You have a client whose business uses accrual-basis invoicing and accounts receivable workflow. They use the Banking screen to enter a deposit for a payment check, which they post manually to an income account. What problems will this cause?
The amount of trade receivables is completely inaccurate. Another such explanation is provided below.
Explanation:
Transactions were mostly automatically transferred to purchase orders unless the alternative of automatically determine disbursements would be allowed to select throughout the classification of transaction.
Whenever a financial institution screen was being used to transcribe the client's compensation, the deferred revenue balancing act would then demonstrate an inaccurate equilibrium but mostly generate a duplicate earnings entry throughout the accrual basis.
