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10 Cards in this Set
- Front
- Back
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Used to track income and expenses for separate segments of the business
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classes
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Starting in 2011 what editions of Quickbooks can produce a balance sheet by class report
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Premier and Enterprise
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If Class is enabled is the user forced to class when making a journal entry?
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No
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In a retail environment what might class be used to report
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departments
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Are classes used to analyze customers, vendors, or sales items?
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No, those are able to be analyzed without having to use classes
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Where is class turned on in QuickBooks?
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Preferences/'Acccounting/Company
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Is it possible to establish subclasses in Quickbooks
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Yes
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When class is turned on what forms is a class field added to?
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invoices, checks, bills, credit card charges, and other forms.
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What accounts are automatically set up by quickbooks?
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Accounts Receivable, Inventory Asset, Undeposited Funds
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When does QB automatically set up the Accounts Receivable account?
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During the Easy Step interview or the first time an invoice is created
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