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Farm Branch Rentals needs some assistance in adding 2 new vendors & 2 new customers. Please add the following vendors and customers beginning balances to the company within Quickbooks. Be sure to incl
Farm Branch Rentals needs some assistance in adding 2 new vendors & 2 new customers. Please add the following vendors and customers beginning balances to the company within Quickbooks. Be sure to include the balances as of December 1, 2015.
LMNOP Rental
- 4537 White Road
- Siler City, NC 36647
- Phone Number: 252-876-9987
- Contact: Tim Waltz
- Vendor Type: Supply
- Account Balance: $2359
HJW Reality
- 543 Mill Lane
- Smithfield, NC 65343
- Phone Number: 252-667-9833
- Contact: Nicole Smith
- Vendor Type: Supply
- Account Balance: $765
Geller Construction Company
- 76 Rock Quarry Road
- Smithfield, NC 65463
- Phone Number: 252-876-0032
- Contact: Kevin Lowe
- Customer
- Account Balance: $2134
Rocks Etc.
- 712 Hwy 158 E
- Siler City, NC 77634
- Phone Number: 252-443-0976
- Contact: Justin Tart
- Customer
- Account Balance: $543
After adding the vendors & customers, provide a report that explains the steps in detail, with screenshots showing how to add the vendors & the customers in the software.
Submit the following for this assignment:
- A memo of 350-500 words to Farm Branch Rentals that covers the following:
- Explains the steps for setting up vendors & customers
- Use screenshots to show how to add the vendors & customers in the software.Include the required items that are needed and other items that you think of that would be helpful in properly adding vendors & customers.
- What the aged-payables & aged-receivables reports are.
- How they might be used to make management decisions from both the view of internal and external users.
- Include how the reports would be used to make management decisions for the business.
- Explains the steps for setting up vendors & customers
- Include an aged-accounts payable report showing the correct set up of the vendor accounts.
- Include the beginning balances for these accounts as of December 31, 2015.
- Save the aged-payables report as a PDF document named P3-IP1_AP_LASTNAME.
- Include an aged-accounts receivables report showing the correct set up of the customer accounts.
- Include the beginning balances for these accounts as of December 31, 2015.
- Save the aged-receivables report as a PDF document named P3-IP1_AR_LASTNAME