Which of the following is correct regarding QBO COA? Multiple Choice By customizing the QBO COA to align with the business tax return, countless hours are saved in preparation time, and tax returns are more accurate. QBO does not encourage editing of its COA since too many errors can be made by changing what was initially set up when the company was organized. QBO does allow editing of the accounts in the COA, however, it only allows authorized users to make changes. QBO codes accounts for tax return preparation tracking. QBO is not able to assist in tax return preparation and only requests legal entity status for COA account purposes. Changes to the COA are encouraged and should happen often.