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Answer :
Final answer:
Two reasons why revenue recognition in QuickBooks Online Advanced may not be working are the service duration being longer than a year and the account selected for revenue recognition being an expense account.
Explanation:
Particular product or service are:
- The service duration is longer than a year. Revenue recognition in QuickBooks is designed for shorter duration services/products.
- The account selected for revenue recognition is an expense account. Revenue recognition should be selected on income accounts.
It is important to ensure the service duration aligns with the software's capabilities and that the correct account is selected for revenue recognition to work properly in QuickBooks Online Advanced.
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