QuickBooks Online to record money coming out of a company is:
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One of the main ways to use QuickBooks Online to record money coming out of a company is:
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- 1. When a customer’s deposit is recorded using the Make Deposits window, Quickbooks creates a behind the scenes journal entry that will do what? A. Credit cash and debit checking B. Credit checking and debit undeposited funds C. Debit Checking and credit undeposited funds D. Debit cash and credit checking 2. How can you move your Quickbooks desktop company file, with all of your data, to a new computer? A. Create a portable file and restore it to a new system B. Condense the data file on the old computer to the drive space. Back up the file and then restored the condense data file to the new computer C. Install Quickbooks on the new computer, back up your computer file on the old computer and restore the file to the new system D. Export your company file to excel from the old computer, then copy this file over to your new computer.How can you get your purchase receipts into QuickBooks Online for automatic categorization and matching to your bank feed? O Convert the physical receipts to CSV or TXT files. O Use the Import tool. Set up a transfer for each purchase. O Upload images of them using the built-in receipt capture feature.What are the step(s) when using the Sales with Payment customer workflow? A. Create sales receipts deposited to the Undeposited Funds account > Create Bank Deposit B. Create Sales Receipt deposited to the checking account C. Create Bank Deposit D. Create Invoice > Receive Payment deposited to the Undeposited Funds account > Create Bank Deposit
- Which of the following describes one of the differences between a debit card and a prepaid card? Used by some companies for payroll. Debit cards can be over-drafted Able to make online purchases Can make cash withdrawalsFill in the cash payments journal using the transactions below also.What are some of the ways to be paid for your invoices? Cash, check, credit card. they are all good. Did you know that QuickBooks lets you accept credit card transactions (with a subscription) and also allows you to accept online payments? Do a little research on the Intuit website to learn more about these two payment methods
- Where should you go to set up a new bank feed or link to a bank account in a client's QuickBooks Online company? A. Expenses Center B. Accounting Center C. Sales Center D. Banking CenterWhen matching bank or credit card downloaded transactions to a transaction already recorded in QuickBooks Online, what are the possible actions that appear in the Action column?In QuickBooks Online, the Customer List serves as the accounts receivable subsidiary ledger for the company. O a cash receipts journal. the sales journal. the accounts payable subsidiary ledger for the company.
- What is the relationship between an account and item? What is the Chart of Accounts? What happens if you click on the Home icon? Which transactions in QuickBooks are considered Non-posting? How do you record a payment from a client that is paying multiple invoices? How does the “Enter Bills & Pay Bills” feature differ from the “write check” feature? How do you determine if a check has been reconciled in QuickBooks? How do you export QuickBooks Reports into excel? How do you switch to Multi-User Mode? What is the purpose of having a Single-User Mode? How does Accrual Basis of Accounting differ from Cash Basis? If you want to modify the account or name filters within a specific report you have open, where do you click? What is the keyboard shortcut for the date to jump to “Today’s” Date? What account(s) does an Inventory item post to when it’s purchased? What about when it’s sold? What account(s) does an Inventory item post to when it’s sold? What are some of the different types of…Describe how you can use QuickBooks to perform the following tasks Carry out transfers between accounts Delete a Connected Bank Account Create a Budget Sorted by Customer and Service Item Enter a bill for inventory partDescribe and use the cash payments journal. What steps are followed in posting from cash payments journal to the accounts payable ledger?