Читать книгу QuickBooks 2022 All-in-One For Dummies - Nelson Stephen L., Stephen L. Nelson - Страница 88

After you understand what accounting does and what accounting systems typically do, you can see with some perspective what QuickBooks does:

 Produces financial statements

 Generates many common business forms, including checks, paychecks, customer invoices, customer statements, credit memos, and purchase orders

 Keeps detailed records of a few key accounts in simple settings: cash, accounts receivable, accounts payable, and inventory

Allow me to make an important observation here: QuickBooks does three of the four things that you expect an accounting system to do. Compare the list that I just provided with the preceding list (“What accounting systems do”). I’ll save you the time of finding the fourth thing: QuickBooks doesn’t supply the specialized accounting stuff. It doesn’t do royalty accounting, for example, as discussed in the earlier example.