Quickbooks desktop test 2 - Study guides, Class notes & Summaries

QuickBooks Practice Test 100 Questions with Verified Answers Which of the following reports answers the question "What transactions make up the current balance I owe each Vendor?" - CORRECT ANSWER Vendor Balance Detail - for each vendor, QB lists the transactions that contribute or make up what you owe During the Advanced/Detailed Setup, you can turn on and off which features in the EasyStep Interview? - CORRECT ANSWER All of the above: Sales taxes; Inventory; Progress Invoicing Duri...

Quickbooks Certification Test How is a credit memo different from a refund receipt? - A credit memo affects accounts receivable What are the non-posting transactions related to sales? - Estimate, Delayed Charge, Delayed Credit What lists can be imported from excel spreadsheets when setting up a QBO company? - Chart of Accounts, Customers, Products & Services, Vendors Which of the following is TRUE regarding your chart of accounts, when setting up a new QBO company? - It is possib...

QuickBooks Certification Test Questions and Correct Solutions 2024 Why must you set deposit frequencies for the taxes or deductions your company has to pay (Payroll Liabilities)? - Answer -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? - Answer -1) Sign up for a payroll services; and 2) complete the Payroll Setup Interview What are the 2 main Financial Statements you can run ...

Quickbooks Online Certification Exam Test with Verified Answers Updated 2024 One of the major advantages of all subscription levels of QuickBooks Online have over the desktop version is: - ️️ - All the data is hosted, backed up and secured by Intuit's servers Your client uses QuickBooks Online Simple Start. How many accountant users can your client invite? - ️️ - 2 Your client is moving out of state and wants you to do the monthly accounting in their data file. What would be the...

QuickBooks Practice Test 100 Questions with Verified Answers During the Advanced Setup, you can turn on and off which features in the EasyStep Interview? a. Sales taxes b. Inventory c. Progress Invoicing d. All of the above - CORRECT ANSWER ALL of the above During the Advanced Setup, you can set up a password for which of the following users during the EasyStep Interview? a. Administrator b. External Accountant c. You cannot setup passwords during the EasyStep interview d. Al...

Client Needs Assessment Process - Answer Who, What, When, and How Who? - Answer Get to know who your client is, what they stand for, what they're aiming for and where they're coming from What? - Answer Every business, large or small, has a variety of parts. You need to find our what they are in order to best discuss QBO functionality and benefits with them, When? - Answer How often do they run reports? What are their internal and external deadlines? All of your clients will have compl...

QuickBooks Practice Test 100 Questions with Verified Answers Which of the following reports answers the question "What transactions make up the current balance I owe each Vendor?" - CORRECT ANSWER Vendor Balance Detail - for each vendor, QB lists the transactions that contribute or make up what you owe During the Advanced/Detailed Setup, you can turn on and off which features in the EasyStep Interview? - CORRECT ANSWER All of the above: Sales taxes; Inventory; Progress Invoicing Duri...

QuickBooks Chapter 9 Test with Complete Answers 1: One advantage to customizing reports is that doing so makes the weekly or monthly reports consistent. True 2: You can create unlimited custom fields in a sales form. False 3: When you customize a field on one sales form, the change is applied to all sales forms, such as sales receipts and estimates. True 4: Privacy mode hides financial information only on the Dashboard. True 5: The Apps center link is found on both the Tools and the Prefere...

QuickBooks Certification Test questions and answers graded A+ After quickbooks sets up a chart of accounts in the easy step interview, which of the following is True? It's possible to add more accounts later #Assume that quickbooks is now in single user mode. What does this mean? only one user can access the data file The bank notified you that a customer's check you deposited has bounced. The customer did not have sufficient funds to cover the check. What should you do? Rec...

Test Bank, Practice exam quizzes for Computer Accounting with QuickBooks 2021 20e by Donna Kay. ISBN-10: 2 and ISBN-13: 7004 Chapter 1 QuickBooks Quick Tour: Navigation and Settings Chapter 2 QuickBooks Chart of Accounts Chapter 3 QuickBooks Transactions Chapter 4 Banking Chapter 5 Customers and Sales Chapter 6 Vendors and Expenses Chapter 7 Inventory Chapter 8 Employees and Payroll Chapter 9 QuickBooks Adjustments Chapter 10 QuickBooks Reports Chapter 11 QuickBooks Service Company ...