1. A vendor currently has payment terms of Net 10. The terms change to Net 15 starting today for all future bills. This is a new term that you have not used before. Which two actions must you complete to support this change? ( Choose 2)

   1. On the ACCOUNTANT AND SETTINGS area, set the preferred invoice terms to NET 15.

   2. Edit the vendor record IN the TERMS list, select NET 15.

   3. Open each unpaid bill for the vendor and change the terms to NET 15.

   4. In the ALL LISTS area,go to the TERMS list. Add the term NET 15 to the list

2. What is a bank rule?

   1. A list of the events that happens to your company file

   2. A list of the types of financial accounts QuickBooks online can be connect to

   3. A list of the payment terms for customer

   4. A list of criteria QuickBooks Online uses to automatically categorize transactions for you