Home

Educators

Students

Calendar

TN Firms

News and Events

Contact

Virtual Enterprise Student Resources

Here are some helpful links to resources and documents found on the VE International website.

Accounting Forms The following guide contains all the forms necessary to complete your daily accounting transactions.
Task	Action
Receive cash	Enter amount received in the cash receipts and payments journal. Update accounts receivable record if the cash receipt is for payment of a sale made on account.
Pay cash	Enter the amount paid in the cash receipts and payments journal. Update the accounts payable record if the cash payment is for a purchase made on account.
Send a purchase order	Do not record this event into the accounting records.
Receive what you ordered	If you receive merchandise inventory, update the inventory control record. If you receive an asset, update the asset log.
Receive an invoice	Enter the purchase in the purchases journal and update the accounts payable record.
Receive a purchase order	Prepare an invoice.
Prepare (and send) an invoice	Enter the sale in the sales journal and update the accounts receivable record.
Ship merchandise to a customer	Update the inventory control record.
Prepare payroll	* Use the payroll register to determine the amount of each employee's gross and net pay. * Record the amount of net pay paid to all employees in the cash receipts and payments journal. * Record the amount of payroll withholdings in the cash receipts and payments journal. * Prepare a 941 Form by the 15th day of the month following each month's payroll. Remember to submit the 941 Form online. * Record the payment of the payroll taxes in the cash receipts and payments journal. Remember to submit your Sales Tax Form online by the 20th of each month.

Virtual Enterprise Student Resources

Virtual Enterprise/Tennessee. For more information: email.
Website development and managed hosting by Acuity Marketing Communications, Inc.
To report technical difficulties, contact our Webmaster