Which statement is false regarding vendor credit memos?

Vendor credit memos must be used when vendors refund you money.

Vendor credit memos reduce what you owe the vendor.

The vendor that issues you a vendor credit memo must be on your Vendors List

Vendor credit memos are entered in the same windows as bills

Which statement describes how purchase orders help to organize and inventory receiving? They track inventory you receive so you can monitor how much inventory you have on hand

They reduce your bank account balance by the amount of the purchase

Without purchase orders you wouldnt be able to enter purchases

They keep track of what you received from your vendors versus what is on backorder and will be received later

Suppose you want to create a report that your companys income and expenses for the current year to that of a previous year. Which option is one way to create this report in QuickBooks?

Run the Profit and Loss Standard report and set the Date to This Fiscal Year to Date. Then Click the columns drop down menu and select year

Run the Profit and Loss Standard report and set the Date to This Fiscal Year to Date. Then Click Customize Report and in the Filters tab check the Previous Year checkbox.

Run the Profit and Loss Standard report and set the Date to This Fiscal Year to Date. Then Click Customize Report and in the Display tab check the Previous Year check box

Run the Profit and Loss Standard report and set the Date to This Fiscal Year to date and Previous Year to date

Which statement about reports is true? If you click Customize Report and make changes to a report every time you run the report later it will have those same changes.

You can change the default settings for reports through the Edit > Preferences menu

Every user has access to the same reports

All reports have the same customizations options.

Which button lets you save your customizations on a report so you can more easily run the reports later?

Memorize

Save Customizations

Save for Later

View Report Later