QuickBooks all questions and answers also examinations with answers.

What are the two methods of New Company Setup in QuickBooks? Detailed Start and Express Start What is the QuickBooks EasyStep Interview window designed to do? helps you create and set up a new company file In addition to selecting the method of New Company Setup, what is the QuickBooks Setup w...

QBB QuickBooks file type that is a compressed file that must be restored before it can be used QBW File that is used to enter transactions and obtain reports Which of the following ways can you use to navigate QuickBooks software? Navigation Bar (Icon Bar) Menu Bar Home Page QuickBooks ...

Complete the following statement: The QuickBooks Online ____________ is a platform that you and your clients can use to build the perfect solution, by adding ___________ that bring additional functionality. 1. ecosystem; 2. apps How many points does your firm need to reach the platinum tier of th...

Which of the following is not an input field or selection at the Add New Account window? a. Financial Statement Override b. Description c. Account Type d. Enter Opening Balance a. Financial Statement Override Which of the following is not an available button at the Glad you're here! page w...

Which term best describes the QuickBooks Online environment? Cloud-based Where do you back up your QuickBooks Online data files? you don't Dolly uses QuickBooks Online and is upgrading to a new computer. What do you tell her? Since QuickBooks Online is cloud software, all you have to do is si...

Credit Memos are prepared to record a reduction to a transaction. True When using QuickBooks, checks may not be written in a checkbook. False QuickZoom is a QuickBooks feature that allows detailed information to be displayed. True

How can you review a Transaction Report for any account when you are viewing the Balance Sheet? Select one: a. Click the balance in the account line of the Balance Sheet report to view the Transaction Report. b. Click the Report icon at the top of the Balance Sheet screen, then choose Transaction...

How can you review a Transaction Report for any account when you are viewing the Balance Sheet? Select one: a. Click the balance in the account line of the Balance Sheet report to view the Transaction Report. b. Click the Report icon at the top of the Balance Sheet screen, then choose Transaction...

Subitems do NOT affect the accounting behind the scenes True To edit an existing transaction in QuickBooks, you void it and the re-create it False Lists in QuickBooks are used for storing your list of accounts False

How are bank charges, which have not been recorded in QBO, classified? Bank charges which have not yet been recorded in QBO are not recognized and are temporarily classified as Uncategorized Expense. How are bank deposits, which have not been recorded in QBO, classified? Select one: a. Bank dep...

Data entry is the same in QuickBooks whether you use accrual or cash basis accounting True Always back up your company file to a location NOT on the same hard drive as the original file True The cash basis accounting means the sale transaction is recorded when the sale is made, and expenses ar...

What information is required before setting up a QuickBooks file? (page 42) Bank statement How do you start a new company data file in QuickBooks (Easy Step Interview)? (page 42-46) 1. Click "create a new company" 2. Choose "Express Start" 3. Type in company name 4. Select your industry ...

Although the preset reports DON'T include default headers/footers, you can create them False Take care to use lists in QuickBooks only for their intended purposes False Consistency in entries is the key to using custom fields effectively True

Many companies maintain two checking accounts, one for paying bills and one used exclusively for payroll As a business grows in complexity, the need for special purpose accounts grows accordingly. The process of determining the correct cash balance in an account by comparing company records wi...