QBO|2023 LATEST UPDATE|GUARANTEED SUCCESS

If you don't download bank transactions, how do you enter a business lunch paid for with the company debit card? A. Click the Global Create Button and Select Expense. Fill out the expense and use Debit Card as the payment method. B. Click the Global Create Button and Select Debit Card. Fill out the debit card charge and save transactions. C. Click the Global Create button and select Bill. Enter a bill for the meal. Then click the global Create button again and select Pay Bills. Now enter the payment of the bill for lunch. D. Click the Global Create Button and select Check. Fill out the expense and save the transaction. A. Click the Global Create Button and Select Expense. Fill out the expense and use Debit Card as the payment method. Which of the following is true in regrading Journal entries? A. Journal entries require a good understanding of debits and credits and a great deal of care should be taken by non-accountants when entering them. B. journal entries should not be used during year-end adjustments. C. Enter a Journal Entry when you're not sure which form to use. D. Journal entries should not be enter depreciation. A. Journal entries require a good understanding of debits and credits and a great deal of care should be taken by non-accountants when entering them. Your company has sales rep and you need to keep track of the sales rep associated with each sale. How would you track sales reps on sales forms? A. Enter each sales rep as a vendor and select them as the vendor on sales forms. B. Use the sales rep field that appears as a default on all sales forms. C. Navigate to Account and Settings, and in the Sales category of settings, create a custom field for sales reps. D. You can't track sales reps in Quickbooks. C. Navigate to Account and Settings, and in the Sales category of settings, create a custom field for sales reps. Put the two steps for customizing an invoice in the correct order.(two steps) A. Select custom Form styles B. At the bottom of the invoice, click "Edit" C. Open an Invoice D. Click the settings (gear) icon 1.D. Click the settings (gear) icon 2. A. Select custom Form styles Select the statement that's true about the Apps tab in quick books. A. All the apps are created by QuickBooks (or Intuit, the makers of QBs. B. Use it to track appointments . C. Use it to add games for Quickbooks uses to enjoy during their breaks. D. Use it to find an app designed for a specific business function that also syncs with QuickBooks so you don't have to enter data twice. D. Use it to find an app designed for a specific business function that also syncs with QuickBooks so you don't have to enter data twice. You're a consultant and you invoiced a customer last year for 6 hours of service. They still haven't paid you! You spoke to them and found that you accidentally invoiced them for 10 hours! NOTE: You've already filled your taxes for last year. Put the steps to record that they only owe you for 6 hours in the right order. A. Click Customer Discount. B. Click Credit Memo. C. Save the transaction. D. Enter the customer information, the service you used on the original invoice,and a quantity of 4. E. Enter the customer information, the service you used on the original invoice, and quantity of 6. F. Click the global Create icon. G. Click adjust sales. F. Click the global Create icon. B. Click Credit Memo. D. Enter the customer information, the service you used on the original invoice,and a quantity of 4. C. Save the transaction. What feature of Quickbooks lets you set how long a customer has to pay an invoice? A. Classes B. Delayed Charges. C. Terms D. Estimates C. Terms You are creating an expense to record a purchase made with your Visa Debit Card. What account do you put in the account field at the top of the form (drop down menu). A. Debit card B. VISA C. Checking Account. D. Credit card C. Checking Account. Your employer wants to invoice for the purchases they make but there isn't a billable check mark or field to record which customer should be invoiced for the expense. Put the steps to set up QB to handle billable expenses in the correct order. A. Click the Settings Icon B. Click the Expenses Tab. Select "track expenses and items as billable." C. Click "Custom Form styles" D. Click Account and Settings E. Edit the Expenses Tab. Select "track expenses and items as billable" A. Click the Settings Icon D. Click Account and Settings B. Click the Expenses Tab. Select "track expenses and items as billable." You just bought something from a customer. How do you set this customer up as a vendor in Quickbooks? A.Select the customer and click edit. Tick the "also a vendor" box to make them both a vendor and a customer. B. You cant buy things from customer in QBO. C. Navigate to the vendors list and create a new vendor. In the "Display Name as" field, enter the customer's name but add something unique, like "vendor" at the end of the name. D. Right click the name on the customers List and select " Enable vendor mode" C. Navigate to the vendors list and create a new vendor. In the "Display Name as" field, enter the customer's name but add something unique, like "vendor" at the end of the name. Your company no longer sells a particular item. A. Click save B. Click the settings icon. C. In the edit product window, click the "remove on save box". D. Under Lists, click Products and Services E Select edit next to the product you want to remove. F. To the right of the product you want to remove, click the drop down list and select Make Inactive. B. Click the settings icon. D. Under Lists, click Products and Services F. To the right of the product you want to remove, click the drop down list and select Make Inactive. You spend hours customizing a report so it contains the exact information you need. However, you don't want to spend hours every time you want the same report. You want to be able to run the report without customizing it again. (4 steps). A. In the "Where to place report" window, choose which area of the reports page you want to keep it. B. When the report is customized to your liking, click the "create new report based on this one" box. C. Name the report and click save. D. To run the report, click the reports tab and select the my custom reports tab. E. To run the report, click the reports tab and select the area where you told QBs to save the reports. F. When the reports is customized to your liking, Click "save customization" G. Click the name of the report to run it. F. When the reports is customized to your liking, click "save customization" C. Name the report and click save. D. To run the report, click the reports tab and select the my custom reports tab. G. Click the name of the report to run it. How do you backup and keep QuickBooks up to date Between users? A. From the company settings preferences, set up the company file to automatically save when closing. B. You don't need to backup because it's always backed up in cloud. Save the file before closing it. D. Each user has to have the same browser. B. You don't need to backup because it's always backed up in cloud. You used a credit card and need to record the transaction in quickbooks(you do not use online banking so you have to do this manually). (3 Steps) A. Click the Global Create Button and select Credit card. B. Click the Global Create button and select Card Charge. C. Click the global Create button and select Check D. Click the Global create button and select Expense E. In the account field at the top, select the credit card account. F. Enter the word "Credit Card" as the check number. G. Record how much you charged and what you purchased. D. Click the Global create button and select Expense G. Record how much you charged and what you purchased. E. In the account field at the top, select the credit card account. Your customer walked in, purchases two widgets and gave you cash. After receiving the payment, and thanking them, you decide to record the sale in QuickBooks. (4 Steps) A. Click Receive payment B. Click invoice. C. Save the transaction. D. Click the global Create icon. E. Click record a sale. F. Enter the sale and payment information G. Click sales receipt D. Click the global Create icon. G. Click sales receipt F. Enter the sale and payment information C. Save the transaction. Why would you hide (or collapse) sub accounts on a report? A. You cannot hide sub accounts on a report. B. To send the report to excel, you can only export a report that is collapsed. C. To email the report, you can only email report that is collapsed. D. To temporarily hide unnecessary detail and only show parent accounts D. To temporarily hide unnecessary detail and only show parent accounts Why would you recommend recording sales with invoices and Sales Receipts instead of recording the sale with a Journal entry or on the record deposit screen? A. The sale will appear on sales reports ( they don't if you use the "record Deposit" or journal entry screen). B. You can email or print the sale for customers. C. You can run reports that your sales by product or service D. All of the above. D. All of the above.