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Topic starter
16/09/2025 8:38 pm
Understand that I'm neither an accountant nor a bookkeeper, and I've had only one class on the subject, nearly four decades ago. But I've been told that at least some accounting software allows after-the-fact transactions, that might have happened a week or more before they were entered, to be entered with the date on which they occurred, rather than the date of entry. How can this work without either driving the software insane, or breaking GAAP, or both?