Assignment 2: QuickBooks 2014 Project
Due Week 10 and worth 250 points
Assignment 2 is based upon the completion of the Live Project – QuickBooks in Action (located in Chapter 13). This project will have you assuming the role of a consultant providing QuickBooks consulting services to a client. Your professor will provide a sample client to use for this project. As you work through the project, you will see there are seven (7) deliverables / milestones, of which only five (5) will be completed for this assignment: Milestone 1. Develop at least a five (5) page proposal for your project. In this milestone, your professor will provide a sample of a real-world client that needs assistance in establishing an accounting system using QuickBooks. Your professor will also provide you with some information about the client so you can develop a plan for a QuickBooks accounting system that will meet the client’s needs. Note: The title page, references, appendix, etc. are not included in the required page length. Milestone 2. Develop a prototype or sample QuickBooks accounting system for the client. Set up a company in QuickBooks with a sample chart of accounts and enter beginning balances for the accounts. Milestone 3. Develop sample QuickBooks lists for customers, vendors, items, and employees. Milestone 4. Enter a list of sample transactions that were used to test the prototype and a series of QuickBooks reports that show their results. Milestone 5. Provide a one (1) page summary in which you:
a. Identify at least three (3) reports per area: Bills and Collections; Invoicing and Payments; Payroll; and Financial Reporting.
b. For each area, describe the key benefits that the reports will provide.
c. For each area, determine who will be using the reports and the frequency (e.g., ad hoc, daily, weekly, monthly, etc.) of their use.
Note : Students will not be completing Milestones 6 and 7.
Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are: Discuss how automated accounting software can help management make better informed business decisions. Create and maintain accounting records with QuickBooks. Generate financial reports for most small- to medium-sized businesses with QuickBooks. Convert a manual-based accounting system to QuickBooks. Use technology and information resources to research issues in microcomputer applications for accountants. Write clearly and concisely about microcomputer applications for accountants using proper writing mechanics.