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In: Business and Management

Submitted By nyaribo
Words 777
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The accounting profession has developed over time and it is still developing. The introduction of the QuickBooks in the profession has helped solve several issues that are associated with accounting. QuickBooks has made it easier for the accounting experts to work from their own comfort without necessarily being at the client’s office or area of business. This is possible through the several features that QuickBooks has been designed with. Financial records can be extracted from the system after the financial information has been fed to it.
Interface provided by Accountant Copy File Transfer
QuickBooks has an option of converting a file received from a client into a company file. These conversions have been made possible so that they will take care of the restrictions that may exist in working with the Accountant’s Copy. In a case of such a complication, the file can be converted to the company file to make the work to be performed on it easier (Madeira, 2014). In this case, the accountant may find it hard to work with the tasks of the client on a daily basis if no data available on the company website and this makes the client send the data to the accountant through other means. The accountant performs the required tasks on the company file, and no entry is permitted on the file at the client’s computer. After the accountant is done with the work, he will send it to the DC client who may save and use it as it is or may do editing to it after they have done the converting of the file (Perry and Madeira, 2009).
Proper accounting for the TakoSami transaction and the effects
Dominic Consulting has debited Cash account that is incorrect because TakoSami has paid Dominic Consulting in advance in return of services. The credited account as recorded by the DC Company is wrong. There are no sales that have been made to TakoSami. Since the...

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