Accounts and Settings is an option available by clicking on the Gear icon in the upper right side of the QBO screen. What is the difference between the Chart of Accounts and Recurring Transactions?

Multiple Choice

• The Chart of Accounts is a list of transactions entered and Recurring Transactions is a list of transactions saved for future use.

• The Chart of Accounts is a list of accounts the company uses and Recurring Transactions is a list of all transactions entered.

• The Chart of Accounts is a list of accounts the company uses and Recurring Transactions are transactions saved for future reuse.

• The Chart of Accounts contains all accounts ever used and available for future use by a company and Recurring Transactions are transactions saved for future use.