accounting software helps you with the 3
R's . . . RECORD RECONCILE
REPORT . . . Record your
transactions . . . Reconcile your
transactions with your bank
statements . . . Reports for your
accountant to use for income tax returns and financial
statements if you need them. And reports for you to
see where your money went!

You record and reconcile cash transactions. Then you
report summaries of those transactions to your
accountant who prepares your annual tax returns etc.
Your accountant will post the general ledger account
summaries of transactions to a working trial balance
if you require a balance sheet and profit loss. If you
only need an income tax schedule your accountant will
simply post the expense accounts directly to your tax
returns. And will post your balance sheet accounts to
a depreciation schedule etc. There are training movies
on the web site.

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