Quickbooks stuvia - Study guides, Class notes & Summaries

#Assume that quickbooks is now in single user mode. What does this mean? - ANSWER- 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? - ANSWER- Record a transaction to show the customer owes you the money and that the checking balance decreased by that same amount #How can you ensure that invoice detail does not appear on a customer statement? - A...

Why would you hide or collapse sub accounts on a report? - ANSWERSTo temporarily hide unnecessary detail and hide parent accounts What should you do after you click save & close on a customer credit memo? - ANSWERSChoose between retained as an available credit, give a refund or apply to an invoice Which of the following CAN be memorized in quickbooks? - ANSWERScheck Which is NOT shown on the payroll summary report on quickbooks? - ANSWERSinformation necessary to complete your state unem...

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

QuickBooks Certification: Practice Test | Questions and Complete Answers 100% CorrectQuickBooks Certification: Practice Test | Questions and Complete Answers 100% CorrectQuickBooks Certification: Practice Test | Questions and Complete Answers 100% CorrectQuickBooks Certification: Practice Test | Questions and Complete Answers 100% CorrectQuickBooks Certification: Practice Test | Questions and Complete Answers 100% CorrectHow can you stop yourself and others from deleting, editing, or adding tran...

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...

accounting - ANSWER The process of recording, summarizing, and presenting the financial information of a company in the form of financial statements. accrual basis of accounting - ANSWER An accounting method that requires the recording of revenue when it is earned and the recording of expenses when they are incurred regardless of cash receipts or cash payments. adjusting journal entries - ANSWER Adjustments made to accounts at certain periods of time, such as the end of the month or the en...

QuickBooks Online Certification Test Study Guide | Questions and Answers (Graded A) QuickBooks Online Certification Test Study Guide | Questions and Answers (Graded A) QuickBooks Online Certification Test Study Guide | Questions and Answers (Graded A) QuickBooks Online Certification Test Study Guide | Questions and Answers (Graded A) Can you delete or make inactive something on a list if it has a balance (e.g. Customer, Vendor, or Stock Product, or Account)? - ANSWER- Yes, QuickBooks will ...

You've just been hired as a bookkeeper, and the company's QuickBooks is a mess. There are many list entries that are duplicates. You decide to merge list entries to clean up the lists. Which of the following statements is true about merging? - ANSWER-You can only merge names from the same type. You have two customers with the same name. How do you handle this in QuickBooks? - ANSWER-Use a middle initial or other letter in the display name to make one name different from the other. Your c...

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...

QuickBooks Online Certification Test Questions & Answers 100% Accurate QuickBooks Online Certification Test Questions & Answers 100% Accurate QuickBooks Online Certification Test Questions & Answers 100% Accurate QuickBooks Online Certification Test Questions & Answers 100% Accurate QuickBooks Online Certification Test Questions & Answers 100% Accurate 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, Qu...