QBO At year-end, what 2 reports can be used to verify that all bank and credit card accounts on the balance sheet have been reconciled?

Respuesta :

The two most important reports that the accountant will need are the balance sheet and reconciled transaction details by account.

What is a balance sheet?

The balance sheet and reconciled transaction information per account are the two most crucial reports that the accountant will want.

The most crucial reports are the QBO at the end of the year, the balance sheet, and the reconciled transaction information per account.

Due to the chance to look for fraudulent behavior and avoid financial statement problems, reconciling the accounts is a particularly crucial task for both enterprises and individuals.

As a result, option (b) balance sheet detail (e) reconciled transaction details by account is correct.

Learn more about on balance sheet, here

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