Q17 you want to add a new product and services entry

This preview shows page 7 - 11 out of 21 pages.

We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Mathematical Excursions
The document you are viewing contains questions related to this textbook.
Chapter 2 / Exercise 2
Mathematical Excursions
Aufmann
Expert Verified
Q17You want to add a new Product and Services entry to your client’s QuickBooks Online company. The service is installation of a server but doesn’t include the cost of the hardware. Here are some steps for getting the job done. 1. Select the Gear icon, select Products and Services, then select New2. _________________3. In the Name field, type 'Server installation'4. In the Sales information field, type 'Server installation'5. Sale price/rate is $12506. In the Income Account drop-down select Service/Fee Income7. Select Save and closeWhich of the options below correctly fills in Step 2? 
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Mathematical Excursions
The document you are viewing contains questions related to this textbook.
Chapter 2 / Exercise 2
Mathematical Excursions
Aufmann
Expert Verified
Select Service Edit answerReview Answers – Section 2 Submit sectionQ1Your client wants to transfer $500 from their checking account into a savings account to cover tax liabilities for sales made last month.Where should they start the process? Your answer:Navigate to the Quick Create icon, then find the Transfer link Edit answerQ2Look at these two sentences about Undeposited Funds.1. By posting to Undeposited Funds, you can create a single bank deposit for multiple payments, making it easy ___________.2. When receiving a payment, make sure _________________.Which of the options below correctly fills in the blanks? 
 Edit answerQ3 Select the true statement about journal entries in QuickBooks Online.Your answer:Your client can’t create an Adjusting Journal Entry Edit answerQ4 What are 4 benefits of the Online Invoicing feature within QuickBooks Online?
 Edit answerQ5You have a client business who uses invoicing, the Accounts Receivable workflow and they use the Banking screen to record a customer payment received. They select an income account, and then select Add.What 2 problems will this cause? 
 Edit answerQ6 
When would you use the Add other funds to this deposit grid ina Deposit Transaction?Identify the 3 correct options below.
 Edit answer

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture