Question

how Quickbooks can be used to assist companies in maintaining ethical and professional standards. As well as what impact ethics has on a business and individuals.

Answer 1

Answer)

1)Quick books helps in maintainance of recordsin honest and accurate way for developing ethical code for gaining public confidence.

2) Quick books following the Generally Accepted Accounting Policies for maintain the books of accounts.

3)It helps in showing the accounts in such a way that how much Revenue will be the profit and how much will be it's costs.

4)It offers flexibility for different business to maintain it's books of accounts as required by internal management.

5) Quick books maintain accounts in such a way that it will be as manner prescribed by the government.

Impact of sticks on business and individuals:

1)An ethical business practices helps in gaining customer loyalty as the customers leave a commodity if they think they are testing unfairly by the company.

2)It helps in retaining good employee as he may change his job if he thinks that he is not compensated for his hard work.

3)Positive work environment can be maintained as there will be chances for a employee to steal the property of the organization if there are no enough ethics in the employees.

4)It helps in accounting legal problems by practicing the business ethically.