Office Assistant Chart of Accounts Help

by Lori
(NY)

Office Assistant Chart of Accounts Help

Office Assistant Chart of Accounts Help

A friend is using QuickBooks (QB), she sent me 5 months of bills to put into QB. She told me to put them all in using the date that I was doing it and put them all in as one chart of account Expense. I had asked her questions at the beginning but followed her advice.

I have gone through and changed the chart of accounts for each bill to reflect the cost of good appropriate category. Is it needed for me to go through and put the actual date of bill?

Comments for Office Assistant Chart of Accounts Help

Average Rating starstarstarstarstar

Click here to add your own comments

Dec 12, 2017
Rating
starstarstarstarstar
Chart of Accounts Transactions Date
by: Stephanie

Thank you for your questions about which date should be used when entering old transactions into the Chart of Accounts all at one time.

The best was is to enter each transaction by actual date for audit purposes as well as for financial reporting.

However, this is not a necessity as long as all expenses and income are being accounted for and everything is still able to be tracked if there was ever an audit.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Chart of Accounts Questions.


Please subscribe to my monthly newsletter, Bookkeeping Basics E-zine. It tells you every month about the new information that I have added, including some great tips and advice from myself and other Bookkeeping Basics readers.

Enter Your E-mail Address
Enter Your First Name (optional)
Then

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Bookkeeping Basics E-Zine.

Like Bookkeeping-Basics.net?