What is a good response to the information below?

Opinion.........

Quickbooks is accounting software that is mainly developed by Intuit to facilitate online accounting transactions like accepting business payments, managing and paying bills, payroll functions, preparing accounting reports.

All the companies worldwide practices either cash-based accounting and accrual-based accounting.

In Cash-based accounting, the revenues are recorded when the cash is actually received from the customers, and expenses are recorded when the payments are made to the suppliers and employees.

On an Accrual basis of accounting, revenues and expenses are recorded when they are incurred.

Quickbooks follow accrual-based accounting where all the income earned which is actually incurred is recorded in that accounting period. The timing of the cash flows against the said invoice number does not matter in this situation.

The matching principle in Generally Accepted Accounting Principles states that all the revenues and expenses should be recognized in the same accounting period.

Therefore, It is an acceptable practice and holds totally correct according to GAAP.