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ACCOUNTING BEHIND THE SOFTWARE | DAY 7
What happens when you categorize a $300 bank transaction as Office Expense?
What you see:
Bank Feed → Office Expense
What the accounting system records:
Dr. Office Expense — $300
Cr. Bank — $300
This is the connection between the accounting fundamentals we learn and the modern software we use.
QuickBooks and Xero simplify the process.
But the accounting principles remain the same.
Software is the tool.
Accounting is the foundation.
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