QUESTION 4

1. Which is the best example from those shown here of when you might need to exclude some transactions from a bank feed?

   		Your bank mistakenly imports transactions more than once when first set up
   		You have transactions that are personal expense which you dont want to include in your accounts

10 points

QUESTION 5

1. How do you think Craig can benefit from connecting his bank and credit card accounts to Quickbooks Online?

   		All of his bank and credit card transactions will be synced into QuickBooks Online without him having to enter them
   		He can check, categorize, and approve each bank transaction to make sure its correct so he has full control
   		All of his bank and credit card transactions will be added to his QuickBooks Online automatically without him needing to do anything
   		It will save him time because it will cut down on the amount of data he needs to enter

10 points

QUESTION 6

1. Which of the recurring transactions shown below could be used if the client needed to set up a monthly recurring customers charge including payment?

   		a recurring sales receipt
   		a recurring purchase order for a vendor with no quantities
   		A recurring journal entry for depreciation