you are acting as the owner of your very own accounting practice. You are employed to assist Dominic Leonardo (owner of Dominic Consulting) in setting up QuickBooks
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Description
For this assignment, you are acting as the owner of your very own accounting practice. You are employed to assist Dominic Leonardo (owner of Dominic Consulting) in setting up QuickBooks for his company and his free Intuit Accountant File Transfer account. At month end, you received a .QBX file from Dominic Consulting containing all of the organizations accounting work for the month of January. Dominic is not clear on the purpose and security of the Accountant File Transfer account and needs your assistance.
Your service is to review the books of Dominic Consulting and advise Dominic of any corrections needed. Using your accounting knowledge you will describe an important outcome of the company's performance shown in three statements: the Profit & Loss Statement, the Balance Sheet,...