Quickbooks chapter 1 Study guides, Class notes & Summaries

Although the preset reports DON'T include default headers/footers, you can create them False Take care to use lists in QuickBooks only for their intended purposes False Consistency in entries is the key to using custom fields effectively True Use a fixed percentage to change the price of an individual item False After you set up a billing rate level, you choose the appropriate level for specific employees and vendors True While you can pay employees or vendors directly using billing rate...

QuickBooks Chapter 10 Test Questions and Answers 100% Pass Although the preset reports DON'T include default headers/footers, you can create them False Take care to use lists in QuickBooks only for their intended purposes False Consistency in entries is the key to using custom fields effectively True Use a fixed percentage to change the price of an individual item False

QuickBooks Chapter 10 Test Questions and Answers 100% Pass Although the preset reports DON'T include default headers/footers, you can create them False Take care to use lists in QuickBooks only for their intended purposes False Consistency in entries is the key to using custom fields effectively True Use a fixed percentage to change the price of an individual item False After you set up a billing rate level, you choose the appropriate level for specific employees and vendors True While...

Although the preset reports DON'T include default headers/footers, you can create them False Take care to use lists in QuickBooks only for their intended purposes False Consistency in entries is the key to using custom fields effectively True

QuickBooks Chapter 1 Test Latest Update with Verified Solutions Data entry is the same in QuickBooks whether you use accrual or cash basis accounting True Always back up your company file to a location NOT on the same hard drive as the original file True The cash basis accounting means the sale transaction is recorded when the sale is made, and expenses are recorded when they are incurred False QuickBooks for Mac has the same basic look as the Windows version, but the functions are different ...

Data entry is the same in QuickBooks whether you use accrual or cash basis accounting True Always back up your company file to a location NOT on the same hard drive as the original file True The cash basis accounting means the sale transaction is recorded when the sale is made, and expenses are recorded when they are incurred False QuickBooks for Mac has the same basic look as the Windows version, but the functions are different False Leann works for a nonprofit organization. At a past jo...

Many companies maintain two checking accounts, one for paying bills and one used exclusively for payroll As a business grows in complexity, the need for special purpose accounts grows accordingly. The process of determining the correct cash balance in an account by comparing company records with the bank statement is called a(n) bank reconciliation.

Which of the following is not one of the topics covered in Chapter 12? - Answer Setting up payroll Which of the following is not true about the Home page? - Answer Icons can be removed for activated features. Which of the following is not true about the Left Icon bar? - Answer The Left Icon bar must always be displayed in QuickBooks. In QuickBooks terminology, subaccounts are subaccounts of ____ accounts. - Answer parent Accounts are marked as subaccounts for the primary purp...

QuickBooks Chapter 10 Test Questions and Answers 100% Pass Although the preset reports DON'T include default headers/footers, you can create them False Take care to use lists in QuickBooks only for their intended purposes False Consistency in entries is the key to using custom fields effectively True Use a fixed percentage to change the price of an individual item False After you set up a billing rate level, you choose the appropriate level for specific employees and vendors True While yo...

Many companies maintain two checking accounts, one for paying bills and one used exclusively for payroll As a business grows in complexity, the need for special purpose accounts grows accordingly. The process of determining the correct cash balance in an account by comparing company records with the bank statement is called a(n) bank reconciliation. In accounting terms, the movement of money from one account to another is called a(n) transfer