Your manager, who has an accounting background, is new to QuickBooks Online and is reviewing the...

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Your manager, who has an accounting background, is new to QuickBooks Online and is reviewing the General Ledger Report. In her prior experience, there were always debit, credit, and balance columns on the General Ledger. She never saw a General Ledger Report that displays only amounts and balances, and many of the amounts and balances are preceded with a minus sign. Explain to the manager the default QuickBooks Online presentation for the General Ledger Report and what can be done to prepare the report in a format more commonly used by accountants. Your manager, who has an accounting background, is new to QuickBooks Online and is reviewing the General Ledger Report. In her prior experience, there were always debit, credit, and balance columns on the General Ledger. She never saw a General Ledger Report that displays only amounts and balances, and many of the amounts and balances are preceded with a minus sign. Explain to the manager the default QuickBooks Online presentation for the General Ledger Report and what can be done to prepare the report in a format more commonly used by accountants.

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The default presentation of the General Ledger Report in QuickBooks Online is designed to provide a ... View the full answer