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3- Blaire contracted with a local print shop to print her weekly sales flyers and other advertising materials. Every month, the print shop will deduct
3- Blaire contracted with a local print shop to print her weekly sales flyers and other advertising materials. Every month, the print shop will deduct the cost of the month's printing from her company's checking account. How can Blaire ensure the transactions are categorized properly? A. Create a bank rule. B. Set up a bank feed with the print shop. C. Keep an expense log for printing costs. D. Don't let the print shop make automatic deductions; they should send a monthly bill. 4- In the Banking center Category or Match column, what does an entry like this indicate? A. There is at least one potential matching transaction. B. There is a "money in" EFT transaction in the register. C. There is a bank rule associated with this transaction. D. There is a definite matching transaction. 6-Lamar finds reconciling his bank statement with his QuickBooks file at the end of the month too timeconsuming. Upon learning that his bank offers a bank feed with QuickBooks, Lamar signs up for the service. How will this change his monthly reconciliation? A. It won't. Reconciliation will likely take just as long and be just as complicated. B. He will not have to do reconciliation at all anymore. C. Reconciliation will be quicker because most transactions will be matched already. D. The teller will do the reconciliation for him. 7- Match each description to its term. DESCRIPTIONS TERMS A. Funds are taken directly from the 1. Reconciliation Checking account. 2. Credit card B. After this, write a check or enter a bill reconciliation for the payment. 3. Undeposited C. This comparestransactions that have Funds/Payments to Deposit and haven't yet cleared the bank. 4. Debit card purchase D. This shows all asset, liability, and 5. Balance sheet equity accounts. E. This holds customer payment funds until you deposit them into your bank account
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