|
|
The Desktop AccountantQuickBooks® Tips for Accountants, Consultants and Power Users |
| The Sleeter Group, Inc. |
March 2002
|
| Doug Sleeter, Editor |
|
Seminar Schedule
for 2002!
The Sleeter Group will present 49 seminars in 30 cities during 2002. Visit our website to view a schedule of locations and dates. Then, plan to attend when we will be in a town near you, or join us for our Special 2002 location in Maui during August. Let us keep you up-to-date annually with what you need to know about QuickBooks Technology and Managing and Marketing your Practice. It is our way of “Helping You Help Small Businesses!” For complete details visit our website. |
|
 |
Advertisement State Payroll reporting Software supports QuickBooks®
and QuickPayroll® Products. |
|
In This Issue
|
|
Closing the Year
in QuickBooks |
|
Closing the Year in QuickBooks® By Douglas Sleeter and Joe Woodard In this article: Closing
the Accounting Period At the end of each year, QuickBooks automatically enters an adjusting entry to your income and expense accounts, posting the net income into Retained Earnings (or Owner’s Equity). This entry is known as the closing entry. In fact, QuickBooks never really creates a transaction for the closing entry, but when you create a Balance Sheet, QuickBooks calculates the balance in Retained Earnings by adding together the total net income for all prior years. At the end of each fiscal year (determined by the “First month in your fiscal year” field in the company information screen), QuickBooks automatically transfers the net income into Retained Earnings. <Read more> |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
Mandy Cohen Name: Mandy Cohen |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Mandy Cohen found her passion for accounting when she transferred into a bookkeeping class during her sophomore year of high school. While others moaned about the debits and credits, Mandy intuitively grasped the concepts. In 1975 she landed her first job in public accounting. By 1983, she and her husband Steve Cohen started their own CPA practice in Burlingame. During the 1980's she was a Qualified Installer for AccPac Plus accounting software and in the 1990's she (and the rest of the world) discovered QuickBooks. Mandy utilized Doug Sleeter's classes when he was still teaching the end users. Thrilled when Doug changed his focus to the consultants, Mandy eagerly embraced The Sleeter Group's Certified Consultants Network. Prodded by Mandy's thirst for professional growth, Cohen & Associates has engaged the services of Results Accountants System (now RAN-One), Mentor Plus and The E-Myth Academy over the years to augment their technical skills with business development tools. As Cohen & Associates' mission statement reads "We are inspired to create compelling reasons for our clients to do business with us." <Read more> To find a Sleeter Group Certified Consultant in your area, visit www.sleeter.com and click "Find a Certified QuickBooks Consultant" on our home page. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
The 2002 Seminar Schedule has been confirmed.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other News from The Sleeter Group |
|
|
|
Advertise HERE!
This could be your ad being read by thousands of newsletter subscribers...contact the advertising department at The Sleeter Group, 888-484-5484 or email for more details. Mention you saw this for a discount on your first ad placement.
 |
Learn
More About the
|
|
Newsletter design by Sprezzatura Systems, Inc. Subscription information |
|
Copyright 2002 The Sleeter Group, Inc. This newsletter may be forwarded intact to friends and associates you think would enjoy it. Thanks! |
