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1. Review the process for tracking petty cash in QuickBooks. Why do you suppose that tracking petty cash is important? Do you believe people are

1. Review the process for tracking petty cash in QuickBooks. Why do you suppose that tracking petty cash is important? Do you believe people are tempted to take petty cash? Why or why not? Discuss any experience you have had with the use of petty cash.

2. Discuss the budget setup process in Quickbooks. Why do you suppose creating a budget is important for businesses? Do you maintain your own personal budget? Why or why not?

Explain in detail please.

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