Question

What happens if you click Collapse on a report?

1) QuickBooks minimizes the report on the Home Page.
2) QuickBooks only shows data for the current month.
3) QuickBooks hides Subaccounts and only shows Parent accounts.
4) QuickBooks displays the report smaller so you can see other things on your screen.

Answer 1

In QuickBooks, clicking Collapse hides Subaccounts and shows only Parent accounts, providing a simplified summary of the financial data.

Step-by-step explanation:

When you click Collapse on a report in QuickBooks, it hides Subaccounts and shows only the Parent accounts. This action helps to simplify the report by consolidating the information and providing a summarized view of the accounts. It does not minimize the report on the Home Page, filter the data for the current month, or display the report in a smaller size on your screen.

QuickBooks is a full-featured business and financial management suite complete with tools for accounting, inventory, payroll, tax filing, invoicing, bank account tracking and reconciliation, expense management, budgeting, payment processing, and accounts receivable and accounts payable management.