acc week 2 discussion 1 A+ Writers |

Part 1

Why is the customer interview process important with regard to the Chart of Accounts (COA)? Why would you customize a COA to a specific business? How would the COA differ for a service business versus a retail business that sells products?

Part 2

Read the Forbes article Starting a Business: Tips For Using QuickBooks Online (Links to an external site.). Why is QuickBooks a better option than a manual accounting process when it comes to dealing with vendors and customers? What advice would you give to a business owner who says he or she does not have time to learn an accounting software system like QuickBooks?