Differentiate The UBS Terms below :

- Period vs Accounting Period -

Period ~>  The sequence of accounting month. Period 1 refers to first accounting month ; Period 2 refers to second accounting month and so on.

Accounting period ~> time period reflected by a set of financial statements.

- Add entry vs Quick entry -

Add Entry ~>  A single transaction entry procedure. When we enter a debit entry, we have to add credit entry or vice versa to complete the double entry concept.

Quick Entry ~>  A double transaction entry procedure. When we enter one side of double entry, the system will generate the other side of the entry automatically. We need to nominate a Master Account.

- Clear files/Generate sample chart vs delete unwanted transactions -

Clear files/ Generate sample chart ~>  Delete all transaction, batches titles and accounts number that we have done before.

Delete Unwanted Transaction ~>  First, we need to choose transaction, then print batch of transaction. After that, we select the batch and then select the transaction that we want to delete of. We have to type ten start on reference number (**********) and we have ti type debit and credit =0. Then we just click SAVE and OK.

- Edit vs. V.Edit -

Edit ~>  Users need to modify one by one, means it will take more times to done editing.

V.Edit ~>  Help users to modify transactions easier and faster because it does not need to do editing one by one.