QuickBooks can do everything your small business needs it to do, but it’s only as good as the data you put into it. Add into that the fact that some transactions just wind up outstanding, and you can wind up looking at accounts with obviously overstated balances. Fortunately, the Sleeter Group offers some advice on how to manage those issues.
First, you need to be able to link transactions to avoid duplicates and outstanding transacitons in the first place. Then, you also need to know how to find outstanding transactions, which the post goes through step-by-step. Then, you need to be able to close or fulfill those open transactions, depending on the transaction’s status.