I once read a story about a couple going home from a therapy session. During the session the wife complained about the husband being self-centred and always thinking and talking about himself, and never share any credit with her. As they were walking towards their car; the husband feeling a bit remorseful, was thinking of patching up things with his wife. And to open the conversation he said: ‘Darling, I want you to know that I deeply appreciate everything you are to me.’ Wife: ‘here you go again! ‘I’, ‘I’ , ‘me’ all you think about is yourself. Well, I am going to talk about myself. My QuickBooks Story. Me I love QuickBooks Accounting Software. I love it because it helps businesses succeed and help accountants to sleep well at night. If your spouse is an accountant or CFO you will understand what I am talking about. My love for QuickBooks accounting Software stems from my love for Systems Thinking. Systems Thinking help us accomplish tasks that are seemingly complicate...
What you need to know as you set up your QuickBooks for the first time. First, we will look at the following: What accounting does What accounting System does What Quickbooks does What accounting does Many people agree that accounting does the following four important things: Measures profits and losses Reports on the financial condition of a firm (its assets, liabilities, and net worth) Provides detailed records of the assets, liabilities, and owner’s equity accounts Supplies financial information to stakeholders, especially to management What accounting systems do Accounting system whether for small business or big business (profit entity or non-profit) typically do the following: Produce financial statements, including income statements, balance sheets, and other accounting reports. Generate business forms, including checks, pay-checks, invoices, customer statements, and so forth. Keep detailed records of key accounts, including c...