Overview of QuickBooks Online - Australia

1. When setting up bank feeds there are several options available. Which of the following options is the most secure, reliable & accurate?

• AStandard bank feed
• BDirect bank feed
• CUploading from file
• DBoth A & B

 

2. How can you bring in opening balance customer and supplier invoices to reflect the actual dates on the original documents?

• AEnter the total value of the opening balances for customers and suppliers to a clearing account as part of the opening balances journal, and then enter the invoices and bills individually into QuickBooks Online coding to the same clearing account using the actual date of the invoice or bill
• BEnter the total value of the opening balances for customers and suppliers to a clearing account as part of the opening balances journal, and then enter the invoices and bills individually into QuickBooks Online coding to the same clearing account using the same date as the journal entry
• CImport Invoices and Bills using the Import facility in QuickBooks Online
• DBoth A & C