Question

What 2 tasks can be performed from the setup tab in the client'sbooks review?

O verify the chart of accounts has the correct industry- andentity-specific accounts
O identify any accounts that have had no activity in the last 90 days
O review any outstanding transactions 90 days or overlook for any accounts that might have unusual balances
O identify any transactions that do not have payeescheck to see which accounts have been reconciled

Answer 1

From the setup tab in the client's books review, one can verify the chart of accounts for correctness and identify inactive accounts with no activity in the past 90 days.

Step-by-step explanation:

The question pertains to the tasks that can be performed from the setup tab in a client's books review module of an accounting software. Two tasks that can be typically performed are:

• Verifying the chart of accounts to ensure that the correct industry- and entity-specific accounts are present.
• Identifying any accounts that have had no activity in the last 90 days in order to clean up or consolidate the chart of accounts.

Additional tasks that might be related but not specified as options include reviewing outstanding transactions, looking for unusual balances, and checking which accounts have been reconciled. However, in the context of the question, these tasks are not listed as options to be performed from the setup tab in the client's books review.