Quickbooks stuvia - Study guides, Class notes & Summaries

Which three tasks can you perform when using Bank Feeds in the Banking area? (Choose 3) - ANSWER-A. Issue a Stop Payment request for a check B. Match transactions entered in Quickbooks to the bank information as they clear the bank. D. Unreconcile a previously cleared transaction Move each financial report from the list on the left to the correct description on the right. 1) Show assets, liabilities, and equity at one point in time. 2) Used to understand changes in revenues and expendit...

QuickBooks Certification Test Questions & Answers 100% Correct QuickBooks Certification Test Questions & Answers 100% Correct QuickBooks Certification Test Questions & Answers 100% Correct QuickBooks Certification Test Questions & Answers 100% Correct After quickbooks sets up a chart of accounts in the easy step interview, which of the following is True? - ANSWERSIt's possible to add more accounts later #Assume that quickbooks is now in single user mode. What does this mean? - ANSWERSonly o...

Intuit QuickBooks 2023 Certification Exam- Questions and Answers (Graded A+)Intuit QuickBooks 2023 Certification Exam- Questions and Answers (Graded A+)Intuit QuickBooks 2023 Certification Exam- Questions and Answers (Graded A+)Intuit QuickBooks 2023 Certification Exam- Questions and Answers (Graded A+) You've been hired by a company that started in 1911. They've never used QuickBooks. During the EasyStep Interview, what "Start Date" should you use? - ANSWER- The date you want to begin trac...

Lists in QuickBooks Online are used for storing information about your accounts, products, and services - ANSWER-True You should always back up your data files to your computer when using QuickBooks Online. - ANSWER-False If you get a new computer, you will need to reinstall QuickBooks Online on the new computer. - ANSWER-False Liabilities - Equity = Assets; this is the basic accounting equation governing all accounting. - ANSWER-False The cash basis accounting method means the sales...

What information is required before setting up a QuickBooks file? - ANSWER 1. Company name 2. Industry 3. Company type 4. Company contact information 6. Tax ID How do you start a new company data file in QuickBooks (Express Start and Advanced Setup)? - ANSWER File>New Company Three options: 1. Express Start 2. Advanced Setup 3. Other Options (convert from other files) How do you keep the lists and preferences from an old file while removing old transactions? - ANSWER File>Uti...

To memorize a report: - ANSWER Create a report > Memorize The following taxes are reported on form 941 except: - ANSWER State income taxes withheld from the employee paychecks When saving reports as a file to a disk, QuickBooks permits you to select from all of the following file formats except - ANSWER Adobe text file When creating paychecks using QuickBooks, you must deduct withholdings from employees' pay for all of the following except: - ANSWER Federal Unemployment taxes All...

Why must you set deposit frequencies for the taxes or deductions your company has to pay (Payroll Liabilities)? - ANSWERSSo 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? - ANSWERS1) Sign up for a payroll services; and 2) complete the Payroll Setup Interview What are the 2 main Financial Statements you can run from the "Company and Financial" category of reports? - ANSWERSBalan...

Which 4 list types can be directly imported into QuickBooks Online from Excel? -ANSWER- Customers Products and services Vendors Chart of accounts Brian just completed a Client Needs Assessment and his client confirmed that she will require profitability tracking, and needs to create budgets and purchase orders in her accounting solution. What is the minimum QuickBooks Online version suitable for Brian's client? -ANSWER- QuickBooks Online Plus What is one difference between ProAdvisor ...

Which 4 list types can be directly imported into QuickBooks Online from Excel? -ANSWER- Customers Products and services Vendors Chart of accounts Brian just completed a Client Needs Assessment and his client confirmed that she will require profitability tracking, and needs to create budgets and purchase orders in her accounting solution. What is the minimum QuickBooks Online version suitable for Brian's client? -ANSWER- QuickBooks Online Plus What is one difference between ProAdvisor ...

Can you delete or make inactive something on a list if it has a balance (e.g. Customer, Vendor, or Stock Product, or Account)? - ANSWERSYes, 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? - ANSWERSChange it in Account and Settings window, which you can access by clicking the Gear icon and select Account and Settings. If you use QuickB...