Accounting Software Solutions

This class was created by Brainscape user ERINNE PERRY.

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Decks in this class (8)

Chapter 3 – Setting Up a New Company: Chart of Accounts, Beginning Balances, Customers, Vendors, and Products/Services
This deck is designed to reinforce and solidify your understanding of Chapter 3 in QuickBooks Online (Cengage 2026). You will practice the foundational steps of company setup, including the chart of accounts, beginning balances, customers, vendors, and products and services. The flashcards move from recall to applied scenarios, giving you repeated exposure to the core concepts while highlighting common traps. By working through this deck, you will strengthen mastery of Chapter 3 material and dev
30  cards
Chapter 4 – Recording Operating Activities: Sales and Cash Receipts
This deck is designed to reinforce your understanding of Chapter 4: Recording Operating Activities. You will practice how sales and cash receipts are recorded, distinguish between invoices and sales receipts, and learn how customer payments affect accounts and reports. The flashcards move from simple recall to applied scenarios, helping you avoid common traps and strengthen accuracy in recording day-to-day business transactions. By working through this deck, you will solidify Chapter 4 content a
30  cards
Chapter 5 - Recording Operating Activities: Purchases and Cash Payments
This deck is designed to reinforce your understanding of Chapter 5: Recording Operating Activities related to purchases and cash payments. You will review how to set up vendors, record bills, track payments, and distinguish between expenses and liabilities. The flashcards progress from recall to applied practice, strengthening your ability to identify common errors and avoid misconceptions. By completing this deck, you will master the Chapter 5 material and gain the confidence to record purchasi
30  cards
Chapter 6 - Recording Investing & Financing Activities
Define investing activities in th...,
Define financing activities and g...,
State the o i f mnemonic for clas...
30  cards
Chapter 7: Recording Payroll
What does gross pay represent in ...,
Define net pay 2,
What law authorizes social securi...
30  cards
Chapter 8: Establishing Budgets and Preparing Bank Reconciliation
What is a budget in accounting 1,
What is the primary purpose of pr...,
What is a master budget 3
30  cards
Chapter 9: Analysis and Recording of Adjusting Entries
Master how to analyze accounts, identify what needs adjustment, and record accurate adjusting entries to ensure financial statements reflect true performance. Designed for accounting students, QuickBooks learners, and future professionals who want to bridge textbook concepts with real-world closing procedures.
30  cards
Chapter 10: Preparing Financial Statements and Reports
What is the primary purpose of th...,
Which three financial statements ...,
What does the balance sheet revea...
30  cards

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Accounting Software Solutions

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