QuickBooks Practice Test | Questions & Expertly Verified Answers – 2026 | 2027 (Rated A+)

QuickBooks Practice Test | Questions & Expertly Verified Answers – 2026 | 2027 (Rated A+) Quiz_________________? 1) Sign up for a payroll service; and 2) complete the Payroll Setup Interview. At the end of the Payroll Setup Interview, QuickBooks has an accurate record of employees, earnings, deductions, and payroll history, and you are ready to create your first paycheck. - Answer What are the first two steps to set up payroll in QuickBooks? a. 1) Sign up for a payroll service; and 2) complete the Payroll Setup Interview. b. 1) Sign up for a payroll service; and 2) Setup Payroll Schedules. c. 1) Turn on payroll through preferences; and 2) complete the Payroll Setup Interview. d. 1) Complete the Payroll Setup Interview; and 2) set up employees. Quiz_________________? 14,500 - Answer What is the maximum number of names that can be included on the Names lists in QuickBooks Pro or Premier? a. 10,000 b. 1,000 c. 2,500 d. 14,500 Quiz_________________? Add new users and change their access privileges - Answer Which of these functions can only be performed by the Administrator? a. Merge entries on lists b. Add new users and change their access privileges c. Memorize custom reports d. Back up the data file Quiz_________________? administrator - Answer During the Advanced Setup, you can set up a password for which of the following users during the EasyStep Interview? a. Administrator b. External Accountant c. You cannot setup passwords during the EasyStep interview d. All users Quiz_________________? All of the above A credit memo is used when a customer returns goods or you want to credit them for services you've provided. It "reverses" a sale. - Answer What options do you have after you create a credit memo in QuickBooks? a. Retain as an available credit b. Give a refund c. Apply to an invoice d. All of the above Quiz_________________? ALL of the above - Answer During the Advanced Setup, you can turn on and off which features in the EasyStep Interview? a. Sales taxes b. Inventory c. Progress Invoicing d. All of the above Quiz_________________? All of the above - Answer How do you track sick or vacation time in QuickBooks? a. When you set up an employee, define how QuickBooks should accrue time. b. Set up a sick or vacation wage item. c. Pay an employee with a sick or vacation wage item. d. All of the above. Quiz_________________? All of the above - Answer What are other benefits of using items? a. You can track the actual quantity of goods or services you sell . b. They can save you time by automatically entering a description and price on forms. c. They allow you to track a lot of detail without cluttering your Chart of Accounts. d. All of the above. Quiz_________________? All of the above - Answer What can you do in the Reports & Graphs Preferences (Edit Preferences)? a. Change the summary basis (Accrual or Cash) for all reports b. Change Format options like font color and size c. Set which date to use for aging reports d. All of the above