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Q: Software that's helps companies record and report their financial transactions?
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What software helps companies record and report their financial transactions?

Accounting


What software is a type of application software that helps companies record and report their financial transactions?

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Why is it necessary for a business to keep a record of all its financial transactions?

. Every one should maintain systematic record to access the true and fair value of their financial position or their companies


Do CPAs perform compilations for public or private companies?

This service, provided only to privately owned companies, is usually done in connection with helping the company record its transactions and transform its records into financial statements.


What is the purpose of the financial department?

To keep record of the financial transactions of a business. that is all now go away


When do you use intercompany accounts?

To record transactions between related companies


What is an audit trail?

An audit trail is a formal record or log of the financial transactions of an organization.


Book keeping services would be used to record what?

Bookkeeping services are used to record the financial transactions of a business. These transactions include payments by an organization or individual, purchases, sales and receipts.


How would you describe a compilation performed by a CPA?

This service, provided only to privately owned companies, is usually done in connection with helping the company record its transactions and transform its records into financial statements.


How to record financial statement?

You don't actually record a "financial statement" the financial statements are the documents the company uses to record financial transactions, those includeBalance SheetStatement of Owners EquityStatement of Retained EarningsIncome StatementTrial BalancePost Closing Trial BalanceJust to name a few.


What is role of bookkeeper?

The bookkeeper central role is to record the financial transactions occurs with in the business. Transactions include purchases, sales, receipts and payments by an individual or organization. The accountant creates reports from the recorded financial transactions recorded by the bookkeeper and files forms with government agencies.


How do you record transactions?

Could you demonstrate on how to record transactions