Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Dougs Diner has a handful of bills that are the same each month which they pay via ACH auto pay. They want to save time

Dougs Diner has a handful of bills that are the same each month which they pay via ACH auto pay. They want to save time entering these transactions by utilizing the Recurring Transactions feature in QuickBooks Online - but still want to view the upcoming expenses in their financial reports. What is the best way to set up the recurring transactions?

A. Set up each bill as an Expense and make recurring

B. Set up each Bill and Bill Payment as recurring transactions

C. Enter the each Bill manually, then set up each Bill Payment as a recurring transaction

D. Set up Rules in the Bank Feed center to automatically map the payments as they clear the bank

E. Set up each Bill as a recurring transaction, then match the payments to the bills in the Bank Feeds center as they clear.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing A Practical Manual For Auditors

Authors: Lawrence Robert Dicksee

1st Edition

1360462546, 978-1360462547

More Books

Students also viewed these Accounting questions

Question

* What is the importance of soil testing in civil engineering?

Answered: 1 week ago

Question

Explain the concept of shear force and bending moment in beams.

Answered: 1 week ago