Question 8 Which 3 statements are correct regarding reconciling a bank account in QuickBooks Online? To begin the reconcile process, you need to enter the statement ending date and ending balance from the relevant bank statement Reconciliations must only be run at period end to estimate tax owed The primary admin can undo reconciliations Transactions added or matched in the Banking center are automatically marked tentatively cleared To view the reconciliation report, select History by account Bank accounts can be reconciled only if they are connected through bank feeds
Question 8 Which 3 statements are correct regarding reconciling a bank account in QuickBooks Online? To begin the reconcile process, you need to enter the statement ending date and ending balance from the relevant bank statement Reconciliations must only be run at period end to estimate tax owed The primary admin can undo reconciliations Transactions added or matched in the Banking center are automatically marked tentatively cleared To view the reconciliation report, select History by account Bank accounts can be reconciled only if they are connected through bank feeds
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Question 8
Which 3 statements are correct regarding reconciling a bank account
in QuickBooks Online?
To begin the reconcile process, you need to enter the statement ending date
and ending balance from the relevant bank statement
Reconciliations must only be run at period end to estimate tax owed
The primary admin can undo reconciliations
Transactions added or matched in the Banking center are automatically
marked tentatively cleared
To view the reconciliation report, select History by account
Bank accounts can be reconciled only if they are connected through bank
feeds](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1066883f-1933-4230-9276-88f163579bfa%2F32dd23ea-e61e-4878-93e9-2e6fa15cf57e%2F4pyzorv_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 8
Which 3 statements are correct regarding reconciling a bank account
in QuickBooks Online?
To begin the reconcile process, you need to enter the statement ending date
and ending balance from the relevant bank statement
Reconciliations must only be run at period end to estimate tax owed
The primary admin can undo reconciliations
Transactions added or matched in the Banking center are automatically
marked tentatively cleared
To view the reconciliation report, select History by account
Bank accounts can be reconciled only if they are connected through bank
feeds
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