Verify the data was imported correctly create a

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Verify the data was imported correctly. Create a Balance Sheet and Profit & Loss report in bothQuickBooks Online and Desktop. Customize the date range toAll Dates. Set the accountingmethod toAccrual. Compare the balances, looking for any inconsistencies. (Inconsistencies may beaddressedhere, due to cash vs. accrual basis reporting, FIFO inventory vs. weighted averageinventory, and certain types of multicurrency transactions.)You can re-import data into QuickBooks Online for 60 days from the creation date of theQuickBooks Online company.Warning:Re-importing data will overwrite any existing data in the QuickBooks Online company.
Course 1Get StartedTopic 2: Import DataQuickBooks Online 2020 Client Training18Step by Step:Import Lists into QuickBooks Online1.Open the QuickBooks Online test drive account.2.Navigate to thegeariconImport Dataunder the Tools section.List data may be imported at any time into QuickBooks Online, such as customers, vendors,accounts (i.e., general ledger accounts on the Chart of Accounts) or products and services. Eachoption has a downloadable template to ensure data is properly formatted before import.NOTE:When importing a Chart of Accounts, it does not replace the existing Chart of Accounts; it addsany accounts in your spreadsheet that are not already in QuickBooks Online to the existing accounts.In addition, bank and credit card statements can be manually uploaded and imported (in *.csv, *.qfx,*.qbo, or *.ofx format) into QuickBooks Online when a direct bank feed connection to onlinebanking cannot be established. To establish a bank feed connection, you can connect an onlinebank or credit card account to the appropriate account on the Chart of Accounts by navigating tothe left navigation bar, selectingBankingAdd accountin the top right corner. Future bank andcredit card statements can be uploaded manually either from thegeariconImport DataBankDataaccess point or selectBankingon the left navigation bar then selectFile Upload(or, if the FileUpload button is not displayed, select the drop-down next toUpdatethen selectFile Upload).
Course 1Get StartedTopic 3: Set Up Your CompanyQuickBooks Online 2020 Client Training19Topic 3:Set Up Your CompanyRECOGNIZESTEPS TOSET UP ANDMODIFYLISTS ANDUSERSQuickBooks Online account lists and users can be managed from the gear icon in the top right.Managing lists is an important component of QuickBooks Online. From the gear icon, all lists shouldbe reviewed to make sure they are appropriate for the company. This includes the Chart ofAccounts, Recurring Transactions, Products and Services, Product Categories, Custom Form Styles,Payment Methods, Terms, Attachments, and, if turned on in QuickBooks Online Plus or Advanced,Classes and Locations.

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Term
Fall
Professor
N/A
Tags
Quickbooks, Intuit, Accounting software

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