Discussion Question 1:

Bank Reconciliations

What advantages and disadvantages do you think there are to preparing a bank reconciliation in QuickBooks vs. preparing it manually? Be sure to list at least 2 pros & 2 cons and support them with explanations.

Discussion Question 2:

Budget

As a manager, why do you think you would need to prepare a budget at the end of the year before it will go into effect? In other words, why would you prepare a department budget in November of 2018 for the 2019 calendar year? Then, how would you use this budget during 2019 that may help you make decisions about the company?