First month of fiscal year


Assignment Task: Company Settings: Advanced

All associated information and instructions for the Chapter 11 project are presented between pages 534 and 598 in the text. The steps for setting up a new company in Section 11.2 (pages 540-546) must be attempted before attempting any of the following questions.

QBO Advanced Settings are preferences related to advanced items that are not listed under the other preference settings.

Select Gear icon > Account and Settings

Select Advanced tab

Required:

Answer the following questions about Mookie The Beagle Coach QBO Advanced Settings.

1. First month of fiscal year?

2. First month of income tax year?

3. Accounting method?

4. Close the books?

5. Tax form?

6. Enable account numbers?

7. Pre-fill forms with previously entered content?

8. Automatically apply bill payments?

9. Warn if duplicate check number is used?

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Accounting Basics: First month of fiscal year
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