Wednesday, June 24, 2009

Make an accountant's review copy .

You typically make an accountant's review copy on a disk or CD_ROM.
1. From the File menu, choose Accountant's Review and then choose Create Accountant's Copy.
2. Change the filename if needed that QuickBooks suggests for the accountant's copy. The file must have a .QBX extension.
3. Change the suggested location for the file if needed.
Copy on a disk, CD_ROM or Network place.
4. Click Save.
The phrase "Accountant's copy exists" appears in the title bar of the QuickBooks program window.
5. Give the QBX (Accountant's Copy) file to your accountant, who opens it on his or her computer.
6. You continue day-to-day tasks with your company data ; some changes are not allowed.

What is Accountant's review copy ?

Suppose your accountant wants to make some adjustments to your books, but you cannot afford to lose access to your books yourself. By giving an accountant's review copy of your data to your accountant, you can continue your day-to-day operations with QuickBooks while your accountant enters the adjustments.
When your accountant finishes, you merge the accountant's changes along with your own. At no point during the process do you lose the ability to work with your QuickBooks data yourself

Accountant's Review Copy

Scenario.


Suppose your accountant wants to review and make some corrections to a copy of your company file while you continue your day-to-day operations, and then merge the changes back into your file.


For example, Your accountant can make the provision for depreciation, bad debt, etc., while you continue your day-to-day operation with QuickBooks.