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QuickBooks Online Certification Test cheat cheat Questions With Answers!!
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QuickBooks Online Certification Test cheat cheat Questions With Answers!!
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QuickBooks Online Certification Test cheat cheat Questions With Answers!!Can you delete or make inactive something on a list if it has a balance (e.g. Customer, Vendor, or Stock Product, or Account)? - Answer Yes, QuickBooks will automatically create a transaction to make the balance zero.
While setting up a QuickBooks Online account, you accidentally entered the wrong company address. How would you fix this error? - Answer Change it in Account and Settings window, which you can access by clicking the Gear icon and select Account
and Settings.
If you use QuickBooks Online Plus, how do you charge a customer for expenses you
incurred on a project? - Answer When entering the expense, enter the customer name and select the Billable checkbox.
Your boss asks you to remove an account from the Chart of Accounts (you don't use it anymore). How would you do this? - Answer You can't delete an Account from QuickBooks.
Which transaction does not affect the customer's balance? - Answer Estimate
Which transaction CANNOT be made recurring? - Answer Deposit
What do you use Terms for in QuickBooks? - Answer To determine when a customer's invoice is due.
Select the statement that's NOT true about using the QuickBooks app on a mobile device. - Answer You can do everything (all QuickBooks functionality) on the app that can do in your regular QuickBooks (using a browser).
Your Accountant is upset that changes are being made to last year's numbers. How can you stop this from happening? - Answer In the Advanced section of the company
settings, set a Closing Date.
Which of the following statements is TRUE regarding products and services? - Answer When you purchase or sell a product, the value of the purchase or sale flows
to the account (and therefore the financial statement) you selected when you set up the product or service.
Which is NOT a good reason to enter a General Journal Entry? - Answer To avoid using the built-in forms (e.g. checks and invoices)
When should you use the Items Details area (bottom of the screenshot below) on a bill, check or expense? - Answer To track sales tax
When you want to send someone a bill for items
When you purchase stock
The Accounts Payable Aging report can help you stay on top of your business because it lists which of the following? - Answer You can view what you owe and when it's due. QuickBooks Online Certification Test cheat cheat Questions With Answers!!
What information does QuickBooks NOT ask/need when you create a new QuickBooks Online account for a company? - Answer The owner's name
Which section of the Balance Sheet shows your Accounts Receivable balance? - Answer Assets
Your company would like to sell their products online. They ask you to look for an app that makes it easy for customers to buy online. However, they also want you to be efficient. They do NOT want you to have to manually enter these sales into QuinckBooks. They want the sales to automatically update QuickBooks. What's a good place to start looking for an app that can do this? - Answer The Apps tab in QuickBooks.
Your Employer wants to see profit in department A separate from department B. What is the best way to set this up? - Answer Turn on Classes and set up each department as its own class.
You have a customer who hires you to work on several projects. How do you keep the sales and expenses for each project separate so you run reports to see how profitable each project is? - Answer Select the "Track separately" checkbox on the invoices for each job.
Which of the following statements about Users is TRUE? - Answer You can have as many Reports Only and Time Tracking Only users as you want.
Which of the following could explain why a Profit and Loss shows a profit, but the business owner does not have any money in the bank? - Answer The profit and loss was run on the Accrual Basis instead of the Cash Basis
To speed up the set up process you can import certain lists into QuickBooks. Which of the following CAN be imported? - Answer Chart of Accounts, Products and Services, Customers and Vendors
How do you hide all subaccounts on a report? - Answer Click the Collapse button.
You entered a check in QuickBooks to record a purchase of office supplies. Later, you realize this was a credit card purchase. How do you handle this? - Answer Change the Check number to CREDIT
You paid an insurance premium online with an electronic fund transfer (EFT). How would you record this transaction in QuickBooks? - Answer Click the Global Create button, plus sign, and select Expense. Fill out the expense and create/select EFT as the payment method. Save the transaction.
You were hired to set up QuickBooks for a consulting company. The owner asks you
to set up the chart of accounts for that industry. This is easy because... - Answer QuickBooks automatically creates a chart of accounts for you based on the industry.
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