QuickBooks chapter 8 (2022/2023) Rated A+

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QuickBooks chapter 8 (2022/2023) Rated A+ what are the steps to create a profit and loss budget? ✔✔- gear icon - budgeting - add budget - enter info what value do budgets provide a business?... ✔✔- provide internal control over business activities - help ID and resolve problems why should a business reconcile a checking account? ✔✔reconciliation helps ID any unusual transactions that can be caused by fraud or accounting errors. who should prepare a bank reconciliation? ✔✔someone other than the accountant or bookkeeper explain the difference between the Budget Overview Report and budget vs. Actual Report? ✔✔Budget Overview only lists budget data. Budget vs Actual lists budget data and actual transactions what button is used to replicate amounts across several months in the budget worksheet? ✔✔Copy across how do you know if you have correctly reconciled an account? ✔✔there should be a $0 difference what are the steps to change a budget overview report from covering a year to covering just one month? ✔✔change the dates what should you do if you discover a deposit was recorded by the bank but not recorded in the checking account (determined to be an error in the checking account)? ✔✔correct the checking account by adding the check what are the initial steps to begin a bank reconciliation? ✔✔- gear icon - reconcile - get started - maybe later - select 'checking account' for account - date - 'start reconciling' [Show More]

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