Quickbooks Online Advanced - Billable Expenses Exam Questions And Answers All Correct

Quickbooks Online Advanced - Billable Expenses Exam Questions And Answers All Correct What are Billable Charges? - ANS Billable Expenses Billable Time Delayed Charges How do you turn on the billable expense feature? - ANS Accounts and Settings Expenses Check Box Track expenses and items by Customer Select Make Expenses and items billable Select Box Make expenses and items billable Check box Markup with a default Rate Charge Sales Tax How do you create a billable purchase transaction? - ANS Enter an Expense Form Select Vendor Select Bank/Credit Account is checking Category details add the fee Enter a Description (This will transfer to the invoice) Check Billable Box Specify Customer Markup will apply if you set it up Save (This is a posting transaction) Billable Expenses - ANS Non Posting Transaction (Linked to original transaction) IF you uncheck the box it is deleted Can not apply to an income account How to apply billable expense - ANS Open a new invoice Select the Customer You will see any open billable expenses in the drawer Add billable expense it will include markup if you added it but customer won't see on invoice Save How do you track billable expense