Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QuickBooks Online Section 7 - Banking and Tools: Which 4 statements are correct regarding the QuickBooks Online Receipt Capture feature? (Select all four that apply

QuickBooks Online Section 7 - Banking and Tools:

Which 4 statements are correct regarding the QuickBooks Online Receipt Capture feature?

(Select all four that apply - from six statements below)

  • The Receipt Capture feature uses Optical Character Recognition (OCR) technology to read and transform receipt data to QuickBooks Online

  • If QuickBooks Online finds an expense already entered in QuickBooks Online, it will suggest that you match the receipt to the existing transaction

  • You can snap a picture of a receipt, then review, match, or add it directly from the QuickBooks Online mobile app

  • QuickBooks Online will fill in the fields it can for the expense using the OCR data

  • You can assign a payee, account, payment date, category, description, amount, and memo to the expense transaction in the Review screen

  • You can only have one sender email registered to forward receipts in each company

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

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav

13th Edition

8120335643, 136126634, 978-0136126638

More Books

Students also viewed these Accounting questions