All of the following are true regarding QBO except:
A)A company's Chart of Accounts can be customized in QBO to track information needed to complete the tax return.
B)A QBO goal is to see that the Chart of Accounts feeds into the tax return lines.
C)QBO focuses most on providing detailed reports for its users and is not overly concerned about tax return preparation.
D)It is important to know which tax form a company uses to best tailor the Chart of Accounts to feed into the tax return.

Question

Quizplus · Accepted Answer

This is the only statement that is false. QBO does focus on providing detailed reports, but it is also designed to make tax return preparation easier by customizing the Chart of Accounts to feed into the appropriate tax lines.

All of the Following Are True Regarding QBO Except