768 screen resolution or higher with up to 1 Extended monitor All online services and subscription based features (such as Advanced Inventory) require Internet access. Windows: Administrator Rights required for the server computer when hosting Multi User Access Regional Settings are supported when set to English (United States) with keyboard setting to U.S. only Natively installed Disk space requirements: 10 GB of disk space or more (additional...
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...Business on QuickBooks Pro QuickBooks Pro is accounting software that can be utilized for personal use or by any type and size business, even multi-level corporations. The program makes accounting principles understandable even to those who are just starting to learn about bookkeeping, yet it is sophisticated enough that many professional accountants and bookkeepers use it. QuickBooks Pro includes features like invoicing, entering and paying bills, payroll, job costing, creating estimates, projecting cash flows, inventory tracking and formulating vital accounting reports. Figure 1: Setup Interview Figure 1: Setup Interview The Initial Installation & Business Set-up It might seem like a daunting task to get started on the QuickBooks Pro software, and it is useful to have an overview of the process before beginning. QuickBooks Pro 2011 QuickBooks Pro 2011 QuickBooks has several versions, it is important to select the version that most suits your business. The QuickBooks website is beneficial in comparing versions to help make an educated decision. Once the appropriate version is selected, install the software on your computer. QuickBooks Pro allows up to five people in a company file at a time. You can purchase licenses in single or five-user packs. If you initially purchased one and need more licenses, they are available on the QuickBooks website. It is important to gather appropriate information about your business and its finances before launching QuickBooks Pro....
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...wondering whether the version of QuickBooks we are corrently using is compatible or not. QuickBooks 2013, 2012, 2011 and 2010 are designed to be compatible with all the editions of Windows 7. QuickBooks 2009 and 2008 can run on window 7, but some some functions may be different and you may encounter problem which you cannot resolve. As long as you have a currently supported version of QuickBooks, you can contact the support technician and get assistance if though your version is not compatible to Windows 7. Some of the versions of QuickBooks: 1). 2011 and later version of QuickBooks- Choose the windows 7 edition that best suits you. Install QuickBooks on Windows 7. Be sure that the latest QuickBooks update is installed. If at all you encounter problems, a support agent can troubleshoot and help you resolve your issue....
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...productivity, minimize errors and improve clients’ satisfaction by implementing an Enterprise Solutions that will help simplify the accounting processes and still have the ability to generate the information needed to make informed business decisions. The project is intended to support the planning, oversight, and implementation of QuickBooks Enterprise Solutions and to establish a structure to maintain the accounting functions and payroll with system/data interfaces, tables, and codes. The project will provide planning, analysis, programming, data updates, testing, documentation, software quality assurance and implementation support to ensure that this software provides continued relevance to the accounting department of the organization (Horne, 2011). Objectives The objectives of the project include the following 1. Support and improve the current operations in the organization. 2. Improve efficiency of delivery systems, 3. Reduce product costs. 4. Improve the company’s market position and future prospects. Scope Statements The Project Management Plan (PMP) shows relevant information for the QuickBooks Enterprise Solution project. The scope of the PMP covers the project organizational structures in staffing, management processes to include dependencies and constraints as well as a high level description of technical processes that will be managed through the controls described in the PMP. It is used as a tool by the Project...
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...True/Make True: Answer these questions. * QuickBooks 2014 Student Trial Edition can only run on personal computers with the Windows Vista operating systems. -Quickbooks can run on personal computers through windows 7,8 and 9 * QuickBooks 2014 Student Trial Edition can be installed on both individual and computer lab computers. -The Student Trial Edition has limited use and cannot be networked in computer labs. Schools must purchase and install Quickbooks 2014 licenses for their classrooms or computer labs. * If QuickBooks is registered, the Help menu shows Register QuickBooks. -If Register Quickbooks is available on the Help menu, you have not registered your copy of Quickbooks. * Creating a new company in QuickBooks is easy with the Express Start Interview. -True * You can close the application you are working with if you single click with your mouse on the close button (). -True * It is a good idea to regularly back up or save to the hard drive instead of external media such as a USB drive. -Frequent saving or backing up of company data is a good business practice. Authors...
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...proper locations. There is only one thing accounting software has not simplified is deciding which software to use. If one were to look up the words "accounting software" on google.com one would receive nearly six million results. However, I will only discuss two. Best Software's Peachtree Complete Accounting and Intuit's QuickBooks Pro are two of the most popular small business solution systems on the market today. Peachtree offers five levels of current software ranging from $99.00 for a beginner's version to $499.00 for a premium version. QuickBooks offers six levels of software ranging from $19.95 for an online version to $3,500.00 for an enterprise version. Except exactly how do the two softwares compare in everyday use? Both can integrate with Microsoft Excel. Both systems have accounts payable, accounts receivable, etc. One can track purchase orders and sales orders with both of them as well. What makes them different? Peachtree has a feature where one can convert QuickBooks files in to its software making it easy for one to change systems if one chooses to do so. I could not find a feature like this in QuickBooks. On the other hand QuickBooks features a Shipping Manager section where one can make shipping labels...
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...The San Diego based company Kudler Fine Food’s consists of both domestic and imported food which includes, a bakery, fresh meats, seafood, produce, dairy products and other packed foods and condiments. They have expanded their business to three locations, La Jolla, Encinitas and Del Mar. The company was founded by Kathy Kudler in 1998 who strives to enhance and simplify her business needs. It was noted that she is in need of a new accounting system to facilitate the expanding success of her company. This proposal will feature options that will efficiently accommodate these needs. New Accounting System There are six major components of an Accounting Information System (AIS). • Employees • Procedure and Instructions • Data • Software • Information Infrastructure • Internal Controls. Employees The new Accounting Information System will assist all departments to work in unison. Management can establish sales goals so staff will know how much inventory to order, inventory will notify accounting of the new payable and invoice customer, sales can enter the order, warehouse can package order and shipping department can ship it out. The customer service department can track shipping. The AIS is designed to be user friendly and meet all needs. Authorized personnel can access the same system and share the same information. Procedure and Instructions Processing data will be achieved by both manual input and automated in collecting, retrieving and storing data. Procedures and...
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...Inventory Systems Summary Christine Burns, Felicia Cobbs, Carolina Martinez, Paula Williams QRB 501 Quantitative Reasoning for Business Professor Jim Easley April 25, 2012 Inventory Systems Summary The team will introduce several factors to summarize the functions descriptions and the advantages and disadvantages of inventory systems. The descriptions of inventory systems will show how one relates to many organizations. The advantages and disadvantages will show collaboration from the team of how the inventory systems can give a good cause or show the effects as a setback. Warehouse Inventory System Transferring information inventory can be used by a public school district or a university as a barcode to scan physical records of information from a particular inventory. This process can be done as a third party software to download a particular file which holds information in inventory from one`s personal computer to a high performance data system (Ruiz-Torres, Mahmoodi, 2010). Transferring barcode data from one file to another is called warehouse inventory physical file. This process has to be done by ensuring to upload data, which is scanned from one computer to the high compatible system. Physically entering inventory allows company data history for stored input. The process involves entering information in the district demonstration field of system. The stock item of quantity has to be entered with capability of information to be displayed. The advantage...
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...Kudler Accounting System By Victor Cromartie BSA /310 February 25, 2013 Adaptation to an accounting system within a business or enterprise adds informative value across the company’s infrastructure. The value displayed by the accounting system role plays in effective facets such as faster processing to all accounting functions and foundationally offering over the top results to errors prone from human weaknesses within the data processing schema. System adaption can improve managerial resourcing and monitor processing thus allowing for better control within Kudler entities presently and within the future. Values stream outward as time and responsibilities are placed into organized role task for employees, allowing for improved customer service among consumers and stakeholders. Core features within the accounting system will address priority levels of information, enhancing decision making in all facets of company planning and viable control functions. A point of central consideration should be the inventory focus within Kudler Fine Foods. Inventory remains essential in balancing all spherical points within the Kudler organization. [pic] Characteristics of the System In the opinion of this accounting firm, Kudler Fine Foods needs to purchase software to record, maintain, and report their information. Every organization has several processes with some experiencing more complex than others. If Kudler wants to remain...
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