11An Interactive Tour ofQuickBooksAccountantChapters 1–5 are designed to help studentsget a top-down view ofQuickBooks Accountantas a user-oriented accounting program. Students can be expected to work through these on their own. InChapter 1, students learn, in an interactive way, basicQuickBooks Accountantterminology, basic filemanagement inQuickBooks Accountant, navigation techniques, and other essential skills such asprinting and correcting mistakes.CHAPTER 1 QUESTIONS1.QuickBooks Accountantis used as an automated accounting information system that can helpdescribe an entity’s financial position and operating results. Like any accounting system,QuickBooks Accountantcan be used as an information tool to help make better decisions and helpfacilitate business record keeping and management.QuickBooks Accountantcan be used to invoicecustomers, maintain receivables, pay bills, maintain accounts payable, track inventory, and createpurchase orders.2.QuickBooks Accountant’s four basic features are lists, forms, registers, and reports and graphs.3.Lists are used to manage names and related information on such things as customers, vendors,employees, inventory, and accounts, to name a few.4.Forms are used to record business activities such as a sale on account (customer invoice), apurchase (vendor bill), or a payment (check).5.The customer invoice, vendor bill, and check are three forms used inQuickBooks Accountant.6.Registers are used inQuickBooks Accountantto summarize all financial activity for specificbalance sheet accounts such as checking, accounts receivable, inventory, and accounts payable.7.Reports and graphs are used to present financial position and operating results of a company in away that makes business decisionmaking easier.8.Centersprovide quick access to commonly used activities and reports.9.In order to be printed inQuickBooks Accountant, a report must first be created using the Reportsmenu,andthen printed with the Print button on the Button bar.Preview Mode
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