Audit trail

QuickBooks Period End Tasks: The Accounting Side – Chpt.3

This brings us to the final chapter on QuickBooks period end tasks. What will be covered here is Long Term Debts, Audit Trail and Setting the Closing Date. Long Term Liabilities – If this type of liability was financed by a lending or banking institution, then at the end of each year, a statement from the lender should be reconciled to the Balance Sheet amount. Here one has to be cognizant...

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QuickBooks Quik Tip for the Day – Audit Trail

This tip is for people in senior accounting positions or owners of the company, that oversee workers in junior positions. There is a function in QuickBooks that keeps track of all types of transactions, voids, deletions and so on. At one time you had to turn it one but the newer versions of QuickBooks have it always-on. This allows a senior person to see if there has been any changes to the...

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