Which 2 statements are true for Projects in QuickBooks Online?(Select all that apply)
A client manages rental property income and expenditures on behalf of numerous landlords. Landlords own the properties, which are then rented out to the tenants. The client needs to track by landlord, by property, and by tenants.
Which one method of monitoring income and expenditure would be most appropriate, especially if the client needs to re-charge expenses for costs incurred to maintain properties?
Class tracking is used to categorize income and expense transactions from different sectors.
What are 2 options for assigning classes?(Select all that apply)
You want to customize a P&L report to track the profitability of products and services for a specific job or jobs.
What are 2 ways you can customize the P&L report to do this?(Select all that apply)
Which 3 types of businesses would benefit from using projects or sub-customers?(Select all that apply)
What is the quickest way to do this?
What lets you set up a unique address, phone number, and email address for invoices that are different from the default in Account and Settings?
Exam 5
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Credit-Card
Accounts Receivable
Accounts Payable
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Balance sheet accounts that existed prior to turning on multicurrency are assigned the home currency.
Once you’ve added a transaction in a foreign currency, you cannot delete the currency used from the list.
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Home currency adjustments affect credit-card accounts as an unrealized gain or loss.
Home currency adjustments affect bank accounts as a realized gain or loss.
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Debit Bank $320, Debit Exchange gains and loss $5, Credit Accounts Receivable $325
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Once multi-currency has been enabled, you cannot disable this feature.
For most of the commonly used currencies, the rates are updated every four hours.
Module 6
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The check date in QuickBooks Online is outside the 90-day date range used by bank feeds.
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Select the transaction in the Reconciliation Discrepancy report and change the cleared status.
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From the alert on the reconciliation screen.
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Look at the history of the deleted transaction, enter a new transaction, and mark as reconciled within the bank register.
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Shareholder Loan
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The Bank Rules will export as an Excel file.
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Match transactions already entered.
Apply user-created rule.
Section 7
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Section 9
Section 9
Section 10
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