Extend Your Skills By Arlanie Cervantes

Extend Your Skills You've been hired by Arlaine Cervantes to help her with her organization's books. She is the founder of Nios del Lago, a nonprofit organization that provides impoverished Guatemalan children with an engaging educational camp experience. In each chapter, you will sit down at your desk and open a large envelope with a variety of documents as well as emails from Arlaine. It's your job to sort through the papers and emails and make sense of what you find, entering information into QuickBooks as appropriate and answering any questions posed. Remember, you're dealing with random papers dumped out of an envelope and various emails, so part of your challenge is determining the order in which to complete the tasks. In this first chapter, you will determine which QuickBooks edition is best for Nios del Lago and make other decisions regarding how to use QuickBooks, including devising a backup plan. Think of the preliminary steps necessary to create and start using QuickBooks to track your new company, Open CH01_EYS_Preliminary Steps Worksheet and complete all fields. Preliminary Steps Worksheet QuickBooks Desktop Extend Your Skills, Chapter 1 Nios del Lago Your Responses What version of QuickBooks is best suited for this company? To what drive and folder should you save your company file? Where should the company file be backed up? How often should the company file be backed up? List five accounts, one for each of the main account types, and indicate their normal balances. (Hint: Utilities is an example of an Expense account.) Account Normal Balance