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What could be two reasons why revenue recognition in QuickBooks Online Advanced isn't working for a particular product or service?

Answer :

Final answer:

Two reasons why revenue recognition might not work in QuickBooks Online Advanced are incorrect revenue recognition rule setup and problems with product/service setup within the accounting system.

Explanation:

When revenue recognition in QuickBooks Online Advanced isn't working for a particular product or service, two possible reasons could be the improper setup of revenue recognition rules or issues with the product or service setup within QuickBooks.

The first step is to ensure that revenue recognition rules are correctly established, taking into account the timing and conditions under which revenue should be recognized.

It might also be necessary to examine the specific product or service settings to ensure they are correctly configured to trigger revenue recognition according to the rules.

Incorrect mapping of products or services, or a lack of necessary information in their descriptions, can prevent revenue recognition from functioning as intended.

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