4 ms·
A lot of software do make it very difficult, if not impossible for a regular accountant to erase history. To the point, when I was an accountant, if I made a s
by sithlord 6y ago
A lot of software do make it very difficult, if not impossible for a regular accountant to erase history. To the point, when I was an accountant, if I made a simple error in keying in something, you would have to reverse it out, and then fix it, all of which would show up on the general ledger.
For example, say we received cash 5,500 for our software services that we have yet to complete, we would need to debit cash and credit some Accounts Receivable.
lets say I make a mistake:
Cash.....5,050
Accounts Receivable..........5,050
I would either need to do another journal entry for 450 dollars to both accounts, or reverse out them and do it again, of which it would still be visible