QUICKBOOKS 2015:

A COMPLETE COURSE CHAPTER

1
LECTURE
Fadi Alshiyab
INTRODUCTION
TO
QUICKBOOKS
2015 AND
COMPANY FILES
 CHAPTER FOCUS

Overview of QuickBooks Program Features

Begin using QuickBooks
Open, backup, and restore company files

Fadi Alshiyab
 LECTURE NOTE

Examples in lecture may or may not match

textbook
Lectures illustrate key points within chapters
Lectures do not contain every transaction
completed in text
Not everything presented in chapters will be
shown in lecture

Fadi Alshiyab
 MANUAL ACCOUNTING VS.
COMPUTERIZED ACCOUNTING WITH
QUICKBOOKS
Manual Accounting Computerized Accounting with
QuickBooks
 A naly z e T rans ac tio ns
 A n al y ze T r an s ac t i o n s
 P rep are bu s ines s d oc u me nt s b y
hand—Inv oi c e, Che c k, S al es  P r ep ar e b u si ne ss do c u m en t s us i n g
R ec ei p t c o m p ut er t o r e c o r d i n f o r m at i o n di r ec t l y
o n b us i n es s f o r m —I n v o i c e, C h ec k, S a l es
 R ec o rd t ransac ti ons in R ec e i p t
D eb i t/Cre di t fo rm at in G ene ra l  Q u i c kB o o ks en t er s t r a n sa c t i o ns i n
J ou rnal D e bi t / C r edi t f o r m at au t o m a t i c al l y i n
 P os t t rans ac ti ons to G ene ra l Journal
L e dge r and Su b s id iary L ed ge rs  Q u i c kB o o ks au t o m at i c al l y p o s t s
 P rep are Rep o rts by hand t r a n sa c t i o ns t o G en er al a nd S u bs i di a r y
l ed g er s
 R ec o rd Cl os ing E ntries ma nu a lly  P r ep ar e r ep o r t s b y c l i c ki n g a b ut t o n
 Calc u late N et Inc o me  C l o se p er i o d b y en t e r i n g a c l o si n g da t e
 Q u i c kB o o ks au t o m at i c al l y c a l c ul a t e s
 T ransfe r Ne t Inc o me to Ow ne r’s
B r o u g h t F o r w a r d B a l a n c es
Cap ital ac c o u nt o r to Re ta ine d  Q u i c kB o o ks c a l c ul a t es N et I nc o m e an d
E arnings t r a n sf er s a m o un t t o O w ne r ’s E q ui t y o r
 Cre ate Brou g ht Fo rward B a la nc es R et ai n ed E a r ni n g s
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 OPEN QUICKBOOKS

Double-click QuickBooks icon on desktop

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 OPEN QUICKBOOKS

OR
 Click Windows Start button
 On Start Menu, point to All Programs
 Scroll until you see QuickBooks folder
 Click QuickBooks folder, click QuickBooks 2015 (Your steps may differ
from this)
 Note: QuickBooks may show QuickBooks Premier 2015 or QuickBooks Premier-
Accountant Edition 2015. All screens will refer to either name and QuickBooks 2015 will
be used as program name.

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 OPEN SAMPLE FILE

On No Company Open screen:

 Click Open a sample file button
 Click Sample service-based business

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 OPEN SAMPLE FILE

Click OK on QuickBooks Information

screen

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 QUICKBOOKS DESKTOP FEATURES

Desktop Features include:

 Title Bar
 Menu Bar
 Icon Bar

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 QUICKBOOKS DESKTOP FEATURES:
TITLE BAR
Title Bar
 Contains Company Name—Sample Larry’s Landscaping &
Garden Supply
 Program Name
 Minimize, maximize, and close buttons

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 QUICKBOOKS DESKTOP FEATURES:
MENU BAR
Menu Bar
 Has a list of menus available in QuickBooks

 Important: Commands shown on various Menu Bars may

differ depending on company used

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 QUICKBOOKS MENUS

File Menu
 Access company files

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 QUICKBOOKS MENUS

Edit Menu
 Make changes

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 QUICKBOOKS MENUS

View Menu
 Select
 Icon Bars
 Favorites Menu
 QuickBooks
Windows

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 QUICKBOOKS MENUS

Lists Menu
 Show lists used
by QuickBooks

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 QUICKBOOKS MENUS

Favorites Menu
 Access your favorite or
most frequently used
commands

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 QUICKBOOKS MENUS

Accountant Menu
 Access Accountant Center
 Complete tasks performed
by the accountant

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 QUICKBOOKS MENUS

Company Menu
 Access Home Page and
Company Snapshot
 Change company
information
 Perform other company
related tasks

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 QUICKBOOKS MENUS

Customers Menu
 Access Customer Center
 Perform other tasks
related to customers and
sales

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 QUICKBOOKS MENUS

Vendors Menu
 Access Vendor Center
 Perform other tasks
related to vendors and
purchases

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 QUICKBOOKS MENUS

Employees Menu
 Access Employee Center
 Access Payroll Center
 Perform other tasks
related to employees and
payroll

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 QUICKBOOKS MENUS

Banking Menu
 Perform tasks related to
 Banking
 Checking
 Loans

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 QUICKBOOKS MENUS

Reports Menu
 Access Report Center
 Prepare reports
 View Company Snapshot

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 QUICKBOOKS MENUS

Window Menu
 Switch between windows
 Arrange icons

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 QUICKBOOKS MENUS

Help Menu
 Access QuickBooks Help
 Ask Intuit
 Update QuickBooks
 About QuickBooks
Accountant 2015
 And more

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 QUICKBOOKS DESKTOP FEATURES:
ICON BAR
An icon bar contains
small picture symbols
called icons
Click icons to give
commands to
QuickBooks
Default is a Left Icon
bar

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 QUICKBOOKS DESKTOP FEATURES:
ICON BAR
■ Change to a Top Icon bar
 Click View Menu,
 Click Top Icon Bar

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 QUICKBOOKS DESKTOP FEATURES:
ICON BAR
■ Change to Colored Icon bar
 Click Edit menu
 Click Preferences
 Click Desktop View
 Click My Preferences tab
 Click Switch to colored icons/light background on the Top Icon Bar
 Click OK

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 QUICKBOOKS DESKTOP FEATURES:
TOP ICON BAR
Top Icon Bar
 Divided into four sections
 QuickBooks Home and Calendar

 Snapshots and Command Centers

 Command Icons

 QuickBooks Search and Additions

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 QUICKBOOKS DESKTOP FEATURES: TOP
ICON BAR—HOME AND MY COMPANY
QuickBooks Home
 Used to go to Home screen (Home Page or Insights)

My Company
 Displays
 Company Information
 Product Information
 Recommend and Manage Apps, Services, and Subscriptions

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 QUICKBOOKS DESKTOP FEATURES:
TOP-ICON BAR INCOME TRACKER
AND CALENDAR
Income Tracker
 View
 Unbilled Sales Orders
 Invoices for individual or all customers that are
 Unpaid
 Overdue
 Paid
Calendar
 Used to maintain a monthly calendar
 Contains information for
 To Do List
 Upcoming: Next 7 days
 Due: Past 60 days

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 QUICKBOOKS DESKTOP FEATURES:
TOP ICON BAR—SNAPSHOTS

Snapshots

 Snapshots has three tabs to display information

 Company
 Payments
 Customers

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 QUICKBOOKS DESKTOP FEATURES:
TOP ICON BAR—SNAPSHOT

Company Snapshot
 Shows information about company
 May be customized

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 QUICKBOOKS DESKTOP FEATURES:
TOP ICON BAR—SNAPSHOT
Payments Snapshot
 Shows information about company revenues
 It may be customized

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 QUICKBOOKS DESKTOP FEATURES:
TOP ICON BAR—SNAPSHOT
Customer Snapshot
 Shows information about individual customers
 It may be customized

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 QUICKBOOKS DESKTOP FEATURES:
TOP ICON BAR—COMMAND CENTERS
Command Centers
 Provide access to specialized areas of information.
 To access a center, click appropriate icon on icon bar.
 Command Centers are:
 Customers
 Vendors
 Employees
 Bank Feeds
 Docs
 Reports
 App Center
 User Licenses

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 QUICKBOOKS DESKTOP FEATURES:
TOP ICON BAR—CUSTOMER CENTER
Customer Center
 Customers & Jobs tab displays a list of customers and their
balances, customer information and transactions for a
selected customer (default tab shown)
 Transactions tab displays transaction categories and allows
you to get information about transaction groups

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 QUICKBOOKS DESKTOP FEATURES:
TOP ICON BAR—VENDOR CENTER
Vendor Center
 Vendors tab allows you to display information about vendors
and is default tab (shown)
 Transactions tab displays transaction categories and allows
you to get information about transaction groups

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 QUICKBOOKS DESKTOP FEATURES:
TOP ICON BAR—EMPLOYEE CENTER
Employee Center
 Employees tab allows you to display a list of employees, employee
information and payroll transactions for a selected employee and
is default tab (shown)
 Transactions tab displays transaction categories and allows you to
get information about transaction groups
 Payroll tab provides information regarding payroll dates, payroll
taxes, and payroll forms

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 QUICKBOOKS DESKTOP FEATURES:
TOP ICON BAR—BANK FEEDS
Bank Feeds
 Shows information about bank accounts
 Enables you to perform online banking transactions

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 QUICKBOOKS DESKTOP FEATURES:
TOP ICON BAR—DOC CENTER
Doc Center
 Allows you to add documents to QuickBooks
 You may add documents stored on your computer or you may
scan a document into QuickBooks
 You may attach these documents to a transaction or item

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 QUICKBOOKS DESKTOP FEATURES:
TOP ICON BAR—REPORT CENTER
Report
Center
 Used to prepare
Reports in
QuickBooks
 Reports are
arranged by
category
 Displays
reports in three
views:
 Carousel
(shown)
 List
 Grid
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 QUICKBOOKS DESKTOP FEATURES:
TOP ICON BAR—APP CENTER
App Center
 Link to Intuit
subscription
services with
workplace
applications
 Some application
categories are:
 Mobile
 Customer
Management
 Billing & Invoicing
 Financial
Management
 Sales Management
 And others

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 QUICKBOOKS DESKTOP FEATURES:
TOP ICON BAR—COMMAND ICON BAR
Command Icon Bar
 Clicking an icon (picture) on icon bar is another way of giving
commands
 Icon bar may be customized

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 QUICKBOOKS DESKTOP FEATURES:
TOP ICON BAR—SEARCH AND ADDITIONS
■ Search and Additions
■ Services takes you to a QuickBooks Products and Services
link. You will be able to add recommended services from this
link.
■ Add Payroll takes you to an Intuit page for Accounting
Software for Small Business – Intuit QuickBooks. Once you
sign in, you may add services and apps.
■ Credit Cards allows you to sign up for plans so your company
can accept credit card payments and bank transfers using
QuickBooks.
■ QuickBooks Search used to search through
■ QuickBooks Help for information
■ Company file for various transactions, accounts, items, customers,
vendors, employees, etc.
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 QUICKBOOKS ACCOUNTANT CENTER

Accountant
Center
 Accessed from
Accountant Menu
 Has Tools that may
be customized
 Shows
Reconciliation
information
 Allows use of
Memorized Reports
 Shows Accountant
Updates

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 HOME SCREEN

QuickBooks Home screen has two tabs

 Home Page
 Insights

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 QUICKBOOKS HOME PAGE

Home Page
 Give commands to QuickBooks
 Get information from QuickBooks

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 QUICKBOOKS HOME PAGE

Home Page
 Tasks to give commands organized into logical groups:
 Vendors
 Customers
 Employees
 Company
 Banking

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 QUICKBOOKS HOME PAGE:
VENDORS SECTION
Vendors
 Used to
 Enter Bills
 Pay Bills
 Companies with
inventory can select
 Purchase Orders
 Receive Items
 Enter Bills Against
Inventory
 Manage Sales Tax
 Click Vendors button
on top of Vendor
section to access
Vendor Center

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 QUICKBOOKS HOME PAGE:
CUSTOMERS SECTION
Customers
 Used for transactions
associated with cash
and credit sales:
 Create Invoices
 Create Sales Orders
 Accept Credit Cards
 Create Sales Receipts
 Receive Payments
 Statement Charges
 Finance Charges
 Statements
 Refunds & Credits
 Click Customers button
on top of Customers
section to access
Customer Center Fadi Alshiyab
 QUICKBOOKS HOME PAGE:
EMPLOYEES SECTION
Employees
 Used for payroll transactions
 Pay Employees
 Pay Liabilities (Payroll)
 Process Payroll Forms
 HR Essentials and Insurance
 Access Payroll Center
 Click Employees button on top of Employee section to access
Employee Center

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 QUICKBOOKS HOME PAGE:
COMPANY SECTION
Company
 Graphic icons can be clicked
to show
 Chart of Accounts
 Items & Services
 Web and Mobile Apps
 Inventory Activities
 Order Checks
 Calendar

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 QUICKBOOKS HOME PAGE:
BANKING SECTION
Banking
 Used for banking and checking
 Icons allow you to
 Record Deposits
 Write Checks
 Print Checks
 Reconcile
 All balance sheet accounts
 Check Register
 Enter Credit Card Charges

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 QUICKBOOKS INSIGHTS

Insights
 Tab is on Home
Screen
 Displays
information and
data about
company
 Default shows
information for
 Profit & Loss
 Income
 Expenses
 May customize to
show other data
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 QUICKBOOKS FORMS

Used to record business transactions

Entries on a form are automatically recorded
in Journal in Debit/Credit format

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 QUICKBOOKS FORMS

Two categories of forms:

 Forms to send or give to people
 Invoices
 Sales Receipts
 Credit Memos
 Checks
 Deposit Slips
 Purchase Orders
 Forms you have received
 Payments from customers
 Bills
 Credits for a Bill
 Credit Card Receipts

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 QUICKBOOKS FORMS: INVOICE

Invoice

Prepared to record a sale on account to a customer
Click Create Invoices icon in Customer Section of Home
Page
Tabs
Title Bar

Icon bar

Field
Text box

Drop-down list

Buttons
 
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 INVOICE TITLE BAR

Title Bar
 Indicates what task you are performing
 (Create Invoices is shown below)
 Has buttons to
 Minimize
 Maximize
 Close an invoice

Minimize button: click to clear invoice from screen, yet keep it

open for further use
Maximize or Restore button: click to make invoice full size
of screen or to restore back to original size
Close button: click to close invoice
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 AREAS USED IN INVOICE

■ Field
 Area on a form requiring information
• Customer:Job is a field

■ Text box
 Area within a field where information may be typed or inserted
• Area to be filled in to identify Customer:Job is a text box

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 AREAS USED IN INVOICE

Drop-down List
arrow
 Click to access a
drop-down list
Drop-down list
 Contains information
that may be used to
complete a field
 Click a name to
insert into field

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 INVOICE ICON BAR TABS

Click Invoice Icon Bar icons to

 Give commands
 Get information regarding linked or related transactions
Four Icon Bars Tabs available for Invoices:
 Main
 Formatting
 Send/Ship
 Reports

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 INVOICE ICON BAR TABS

Main

 Use to give basic commands  Mark as Pending

 Find  Print
 Email
 Previous
 Attach File
 Next  Add Time/Costs,
 New  Apply Credits
 Save  Receive Payments
 Delete  Create a Batch
 Create a Copy  Refund/Credit
 Memorize

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 INVOICE ICON BAR TABS

Formatting

 Use to
 Preview
 Manage Templates
 Download Templates
 Customize Data Layout
 Spelling
 Insert Line
 Delete Line
 Copy Line
 Paste Line
 Customize Design
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 INVOICE ICON BAR TABS

Reports

 Use to prepare reports for

 Quick Report
 Transaction History
 Transaction Journal
 View Open Invoices
 Sales By Customer Detail
 Average Days to Pay Summary

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 INVOICE BUTTONS

Invoice Buttons

 Save & Close

 Click to save invoice and exit Create Invoices screen
 Save & New
 Click to save invoice and go to a new invoice for completion
 Clear
 Click to clear information entered on current invoice

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 QUICKBOOKS LISTS

QuickBooks Lists are used to expedite

entering transactions
Lists are an integral part of program
There are lists for:
 Customers & Jobs
 Vendors
 Items & Services
 Chart of Accounts
 And Others

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 QUICKBOOKS LISTS:
CUSTOMERS & JOBS
Shown in Customer
Center
To view Customers &
Jobs List
 Click Customers button on
Home Page
Customers & Jobs List
= Accounts Receivable
Subsidiary Ledger

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 QUICKBOOKS LISTS:
VENDORS
Shown in Vendor
Center
To view Vendors List
 Click Vendors button on
Home Page
Vendors List =
Accounts Payable
Subsidiary Ledger

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 QUICKBOOKS LISTS:
ITEMS
To view Item List
 Click Items & Services icon in Company section of Home
Page
Item List shows
 Items available for sale
 Services performed by company

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 QUICKBOOKS LISTS:
CHART OF ACCOUNTS
To access Chart of
Accounts
 Click Chart of Accounts
icon on Home Page
OR
 Click Lists menu
 Click Chart of Accounts
Chart of Accounts =
General Ledger

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 QUICKBOOKS LISTS:
CHART OF ACCOUNTS
Each individual account has a register that
records all of account activity
 Note that PMT and INV are shown as two transaction types

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 QUICKBOOKS REPORTS CENTER

QuickBooks Report Center allows preparation

of all reports available in QuickBooks
Access Report Center
 Click Reports icon on Icon Bar
OR
 Click Reports on Menu bar
 Click Report Center

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 QUICKBOOKS REPORTS CENTER

Reports are organized by category

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 QUICKBOOKS REPORTS

To prepare Company and Financial Reports

 Click Company & Financial in Category list
Company & Financial has several
subcategories:
 Profit & Loss (Income Statement)
 Income & Expenses
 Balance Sheet & Net Worth
 Cash Flow
To display reports in Grid view, click Grid View
button

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 QUICKBOOKS REPORTS: BALANCE
SHEET
View a
Standard
Balance
Sheet
 Scroll down to
Balance Sheet &
Net Worth
section
 Click Run button
for Balance
Sheet Standard

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 QUICKBOOKS REPORTS: BALANCE
SHEET
View report (Notice cursor)

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 QUICKZOOM

To view transaction details for individual

accounts from Balance Sheet
 Position cursor over amount for Prepaid Insurance
 When cursor turns into double-click amount
 Transaction by Account report will be displayed

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 QUICKBOOKS REPORTS

To see a listing of reports for Company &

Financial in Report Center
 Click List View button

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 QUICKBOOKS REPORTS

Report
names and
brief
description
of each
report
shown

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 QUICKBOOKS GRAPHS

QuickBooks has graphs to show

 Net Worth
 Income & Expense Accounts
 Receivables
 Sales
Graphs are both bar charts and pie charts
Click Carousel View button

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 QUICKBOOKS GRAPHS

Scroll through reports to see example of Net

Worth Graph

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 QUICKBOOKS GRAPHS

View a Net Worth Graph

 Click Run at bottom of Net Worth Graph shown in Carousel view
 Report is displayed and shows a bar chart with information for
 Assets
 Liabilities
 Net Worth

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 QUICKMATH

To use QuickMath to calculate amounts on a

business form
For example, on an open Invoice:
 Click in Amount column
 Enter numbers 1 2 3
 Press +
 Enter next numbers
 Press +, etc.
 When finished press Enter to insert total

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 CLOSE SAMPLE COMPANY

To close Larry’s Landscaping, click File

menu, and Close Company

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 OPEN QUICKBOOKS AND COMPANY
FILE
After company files are downloaded, open
QuickBooks
On No Company Open screen, click button to
Open or restore an existing company

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 OPEN AND UPDATE COMPANY FILE

■ Make sure “Open a company file” is selected,

click Next button
 Remember: A usable company file has an extension of .qbw

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 OPEN COMPANY FILE

If need be, click location of your USB drive

Double-click QB 2015 Ch 1-4 Master Company Files
Click company file “Computer”
 Do not be concerned with date shown in Date modified

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 OPEN COMPANY FILE

Notice File type:

 QuickBooks Files (*.QBW, *QBA)
 .QBW
 Means QuickBooks Working file
 Is used to record all transactions for a company
 .QBA
 Is file used by company’s accountant

Click Open button

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 ADD YOUR NAME TO COMPANY
NAME
Click Company on Menu bar
Click My Company
Click Edit button
 In upper-right corner of My Company screen
Click to left of Student’s Name
Drag through words Student’s
Name to highlight

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 ADD YOUR NAME TO COMPANY
NAME
Type your actual name (author’s name is shown in
this example

Click Legal Information

Change legal name to Computer Consulting by
Your Name, click OK
Verify name change on title bar heading

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 CHANGE ACCOUNT NAMES

Click Lists on menu bar

Click Chart of Accounts
Scroll through accounts until you see
Company Cars
Click Company Cars

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 CHANGE ACCOUNT NAMES

Click Account button

Click Edit Account
 Keyboard shortcut is Ctrl+E

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 CHANGE ACCOUNT NAMES

Change Company Cars to Automobiles

Click Save & Close button

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 CHANGE ACCOUNT NAMES

Verify name change in Chart of Accounts

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 VIEW REPORT

Click Reports on icon bar to open Report Center

Click the icon for List View

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 VIEW REPORT

In list of report categories, click Accountant &

Taxes
Click Trial Balance
Click Run button
 Your dates will not be 12/1/2014-12/31/2014

Fadi Alshiyab
 VIEW REPORT

Press Tab key to highlight From

Key in date 01/01/15
Press Tab and key in To date of 01/01/15
Press Tab key until report is displayed
View Trial Balance
Verify account name of Automobiles
 Master or Controlling account Automobiles is shown with its
subaccounts that have a balance
 Account and its subaccount will be shown as Automobiles:
Original Cost

Fadi Alshiyab
 VIEW REPORT

Verify account name Automobiles: Original Cost

Close report and Report Center

Fadi Alshiyab
 VIEW COMPANY NAME ON TITLE BAR

Company name was changed before making

Computer (Backup Ch. 1) backup file
Restoring backup file kept company name
 Author’s name was used in example

Fadi Alshiyab
 VIEW CHART OF ACCOUNTS IN
RESTORED COMPANY FILE
When company file has been restored, click
Chart of Accounts icon on Home Page
 Account name changed after backup file Computer (Backup Ch. 1)
made
Chart of Accounts should show Company Cars
 Change to account name erased and “restored” to original

Fadi Alshiyab
 CLOSE COMPANY AND EXIT
QUICKBOOKS
To close company
 Click File on Menu bar
 Click Close Company
Click Close button to Close
QuickBooks

Fadi Alshiyab