Quickbooks n - Study guides, Class notes & Summaries

For a cash payment on a bill not previously entered in QuickBooks, (Ans- uses the Write Checks window Which of the following is a true statement? (Ans- QuickBooks automatically updates any related reports with information from vendor transactions n QuickBooks, which window is used to record a purchase on account? (Ans- Enter Bills window The Unpaid Bills Detail report does not (Ans- show vendors that have not sent bills Which of the following is false? (Ans- Payment for a cas...

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...

QuickBooks Chapter 10 Questions and Answers Rated A+ 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) t...

QuickBooks Chapter 10 Questions and Answers Rated A+ 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) t...

Each generation of computer hardware has exhibited increased processing power and decreased costs. Answer - What is True? Without a(n) ________ an Amazon Kindle wouldn't work. Answer - CPU Random access memory (RAM) temporarily holds a portion of a software program and small amounts of data, when they are brought from secondary storage. Answer - What is True? An optical storage device is a form of secondary storage device, on which data are not recorded permanently. Answer - What is Fa...

In QuickBooks, the Enter Sales Receipts window will result in a debit to - Answer-the Cash or Undeposited Funds account. A sale on account - Answer-creates an account receivable Which statement is false? - Answer-Customers can be added or edited in the Customer Center, but not deleted Which of the following is false? - Answer-Cash sales for which payment is received immediately do not need to be entered in a QuickBooks window. The Open Invoices report does not - Answer-show a custome...

1. Which is not a benefit of using the QuickBooks Online Apps for Mac and Windows? 2. How do you create a recurring invoice in QuickBooks Online? 3. Which of the following summary information of activity from clients' QBO companies can be found in the Client list grid in QuickBooks Online Accountant? 4. Which of the following is an accurate statement about the Your Books section in QuickBooks Online Accountant? 5. How is a Credit Memo different from a Refund Receipt? ...

The company that hires the workers is referred to as the employer A(n) ____ is the person hired by a company who will receive salary or wages on a regular basis. employee Payroll involves all of the following except preparing a spreadsheet with government agencies names and addresses. Withholdings generally refer to the payroll taxes the employer is required to take out of the employee's paycheck and submit to the appropriate government agency. ____ generally refer(s) to amounts taken ou...

QuickBooks Online Certification Questions and Answers Graded A+ One of the major advantages of all subscription levels of QuickBooks Online have over the desktop version is: All the data is hosted, backed up and secured by Intuit's servers You use QuickBooks Online Simple Start. How many accountant users can your invite? 2 What is a benefit of Quickbooks Online vs Quickbooks Desktop as far as access? Online access data anytime, anywhere How many regular (not accountant Users) can access a Q...

Quickbooks Exam Revised Questions With Correct Answers n what QBO subscriptions can you prepare and print 1099s? - ANS Plus and Advanced What is the migration utility? - ANS A tool that assists with importing all data from a QuickBooks Desktop company file to QuickBooks Online Why create the Chart of Accounts? - ANS To categorize assets, liabilities, expenditures, and revenue From where do you access the Sales(/Invoicing) center? - ANS Navigation bar Barry wants to show appr...