I'm new to company and we use quickbooks enterprise. A couple of simple questions I need help on as I'm taking over for someone previous to me.
1) we are not in the snack machine business however we do have a snack machine for our employees to purchase snacks. Previous recordings of cash deposits from the snack machine were in chart of accounts "Fixed Asset" called Snack Machine under Office Equipment. I don't think this is right. What chart of account should we be depositing the cash into? Maybe other Income?
2) Previous person left a lot of "zero" dollar amount transactions in reconciliation for a number of years. Since these are "zero" dollar amounts, I can select and get rid of them on my next reconciliation without causing any problems to the month...correct?
