Monthly Archives: September 2021

How do I set up a contra account or control the natural balance of a GL account in Quickbooks Online?

Contents: Allowance for Doubtful Accounts Trial Balance Contra Account Definition in Accounting Journal Entry for Discount on Bonds Payable Get instant access to video lessons taught by experienced investment bankers. Learn financial statement modeling, DCF, M&A, LBO, Comps and Excel shortcuts. Despite being classified as a liability, it functions more like an asset because benefits […]