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You are reviewing the Client Overview tab for a new client to determine the scope of a bookkeeping clean-up engagement. You notice that there is
You are reviewing the Client Overview tab for a new client to determine the scope of a bookkeeping clean-up engagement. You notice that there is a large amount in the Opening Balance Equity account. Which 3 reasons could be causing this balance? (Select all that apply) O The client has added transactions in the Banking Center without assigning an account to them O Opening balances for one or more Product/Service items were entered during the setup process The client entered an Opening Balance when creating a new Other Current Asset account O Opening balances were included when importing Customers, using the Import Data tool You are reviewing the Client Overview tab for a new client to determine the scope of a bookkeeping clean-up engagement. You notice that there is a large amount in the Opening Balance Equity account. Which 3 reasons could be causing this balance? (Select all that apply) O The client has added transactions in the Banking Center without assigning an account to them O Opening balances for one or more Product/Service items were entered during the setup process The client entered an Opening Balance when creating a new Other Current Asset account O Opening balances were included when importing Customers, using the Import Data tool
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