QuickBooks Quiz Chapter 6 (2023/2024) Already Passed

What are the two methods of New Company Setup in QuickBooks? Detailed Start and Express Start What is the QuickBooks EasyStep Interview window designed to do? helps you create and set up a new company file In addition to selecting the method of New Company Setup, what is the QuickBooks Setup window designed to do? allows you to enter information on customers, vendors, service items, and inventory part items After completing the EasyStep Interview and QuickBooks Setup windows you then take the information and customize it, update it, and prepare the company file for the accrual basis of accounting In a manual accounting system, a company's records are set up by creating a Chart of Accounts and general ledger. In QuickBooks, a company's records are set up by doing all of the following except preparing an income tax return To create a new company file, you choose ____ from the main menu bar, then click ____. File, New Company When you choose to create a new company file in QuickBooks, which is the first window that appears? QuickBooks Setup window If you choose the Detailed Start method of New Company Setup, which window are you then moved to? EasyStep Interview window Although you can leave the EasyStep Interview window before finishing, it is advisable not to leave before saving the company file. You can activate the Next button in the EasyStep Interview window using the keyboard by pressing Alt + N. Why are there two company name fields on the Enter your company info page of the EasyStep Interview window? The first is the "doing business as" company name, and the second is the legal company name. The purpose of the Select your industry type page of the EasyStep Interview window is to recommend preferences and a Chart of Accounts List typical of your business. In QuickBooks, you could password protect all of the following except access to all types of Windows files on your computer