In our previous video we went over the importance of reconciliation, QuickBooks is not so quick especially if transactions are not recorded correctly resulting in inaccurate financial statements. Example, “Commingling Funds” is a common challenge while business owners perform their own bookkeeping. From time to time, business owners may record personal expenses as business expenses, resulting in personal expenses being reported as business deductions when taxes are done. In this video, our Certified Public Bookkeeper will review why QuickBooks isn’t so ‘Quick’ if you do not know how it works.
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