QuickBooks Individual Assignment

Open the QuickBooks Sample Company - Product

Provide an example from QuickBooks toillustrate the items below

Automatic entry

Automatic calculation

Automatic posting

Access controls

Explore the reports for this company

Which report would you use to answer the following questions?

Which report would be the most similar to the accounts receivable subsidiary ledger?Answer:_________________________________________________________

What report shows items ordered but not received from vendors?Answer:__________________________

How helpful is an AP Aging Summary report in helping to make sure that bills are paid by the discountdate?Why or why not? Explain your answer:__________________________

Which one report best reflects our product mix percentage (% of sales for each item) of items sold?Answer:__________________________

Which report is the best for using to count all items in inventory?Answer:__________________________

Which report best reflects specific items we still need to ship to customers?Answer: __________________________

Which report would best help someone in the credit department?Answer:__________________________

Which report would show me which customers were most profitable?Answer: ________________________________________________________

Imagine you are the CFO of a company. Which FIVE reports would you consider the most important forillustrating the health of a company? Why did you choose those reports?