From Hollywood it's time now for Johnny dollar This is Joe McNab Johnny try eastern indefinity. Oh, hi Joe. What's up? The Star of Cape Town Star of Cape Town Constellation Celebrity or ship wrong three times the star of Cape Town is a diamond about the size of a jumbo olive Oh sounds like it to make a nice ornament for a martini except I'm strictly a limit peel man Oh, this is serious Johnny. I'd like you to take a look at it. Now. What's so interesting about it except It's probably worth a hundred thousand dollars make it a hundred years this stone. I'd like to see where is it? Star of Cape Hey, wait a minute in Cape Town, South Africa. That's right. I'll be right over Tonight in every weekday night Bob Bailey in the transcribed adventures of the man with the action-packed expense account America's fabulous freelance insurance Investigator yours truly Johnny dollar Expense account submitted by special investigator Johnny dollar to try eastern indemnity associates home office Following is an accounting of expenses incurred during my investigation of the star of Cape Town matter Expense account item one a dollar fifty cab fare from my apartment of the office of tri-eastern indemnity associates Joe McNab was waiting for me Sit down Johnny. Thanks So what about the star of Cape Town sounds interesting you're interested. We're worried. What about ever here of Andrew Lening Forbes the third Orbs Forbes seems to me have seen his picture in the papers a couple of times International playboy type isn't he that's the one he owns the star of Cape Town now inherited the stone after the recent death of his aunt Oh Johnny like I told you we've got that diamond insured for a hundred and fifty thousand bucks But Forbes treats it like it was a ten cent store hunk of costume jewelry What do you mean? He cuts it from place to place wherever he goes Paris Rome the Riviera you name it He's been there and so is the star of Cape Town. Oh, you mean all he keeps it in hotels safe stuff like that But that isn't good enough We want him to put it in permanent custody somewhere See your point, but he won't seem to listen to reason and right now. It's a particularly bad period for us I'll come Forbes seems to be in one of his party-giving moods He has him every once in a while about three weeks at a time a big party every night wherever he happens to be Then he quiets down for a month or two probably resting up But how how come he's in Cape Town now who knows who knows why he goes anywhere He does brother sounds like a real character Yeah But what we want you to do is to talk him out of being a character long enough to put that diamond in a safe place And to keep an eye on it until he does We got a plane reservation for you tonight at midnight tonight not just a minute. Look if it's the money You're worried about don't be this means a lot to us. We're willing to pay accordingly So you may not believe this but I wasn't thinking about the money then what those three men who got killed over that diamond You told me about them over the phone. Oh that look the diamonds 50 years old those three killings were 20 30 years ago Just the same three is always a crowd and I wouldn't like to see it increased by one Expense account item two three sixty camp fair to my apartment a pack and then to the airport Where Joe McNabb met me and told me three tired jokes in two minutes in a very subtle attempt to keep my mind off the three dead men as He gently steered me to the plane Item three plane fair to Cape Town, South Africa The plane came in over Cape Town in the early afternoon Off to one side toward the famous Devil's Peak and down below the bay glittered like yeah It looked like everything was trying to remind me of that diamond As if I could forget a stone worthy of a hundred and fifty thousand in the lives of three people Item five care fair to the residents of Andrew lining Forbes the third. He'd rented a mansion on the side of a hill I was ushered onto a terrace overlooking the city in the bay For us was waiting for me with a drink in his hand He was a thin-faced elegant tired-looking character whose deep tan didn't hide the lines on his face He could have been anywhere from 35 to 50 Yeah, how have you a drink dollar? Well, a little early in the afternoon isn't oh is it I might cool you off. Okay, thanks Say it's a quite a place you have it here. It's adequate You seem amused. Well, there must be 15 16 runs at least roughly Adequate seems kind of like another statement quite possibly Yeah, why thanks Look dollar was very thoughtful of the insurance company to send you all the way down here, but also it was Wouldn't unnecessary be the word That depends mr. Forbes. What do you mean? The company I represent is pretty chittery over that diameter yours the star of Cape Town. Mm-hmm. Would you like to see it? Well, yes, but I think we ought to here it is You carry it around in your pocket. Why not? I have no holes in my pockets. Oh now look for Oh, no, no, no, I'm really not as bad as that dollar. I was expecting you so I thought I'd play a little joke on you Mr. Forbes that kind of humor shortens my life. Yeah Well, I suppose it was a bit cruel Well, there it is. What do you think of it? McNab said it was the size of a jumbo olive Looks more like a golf ball to me quite vulgar, isn't it?  Yeah, all of them glittering all of them cold all of them surface Rather like life. Don't you think? Look Mr. Forbes if you don't mind let's skip the philosophy for a minute and talk about the diamond.  Will you come with me? Sure this way I have a very efficient wall safe my bedroom in here So you see I do take precautions Here we are Yeah Are you reassured now? No, your bedroom opens off the terrace It'll be too easy for somebody to get at that safe very well, Mr. Dollar and after tonight I should place the diamond in a bank vault. That's the best news. I've had all day. Yes Tonight's party will be my last for a while party for Agatha. Who's Agatha? Oh, she's my older sister She's on a world tour arriving here in Cape Town later this afternoon. I'm gonna surprise her Hey, wait a minute. You came all the way here to Cape Town to throw a surprise party for your sister Well, it wasn't doing anything else at the moment. Why not? Well, I could think of a couple of reasons, but they probably wouldn't sound convincing to you probably not Although they probably would sound convincing to Agatha. Oh She and I are quite different half the time she worries about me and the other half the time she disapproves of me She consists of quite beneath the dignity of the Forbes name for me to go popping around from place to place like this I see She's quite devoted to the cause of the Forbes name To make sure it keeps standing for well, whatever it's supposed to stand for I was never quite sure of myself So you're giving her a surprise party tonight. Was she like the idea? Probably not. That's what makes it fun. Oh, by the way, would you like to come? Well under the circumstances, I think I'd better I I wonder if I could have a guest list. A guest list? Oh, good heavens You mean you don't have one? Of course not. I just invite people here and there wait to see who turns up Then you don't have any idea who all's coming Absolutely not. That's the only thing that makes these parties worthwhile. Oh great a Character with a coin habit of carrying his diamond in his pocket throwing a party where he didn't know who was coming This was a situation not calculated to help my peace of mind. Believe me Form said his driver take me back to town I stopped along the way at police headquarters and talked to lieutenant van tile who agreed to furnish a man to help me Keep an eye on the party Expensive con item six cab fare bank out to Forbes house that evening for the party. I Thought I was getting there early, but there were already quite a few people about a stocky bartender shoved a drink in my hand as I walked in and I took a look around quite a brawl Then I spotted the girl with honey-colored hair and a green dress that matched her eyes Well, it was as good a place to start as any Hi, my name is Johnny. I know I'm Sheila your friend of Forbes My you are new around here, aren't you? What do you mean? You'll find me at most of Andy's parties He ranges my transportation See do you What's your excuse for being here in this gay mad throng? You know a friend too matter of fact No, I just met him this afternoon and he invited me to come that's par for the course Now force I'm glad you two have gotten acquainted enjoying yourself Sheila delirious She wonderful Johnny. She's always so gracefully bored. You see Johnny. I perform quite a useful function around here I'm always good for laughs Yeah, well Is your sister enjoying the party for Agatha? I of course not haven't you met her yet John? No, no She's over by the window the thin aristocratic tired looking lady. Oh, yeah Yeah, I see what you mean. Well, that's her look at the stain She thoroughly disapproves of this whole party and of me of course and of me Come along Johnny. I'd like you to meet Agatha. Oh, you're taking a chance.  Thanks. I guess she thoroughly approved I I seem to have another guest arriving. Would you two excuse me? I'll introduce you to Agatha later Johnny Sure the perfect host when he wants to be Who's the new arrival her name is Helen and he met her a day or two ago Well, I'll say this for her. Yes, isn't she? Sorry, don't be I'm used to it. You know something Sheila. I don't get you No, I'm not so hard to figure out Johnny. I think you are you don't like these parties any more than Agatha Watch it Johnny you start comparing me to her and she's going to disapprove of you, okay? But I still don't get it. You don't like the parties or forms of the friends that you keep tagging along Yeah, I've got a perfect attendance record. Why well, I guess there's one obvious reason but that would sound real corny Maybe not so let's just say that After you've been riding the merry-go-round long enough standing on solid ground doesn't seem normal Oh Well, maybe if you keep riding that merry-go-round you'll grab the brass rink someday don't bet on it Sheila drifted over to the bar where she sat quietly drinking the rest of the evening I Somehow felt sorry for her but I knew she'd bought her own ticket to the merry-go-round at least for the first ride I Looked over at Forbes and started sweating. He was showing the diamond off to the party But before I could get to him Agatha did she must have told him indignified with firm tones to put the ice on ice He laughed and took it back to his room. So I relaxed The party dragged on Agatha managed to look frigidly pain the rest of the evening But Forbes was obviously enjoying himself with Helen. They danced and went out on the terrace Sheila turned her back and concentrated on her drink Finally I went over to the bar Sorry Johnny looks like the bartender has gone home And it's probably a good idea Good night. She headed carefully for the door and went out Then I realized I hadn't seen Forbes for 10 or 15 minutes. I went out on the terrace How would he insight I? Walked to Forbes bedroom door. It's a Forbes Forbes No answer one lamp was lit Forbes was on the floor The knife had gone in low under his ribs. He probably hadn't made a sound Nearby was the case in which he kept a star of Cape Town. It was open and empty Oh, here's our star to tell you about tomorrow's intriguing episode of this week's story tomorrow a girl who was exciting beautiful and deadly Join us. Won't you yours truly Johnny dollar first truly Johnny dollar starring Bob Bailey is transcribed in Hollywood Written by Robert Reif. It is produced and directed by Jack John stone Be sure to join us tomorrow night same time and station for the next exciting episode of yours truly Johnny dollar Roy Rowan speaking


Zero accounting software 2023 add normal expenses to books from bank feed limbo and make bank feed rules as we go Get ready to become an accountant hero with zero 2023 First a word from our sponsor Well, actually these are just items that we picked from the YouTube shopping affiliate program But that's actually good for you because these aren't things that were just given to us from some large corporation Which we don't even use in exchange for us selling them to you. These are things that we actually researched Purchase and use ourselves Bayer dynamic not sure if I said that right, but this is the DT 770 pro 250 ohm studio reference closed back Headphones I wear headphones basically every day for a large part of the day. They are important to me Therefore I've gone through many different kinds of headphones I've had these for some time and they've worked quite well They fit over my ears, but I'm still able to put my glasses on under the headphones The headphones not pinching too tight on the glasses to give me a headache Which is nice the quality of the patting is good and it has lasted for some time I've had these for some time now and they haven't gotten all torn up on me or anything like that I also like that. I have a cord when I'm doing my recordings as opposed to a USB centered headphone because that frees up a USB port and I find the USB headphones to be less reliable They come with an audio jack that looks like this which is useful for me because that plugs into my audio interface However, if you want to use the headphones for some other purpose I believe it's fairly easy to get a converter to other types of audio jacks If you would like a commercial free experience consider subscribing to our website at accounting Instruction comm or accounting instruction dot think of thick dot com where we have many different courses You can purchase one at a time or have a subscription model given you access to all the courses Courses which are well organized have other resources like Excel files and PDF files to download and no commercials Here we are in our custom zero home page going into the company file We set up in a prior presentation that being the bank feed file We're gonna now be duplicating some tabs because we want to put our major two financial statement reports in them The balance sheet and income statements so that we can see as we pull the information in From the bank feed limbo to the promised land of the financial statements We can see how those financial statements are impacted and constructed from those transactions To do that we're gonna right-click on the tab up top and we will duplicate that tab We will right-click on the duplicate a tab because we want to reports and duplicate it again back to the middle tab Accounting drop-down. I'm gonna open up the balance sheet which is typically in our favorite reports Therefore in this drop-down as it's thinking I will tab to the right go to the accounting drop-down again And this time the other financial statement report is the income statement report the timing report Sometimes called the profit and loss the P in the L. So let's go back to the first tab now We're gonna be my data is in the year of 2022 so you want to make sure that you have the data of the date here that Corresponds to whatever data that you pulled in from your bank feed information tabbing to the right I'm gonna change this to 2022. So I'll do it with a custom range down below January of 2022 Starting there ending December of 2022 and And so there we have it I'm gonna update that report now, of course nothing is in these reports thus far because all we have done is pull the information in From our bank into bank feed limbo The system doesn't have enough information to pull it from there into the financial statements what it needs is at least an account and most likely we would want to add a vendor and a Customer as well a contact in other words as we do that We can make bank rules to pull that information in in a more automated fashion Going forward making it easier going forward, but this first time around It's more difficult now note that as we make the bank rules if I hit the drop-down here And we go into our chart of accounts We have basically cleared out our chart of accounts a lot so that we can construct our chart of accounts as We go and that will that will allow us to have more of a customized chart of accounts if you're a little worried and you Don't want to do that remember that you can Keep zero's chart of accounts that the the generic accounts that they gave you which are somewhat standard but it's not a completely standardized thing and then try to use those accounts when Applicable only adding new accounts when you don't have one that looks appropriate for you Also as we add accounts remember keep in mind the account number construction So if something is a balance sheet account or an asset account for example You want it to start with a one if it's a liability account You want it to start with a two if it's an equity account you wanted to start with a three income account a four and the expense accounts a Five or six maybe you want the fives for a cost a good soul types accounts And maybe we'll make all of our expense accounts somewhere in the six thousand range also note as you are adding these account numbers Make sure to leave enough room between each account number so that if you wanted to add another account in the future You put one you can you have the ability to do so so if I label something 5,000 and the next one 5001 I Will not be able to put one in between those two accounts and my account numbers will be all messy So what I'd like to do is have the five thousand the next one having some good space at least five thousand ten or five thousand fifty Right go in increments so that you can add more accounts in between all right that said let's go into our bank feeds Accounting drop-down. We're going to go into the accounts and we're going to go into I like to do it this way account drop-down and then account transactions last time we added the information so there's nothing in The account transactions because we didn't enter anything on our side the bank statement transactions has everything we pulled in From the bank on this side of things in other words This is what we pulled in from the bank feeds notice that all of them say Unreconsiled because we haven't tied them out to anything on our side of the system We don't have anything on our side of the system because we will primarily be making our accounting system From this information so then we can go into the cash coding now This is a quicker kind of way to do the data input because you can sort like by payee or by date So if you're pulling in a lot of information This might be a little bit faster way to see things on a side-by-side basis But then we have the normal reconciliation on the left-hand side Which is going to give you the information on the bank side and then it gives you your information That we can match to if we had anything on our side or we can create the transaction as we go From here So that's going to be our items also note that if you hit the drop-down You can you delete the statement line and you can create a bank rule Which is what we will be doing quite often making the bank rules will help us in future transactions when we have a similar Line item so that we can assign it to the proper account and more easily pull it in to the financial statements So I'm going to go down and look for some particular types of transactions So I'm going to scroll down to 823 and I'm looking for like a so cal gas So you can see these are going to be in basically the alphabetical order. So if I scroll through here, I've got this one so cal Gas and so I'd like to make a transaction for this one And this is I want to start with this one because this is a normal kind of transaction the gas bill the telephone bill These kind of things are the easiest things typically if they are electronic transfers to be pulling in With just an automated bank feed that you can then make a rule for that will make the automated process a lot easier going forward So if we were going to enter this transaction This is kind of a shorthand or shortcut enter which is like a pay money Type of form of money out like I like a check type of form. So who's the contact now? If we haven't been adding contacts then usually we can often find the contact in the bank Memo kind of area. This is like the text that came in from the bank now you could use this whole thing as The contact but usually you're probably going to say well the the contact looks like the so Cal gas So I'm going to copy that and say that's going to be my contact I'm going to add the contact now You want to be careful with the contacts that you don't add another contact next time Which says so Cal gas paid or something like that That's a slightly different name and you do want to make sure that you do add the contacts Because if you enter the data without a contact You might be able to still do it and have an account number But you won't have that added a level of search ability by searching your data by contacts Which is you might as well have so Choose an account now we do we've removed many of the accounts So we don't have a lot of accounts to choose from so we are in essence going to be creating our accounts as we go Now it doesn't give us the capacity to add from here So we're going to go into our chart of accounts, but let's first go through the rest of them Why you could put a description you might put the range of the gas that was paid from date to date or you know So you could put more detail there if there's tax applied You've got your tax items on the drop-down and then you've got the add details now If you go into the add details, it's going to give you an expansion again Basically kind of a pay money type of form. So you got the so Cal gas The date the reference and then down here if it was an inventory item that we were purchasing We would choose the item Otherwise we're going to not choose the item so normally you wouldn't have an item But you do need of course an account so the account then on the drop-down This is where it gives us the capacity to add the account kind of as we go so I'm going to say add the account and I'm going to say the type of account is going to be an Expense account that's going to be your typical the typical format when you're When you're there it is when you're when you're Have money outforms usually it's an expense not always because it might be you pull the money out As the owner and in that case it would be a draw or equity account or you might have bought it Fixed asset or something or inventory, but we're going to say now. I'm going to put six thousand six oh one zero So i'm going to try to pick numbers that are within The the expense category starting with a six and leave enough space with them So so at least five or ten uh spaces between them. So that's my general strategy You to me You to me, uh, this is going to be what was this this was utilities Utilities I spell that right Uh, I think so there is a spell check in here So if you spilled something wrong it should tell you Description down below tax, uh if tax Applies to this account. So that's all we need here. So we're good. So i'm going to save it So now we have that applied out that looks good And if we had other lines that we need to apply it out to we can apply it to other lines But usually with these basic transactions, it's fairly straightforward. We paid the utility bill money outform It's already cleared the bank because we did it with an electronic transfer This will simply then record a decrease to the cash and an increase to the utilities Which will decrease the net income on the income statement Now what we would like to do also notice if I scroll back up to the options here Is create a rule. So this is going to be quite important As you especially as you start out because that will make it so it's easier going forward So I'm going to say let's make a rule basically as we go here And so Apply a bank rule any conditions match all conditions. So when we apply a rule We're telling zero. Hey, look look at the detail that came through Remember the detail that comes through from the bank is just going to be the date The the text transfer that comes from the from the bank and the amount that's all that's all it has So now we're going to say based on that information follow these conditions We can have it follow Any of the conditions if any of the conditions match then the logic test goes like this if any of the conditions match Then apply this rule or we can say it have it more constricted and say You have to have all of these conditions match Before you apply this rule. So I'm going to keep it at any condition And then we have the field of the payee Equals and then you've got the value over here So I'm going to hit the drop down our options The fields are the payee the description the amount the reference the analysis code I think the any text field is the broadest category. So that's the one I'm going to use Most often say any of the text fields if they equal I'm not going to say equal Because I'm going to say contains Because I that's all I need I don't need it to be exact if they change this coding a little bit That's fine And I'm just going to say all it needs to contain is so cal gas If it does that then I want you up to apply the rule Now on the description sometimes We'll get into more complex rules where you might be able to use some of the data in the field to kind of Differentiate where what rule you want to apply if I paid two gas bills for two different locations Maybe some of this information in the coding and the description and whatnot could help us to differentiate between them But this one's pretty straightforward. We're just going to say we paid the gas bill. That's what all we want So set the contact Uh, so the contact is going to be So cal gas And so we're going to say okay, so there we have that Allocate the line items. So a description we have So I've added a new line if I have a description of some kind for gas bill account is going to be the utilities that we set up utilities uh didn't go utilities and then no tax rate and then We want the amount To be applied 100 to be applied Let's actually do it down here. This is if I want a fixed amount to be applied But I don't want to have a fixed amount because the bill might change So I want to apply it out by percent. So let's actually delete that and put it down here Where I'm going to say this is going to be the Description gas bill. This is going to be the account utilities And so we'll pick that one up No tax and we'll have 100 applied. I don't need any other line Now again, this is kind of a nice rule format because it allows us to Apply out to different accounts if we needed to break the same bill out to different accounts on a percentage basis Or on a dollar amount basis So set the reference So we can have the reference coming. So this is the reference on the form from from uh from the reference from the description from the payee check number Analysis code i'm going to say from the description And then add rule details Do I want the rule to apply just to the checking account or we can have it applied to all accounts now? We only have a checking account set up But if we had multiple checking accounts, you might have rules that are applicable just to the checking account You're in or to multiple checking accounts So you can select either of those the name of the rule is pulling in From the description name of the so cal gas So you can that's usually a good description name.  Let's go ahead and save that And so now that rule should be applied And if I scroll down we can see then the rule the rule being applied out So now we have this here. We can edit the rule If we think it shouldn't be applied so they're linked out at this time We can see the details again In this fashion. So here's the details.  It's going to pull the transaction the transaction has been made now And is pulling into the financial statements So if I then go to the balance sheet and I update the balance sheet We can see now that we have created a checking account. So if I drill down on that 37 66 It's a negative number because we don't have the beginning balances in the checking account yet But if I go into that There's our transaction now note that if I go into this it says it's a spend money form So if I go into the spend money form, it's not going to take me to the bank feeds or to the rules It's going to take me to a spend money form Remember that these forms in this drop down even when you're using the bank feeds These are really the forms that are the default that zero wants to use The other data input forms from the bank feeds are kind of like shortcut You know to to the data input of these forms So let's go back to the balance sheet and then if I go to the income statement tapping to the right And update again now we've got the utilities that pull through here as an expense Type of account. So that looks good. Let's go back to the first tab Now note that if you wanted to look at your rules you can go to the accounting drop down And the bank accounts if you want to look at all of your rules and look at the bank rules here And so then you've got your so cal rule And if you needed to edit this rule you can go into here and you can make your changes to the rules as needed So these rules of course are quite important to get Right, you know the first time so that so that they will apply out properly going forward And they're difficult to make or not too difficult, but You know, it's kind of a pain to make the rules at first, but once they're made then they're great Now also note here that if I go to you could see if I go to the cash coding That that rule has basically been applied To a couple other transactions right the utilities Here has been applied out We could find that if I go back to the the first tab And if I go through this and I scroll down, I'm going to say, okay Let's just All right, hold on. I went to the end of it. I went to the end of it. Let's go back to the start and We'll see a little blue box on the one that has the rule that has been applied right So I'm going to scroll through here and the next bit and The next bit They get since september that we saw it Uh And there there's one so now you can see this is being applied out with the rule Meaning the rule is trying to create this transaction. This isn't a transaction that we created Because the the rule is created that we haven't put any transactions in on our side now note also that if I go to The bank tab this represents the information that was pulled in from the bank And you can see here That we're going to have That transaction has now been reconciled. So we've reconciled that one transactions now, right? So if I go to the account Transactions tab on the right hand side Now we have a transaction that was recorded on our side Also having been reconciled. This is what we created from the bank feed as a transaction on our side Also, just note that in the contacts drop down if I go to the all contacts We have set up our contact of the sol cal gas so we can track the information By the contact the person we're paying as well. All right. Let's go back into the accounting drop down bank accounts again And let's do another one. I'm going to hit the drop down. We're going to go into the account transactions again And let's go to the first tab And this one's going to be I I'm going to do a Verizon one. There's one on 8 15 Got a pesky fly in here. It's driving me crazy 8 15 Verizon so here's one Telephone another very standard type of type of transaction So let's go ahead and make the rule now note that if you don't make a rule by the way You've got this thing down here where it says suggest previous entries So zero could give you suggestions in the following month based on what you entered last time So if you just enter transactions, it'll give you suggestions, but that's far less like Effective because you can't you don't have as much control over the rules So you so what you'd like to do is set your own rules typically as you go So you can tell zero exactly what you want to happen have happened Instead of just having it kind of guess what you're going to have happen and usually You know the guesses are usually pretty good because usually the these are going to be fairly straightforward But you can find many situations where Uh, you know, it couldn't mess you up if you just basically are reliant on the prior transactions Instead of creating a rule and it might not be as fast So if I apply a rule on this one, I'm just going to go straight to the applying of the rule So I'm going to say any content any conditions to match it. I want the payee. I don't want just the payee field I want to say any text field if any text field equals is too stringent. That's too stringent I want to say if it contains if the text field contains Just Verizon wireless. That's all you need and then I don't need any other condition So I'm going to just remove the second condition set the the uh, contact So an existing Or new contact. So I'm going to say it's going to be a new contact Which I want to be pulling in just the Verizon wireless. I'm just going to make a new contact as we go Let's create that contact Okay, and then I want it to allocate a hundred percent of the transaction to one account So we're going to say it's going to be Verizon. It's going to be telephone You know, and we're going to say the account is going to be I have to add one. We don't have telephone expense So I'm going to say, uh, let's add the account And they won't add they won't let me add it In this area So I think the easiest thing to do is I'm going to cancel the rule for now And I'm going to try to add it while I'm over here and then I'll go back in So so I'm going to try to say, uh, let's add it this way So this is going to be variety. Let's let's say I'm going to add details down below And then I'm going to say it's going to be to Verizon wireless Reference that that and then I'll add the account Which I'm going to add on the fly So now they let me add it as I'm flying here on the fly And the account is going to be An expense account. Can I just type in expense code? I'm just going to say is six Six two zero six zero two zero And the name is going to be the telephone Now notice that you have some control now over whether you want the telephone under utilities break it out separately That's why It'll change from company to company Do you want the gas bill and the electric bill under utilities or do you want to break them all out? Do you want to try to create a sub account of like utilities and then have telephone gas And electric underneath it, which you could do with the formatting of the financial statements in zero so There so this is where you have a lot more flexibility with these expense forms How exactly do you want it to be reported and it might differ depending on how much how much How relevant the expense is to your particular business So let's go ahead and so that looks good now now. I'm going to go back up top And uh, see if we can go back into the options Options up top And create the rule. So now I'm going to create the rule now that I have the account That I need for the rule. So it's going to be any condition I'm going to say any text field again not equals but contains Verizon wireless. I don't need the payments I'm going to copy the wire Verizon wireless. I'm going to delete the second condition and then uh and existing or new contact Verizon Verizon wireless that we set up And so then down here description the the account now is going to be the telephone Which we have now set up Good no tax per 100 applied to it. So I'm going to keep this as just from the reference Checking account only the name of the rule is pulling in as Verizon wireless. That's fine. So I'm going to save it So the rule has been uh done now So if I scroll down and say all right, so now it's it's got this one applied out Using the rule. So now when I say okay, it's going to create this item and Match it at the same time which will create a new transaction and do the reconciliation process. So let's Go ahead and say okay, and then if I go to the balance sheet and update it Now I can go into my checking account I have this negative amount in the checking account balancing out to the current year earnings which are in the equity account going into the balance sheet account to check it out Now we have these two items in here the telephone and gas bills So we just put in the Verizon Notice it's a money out for a form or a spend money form And then if I go into the income statement And update the income statement there we have our telephone Now if you wanted to make these sub accounts you can do that with this cool Uh edit layout. So if you wanted like to have a parent account of utilities And then use those as sub accounts you can select Hold down control multiple of these and group them together And so you've got a lot of flexibility once you get good at that Uh, it's way more flexible than even like a quick book sub account kind of structure So I'm going to go now. I just Logged out of my income statement for some reason. I don't know what I did Uh, but I will go I'll make it back in there again. Let's go back in I know I didn't want to go out of there. Let's customize the date And this is going to be 2022 Uh, january to december 2022 update, okay, so if I go back to the first tab All other telephone should be marked off. So if I go to my cash coding I can kind of see that most easily in here. So now the telephone is kind of being applied out To this one for verizon. So if I went and scrolled through I'd see that little blue button For all of the telephone making it like a just a click away to add them and create the transaction The bank statements now Uh, now these represent what we pulled in just the bank statement side Most of them being unreconciled but If we go into this one has now been reconciled for the verizon And if I go to the account transactions, this is our side of the account transactions impacting The checking account we made these two transactions from the bank feed And connected them together at the same time constructing Our financials from the bank feeds and if I go to the contact drop down looking at all contacts We've been constructing our contacts as we've been doing the bank feeds All right, now just note that if we if we wanted to take a look at our rules We can go to the accounting drop down banking And we can take a look at our Rules so now we've got these two rules set up if we needed to adjust them we can Edit the rules and close this up top edit the rules on the right hand side And that's it. So now notice one way I'm going to go to the tab to the right that we can look at our Financial statements now is a trial balance, which is a balance sheet on top of the income statement So I'm going to right click and duplicate again Because I think the trial balance is the easiest report to kind of see everything being constructed without all the subtotals And see both the balance sheet and the income statement. So it has debits and credits in it However, but we have to deal with that if you're not used to the debits and credits It's not too bad. You don't need to be an expert To see the value of the trial balance. So I just typed in trial balance into the reports And we're looking at the trial balance now. So now you can see This is basically just a balance sheet on top of the income statement without any Subtotals. So now you've got the cash Up top affected and notice on the balance sheet what we have here is The checking account and then this represents equity Which they're saying is the current earnings the current earnings on the income statement will roll into equity Typically retained earnings or the capital account on the balance sheet. That's how the two things are connected So they're really just one big report. They're really one t account For accounting double entry accounting one t account debits and credits or one accounting equation assets equal liabilities plus equity But this but then the income statement gives you more detail About what's actually happening On the timing statement that that will close out to the permanent accounts in the equity section of the balance sheet So you can see that on a trial balance where we just have The balance sheet account of the 101 51 and then the timing accounts Of the expenses which make up net income which typically closes into the balance sheet So that so so this is an easy report to kind of see things constructed bear bones Simple and it's also a nice report that if you're doing data input You can go into this report and drill down on the on the numbers to see what is happening in a quicker fashion So I when I'm typically when I'm working oftentimes I might want I might just have my trial balance open Instead of a balance sheet and an income statement If I just simply want to use the trial balance to verify That the data input is an impact in the accounts I think it should impact because once I do the data input I can go into the trial balance and use that great tool of drilling back down From the report to the source document right and so I could drill back down to the source document And the source document is not going to be then The the actual bank feeds, but rather The forms that were created from the more simplified data inputs Of the bank feeds in this case, of course spend money forms now these these couple that we did here represent I think the most easy kind of transactions Those that are easily repetitive if we use electronic Payments to pay them if we use check that's checks to pay them Then we would want to enter the check first And match it to the bank feeds, but if they're electronic transfers easy to do those Well, and then we'll do some more that are are fairly straightforward And then we'll get into some sometimes where the bank feeds are a little bit more tricky And we have to make possibly more complex rules or something like that And be mindful of of the data input as it's pulling in from the bank feeds