🎁BACK-TO-SCHOOL DEAL. Subscribe Now to get 40% OFF at only 8.49 USD/month, only valid until Sep 30th, 2024

Question

Question
Question $7 / 12$ Alan is recording payroll that was processed outside of QuickBooks. Which QuickBooks function would be most useful? Payroll summary Pay bills Journal entries New invoice

Asked By SilverShadow77 at

Answered By Expert

Ted

Expert · 1.5k answers · 1k people helped

Sign in to see the answer

To determine the most useful QuickBooks function for Alan’s situation, we need to analyze each option in the context of recording payroll processed outside of QuickBooks.

Solution By Steps

Step 1: Analyze the context

Alan needs to record payroll that was processed outside of QuickBooks. This implies that the data regarding the payroll transactions is not already integrated into QuickBooks and needs to be manually entered.

Step 2: Evaluate each option

Payroll summary: This function typically summarizes payroll data that is already processed within QuickBooks. Since Alan’s payroll was processed outside, this function would not directly help in recording the transactions.

Pay bills: This function is used to pay outstanding bills. It is not specific to payroll and does not directly help in recording payroll transactions.

Journal entries: This function allows manual entry of financial transactions. It can be used to record any type of transaction, including payroll processed outside of QuickBooks.

New invoice: This function is used to create invoices for sales. It is not relevant to recording payroll transactions.

Step 3: Select the most appropriate function

Based on the analysis, the function that directly addresses the need to record payroll transactions processed outside of QuickBooks is Journal entries. This function allows Alan to manually input the payroll transactions into QuickBooks, ensuring accurate financial records.

Final Answer

The most useful QuickBooks function for Alan to record payroll processed outside of QuickBooks is Journal entries.

🧑‍🏫 More Questions

Chinese influence in Japan was the result of a mutual agreement between the two nations. Chinese warriors conquering Japan's provinces. Japanese imperials adopting many Chinese customs. a mandate from the Chinese emperor to further China's reach.

What is the best definition of the term "characterization"? the way an author presents a character to readers the set of physical traits that describe a fictional character the set of personality traits that describe a fictional character the way readers perceive a character based on the author's description Mark this and retum Save and Exit Next Submit $\square$

Read the poem. The house was silent The sky was dim Until slim rays Stretched high Then morning arrived Fluttering heavy lids And opening eyes. Which words create an order of events in the poem? "silent" and "sky" "until" and "then" "high" and "arrived" "morning" and "eyes"

Exit Assignm Clas प्: 11 o of 33 Concepts completed Multiple Choice Question Which statement below correctly describes merchandise inventory? Merchandise irventory is subtracted from net sales on the income statement to determine gross profit for the period. Merehandise imerenory is an asset reported on the balance sheet and contains the cost of products purchased for sale. Merchandise inventory is an expense account reported on the income statement and contains the cost of products purchased for sale. Merchandise inventory is increased when products are sold to customers. Need help? Review these concept resources. Read About the Concept

4 Which transformation maps the large triangle onto the small triangle? dilation reflection rotation translation Mark this and retum Save and Exit Nox Sibmit m/ContentViewers/AssessmentViewer/Activit.