QUICK BOOKS CERTIFICATION EXAM LATEST
2024/2025 QUESTIONS & CORRECT VERIFIED ANSWERS
100% GUARANTEED (GRADE A+)
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 save & close on a customer credit memo?
Ans>> Choose between retained as an available credit, give a refund or apply to an invoice
Which of the following CAN be memorized in quickbooks?
Ans>> check
Which is NOT shown on the payroll summary report on 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 the money and that the checking
balance decreased by that same amount
1
,Suppose you always want all reports to show a specific size and color,how do you set standard
preference in quickbooks so you don't have to customize each report?
Ans>> Click the edit menu and select preferences then click the reports and graphs group to set
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
Which of the following is a possible reason for a bank reconciliation discrepancy?
Ans>> The beginning balance calculated by quickbooks does not match last months ending
balance
which of the following statements is TRUE regarding Undeposited funds?
Ans>> It is an account used to record payments before you make a deposit
Which accounts are affected when you enter Time in quickbooks?
2
, Ans>> Accounts receivable
Workers who require a W2 tax form at the end of the year should be added to which of the
following lists?
Ans>> Employee
If you have customized report that you use each month, which feature lets you run the
Ans>> Memorize Report
What is the primary reason for setting a closing date in Quickbooks?
Ans>> To restrict users from deleting, editing or adding transactions to last year
Your new employee earned an annual salary of $40,000. How do you enter this into quickbooks?
Ans>> Enter 40,000 in the payroll info window
What steps must you complete to use the payroll center to pay payroll liabilities
Ans>> set deposit frequencies
3
2024/2025 QUESTIONS & CORRECT VERIFIED ANSWERS
100% GUARANTEED (GRADE A+)
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 save & close on a customer credit memo?
Ans>> Choose between retained as an available credit, give a refund or apply to an invoice
Which of the following CAN be memorized in quickbooks?
Ans>> check
Which is NOT shown on the payroll summary report on 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 the money and that the checking
balance decreased by that same amount
1
,Suppose you always want all reports to show a specific size and color,how do you set standard
preference in quickbooks so you don't have to customize each report?
Ans>> Click the edit menu and select preferences then click the reports and graphs group to set
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
Which of the following is a possible reason for a bank reconciliation discrepancy?
Ans>> The beginning balance calculated by quickbooks does not match last months ending
balance
which of the following statements is TRUE regarding Undeposited funds?
Ans>> It is an account used to record payments before you make a deposit
Which accounts are affected when you enter Time in quickbooks?
2
, Ans>> Accounts receivable
Workers who require a W2 tax form at the end of the year should be added to which of the
following lists?
Ans>> Employee
If you have customized report that you use each month, which feature lets you run the
Ans>> Memorize Report
What is the primary reason for setting a closing date in Quickbooks?
Ans>> To restrict users from deleting, editing or adding transactions to last year
Your new employee earned an annual salary of $40,000. How do you enter this into quickbooks?
Ans>> Enter 40,000 in the payroll info window
What steps must you complete to use the payroll center to pay payroll liabilities
Ans>> set deposit frequencies
3
