AC211-02 Computerized Accounting 1 for quickbook 2015

Anonymous
timer Asked: Apr 8th, 2016

Question description

This written assignment is part of your course work as outlined in the syllabus. Please ensure that you complete and submit this assignment on or before Wednesday April 11, 2016.  You have been recently hired as an accounting manager by a new company New Corporation Merchandising Corporation. The company is engaged in manufacturing furniture. You are required to implement a computerized accounting system using Quickbooks. Accordingly, you are required to explain how to: create a chart of accounts, customers’ profiles, and vendors’ profiles , bank reconciliations, prepare monthly financial statements and set up the payroll system for the employees etc. Please note that some employees are salaried employees and some are paid hourly wages. Employees are entitled to paid holidays, paid vacation and paid sick time while those employees who are paid hourly wages are entitled to time and a half for any overtime.  Note you are not preparing actual invoices or making actual payments but rather explain how it is being done.    You are required to summarize in at least three pages using APA format how you would accomplish these tasks. Hint: You should be able to distinguish between accounts receivables and accounts payables, receipt of payment on account and cash sales.  Please note that:  The font style should be Times New Roman, font size 12 point and sentences should be doubled spaced. Please ensure you include the reference/references. For your convenience a sample of a reference is provided using APA formatting:

Reference

Albrecht, W. S., Albrecht, C.C., Albrecht C. O. & Zimbelman, M. (2009).   Fraud   examination (3rdEd.). Mason, OH: South-Western Cengage Learning.

Hint replace this with Horne, J…….


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