Question
Unit 1: Comprehensive Learning Project Putting It All Together Case Study: Baked Caf As owner of the Baked Caf, you've already purchased QuickBooks 2018 and
Unit 1: Comprehensive Learning Project
Putting It All Together
Case Study: Baked Caf
As owner of the Baked Caf, you've already purchased QuickBooks 2018 and
have set up your company. You've been getting used to QuickBooks and
familiarizing yourself with its capabilities. You've also been gaining a better
understanding of how to use QuickBooks to create reports that give you a
detailed picture of the health of your company.
While catching up on some transactions that were never entered into
QuickBooks, you will be making decisions and continuing to move forward as new business comes in
1.Run a Balance Sheet Standard report as of 03/31/2023 to ensure that your accounts are in
balance. Name the file M.Soto Proj01 Balance Sheet Standard. (Use your name instead of
"M.Soto".)
2. Run the P&L by Class report for March to review your revenue streams. Switch betweeen the
cash and accrual methods to see that the numbers differ. The voided deposit for Shoreline
Advertising Group was for an invoice in February and therefore will not show up when you
switch to the accrual basis. While in the cash method, you can drill down on the Sales Income
and again on the $790 amount if you want to trace it back. Save the P&L by Class (accrual
method) and name the file M.Soto Proj01 Income Statement. (Use your name instead of
"M.Soto".)
3. Run the Profit & Loss by Job report for all dates. Save the report as M.Soto Proj01 Income
Statement by Job. (Use your name instead of "M.Soto".)
4. Close the company file in QuickBooks then exit QuickBooks.
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