Quickbooks Certification Study Questions & Answers | 150 Questions with 100% Correct Answers | Verified

Why would you hide or collapse sub accounts on a report? - ANS - To temporarily hide unnecessary detail and hide parent accounts What should you do after you click and Save and Close on a Customer Memo? - ANS - Choose between retained as an available credit, give a refund or apply an invoice Which of the following CAN be memorized in QuickBooks? - ANS - Checks Which is not a Payroll Summary Report in QuickBooks? - ANS - Information necessary to complete your state unemployment tax form 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? - ANS - Record a transaction to show the customer owes you money and that the checking balance has decreased by the same amount Suppose you always want all reports to show a specific size and color, how do you set the standard or preference in QuickBooks so you don't have customize each report? - ANS - Click the reports menu reports and select global report preferences Suppose you want to restrict which users can access customer credit card numbers. How do you do this? - ANS - Give the user access to sales and accounts receivable but do not check the complete credit card numbers