Furthermore, monthly adjusting journal entries for such items as depreciation and expensing of pre-paid insurance or taxes can also memorized. Automatic payments deducted from your checking account on a regular basis can also be memorized and posted. Ultimately, this results in improved cash flow. If you invoice clients on a monthly basis or charge a recurring fee, having the invoice automatically post can speed up your accounts receivable process. Some examples of transactions that can be memorized include invoicing, billing, checking and monthly adjustments of journal entries. One option which can really improve your timing is the memorized transaction feature. There are multiple ways to save time and short cuts which create greater efficiency. QuickBooks is helpful when it comes to recording your company’s accounting information.
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