Question

When using Quickbooks, the software automatically transfers the amounts from the general ledger to Excel. The...

When using Quickbooks, the software automatically transfers the amounts from the general ledger to Excel. The accountant can then prepare the financial statements.
True or False?
0 0
Add a comment Improve this question Transcribed image text
Answer #1

The answer is False. In QuickBooks, you have to manually export general ledger details in order to view them in Excel. This can be done through the reports option in QuickBooks, after exporting the general ledgers, it is possible to then prepare the financial statements.

Add a comment
Know the answer?
Add Answer to:
When using Quickbooks, the software automatically transfers the amounts from the general ledger to Excel. The...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 9 of 10 Reports in QuickBooks can be easily corrected and a revised report immediately printed....

    9 of 10 Reports in QuickBooks can be easily corrected and a revised report immediately printed. cannot be modified. are sent to customers and vendors. are displayed for the current date only. 10 of 10 Which statement is false? Every transaction that involves money must be recorded. QuickBooks is designed for the non-accountant as well as the accountant. With accounting software, if an error is noticed, it can be easily corrected. Transactions are entered directly in the general ledger.

  • please help 14. Which of the following can you not do automatically when exporting a QuickBooks...

    please help 14. Which of the following can you not do automatically when exporting a QuickBooks report to Excel? a. Maintain QuickBooks data formatting in Excel b. Have Excel 'Auto-fit' column widths to display all QuickBooks headers and numbers c. Update QuickBooks with the changes entered in Excel d. Have Excel 'Freeze Panes' to keep row and column headers in view when scrolling through data e. None of the above 15. You have entered a Purchase Order in QuickBooks for...

  • 10. Accounting reports, such as the Trial Balance and General Ledger, are located on the Reports...

    10. Accounting reports, such as the Trial Balance and General Ledger, are located on the Reports menu under: a. Company and Financial b. Accountant and Taxes c. List d. Either "a" or "c". You can print multiple reports at a time in Quickbooks by clicking _ in the Reports menu. 5 Points Extra Credit

  • Using the data provided from the general ledger and supplementary records of Company Jack, compute for the missing amounts.

    Using the data provided from the general ledger and supplementary records of Company Jack, compute for the missing amounts.dgvds.png

  • The amounts in the column...... accounting questions 1 The amounts in the Adjustments columns are always...

    The amounts in the column...... accounting questions 1 The amounts in the Adjustments columns are always added to the amounts in the Trial Balance columns to determine the amounts in the Adjusted Trial Balance columns. Select one: O True O False 2 Which of the following is not part of the conceptual framework project? Select one or more: a. Quantitative characteristics. b. Qualitative characteristics. c. Objectives of financial reporting. O d. Basic elements of financial statements. 3 If the Balance...

  • Help with my study questions for QuickBooks premier addition 2020 multiple choice, thanks in advance! 14....

    Help with my study questions for QuickBooks premier addition 2020 multiple choice, thanks in advance! 14. Which of the following can you not do automatically when exporting a QuickBooks report to Excel? a. Maintain QuickBooks data formatting in Excel b. Have Excel ‘Auto-fit’ column widths to display all QuickBooks headers and numbers c. Update QuickBooks with the changes entered in Excel d. Have Excel ‘Freeze Panes’ to keep row and column headers in view when scrolling through data e. None...

  • quick accounting question 1 The amounts in the Adjustments columns are always added to the amounts...

    quick accounting question 1 The amounts in the Adjustments columns are always added to the amounts in the Trial Balance columns to determine the amounts in the Adjusted Trial Balance columns Select one: O True O False 2 Which of the following is not part of the conceptual framework project? Select one or more: a Quantitative characteristics b. Qualitative characteristics. c. Objectives of financial reporting d. Basic elements of financial statements. 3 If the Balance Sheet columns do not balance,...

  • In QuickBooks Online Which statement is true regarding hourly cost rate for Projects? When using the...

    In QuickBooks Online Which statement is true regarding hourly cost rate for Projects? When using the hourly cost rate calculator, the boxes are initially populated from the employee record The hourly cost rate is initially populated by the vendor’s or employee’s billable rate When on the Projects Dashboard, you can enter an hourly cost rate for a vendor Best practice is to use the hourly cost rate field when you are not using QuickBooks Payroll Best practice is to enter...

  • 3-4. Prepare budgetary entries, using general ledger control accounts only, for each of the following unrelated...

    3-4. Prepare budgetary entries, using general ledger control accounts only, for each of the following unrelated situations: a. Anticipated revenues are $10.8 million; anticipated expenditures and encumbrances are $9.4 million. b. Anticipated revenues are $9.7 million; anticipated expenditures and encumbrances are $10.1 million. c. Anticipated revenues are $10.2 million; anticipated transfers from other funds are $1.3 million; anticipated expenditures and encumbrances are $9.7 million; anticipated transfers to other funds are $0.9 million. d. Anticipated revenues are $9.9 million; anticipated transfers...

  • Question 12 1 pts A trial balance is prepared directly from a company's general ledger O...

    Question 12 1 pts A trial balance is prepared directly from a company's general ledger O True O False Question 13 1 pts When a trial balance balances it means that the ending balances in the various accounts are correct. O True O False

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT