7 of 10 Some account balances (Activities) will need to be adjusted only in a manual accounting system. after financial statements have been prepared at month-end. in the Enter Bills, Pay Bills, Write Checks, Create Invoices, and Receive Payments windows. based on information that does not appear in the daily activities so that the financial statements can be properly prepared. 8 of 10 In QuickBooks, the Chart of Accounts List consists of the account name, debits, and credits. account number, name, type, and balance. account name, type, and activities. account name and a required account number. 9 of 10 For adjusting journal entries, QuickBooks does not update the financial statements. uses the Adjusted Journal window to record updates. automatically updates accounts without the user having to save the information uses the Make General Journal Entries window in a manner similar to that of a manual accounting system