Which accountants only tool allows for categorizing

Assignment Help Managerial Accounting
Reference no: EM132632511

Problem 1: Taking care of year-end payroll and contractor reports is a key task when preparing for year-end.

Which of the 2 forms below would need to be sent?

(Select all that apply)

Option 1: W-2s are submitted for employees

Option 2: 1099s for subcontractors

Option 3: 1029 for new hires

Option 4: W-3s for customers

Problem 2: What are 3 Accountant tools in QuickBooks Online?

(Select all that apply)

Option 1: Reclassify Transactions

Option 2: Accountant reports

Option 3: Recurring Transactions

Option 4: Closing Date

Option 5: Report tools

Option 6: Audit log

Problem 3: Which Accountants Only Tool allows for categorizing a couple of transactions or a large batch of transactions in only a few clicks?

Option 1: Recurring Transactions

Option 2: Write Off Invoices

Option 3: Reclassify Transactions

Option 4: Prep for taxes

Problem 4: In the Reclassify transaction screen, which 2 elements of a transaction can be reclassified?

(Select all that apply)

Option 1: Locations

Option 2: Accounts

Option 3: Customers

Option 4: Dates

Option 5: Classes

Problem 5: When should an Accountant user use the Write Off tool?

Option 1: When a client has overpaid

Option 2: When a client has outstanding invoices that will not be paid

Option 3: When you wish to remove a duplicate transaction

Option 4: When a user wants to categorize several transactions quickly

Reference no: EM132632511

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