Database is really useful only if it contains up-to-date data. That is why it is important to appoint someone who will manage and edit data of every Account and every Contact.
The data can be edited in two ways with the same results. The difference is only in accessing the edit.
After you are done with the editing, click Save and you will be brought back to the detailed data of the record.
After clicking Save you will be brought back to the detailed data of the record.