Bookkeeping Assignment 1

For this assignment, you’ll be using a Sample Company found on this link: https://qbo.intuit.com/redir/testdrive

Follow the instructions below and take screenshots as you go, to upload as portfolio items. Use the current month and current year for the dates.

Note that the changes you make will not automatically get saved on the QuickBooks Online Test Drive so be sure to take screenshots as you go. (Be careful not to close out of your screen until you have all the screenshots.) 

“Hi! My name is Craig and I own a small business called Craig’s Design and Landscaping Services. My previous bookkeeper used QB Online to record my business transactions but she’s currently on Maternity leave.

I prefer displaying my customers’ business names and all of their invoices are due within 7 days of any completed landscaping work. Please help me record these transactions:

1. I acquired 2 new customers last week.

Anna’s Cakeshop
12th Floor, Frost Building
Beverly Hills, California 90210

Owner: Anna Perez
Email:[email protected]
Phone: 5714305891

Pays using a check

Markie Barkie Pet Shop
201 G/F Skytrack Mall
Tucson, Arizona 85750

Owner: Mark Anthony
Email:[email protected]
Phone: 5712019302

Pays online using his American Express card
Credit card:378574850686476
Expires: June 2021

Take a screenshot of the newly added customers on QBO.

2. Today, I received a check from Paulsen Medical Supplies for $954.75. Enter this transaction in QBO.

3. My crew has just finished some basic work for Mark Anthony’s pet garden. The initial work involved 7 installations of Landscape Design ($50 per installation)and 75 Garden Rocks (22.50 each). Create an invoice to bill Mark for this first project. (Remember to apply the tax rate for Tucson because Markie is from Tucson and not from California.)

4. I recently had 100 promotional flyers for my Summer Sale event. I just got a bill from Lee Advertising for $250 which was due upon receipt.  I immediately paid it using my credit card. Enter this transaction on QBO.

5. I made a payment using my Mastercard to Norton Lumber and Building Materials for $103.55, match this transaction to a bill payment.

6. Add the $150 I spent for Lara’s Lamination to Advertising Expense.

7. Mark Cho sent a payment of $300 using his Mastercard: 5105105105105100 (use any future date for the expiration). After this payment, he still owes me $14.28.

8. Print my financial reports and take a screenshot of each.

• Print last month’s Balance Sheet for my company and take a screenshot.
• Print my year-to-date expenses by Vendor and take a screenshot.
• Print my year-to-date Profit and Loss Statement.
• Print my last quarter’s Company Snapshot and take a screenshot.
• List the current year's sales taxes by quarter  and take a screenshot."