Vendor credits quickbooks - Study guides, Class notes & Summaries

QuickBooks Certification Practice 100 Questions with Verified Answers When setting up a company, what should you do when you reach the Trial Balance/Opening Balances page? - CORRECT ANSWER There is no page or option called Trial Balance/Opening Balances. You can use the Opening Balance Field when you add Vendors (A/P) and Customers (A/R) to enter these balances. Which of the following CANNOT be entered during the setup of a new company (Express Start or Advanced/Detailed Setup) file? - COR...

What is one reason to not use a bank deposit or journal entry screen to record sales? - Answer If you record sales through the bank deposit or journal screen, the entry will not appear on sales reports. When should you not delete a check? - Answer You printed a check but and the check number has been used. You have a customer that is also a vendor. How do you handle this in quickbooks? - Answer Use "V" at the end of the display name on the vendor record to differentiate the vendor ...

QuickBooks online Exam Questions With Verified Answers | Latest updated 2024 What lists can be imported from Excel spreadsheets, when setting up a QuickBooks Online company? Correct Answer: Chart of Accounts, Customers, Products and Services, and Vendors Which of the following is TRUE regarding your chart of accounts, when setting up a new QuickBooks company? Correct Answer: It is possible to add more accounts after starting a new company. What company information does QuickBooks ask fo...

QuickBooks Certification Test 2023-Solved What is one reason to not use a bank deposit or journal entry screen to record sales? - ANS ️️ If you record sales through the bank deposit or journal screen, the entry will not appear on sales reports. When should you not delete a check? - ANS ️️ You printed a check but and the check number has been used. You have a customer that is also a vendor. How do you handle this in quickbooks? - ANS ️️ Use "V" at the end of the display name ...

QuickBooks Certified User Exam 56 Questions with Verified Answers What information is required before setting up a QuickBooks file? - CORRECT 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)? - CORRECT 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 a...

What lists can be imported from Excel spreadsheets, when setting up a QuickBooks online company? - ANSWER Chart of accounts, Customers, Products and Services, and Vendors Which of the following is TRUE regarding your chart of accounts, when setting up a new QuickBooks company? - ANSWER It is possible to add more accounts after starting a new company What company information does QuickBooks ask for when you first create a new QuickBooks online account? - ANSWER The indus...

QUICKBOOKS FINAL EXAM 2023 QUESTIONS AND ANSWERS Chart of Accounts - ANS ️️ This is the name of the list of accounts the company uses as it conducts its business deits and credits - ANS ️️ each account in the general ledger shows all increase and decreases Accounting - ANS ️️ to edit account names and add account numbers, begin by clicking this option on the Navigation bar create icon > journal entry - ANS ️️ to enter the opening balances in the Journal Entries window...

Q: Direct billing option means? - Answer A: The client pays intuit directly for the QB subscriptions Q: There are four types of products and services - Answer A: Inventory, non-inventory, service, and bundle Q: You want to pass on some of your costs directly to customers in Quickbooks Online. You are able to assign a customer to a cost, but you cannot mark it billable. You need to make costs billable in Quickbooks Online. What should you do? - Answer A: In the account and settings ar...

You're working in Quickbooks at a coffee shop for a few hours and don't want to share all of your company's financial details with everyone there. How can you fix this? - Answer- Click the Private mode switch on the dashboard to prevent sensitive financial information from being displayed in this window. What is the difference between an Invoice and Sales Receipt? - Answer- An Invoice records a sale and how much your customer owes. A Sales Receipt records a sale and the payment you receive...

Quickbooks online Exam Questions With Accurate Answers. What lists can be imported from Excel spreadsheets, when setting up a QuickBooks online company? - answerChart of accounts, Customers, Products and Services, and Vendors Which of the following is TRUE regarding your chart of accounts, when setting up a new QuickBooks company? - answerIt is possible to add more accounts after starting a new company What company information does QuickBooks ask for when you first create a new QuickBooks...