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Discuss the factors that lead to a user failing to record

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Question 1. Customers who have large A/R balances ultimately end up as bad debt expenses to the firm. Identify and discuss at least three things you can do via QuickBooks to control A/R so that it does not become a bad debt expense for the firm. Justify your response.

Question 2. It is important to record accounting transactions in a timely manner so that you can close out your books properly at the end of a quarter. Identify and discuss the factors that lead to a user failing to record transactions in a timely manner in accounting systems like QuickBooks. Justify your response.

Reference no: EM132916418

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