We live in an era where electronic commerce is dominating our workplace. The stories of missing inventory, large credit memos, duplicate invoices, incorrect bank reconciliations and improper accounting entries continue to mount. Every now and then, we even hear about a direct deposit being made to a fictitious employee.
The Internal Revenue Service has announced that more than 800,000 of the nation's small businesses and large corporations have filed their tax returns electronically so far this year, a 60 percent increase from last year.
Are you seeing balances for Accounts Receivable or Accounts Payable on your "cash basis" balance sheet in QuickBooks® financial software? Find out how this can happen -- and what you can do to fix it.
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