FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
Bartleby Related Questions Icon

Related questions

Question
When setting up corporate credit cards, why is it recommended that the parent account not
be connected to bank feeds?
o The parent credit card account cannot be reconciled if the bank feed is connected to it
o QuickBooks Online does not allow parent accounts to have bank feed connections
o If the parent account is connected to bank feeds its sub-accounts cannot be connected to
the bank
o It will create duplicate transactions
expand button
Transcribed Image Text:When setting up corporate credit cards, why is it recommended that the parent account not be connected to bank feeds? o The parent credit card account cannot be reconciled if the bank feed is connected to it o QuickBooks Online does not allow parent accounts to have bank feed connections o If the parent account is connected to bank feeds its sub-accounts cannot be connected to the bank o It will create duplicate transactions
Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Recommended textbooks for you
Text book image
FINANCIAL ACCOUNTING
Accounting
ISBN:9781259964947
Author:Libby
Publisher:MCG
Text book image
Accounting
Accounting
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:Cengage Learning,
Text book image
Accounting Information Systems
Accounting
ISBN:9781337619202
Author:Hall, James A.
Publisher:Cengage Learning,
Text book image
Horngren's Cost Accounting: A Managerial Emphasis...
Accounting
ISBN:9780134475585
Author:Srikant M. Datar, Madhav V. Rajan
Publisher:PEARSON
Text book image
Intermediate Accounting
Accounting
ISBN:9781259722660
Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:McGraw-Hill Education
Text book image
Financial and Managerial Accounting
Accounting
ISBN:9781259726705
Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:McGraw-Hill Education