Draft a procedure for using your selected program. List of the design features of an accounting system:
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Question:
Draft a procedure for using your selected program.
- List of the design features of an accounting system:
- Structure
- Function
- Goal
- Boundary
- Inputs
- Processes
- Outputs
- Feedback
- Control Processes
- Adjustments
Processing of Customer Payments in QuickBooks
- Open QuickBooks and navigate to the "Receive Payments" section under the "Customers" menu.
- Enter the customer's name in the "Received From" field. The outstanding invoices for that customer will appear.
- Enter the amount of the payment in the "Amount" field.
- Select the payment method (e.g., cash, check, credit card).
- If the payment is a check, enter the check number in the "Check Number" field.
- Click on the invoice that the payment is for. The payment will be applied to that invoice.
- Click "Save & Close" to record the payment.
A key compliance requirement is ensuring all financial records and accurate and complete. Sandy is concerned that your procedure (List of the design features of an accounting system) does not include regular reviews of the outputs and therefore errors may not be detected.
- Develop 2 - 3 steps that could be added to your procedure in Processing of Customer Payments in QuickBooks to ensure the regular review that outputs are accurate and complete.
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