QuickBooks: QuickBooks Package Deal:QuickBooks Final Exam:QuickBooks certification Exam:QuickBooks Certification Test: Questions & Answers : Updated A Plus Guides

you have two customers with the same name. How do you handle this in QuickBooks? (Ans- Use a middle initial or other letter in the display name to make one name different from the other You need to set up a new user so they can see reports but can do nothing else in QuickBooks. Put the steps fo...

Employees and Payroll (Ans- One of the key areas you'll need to discuss is whether the company is run solely by the owner or whether your client has employees (and therefore payroll requirements). Other expense tracking needs (Ans- Your new client may also have to track other expenses, such as...

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

Move each answer financial report from the list on the left to the correct description on the right. 1) Shows assets, liabilities, and equity at one point in time 2) Used to understand changes in revenues and expenditures 3) Shows income, expenses, and net income during a specific time period ...

Adelaide wants all transaction details in her company file, so she'll be entering her historical transactions. Which transactions should she enter first? (Ans- Purchase Orders What can you NOT change after initially setting up a new company? (Ans- Industry type Which of these allows you to ...

Can you delete or make inactive something on a list if it has a balance (e.g. Customer, Vendor, or Stock Product, or Account)? (Ans- Yes, QuickBooks will automatically create a transaction to make the balance zero. While setting up a QuickBooks Online account, you accidentally entered the wrong...

Which of the following CANNOT be entered during the setup of a new company? A. Company name and address B. Chart of accounts C. Trial balance, open balance D. Checking account statement balance (Ans- C After QuickBooks sets up a chart of accounts during the Express Start or Advanced Setup...

What does Accounts Receivable mean? a) These are the total amount of money owed to our vendors from open bills b) These are the invoices that were pre-paid before the product was delivered c) These are accounts used to receive inventory d) It means these are values customers owe us, typically ...

During the Advanced Setup, you can turn on and off which features in the Easy Step Interview? a. Sales taxes b. Inventory c. Progress Invoicing d. All of the above (Ans- D 2. During the Advanced Setup, you can set up a password for which of the following users during the Easy Step Intervi...

Why must you set deposit frequencies for the taxes or deductions your company has to pay (Payroll Liabilities)? (Ans- So that Payroll Liabilities show yp in the Pay Taxes & Other Liabilities list in the Payroll Center What are the first two steps to set up payroll in Quickbooks? (Ans- 1) Si...

For a cash payment on a bill not previously entered in QuickBooks, (Ans- uses the Write Checks window Which of the following is a true statement? (Ans- QuickBooks automatically updates any related reports with information from vendor transactions n QuickBooks, which window is used to recor...

In QuickBooks, what is the meaning of 2% 15 Net 30? a. 2% less amount if paid within 15 days and thereafter invoice amount till 30 days b. 2% more amount if paid within 15 days and thereafter invoice amount till 30 days c. 2% discount if paid within 15 days and 2% more thereafter till 30 days ...

After quickbooks sets up a chart of accounts in the easy step interview, which of the following is True? (Ans- It's possible to add more accounts later #Assume that quickbooks is now in single user mode. What does this mean? (Ans- only one user can access the data file The bank notified y...

One of the major advantages of all subscription levels of QuickBooks Online have over the desktop version is: (Ans- All the data is hosted, backed up and secured by Intuit's servers You use QuickBooks Online Simple Start. How many accountant users can your invite? (Ans- 2 What is a benefi...