I am Noor Wali Baz a commerce graduate. I am try to improve student knowledge to be make money online. I am also working as a digital marketer to learn and teach new digital education. Through web blogging how we make money i will also teach you in this channel.
Quickbook is best software to calculate your accounts. Quick books online is very cheap. you also use quick book desktop. Accounting is very important for business to check the business growth or decrease.
You also create multiple companies in QuickBooks. You can create
General ledger
accounts book
trial balance
income statement
balance sheet
Expenses
Cash
Petty cash
office supplies
fixed assets
You can practice this software, more practice more knowledge. When you create a company in quickbook first you create all chart of accounts, then make entries, because if you have not create a good chart of accounts, then your accounts will be manage very difficult.
There are some accounts hints
An increase in Expenses is Dr
Increase in Liability is Cr
If you have working in office then you can create a backup must when closing your system, because it is very important to take backup of your company. If you have not take backup of your company and you have lost your password or system then your data will be lost.