Question

Question 4 Stacy wants to be able to run reports in QuickBooks Online that will tell her which vendors provide the best prices on the products she sells. Which 2 vendor workflows will enable her to create reports with this data? (Select all that apply) Create Bill with product/service items > Pay Bill Create Expense with product/service items Create Expense with account/category detail Create Invoice with product/service items Create Bill with account/category detail > Pay Bill PreviousNext

Answer 1

Answer:

Create bill with product/service items > pay bills

Create expense with product / service items

Explanation:

Statement 1. Create bill with product/service items > pay bills

This will be a filter in the report that we want to generate because higher bill might include discounts that previously wasn't included in the report. This will help us determine which vendor is paying higher than the others.

Statement 1. Create expense with product / service items

This will help us to indicate which product or service is generating more value to the company for that particular vendor because specific cost related to the product or service will highlight how much it is profitable for the company. For example if the company is based US and wants to import its products from a vendor in china then the quality cost will be higher because we cann't control the quality which will increase the warranty claims. If we buy within US then the repair and maintenance cost would be lower because we will not be sending the defected product back to china.