In: Accounting
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
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
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.