June 2018
Beginner to intermediate
360 pages
8h 9m
English
Work with your accountant to choose the correct DEFAULT INCOME ACCOUNT, DEFAULT RECEIVABLES ACCOUNT, and DEFAULT PAYMENT ACCOUNT. Best practice is to leave the DEFAULT PAYMENT ACCOUNT field blank. This places payments into an Undeposited Funds holding account which are then transferred to the actual bank account. We will be making the bank reconciliation process easier by inserting this intermediate step:

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