Intuit QuickBooks Certification Exam Questions and Answers
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Course
Quickbooks online
Institution
Quickbooks Online
You've been hired by a company that started in 1911. They've never used QuickBooks. During the Easy Step Interview, what "Start Date" should you use? - Answer-The date you want to begin tracking the company's finances in QuickBooks
When setting up a new company through the Easy Step Interview, s...
Intuit QuickBooks Certification Exam
Questions and Answers
You've been hired by a company that started in 1911. They've never used QuickBooks.
During the Easy Step Interview, what "Start Date" should you use? - Answer-The date
you want to begin tracking the company's finances in QuickBooks
When setting up a new company through the Easy Step Interview, some company
information is optional and some is absolutely required. Which of the following pieces of
information does QuickBooks require you to enter? - Answer-Company name
Which of the following is NOT a backup option in QuickBooks? - Answer-Removes all
transactions while leaving lists, preferences, and service subscriptions intact.
If you choose to "Remove Transactions as of a specific date" from the "Clean Up
Company Data" window, what does QuickBooks do? - Answer-Removes all
transactions while leaving lists, preferences, and service subscriptions intact.
What do the diamonds mean on certain lists (for example, the diamonds to the left of
each Customer: Job)? - Answer-You can click on the diamond and move the list entry to
a different location on the list.
What is the maximum number of names that can be included on the Names lists in
QuickBooks Pro or Premier? - Answer-14,500
What item type should you use for inventory that you assemble from other items and
then sell? - Answer-Inventory Assembly
Which of the following statements is true concerning items? - Answer-You can use one
item to represent different services or goods, Items allow you to track your sales in more
detail without cluttering your Chart of Accounts or Profit & Loss, and To create an
invoice, you must use an item.
When should you create an invoice in QuickBooks? - Answer-When a customer
purchases goods or services but does not pay you at the time of the sale
When should you use a Sales Receipt in QuickBooks? - Answer-To record a customer
payment at the time of sale
How do you track accounts payable in QuickBooks? - Answer-Enter a bill, and then use
the Pay Bills window.
What transaction/form do you begin with to enter a vendor credit? - Answer-Enter Bill
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