QuickBooks Desktop 2021 #2 Enter First Month Data

This is the second in a series of courses covering QuickBooks Desktop Pro 2021; comprehensively.

We will create a new company file and populate it with two months of data input.

The data input will cover every major form in each operating cycle, the revenue cycle, the payables cycle, and the payroll cycle. The major operating cycles may also be grouped as the customer cycle, the vendor cycle, and the employee cycle.

As we enter financial transactions, populating forms, we will analyze the impact on the financial statement and related reports.

Entering two months of data will allow us to see the difference in complexity of entering data for the first month of operations, a time when we have no historical data to follow, and entering data in following months, a time when we do have prior history and transactions to help simplify the process.