Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Why might QuickBooks Online stop you from inactivating a general ledger account? The account is used in an inactive product or service The account is

Why might QuickBooks Online stop you from inactivating a general ledger account?

The account is used in an inactive product or service

The account is an income account with pending billable charges.

The account is a subaccount of an inactive parent account

The account has active subaccounts

Which 2 situations require extra steps before deleting accounts?

If an account you want to make inactive has pending billable charges

If an account you want to make inactive had a balance as of the last fiscal year end

If an account you want to make inactive was created by an Accountant user

If an account you want to make inactive has been used in the last year

If an account you want to make inactive is used in an active product or service

Why might the balance sheet not agree with the Open Invoices Report for a prior period?

Due Date = All Dates

Aging method = Current

Balance sheet is run on accrual basis

Balance sheet is showing non-zero rows

Which 2 of these transaction types cant be batch reclassified with the Reclassify transactions tool?

Credit card credits

Journal entries

Item-based transactions

Vendor credits

Inventory adjustments

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

Employment, Hours, And Earnings 2010 States And Areas

Authors: Sarah E. Baltic

5th Edition

1598884190, 9781598884197

More Books

Students also viewed these Accounting questions