What Functions Are Performed by the Intelligence Software in Managed

question 14

Essay

What functions are performed by the intelligence software in managed hubs?

---

Definitions:

Double-entry Bookkeeping System

A method of bookkeeping where every entry to an account requires a corresponding and opposite entry to a different account, ensuring the accounting equation is always in balance.

Fraud

A deliberate deception to secure unfair or unlawful gain, or to deprive a victim of a legal right.

Trial Balance

A bookkeeping report that lists the balances in each general ledger account at a specific time, ensuring that debits equal credits.

Individual Accounts

Financial accounts that are owned by a single individual, as opposed to joint accounts owned by multiple parties.