Quickbooks Notecards

Topics: Accounting software, Comparison of accounting software, John Wiley & Sons Pages: 2 (570 words) Published: February 24, 2013

Part of Outline| Source (APA)| Original Text| Summary/ Paraphrase| I. IntroductionA.Software programs| Heagy, C.D., Lehmann, C.M. (2008). Accounting information systems. Mason, Ohio: Southwestern Cengage Learning.| The accounting system captures, stores, processes and communicates information in accordance with applicable professional, industry and government standards and also meets the organization’s own requirements. A well –designed accounting system enables an organization to manage one of its most valuable resources – information. | Accounting software programs allow one to manipulate and generate information following professional, industry and government standards, as well as meet the organization’s goals. If well-designed, it enables the company to manage it most important asset, which is information.| I. IntroductionB. Introduction about Quickbooks| Collins, J. C. (2011). A Quick Guide to Quickbooks. Journal of Accountancy, 1. Retrieved November 27, 2012, from http://www.journalof accountancy.com/Issues /2011/Dec/20114555.htm| More than 4.5 million companies use QuickBooks, making it by far the most widely used accounting system in the world| Quickbooks is used around the globe by more than 4.5 million firms.| II. BodyA. Advantagesa. Company1. Less time consuming| Nelson, S.L. (2008). Quickbooks 2008 for dummies. Hoboken, New Jersey: Wiley Publishing Inc.| Quickbooks automatically creates most journal entries for you, builds a trial balance by using your journal entry information, and – when asked – produces financial statements. Most of the work of double-entry bookkeeping, then, goes on behind the scenes. | Quickbooks is also able to build a trial balance as well as produce financial statements in a neat and organized way, which allows more work to be done in a shorter period of time, compared to using the manual practice in journalizing transactions and preparing financial statements| II. BodyB. Disadvantagesa....
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