QuickBooks Online Test 1 (Latest Update); Questions with Complete Solutions
6 views 0 purchase
Course
Quickbooks online
Institution
Quickbooks Online
QuickBooks Online Test 1 (Latest Update);
Questions with Complete Solutions
You need to set up a new user so they can see reports but can do nothing else in
QuickBooks. Put
the steps for setting up a user who can only see reports in the correct order.
1. Click the
Company menu and choose...
QuickBooks Online Test 1 (Latest Update);
Questions with Complete Solutions
You need to set up a new user so they can see reports but can do nothing else in
QuickBooks. Put
the steps for setting up a user who can only see reports in the correct order.
✔✔1. Click the
Company menu and choose Manage Users.
2. In the Manage Users screen, click New.
3. For User Type, choose Reports Only and click Next.
4. Enter the user's email address and click Next.
5. Click the Reports tab.
You've just been hired as a bookkeeper, and the company's QuickBooks is a
mess. There are
many list entries that are duplicates. You decide to merge list entries to clean up
the lists. Which
of the following statements is true about merging? ✔✔You can only merge
names from the same
type.
, QuickBooks Online Test 1 (Latest Update);
Questions with Complete Solutions
You have two customers with the same name. How do you handle this in
QuickBooks? ✔✔Use
a middle initial or other letter in the display name to make one name different
from the other.
Your customer, Donna Comeback, has gone out of business and you will never
sell to her again.
Put the steps for removing her from the customer list in the correct order. ✔✔1.
Click the
Customer tab.
2. Edit the Customer you want to remove (Donna).
3. Click Make Inactive.
How do delayed charges affect a customer's balance? ✔✔Delayed charges have
no effect on a
customer's balance.
Which of the following statements is true regarding Undeposited Funds in
QuickBooks?
, QuickBooks Online Test 1 (Latest Update);
Questions with Complete Solutions
✔✔Undeposited Funds is an account used to record payments before you make
a deposit.
What is one reason to not use a bank deposit or journal entry screen to record
sales? ✔✔If you
record sales through the bank deposit or journal entry screen, the sale will not
appear on sales
reports.
What transaction should you enter if a customer returns a damaged product or,
in the case of a
service, complains so much you decide to offer a refund? ✔✔Credit Memo
When you invoice for time and costs, where does QuickBooks get the billable
time or costs?
✔✔QuickBooks gets the billable time or costs from billable time entered on
timesheets and/or
billable costs entered on checks and bills.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller TheeGrades. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
