Banking Reconciliation and Period End

Banking Reconciliation and Period End [CLOs: 4, 5Why is it important to reconcile your accounts in a timely manner? What problems may be uncovered through the reconciliation process? Why is it just as important to track and reconcile business credit card accounts? What other accounting actions would you do at period end in QuickBooks? Utilize this week’s lecture to formulate your post. Respond to at least two of your classmates’ posts in a manner that promotes further substantive dialogue.

DQ2 Reports, Analysis and Interpretation [CLO: 6What is the difference between financial and managerial reporting? Discuss several of the reports available in QuickBooks. What would you look for in analyzing them, and why? How can ratio analysis be used to understand financial data and aid managerial decision-making? Utilize this week’s lecture to formulate your post. Respond to at least two of your classmates’ posts in a manner that promotes further substantive dialogue.