Chapter 8: Best Practices When Reviewing Financial Records
The first two chapters of this book covered topics that could be useful to all business types. These included checking that opening balances had been set up correctly, and a few small tips that can be useful when using QuickBooks day to day.
In chapters 3-7, we looked at specific business types and provided some detailed advice on the use of the Projects and Multicurrency features.
The last four chapters of this book are useful for all business types. Entering information into QuickBooks can be pretty easy, and if we are using any automated tools such as Bank Rules, it is really important to check that entries are being made exactly as expected.
In this chapter, we are going to start reviewing the data held in our QuickBooks Online company file. You will learn the following:
- How frequently, and when is the best time, to review financial records
- Standard accounting principles and concepts
- What reports...