Fajer is performing a reconciliation that shows a difference between her QuickBooks account and bank statement. What is the first thing she should do to try to resolve it?

Look for a transaction in the same amount as the difference and ensure whether it should be cleared.

B.

Determine whether there is a bank error.

C.

Cancel the reconciliation and start over or change the difference to a previously cleared amount.

D.	Run a Reconciliation Discrepancy report.

Adelaide wants all transaction details in her company file, so she'll be entering her historical transactions. Which transactions should she enter first?

Answer:

A.

Purchase orders

B.

Invoices

C.

Sales tax payments

D.	Customer payments