Suppose you are a bookkeeper with Tom's Consulting Services; he has asked you to perform a month-end bank reconciliation. All transactions have Cleared and balanced with your bank statement; however, there are some minor discrepancies. What could be affecting the variance?

What will be a possible bank reconciliation discrepancy?

The keyboard shortcut for Quick Report is:

Creating a credit memo in QuickBooks allows you to do which of the following?

The Cookie Company would like to value their inventory. Which method in QuickBooks Enterprise should be used?

Which account does not have an account register?

Can you accept a credit card payment directly in QuickBooks using your PC or mobile phone?

Can we generate an outstanding dues report for customer by setting up the limit?

Can you email the income statement and balance sheet reports directly from QuickBooks?

Can you link quickbooks directly to your bank account?

If you select more than one bill to pay from the same vendor, Quickbooks automatically combines those payments into one check.