What are 2 tools you can use to identify possible issues in a QuickBooks Online CompanyTransaction Journal

a) Import Data

b) Account and Settings

c) Audit Log

d) Journal Entry

Expert Solution

Transaction Journal Report and Audit Log are the two tools that can be used to identify possible issues in QuickBooks Online Company.

Purpose of the Transaction Journal report

It was created for accountants but anyone familiar with dual-entry accounting can use it for calculations, advanced insight or auditing purposes.
It can be used as a tool to identify transactions that have gone out of balance.
It can assist in identifying odd entries for accounts on other reports.

Audit log is the place where QuickBook Online tracks changes and then stores them. Once in the "Audit Log" you can view history of any transaction, the edits on current transactions and who performed these changes or edits. This tool can analyze the mistake and to what extent it was made.

If the transactions were edited elsewhere in Quickbooks online, the Audit Log would tag these transactions as "Indirect Edit" One should not edit transactions in an audit log as a routine and use it only as a tool to identify errors and as a navigation tool.

ekkarill92 answered 1 year ago

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