Leaine can’t stress this enough! Adding meaningful descriptions gives context to accounting reports.
Leaine’s Tips:
- Be concise and clear with meaningful descriptions
- State when GST exceptions (eg. Business to Business, no GST)
- Include across all types of entries – reconciling, journals, bank rules
- Consider where more useful in the description rather than as an added note
- Good descriptions save time when reviewing reports
- Train your clients to do this
- Auditors and accountants will love you!
Watch Leaine’s Demo
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