QuickBooks Online allows the creation of bank rules, but when would you use them? Identify the 3 correct statements.

To automatically split a transaction

To automatically categorize a transaction by its type

To automatically categorize a transaction by its payee

To automatically delete a transaction

Question

Jerimiah Hunt

Business

28 January, 03:06

QuickBooks Online allows the creation of bank rules, but when would you use them? Identify the 3 correct statements.

To automatically split a transaction

To automatically categorize a transaction by its type

To automatically categorize a transaction by its payee

To automatically delete a transaction

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Answers (1)

Know the Answer?

Damari Walters · Answer 1

To automatically split a transaction To automatically categorize a transaction by its type To automatically categorize a transaction by its payee

Explanation:

The new service called Rules has been added by QuickBooks Online, something that allows you to lay your own requirements to categorize bank and credit card trading.

The last reported fee for a client was formerly the best QuickBooks Online. In some cases this can work fine, but there's far too much transaction variation to operate on all times. This is why it can save money for businesses with routine sales to set rules.

When you press the Split button, the options are shown in the divide of your account, depending on the allotment of percentages for different categories.

Select Explanation or Bank Text carefully. Bank Text scans the whole text in the explanation, while the description checks only the name of the payee "fixed up".

QuickBooks Online allows the creation of bank rules, but when would you use them? Identify the 3 correct statements.To automatically split a transactionTo automatically categorize a transaction by its typeTo automatically categorize a transaction by its payeeTo automatically delete a transaction