BA 160 - Computerized Accounting I

1. Apply accounting principles: Process business transactions using computerized systems.
2. Record transactions: Manage cash, receivables, payables, and payroll.
3. Generate reports: Prepare financial statements and management reports.
4. Perform reconciliations: Complete bank reconciliations and resolve discrepancies.
5. Import data: Import charts of accounts and customer/vendor lists.
6. Integrate apps: Connect third-party apps for additional functionality.
7. Analyze data: Interpret financial data for informed decision-making.

• Navigating settings and features
• Creating and modifying the Chart of Accounts

II. Entering Transactions

• Banking, customer, vendor, and employee transactions

III. Banking

• Deposits, checks, and matching bank transactions
• Bank reconciliations

IV. Customers and Sales

• Managing customer records and service items
• Importing customer lists
• Entering customer transactions

V. Vendors and Expenses

• Managing vendor records
• Importing vendor lists
• Entering vendor transactions

VI. Inventory

• Managing inventory items
• Transactions for purchasing and selling inventory (including taxable sales)

VII. Payroll

• Adding employees and contractors
• Tracking hours and processing payroll
• Generating payroll reports

VIII. Data Integration

• Importing charts of accounts, customer, and vendor lists
• Connecting and utilizing third-party apps

IX. Accounting Cycle and Reporting

• Review of the accounting cycle
• Entering adjusting entries
• Creating and interpreting financial statements and reports