By Stephanie Murphy
A step by step advisor to monitoring profit and costs, QuickBooks for the eating place presents distinct directions on how one can practice a number of the features of QuickBooks to regulate expenditures, bring up gains, and make trained administration judgements. This complete advisor comprises sensible and practical eventualities and perform issues of a bit at the simulated monetary task of a regular eating place operation. filled with worthwhile accounting suggestion, QuickBooks assistance, and eventualities, this booklet demonstrates the right way to hire essentially the most favourite accounting functions to make sure the monetary luck of all kinds of foodservice operations.Note: CD-ROM/DVD and different supplementary fabrics will not be integrated as a part of booklet dossier.
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Extra info for QuickBooks for the Restaurant
The industry type cannot be changed. indd 13 12/22/08 10:35:47 AM 14 Chapter 2 ᭤ Setting Up Your Restaurant in QuickBooks Click Next. For Company Organization, select Corporation. The business type depends on the business and the personal objectives of the owner. QuickBooks associates income and expense accounts to specific lines on different tax forms. These tax forms are based on business type. QuickBooks will assign Form 1120 to a Corporation, whereas Form 1065 is assigned to a Partnership. QuickBooks offers the following business types: Sole Proprietorship: An unincorporated business with one owner (Form 1040).
Reports & Graphs Preferences Select Reports & Graphs. Click the Company Preferences tab (see Figure 2-7). Figure 2-7. indd 24 12/22/08 10:35:53 AM Establishing Company Preferences TIP 25 ACCOUNTING TIP Accrual basis accounting records revenue when it is earned and expenses when they are incurred. Cash basis accounting records revenue when the cash is received and expenses when cash is disbursed. Make sure Accrual is selected for the Summary Reports Basis in the window. Sales & Customers Preferences Select Sales & Customers.
Adding additional employee records and payroll processing are addressed in Chapter 6. indd 44 12/22/08 10:36:16 AM C H A P T E R Working with Lists 3 Access the Chapter 3 data file from the CD-ROM that accompanies this book or download the file from the web site. Chapter Outline Using Lists Using the Chart of Accounts Creating and Editing Accounts Deleting Accounts Making an Account Inactive Creating a Vendor from the Vendor Center Creating a Customer from the Customer Center Creating an Item Editing and Deleting a Vendor, Customer, and Item Identifying the Role of Classes Preparing Lists Chapter Review Problems Using Lists QuickBooks lists enable the user to organize, store, and report on specific information about the business.
QuickBooks for the Restaurant by Stephanie Murphy