This project relates to the following Course Learning Requirements:
CLR 1: Using accounting software, identify and use the basic features, modules, and aids to produce reliable and accurate financial information
CLR 2: Using accounting software, create a computerized accounting system for a new company
CLR 3: Using accounting software, record all transaction in the accounting cycle
CLR 5: Using accounting software, produce and export management reports and financial statements
Objective of this Project:
The objective of this project is to manage a hypothetical company’s QuickBooks account for a month using the knowledge from the first six (6) modules.
Instructions:
1. There will be NO Facilitator input and NO general discussion amount students on Brightspace.
2. The Late assignment policy is NOT applicable to this project. Failing to submit on time would result in a zero (0) grade.
3. The use of the textbook is allowed.
Project Scenario:
You have been helping Beautiful Blooms Floral Company switch to QuickBooks Online, and as their bookkeeper, you are asked to manage their account for August 2026. Chapter 7 describes the details of each transaction and task, as well as your role in processing this information in QuickBooks Online.
Project Tasks:
1. Open QuickBooks Online and load the Beautiful Blooms Floral Company file that you’ve been using in your previous assignments.
2. Confirm that you are starting with the correct balances.
a. Run a Profit and Loss Statement and a Balance Sheet report for 01/01/2026 through 31/07/2026.
b. Compare your results to the starting images in Chapter 7 (p. 175-176). Your reports should match these starting documents. If they do not, please adjust the values where necessary so that you’ll be able to report accurate values for your project.
3. As per the instructions in Chapter 7, input the transactions for each week and then generate the specified reports (deliverables).
4. In order to submit your Project into one excel workbook, you will need to cut and paste each report into ONE excel workbook.
5. Check to ensure that the asset and expense accounts have the correct debit balances.
6. Check to ensure that revenue and liabilities account have the correct credit balances.
Submissions:
You should be submitting ONE Excel file that contains one worksheet for each of the following reports (from the four sets of deliverables):
1. Sales by Customer Summary August 15, 2026
2. Transactions by Account – week of August 9 to 15, 2026
3. TD VISA Register
4. Sales by Customer Summary – August 22, 2026
5. Sales by Customer Summary – August 29, 2026
6. Sales by Customer Summary – August 2026
7. Balance Sheet – August 2026
8. Profit and Loss Statement – August 2026
You do NOT have to answer the ‘Look at the Big Picture’ questions at the end of Chapter 7.
>Midterm: Project 1 – All in a Day’s Work! [35%]
This project relates to the following Course Learning Requirements:
CLR 1: Using accounting software, identify and use the basic features, modules, and aids to produce reliable and accurate financial information
CLR 2: Using accounting software, create a computerized accounting system for a new company
CLR 3: Using accounting software, record all transaction in the accounting cycle
CLR 5: Using accounting software, produce and export management reports and financial statements
Objective of this Project:
The objective of this project is to manage a hypothetical company’s QuickBooks account for a month using the knowledge from the first six (6) modules.
Instructions:
1. There will be
NO Facilitator input and
NO general discussion amount students on Brightspace.
2. The Late assignment policy is
NOT applicable to this project. Failing to submit on time would result in a zero (0) grade.
3. The use of the textbook is allowed.
Project Scenario:
You have been helping Beautiful Blooms Floral Company switch to QuickBooks Online, and as their bookkeeper, you are asked to manage their account for August 2026.
Chapter 7 describes the details of each transaction and task, as well as your role in processing this information in QuickBooks Online.
Project Tasks:
1.
Open QuickBooks Online and load the Beautiful Blooms Floral Company file that you’ve been using in your previous assignments.
2. Confirm that you are starting with the correct balances.
a. Run a Profit and Loss Statement and a Balance Sheet report for 01/01/2026 through 31/07/2026.
b. Compare your results to the starting images in Chapter 7 (p. 175-176). Your reports should match these starting documents. If they do not, please adjust the values where necessary so that you’ll be able to report accurate values for your project.
3. As per the instructions in
Chapter 7, input the transactions for each week and then generate the specified reports (deliverables).
4. In order to submit your Project into one excel workbook, you will need to cut and paste each report into
ONE excel workbook.
5. Check to ensure that the asset and expense accounts have the correct debit balances.
6. Check to ensure that revenue and liabilities account have the correct credit balances.
Submissions:
You should be submitting
ONE Excel file that contains one worksheet for each of the following reports (from the four sets of deliverables):
1.
Sales by Customer Summary August 15, 2026
2.
Transactions by Account – week of August 9 to 15, 2026
3.
TD VISA Register
4.
Sales by Customer Summary – August 22, 2026
5.
Sales by Customer Summary – August 29, 2026
6.
Sales by Customer Summary – August 2026
7.
Balance Sheet – August 2026
8.
Profit and Loss Statement – August 2026
You do
NOT
have to answer the ‘Look at the Big Picture’ questions at the end of Chapter 7.
Save file as:
D7 Beautiful Blooms Floral Co Report Name – Student Name
Scoring Rubric – Midterm Project [35%]:
ITEM
REQUIREMENTS
MARKS
1
Balance Sheet
– Heading is complete with Company Name, Name of report and date centered at the top three lines
– All accounts with balances are included
– All assets have a debit balance
– All liabilities and capital have a credit balance
– Totals are equal
– Totals have a single line above and double line under
/25
2
Profit & Loss Statement
– Heading is complete with Company Name, Name of report and date centered at the top three lines
– All accounts with balances are included
– All expenses have a debit column
– All revenues have a credit column
– Totals are equal
– Totals have a single line above and double line under
/15
3
Transaction by Account
– Heading is complete with Company Name, Name of report and date centered at the top three lines
– All required accounts are included
– All accounts have running balances
– All accounts have a balance
– Totals have a single line above and double line under
/20
4
TD Visa Register
– Heading is complete with Company Name, Name of report at the top three lines
– All Payees are included
– All accounts balances are included
– All reconciliations statuses are included
– Types of accounts is included
/15
5
Sales by Customer Summary August 15, 2026
– Heading is complete with Company Name, Name of report at the top three lines
– All accounts are included
– All balances are included and are correct
/5
6
Sales by Customer Summary – August 22, 2026
– Heading is complete with Company Name, Name of report at the top three lines
– All accounts are included
– All balances are included and are correct
/5
7
Sales by Customer Summary – August 29, 2026
– Heading is complete with Company Name, Name of report at the top three lines
– All accounts are included
– All balances are included and are correct
/5
8
Sales by Customer Summary – August 2026
– Heading is complete with Company Name, Name of report at the top three lines
– All accounts are included
– All balances are included and are correct
/5
Format
– Assignment submitted in Excel Format
– All reports included in ONE workbook
– All required reports included
– Consistent format through workbook
/5
Total Marks:
/100
2
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