So, you need to manually collect CSV files from email, cloud storage, or your bank’s website, then upload them to the converter tool. This can still be time-consuming for businesses dealing with multiple accounts or frequent transactions. Yes, you can convert a CSV file to IIF or QBO for seamless integration with accounting software like […]
It is entirely possible that there will not even be a visible income summary account in the computer records. It is also possible that no income summary account will appear in the chart of accounts. After preparing the closing entries above, Service Revenue will now be zero. The expense accounts and withdrawal account will now […]