How do you change an actively used inventory item to a non-inventory item?

Edit the inventory item, select Starting value, and enter the quantity on hand and cost as zero

Zero out the quantity of the inventory item, make it inactive, and set it up again as non-inventory with a slightly different name

Add a new non-inventory item with a slightly different name and then edit the inventory item, change the name to the non-inventory item, and merge

Edit the Inventory item and select change type at the top of the record

Which 2 report types can be produced with tags?

Bank Rule List by Tag Group

Balance Sheet by Tag Group

Trial Balance by Tag Group

Transaction List by Tag Group

Unpaid Bills by Tag Group

Open Invoices by Tag Group

Profit and Loss by Tag Group

In which of these scenarios would tagging be helpful?

A Trial Balance by stream of business is required

An Accounts Receivable report is required for a particular stream of business

Multiple sales reps, commission rates, and managers might have to be tracked for each sales transaction

Adjusting journal entries need to be tagged as entered by client's bookkeeper vs. entered by the accountant

When donating items, why should you look at the transaction journal of the Sales receipt before making the journal entry to record the charitable contribution?

The Sales receipt might affect Cost of Goods Sold in more than one FIFO layer

The Sales receipt might be for an amount greater than zero and an adjustment has to be made

The Sales receipt wont affect inventory and an adjustment has to be made

The Sales receipt affects Cost of Goods Sold using Weighted Average Cost and an adjustment has to be made