Assignment is based upon the completion of the Live Project - QuickBooks in Action. This project will have you assuming the role of a consultant providing QuickBooks consulting services to a client. Your professor will provide a sample client to use for this project. As you work through the project, you will see there are seven deliverables / milestones, of which only five will be completed for this assignment:
1. Milestone 1. Develop at least a five page proposal for your project. In this milestone, your professor will provide a sample of a real-world client that needs assistance in establishing an accounting system using QuickBooks. Your professor will also provide you with some information about the client so you can develop a plan for a QuickBooks accounting system that will meet the client's needs. Note: The title page, references, appendix, etc. are not included in the required page length.
2. Milestone 2. Develop a prototype or sample QuickBooks accounting system for the client. Set up a company in QuickBooks with a sample chart of accounts and enter beginning balances for the accounts.
3. Milestone 3. Develop sample QuickBooks lists for customers, vendors, items, and employees.
4. Milestone 4. Enter a list of sample transactions that were used to test the prototype and a series of QuickBooks reports that show their results.
5. Milestone 5. Provide a one page summary in which you:
a. Identify at least three reports per area: Bills and Collections; Invoicing and Payments; Payroll; and Financial Reporting.
b. For each area, describe the key benefits that the reports will provide.
c. For each area, determine who will be using the reports and the frequency (e.g., ad hoc, daily, weekly, monthly, etc.) of their use.