How does Quickbooks online use smart learning?

2 answers:

6 0

QuickBooks Online uses smart learning in its reconciliation tool to help find any rogue transactions.

How does it do this?

It can identify transactions that were posted to the wrong account
It can identify transactions where the posting date was manually entered and has a clearing date that differs from the bank data
It will recognize if transactions have been excluded erroneously from bank feeds (Maybe this)
It will automatically record bank fees and interest earned

kvasek [131]3 years ago

4 0

Answer:

Quick Books Online uses smart learning in its reconciliation tool to help find any rogue transactions by recognizing if transactions have been excluded erroneously from bank feeds. Because bank feeds includes all transactions of bank account. What 2 reasons might mean a transaction needs to be excluded in bank feeds?

Explanation:

You might be interested in

Processing a new employee's employment-related paperwork, acquiring necessary keys and identification cards, and establishing an

jeka94

The answer to this question is a part of Employee onboarding and orientation. An Employee onboarding is the process where a new employee will be welcomed in the company and will inform the new employee of the culture of the company, rules and regulations, and the new hired employee will also receives his or her identification cards, and other related paper works with regards the persons tasks. Also in the employee onboarding, the benefits of the employee are also being discussed to ensure that the new hired employee will know what are his benefits and perks. Employee Onboarding may take at least 3 days depending on the program schedule that the human resource officer had made.

6 0

3 years ago

Cabot Company reported a pretax operating loss of $50,000 for financial reporting and tax purposes in 2018. The enacted tax rate

Nady [450]

Answer and Explanation:

Net Operating loss carryback Amount Rate of Tax Tax Recorded as

Carried back - 2014 $0.0 30% $0.0

Carried back - 2015 $0.0 30% $0.0

Carried back - 2016 $42,000 35% $14,700.0

Carried back - 2017 $8,000.0 40% $3,200.0

Total Carryback $50,000.0 $17,900.0

Journal Entries - Cabot Company

Date Particulars Debit Credit

31-Dec-18 Receivables - Income Tax Refund $17,900

To Income tax benefit - Net Operating Loss $17,900

2. Cabot's net loss for 2018 = -$50,000 + $17,900

= ($32,100)

5 0

3 years ago

What happens when the federal reserve decreases the money supply?

Shtirlitz [24]

The currency would deflate, though this never happens

4 0

3 years ago

A _________________ is a credit transaction where the money is transferred electronically from the customer's credit card compan

SpyIntel [72]

A. credit transaction
Your bank would pay the bill then either charge you for using their money or remove it from your "checking account" depends on the way you have it set up

5 0

4 years ago

The fact that financial services are more plentiful and easier to access means that

DaniilM [7]

A. consumers need to be better informed about what services are available and what those services cost.

8 0

4 years ago