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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
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