Question 5 What are 2 limitations of the Reclassify transactions tool? You...

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Accounting

Question 5
What are 2 limitations of the Reclassify transactions tool?
You can't change the class when reclassifying expense transactions
You can't change the location when reclassifying expense transactions
You can't change the class on deposit transactions
You can't change the payment bank account when reclassifying expense transactions
You can't change the account for inventory adjustments
Question 6
Which accountant-only tool enables you to categorize a large batch of transactions in only a few clicks for any subscription level?
Prep for taxes
Books review
Reclassify transactions
Recurring transactions
Write off invoices
Question 7
Which 2 options are benefits of using the Close the books feature?
It keeps track of any changes made to any transactions dated after the closing date
It keeps unauthorized users from accessing the QuickBooks Online company
It can prevent users from accessing any information in a closed period
It can prevent users from changing transactions in a closed period
It keeps track of any changes made after the closing date was set to closed period transactions
Question 8
Why might an Accountant user not see the Exceptions to Closing Date report in a QuickBooks Online company?
The Accountant user does not have the required permissions to view the report
The Audit Log is not enabled
The Exceptions to Closing Date report is not available in a Simple Start subscription
A closing date has not been set in the company

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