6b Chapter 8 Part 2 Instructions

>>[Samantha Pugliese] Chapter 8 part 2, so for
chapter 8 part 2 I'd like you to do two things.

Number one, I'd like you to answer
these couple matching questions here.

And then just a little modification
on the case this time.

Unfortunately, because this case that we're
working on is all working in the year 2018,

there's a limitation in QuickBooks online where
you can't create a budget for fiscal year 2018.

And that didn't happen until it became
the year 2020, so in 2019 it was still there.

But, now that it's 2020 that option no
longer exists. So, that's one of the things.

If you end up using QuickBooks
online in your professional career

there's going to be a lot of things
that you're going to really love about it.

You can access it from anywhere,
it's super user-friendly, it's fantastic.

But, the thing that for me gets annoying
is they are constantly updating it,

and constantly changing it.

So, something that is there will
all of a sudden not be there.

Or they'll change the location of something
or they'll slightly change the formatting.

So, it's just kind of something that we have
to live with working with QuickBooks online,

but what it did for us in this case is it
makes it so we can't do a couple things.

So, for case 1, working in your own books,
remembering to pay really close attention to dates,

you can still do number 1, you can still do
number 2--that's just adding some invoices.

But, then when you go down
to Creating Your Budgets,

unfortunately you're not going to be able
to create your budgets for fiscal year 2018.

The system is not going to let you.
So, skip number 3, skip number 4.

Well, actually...

Let me take that back. I just realized something.
So, you can still create the budget.

But, you just won't be able to
create a budget vs. actual.

So, it's still good practice for
you to create the budget,

but you just won't have anything to compare
that to. So, you CAN do number 3.

Sorry about that.
So, you can do number 3.

You're going to end up being able
to create this report right here.

But, then the only thing that you won't be able
to do is create this Budget vs. Actual report.

So, you won't be able to do
this for fiscal year 2018,

but the system would let you do it for
fiscal year 2019. So, I'll leave it up to you.

If you want the extra practice entering in the
budget, you can create one for fiscal year 2019.

Or if you want to skip it, that's fine, too, because
QuickBooks online makes it a little bit tricky.

So, I'll leave it up to you. You can
do it, or you can leave it out.

Most of you are probably
going to leave it out.

And also, too, if you want more practice you
can always poke around in the test database.

So, I apologize, you won't get the experience
of creating this Budget vs. Actual report,

but it'll be ok. And then I'd like you
to continue to do everything else.

You can reconcile the checking account, and
then the only thing that I'm going to need you

to turn in for chapter 8 part 2
is this Reconciliation Report

that you generate after reconciling the checking
account. So, just turn that in, in PDF form,

and then also the answers to the matching
questions and then we're good to go.