Master Budgeting and Reconciliation: Essential Practices for

Chapter 8 Questions 1.Click gear then go to budgeting and click add budget then add the information 2.Budgets help ID, provide internal control over business activities, and resolves problems 3. reconciliation helps ID any unusual transactions that can be caused by fraud or accounting errors. 4. Someone that is not an accountant or bookkeeper 5. The Budget Overview report only lists budget data. Budget vs Actual report lists budget data and actual transactions 6.Copy across 7. The difference should be $0 8. You customize the dates and change the dates 9.correct the checking account by recording the check 10.Click the gear icon then reconcile, click get started, and select "checking account" for account, date, and "start reconciling" Chapter 8 Matching 1.e 2.c 3.f 4.a 5.d 6.b