Question

In: Accounting

Freddie’s Food Service uses QuickBooks Desktop. They do not track or sell inventory. They have regular...

  1. Freddie’s Food Service uses QuickBooks Desktop. They do not track or sell inventory. They have regular customers that they want to invoice automatically on a weekly basis. They would like to review a Sales by Customer by Month report regularly. The company currently pays their vendors in QuickBooks Desktop using the online bill pay service, QuickBooks Bill Pay.

After converting to QuickBooks Online, which 3 setup and customization steps are appropriate for this client? (Select all that apply)

  1. Customize reports
  2. Turn off multicurrency
  3. Rebuild data
  4. Review recurring transactions
  5. Set up initial quantity on hand and cost for each product
  6. Set up and implement an online bill pay service

Solutions

Expert Solution

Freddie's food service do not keep track or sell inventory. They want to invoice automatically on weekly basis as they have regular customers. They want to review Sales by customer by Month report regularly. After converting to QuickBooks online, setups and customization are required as follows:

1. Customize reports as they need to review the Sales to customer on monthly basis.

2. Set up initial quantity on hand and cost for each product

3. Set up and implement an online bill pay service.


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