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QuickBooks Online Test 1 (Latest Update); Questions with Complete Solutions

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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...

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  • August 26, 2024
  • 17
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • quickbooks online test 1 latest update
  • questions with complete solutions

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  • Quickbooks online
  • Quickbooks online

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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.

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