Quickbooks certifi - Study guides, Class notes & Summaries

Quickbooks Certification Study Guide

QuickBooks Certification Exam Study Guide Questions And Answers Why would you hide or collapse sub accounts on a report? - To temporarily hide unnecessary detail and hide parent accounts What should you do after you click save & close on a customer credit memo? - Choose between retained as an available credit, give a refund or apply to an invoice

Quickbooks Certification Questions with Verified 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 fro...

QuickBooks Certification Test Questions and Answers 100% Solved Which 2 QuickBooks Online billing options include a discount on QuickBooks Time? A. ProAdvisor discount B. Direct discount C. Revenue share A. ProAdvisor discount B. Direct discount Where would you go to enable account numbering in the chart of accounts? A. The Chart of accounts tab in Account and Settings B. The Customization option from Accountant Tools C. The Advanced tab in Account and Settings D. The Enable account ...

QuickBooks Certification Exam Practice 111 Questions with Verified Answers Which of the following should you do at the end of an accounting period? - CORRECT ANSWER all of the above: - reconcile cash, credit card, and loan accounts against period-end statements - run reports for the period and verify their accuracy - enter depreciation entries which of the following is true? - CORRECT ANSWER the total credits must match the total debits in each general journal entry when might you ne...

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...

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 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 ...

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...

Which of the following CANNOT be entered during the setup of a new company? A. Company name and address B. Chart of accounts C. Trial balance, open balance D. Checking account statement balance (Ans- C After QuickBooks sets up a chart of accounts during the Express Start or Advanced Setup, which of the following is TRUE? A. Accounts open balances can be changed. B. It is possible to add more accounts later. C. New accounts can only be added during the Express Start or Advanced Se...

During the Advanced/Detailed setup, you can turn on and off which features in the Easy Step Interview? a) Progress invoicing b) Sales taxes c) Inventory d) All of these are correct - ️️d) All of these are correct How can you stop yourself and others from deleting, editing, or adding transactions in a closed period? - ️️Set a closing date How do you combine or merge two list entries? a) From the bottom of the list, click the Activities menu and select combine entries b) Open the l...