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Discuss the two main ways of entering information into QuickBooks. Why are two different ways necessary for entering information. What are the advantages and disadvantages of each method.
On Jul 03, 2024
The two main ways of entering information into QuickBooks are:
1. Onscreen forms
2. Onscreen journal
Transactions can be entered using onscreen forms without knowing debits and credits,so this makes it easier for QuickBooks to be used by clients who do not have an accounting background. Some items,however,such as adjusting entries,are easier to enter using the onscreen journal. In addition,even when transactions are entered using onscreen forms,behind the screen,QuickBooks converts the information into a debit and credit journal entry that can be viewed in journal form.