Minimize Journal Entries in @QuickBooksCA (DT and Online) #Accounting #Technical
Why You Shouldn't Use Journal Entries in...
Both QuickBooks Desktop Versions, and QuickBooks online give you the ability to post transactions via Journal Entry. Most pieces of true accounting software will. That means that rather than creating an invoice, or entering a bill, you can just post the bare bones of the transaction into your software, assuming you know your debits and credits. However, just because you can, doesn’t mean that you should. QuickBooks is a very powerful piece of software for the price point, and can provide you with a whole host of information about your business if you use it properly. Although posting your transactions by journal entry will give you an accurate income statement and balance sheet, that is pretty much all you will get. Within QuickBooks...Read Moreaccountantvip
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