DIFFERENTIATE THE UBS TERMS BELOW:

*~*PERIOD VS ACCOUNTING PERIOD*~*

Period refers to calendar year such as year by year.

Accounting period refers to period which a firm prepares its internal or external accounts. It is the interval of time for the firm to report its financial statements as annually, quarterly or monthly.

*~* ADD ENTRY VS QUICK ENTRY*~*

Add entry refers to a single transaction procedure where debit and credit should be entered to complete double entry concept.

Quick entry refers to double transaction procedure where double entry and master account should be entered to generate the other side of double entry automatically.

*~*CLEAR FILE/GENERATE SAMPLE CHART VS DELETE UNWANTED TRANSACTION*~*

Clear file/generate sample chart refers to an account that will clear all the accounts that had done. To clear the account, choose no.6 under housekeeping.

Delete unwanted transaction refers to the transactions which is needed to be deleted. To delete the unwanted transaction, firstly, choose print batch of transaction under transaction. Then select the transaction that need to be deleted. Type (**********) on the reference number and make the debit and credit zero.

*~*EDIT VS V.EDIT*~*

Edit refers to a transaction that allows users to change the transaction only once.

V.Edit refers to transaction that allows users to change more than one transaction in a batch at the same time.