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2 years ago

What resource is available to help scope out your clients' needs in QBO

1 answer:

8 0

There are ways to use a filter in one's client list so as to aid one to see the needs of the clients in a QuickBooks Online. This is done through Client list lead filter or the new Client Overview feature.

<h3>Why use a Client list lead filter or QuickBooks Online </h3>

Client list lead filter is often used by firms that has multiple employees. With this, one can organize one's team by giving everyone a lead bookkeeper to all client in one's QuickBooks Online Accountant client list.

Through the assignment process, One can filter his or her client list so as to only see the clients that has been given to you or one of your team members.

The new Client Overview feature is a feature on the QuickBooks Online (QBO). It is a Client Overview that helps one to know more about prospect's QBO file and quickly have a rough overview of how much work one needs to do in cleaning up and maintaining the books.

Learn more about QuickBooks Online from

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Which careers require a person to find independence in working alone?

lakkis [162]

Answer:

Visual Arts??

Explanation:

When they work on every visual art project, the artists want to be isolated and away from anyone. Few examples of visual artwork are architecture, craft, painting, and photography, and a lot more can be applied to this category. In any situation, though the artist likes solitude and being alone since it means that they are closer to nature, and can therefore rely more on their work that can be ruined by even the slightest flaw.

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3 years ago

Frederick works in a local government for a certain city. One his primary responsibilities is to check whether the city’s contra

7nadin3 [17]

Answer: B - City administrator

Explanation: took the plato test

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3 years ago

At the beginning of July, CD City has a balance in inventory of $2,850. The following transactions occur during the month of Jul

erastova [34]

Answer:

Gross profit = $ 3950.

Explanation:

July-3. Dr Merchandise Inventory 1750

Cr Accounts payable 1750

( To record purchase of inventory on account)

July-4. Dr Merchandise Inventory 120

Cr Cash 120

( To record payment of freight charges)

July-9 Dr Accounts payable 400

Cr Merchandise Inventory 400

( To record return of inventory)

July-11 Dr Accounts payable 1750

Cr Cash 1750

( To record payment from wholesale music in full)

July-12.a) Dr Cost of goods sold 2450

Cr Merchandise inventory 2450

b) Dr Account receivable 4700

Cr Sales revenue 4700

(To record sales of goods to a customer)

July-15. Dr Cash 4700

Cr Account receivable 4700

( To record receipt from sale of goods)

July-18 Dr Merchandise inventory 2550

Cr Accounts payable 2550

(To record purchase of inventory on account)

July-22.a) Dr Cost of goods sold 1950

Cr merchandise inventory 1950

Dr Account receivable 3650

Cr sales revenue 3650

(To record sales of goods on account)

July-28 Dr Accounts payable 190

Cr Merchandise inventory 190

(To record purchase return)

July-30. Dr Accounts payable 2550

Cr Cash 2550

(To record paid in full).

2. Income statement

Sales (4700+3650) = 8350

Less: Cost of goods sold (2450+1950) =(<u>4400</u>)

Gross profit 3950

7 0

3 years ago

Question 7. The corporate charter of Gagne Corporation allows the issuance of a maximum of 100,000 shares of common stock. Durin

ANTONII [103]

Answer:

Share Authorized = 100,000 Shares

Share issued = 70,000

Share outstanding = 66,000 shares

Explanation:

Data provided in the question:

Number of shares Gagne Corporation allows the issuance = 100,000 shares

Number of shares Gagne sold to shareholders = 70,000

Number of shares reacquired by Gagne = 4,000

Now,

Share Authorized = Number of shares Gagne Corporation allows the issuance

= 100,000 Shares

Share issued = Number of shares Gagne sold to shareholders

= 70,000

Share outstanding = Shares issued - Number of shares reacquired

= 70,000 - 4,000

= 66,000 shares

6 0

3 years ago

Ruby Company produces a chair that requires 5 yards of material per unit. The standard price of one yard of material is $9.10. D

Marrrta [24]

The price variance for Ruby company is at an unfavorable position that is $19,415, the quantity variance stands at $6,370 (favorable condition) and the cost variance has unfavorable balance that is equal to $13,045.

<h3>What is a variance?</h3>

A variance in accounting is the distinction between a forecasted quantity and the real quantity. Variances are common in budgeting, however, you may have a variance in something which you forecast.

As per the information, we have to calculate:

a) Price variance: (Standard Price - Actual price) * Actual Quantity

Price variance: ($9.10 - $9.65) * 35,300

Price variance: $0.55 * 35,300

Price variance: $19,415 Unfavorable.

b) Quantity variance = (Standard Quantity - Actual Quantity) * Standard Price

Quantity variance = (7,200 * 5 - 35,300) * $9.10

Quantity variance = (36,000 - 35,300) * $9.10

Quantity variance = $6,370 Favorable.

C) Cost variance = $19,415 Unfavorable + $6,370 Favorable

Cost variance = $13,045 U

Hence, The price variance for Ruby company is at an unfavorable position that is $19,415, the quantity variance stands at $6,370 (favorable condition) and the cost variance has an unfavorable balance that is equal to $13,045.

learn more about variance:

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2 years ago