Question: QuickBooks Online uses smart learning in its reconciliation tool to help find any rogue transactions. How? It can identify transactions that were posted to the

QuickBooks Online uses smart learning in its reconciliation tool to help find any rogue transactions.

How?

  • It can identify transactions that were posted to the wrong account
  • It can identify transactions where the posting date was manually entered and has a clearing date that differs from the bank data
  • It will recognize if transactions have been excluded erroneously from bank feeds
  • It will automatically record bank fees and interest earned

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Trial Balance at 30.6.22 This Trial Balance was prepared by Business to Business Accounting Pty Ltd (Trial Balance was prepared PRIOR to any Depreciation, Balance Day Adjustments and Closing Entries)...

Q:

QuickBooks Online uses smart learning in its reconciliation tool to help find any rogue transactions. Which way does QuickBooks achieve this function? It can identify transactions that were posted to...

Q:

QuickBooks Online uses smart learning in its reconciliation tool to help find any rogue transactions How does it do this? It can identify transactions that were posted to the wrong account It can...

Q:

Question 9 QuickBooks Online uses smart learning in its reconciliation tool to help find any rogue transactions. How does it do it? It can identify transactions that were posted to the wrong account...

Q:

Question 11 QuickBooks Online uses smart learning in its reconciliation tool to help find any rogue transactions. How does it do this? It can identify transactions that were posted to the wrong...

Q:

Question 7 QuickBooks Online uses smart learning in its reconciliation tool to help find any rogue transactions. How does it do this? It can identify transactions that were posted to the wrong...

Q:

Question 9 QuickBooks Online uses smart learning in its reconciliation tool to help find any rogue transactions. How does it do this? ('1 It can identify transactions that were posted to the wrong...

Q:

Benefits Training Question 14 How does QuickBooks Online use smart learning in its reconciliation tool to help find any hidden transactions? It can identify transactions that were posted to the wrong...

Q:

> on 14 How does QuickBooks Online use smart learning in its reconciliation tool to help find any hidden transactions? It automatically records bank fees and interest earned It can identify...

Q:

sallyQuestion 1 Where can you go in the Banking Center to review downloaded bank feed transactions that have already been matched to existing transactions in QuickBooks Online? a)For Review tab...

Q:

sallyQuestion 1 Where can you go in the Banking Center to review downloaded bank feed transactions that have already been matched to existing transactions in QuickBooks Online? a)For Review tab...

Q:

Consider a 12 -bit ADC and full-scale voltage measurement range of 12V to + 12V. Find the resolution and % error.[2 Marks]Compare LED and LCD. (any for points) Various parameters of the Schering...

Q:

In exercises 25.8 and 25.9, we illustrated how firms in an oligopoly can collude through mergers or through the formation of cartel agreements. We did this for different bargaining and economic...

Q:

5. Which event procedure contains the code to process when a check box is selected by the user? a. Checked b. CheckBoxChanged c. CheckedChanged d. SelectedCheckBox

Q:

A telephone call occurs at random between 9:00 a.m. and 11:00 a.m. Thus, the probability that the call occurs between 9:30 a.m. and 10:45 a.m. is 5/8 9/11 .c C 7/8 .d O 5/11

Q:

Let X and Y be independent random variables with joint probability density function fXY(x, y) = 1/3 (x + y), 0

Q:

f(n) = n - 100 and g(n) = n - 200 !! Select one: a. None of these O b. f(n)=0(g(n)) O . (n)=0(g(n)) O d. f(n)=(g(n))

Q:

After generating the AVL tree from the list: 7, 10, 15, 25, 22, 13, 11, 5, 9, 3, 6, 1 The root is O a. 13 O b. 7 O c. 15 O d. 10

Q:

Select one of the prompts below that interests you and make your initial post by Thursday, then engage and post with your peers on the other prompts. Of course, one response is just the minimum...

Q:

The visual rule: If we observe an event with our own eyes, we will attach more weight to it than if someone else had described it to us.

Q:

10. What is meant by the fact that we are socialized into using linear causal thought patterns? Find two examples of this from your everyday life.

Q:

The senders expertise; certification, i.e. the senders educational background