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NEW QUESTION: 1
Which statement is true for profiles that have a Quarterly frequency selected?
A. You can create reconciliations for those profiles only in periods that have Quarterly frequency selected.
B. They must be assigned a quarterly calendar.
C. The balances for quarterly reconciliations aggregate the balances from monthly reconciliations.
D. You cannot create reconciliations for profiles with transaction matching reconciliation methods for quarterly periods.
Answer: A
Explanation:
Explanation
You begin the reconciliation process for each period by creating reconciliations. You can create reconciliations for all account profiles, or for a filtered list of profiles. The profile frequency, such as monthly or quarterly, must match the period frequency.

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