QBO allows you to make changes to account names and details and create new accounts as you require them, in the Chart of Accounts. In your view, what are the pros and cons of this feature?

Q: IF YOU ARE GIVEN OPPORTUNITY TO CHOOSE TO OPEN AN ACCOUNT, WHICH WILL YOU PREFER AND WHY?

A: A bank account is the account in which a person can deposit and withdraw his or her money. In order…

Q: Hi - could you please send the CAPM model and explain what it is and when to use it please?  Thank…

A: Capital Asset Pricing Model (CAPM):It defines the relationship of an asset’s expected return with…

Q: As you complete the spreadsheet to account for all the changes in the noncash accounts that occurred…

A: Non cash accounts refers to the accounting expenses that does not involve any cash payment. These…

Q: Answer True or False to each of the following. 1.  To add a customer you click on the Task menu.…

A: "Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Explain open accounts and notes.

A: Open account: It is a sale transaction in which the goods are shipped and delivered before payment…

Q: Choose only one answer as well as state their reasons/rationale for the answer chosen. 8) A data…

A: The answer is provided as follows:

Q: an you show the calculation without using exce

A: Value of a bond today is the sum of present values of all future cash flows from that bond. Cash…

Q: Custom fields can be created ____________________. Select all that apply. Select one or more: A. on…

A: Custom fields helps in tracking the information that is most important for the business and…

Q: A document that asks you to return an identifying part of it with your payment is a(n) ________.A.…

A: For the purpose of processing documents and reports, there are four important steps. These are…

Q: How would the T Account look?

A: T account is the account which is made by the company for each account in which all the transactions…

Q: Can someone explain to me how to make a T account?

A: In financial accounting, all the transactions or the events should be first recorded in the general…

Q: Which of the following can be uploaded to QBO as attachments? Select one: A. Word documents B. Excel…

A: QBO is Quickbooks accounting software that is an online software used for accounting and recording…

Q: Explain an example of post the journal entries to the T-accounts.

A: Journal entry: It is a set of economic events that can be measured in monetary terms. These are…

Q: Please show all equations and work as needed. Make the correct answer clear. If possible, please…

A: Calculation of WACC of firm after leverage (effective after-tax):Answer:WACC after leverage is…

Q: Give a example of accruals and write a numeric example for it with Accountıng entries

A: Meaning of Accrual: Accrual meaning in accounting term means, recognition of revenues and costs as…

Q: Describe the accounts receivable in Microsoft Dynamics AX. Give an example to illustrate its…

A: Account Receivable in Microsoft Dynamics AX is used to track the incoming payments and customer…

Q: How is QuickBooks organized?

A:

Q: Show what you typed into the TVM solver plus any additional work!

A: Information Provided: Future value = $200,000 Monthly savings = $150 APR = 2.75%

Q: Create worksheet on A. albelto Account

A: Accounting work sheet: It is spreadsheet where all the accounting records are kept. In book-keeping…

Q: Categories each transaction using the correct account name

A: Introduction: Classification of account If we want to transfer the journal into ledgers then we…

Q: QuickBooks automatically converts transaction information entered in an onscreen form to a _____.

A: QUICKBOOKS IS AN ACCOUNTING SOFTWARE WHICH IS USED BY SMALL BUSINESS TO KEEP A TRACK OF FINANCIAL…

Q: When can a QuickBooks List be updated?

A: The question is related to updating the quickbooks software. QuickBooks is an user friendly…

Q: After analyzing transactions, the next step would be to post the transactions in the ledger. True…

A: Posting of transactions in the ledger can be done after their recording the journal.

Q: Based on the provided information, how would I be able to create the journal entries to record the…

A: Introduction: Pension expense is the amount charged to expense by a company in relation to its…

Q: In a computer system, how are accounting records posted?a. master file is updated to a transaction…

A: Internal Controls: Internal controls are the controls established within an organization to check…

Q: After completing the journal entries, you must then complete the missing pieces of the T accounts,…

A: Hi, since you have asked a question with multiple subparts we are solving the 1st 3 subparts for…

Q: Please help me answering this in DIRECT METHOD with T-ACCOUNTS. I already have an answer in Indirect…

A: Cash flow statement is the financial statement including only the inflow and outflow of cash from…

Q: Where does the client initiate the setup of QuickBooks Payments

A: QuickBooks seems to be an accounting software company whose services include desktop, internet, and…

Q: make T accounts

A: T accounts are the classified accounts under which all the recorded journal entries are posted. This…

Q: s) and well as ting th nd the

A: 3. Discount Factor: It is the factor used to ascertain what the benefit of getting $1 sooner or…

Q: Access, form

A: Forms in Access allow users to view database or edit it.

Q: dger turo

A: Explanation of Concept Ledger Posting : is the step in the process of preparing the books accounts…

Q: Example of posting reversing entries in the ledger.

A: On the first day of a new accounting period, reversing entries are made to reverse accrual adjusting…

Q: Please make all three questions and answers able to be copied over to word to be able to edit the…

A: Accounting equation means where entity assets is equal to its liability and capital.

Q: In the Invoice Lookup, when view

A: Answer: SAGE 50 is the accounting software that is used by many business to record their day to day…

Q: Why is it necessary to continue to maintain and improve an existing Web site?

A: Regularly updating and maintaining website is crucial to ensuring that site is running at full…

Q: Modify the appearance of the reconciliation using Format Painter and Quick Styles. Set a conditional…

A: Bank Reconciliation Statement:   Bank statement is prepared by bank. The company maintains its own…

Q: Hi! What are the threats and recommendations for this flowchart? Thank you!

A: Production planning includes making of plans of production and manufacturing in order to utilize all…

Q: Post the folowing using T-Accounts

A: Ledgers summarizes  the journal entries so that we can get more information in a Single Format and…

Q: A T-account is * a way of depicting the basic form of an account. what the computer uses to organize…

A: T account is representation of induvial accounts having credit or debit transactions. It depicts the…

Q: What is the name of the accounts that are used to monitor the changes in resources and give the…

A: Active Account shows the balance of the assets. Passive Accounts show the balance of the…

Q: Please solve correctly with explanation and formula. Don't copy from other websites.

A: Initial Cost = 30,000 N = 6 Salvage Value = 5000 Rate = 7℅

Q: For each account, identify if the change would be recorded as a debit (DR) or credit (CR).

A: 1. For Assets: An increase in assets will be recorded as a debit (DR) A decrease in assets will be…

Computerized Accounting System

The Computerized Accounting System is generally a system of maintaining accounts using computers. In this method of accounting system, the accounting transactions are processed through the use of hardware and software to generate the reports such as journals, ledgers, trial balance, trading account, P/L accounts, balance and other reports.