Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which 4 statements are correct regarding the QuickBooks Online Receipt Capture feature?(Select all that apply) The Receipt Capture feature uses Optical Character Recognition (OCR) technology

Which 4 statements are correct regarding the QuickBooks Online Receipt Capture feature?(Select all that apply)

  • 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 with AI-Powered 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

Horngrens Financial and Managerial Accounting

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

4th Edition

978-0133251241, 9780133427516, 133251241, 013342751X, 978-0133255584

Students also viewed these Accounting questions