QuickBooks Domain 1 Lesson 1
A(n) _____ is any person who is certain or authorized to get entry to and/or regulate
software facts. - ANS-legal user
Allows employees to see reports that do not have payroll or contact statistics - ANS-Reports
only consumer
Allows personnel to song their hours on a timesheet - ANS-Time Tracking only
Allows the admin to present them full or limited get admission to - ANS-Standard user
An admin can assign both complete or confined access to _____. - ANS-general customers
Before a person migrates information, they may want to make sure they organisation's
_____ is updated. - ANS-accounting
Before customers migrate information, they will need to make sure that each one of their
_____ is up to date. - ANS-accounting
Explain the technique of reconciling the switch of records from QuickBooks Desktop to
QuickBooks Online the use of a income and loss statement and stability sheet. - ANS-Run a
'Profit and Loss' file: Select 'Reports' and then pick out 'Profit and Loss.' Customize record to
expose all dates and set Accrual as the accounting technique. Then pick 'Run Report.' Run a
Profit and Loss document on laptop account as properly. Ensure you make the equal
customizations to file through selecting 'All Dates' and 'Accrual' for accounting technique.
Compare Online Profit and Loss with Desktop Profit and Loss. Run 'Balance Sheet'
document with on-line and desktop subsequent. Select 'Reports' on navigation bar after
which 'Balance Sheet.' Customize by way of converting accounting period to 'All Dates' and
accounting technique to 'Accrual.' Do the equal at the Desktop version and then compare
both stability sheets. If each the P&L reviews and the Balance Sheets match, all the facts
has been successfully migrated. Any files which have not migrated will need to be manually
delivered; this can occur, so make sure to reconcile bills once migration is complete.
Explain why a agency would now not need to exceed the variety of users allowed for his or
her plan. - ANS-Allowing extra users than allowed for your plan breeches the licensing
settlement you accepted whilst you to start with set up your entity in QuickBooks, that may
bring about prison repercussions.
Has whole get right of entry to to see and do everything in the account - ANS-Company
Admin
Ideal for a commercial enterprise that sells both services and products - ANS-Plus
Ideal for a bigger organization that desires to offer get right of entry to to more than one
customers - ANS-Advanced
Ideal for freelancers, entrepreneurs, and small companies most effective sell services and
has the fewest amount of features - ANS-Self-Employed
Ideal for freelancers, entrepreneurs, and small organizations that simplest sell offerings -
ANS-Simple Start
If a plan has 5 customers, only 5 people can _____ and _____ the statistics, together with a
employer's accountant. - ANS-get admission to, modify
If the _____ declaration and _____ sheet fit, all of the desired records should had been
efficiently migrated. - ANS-profit and loss, stability
A(n) _____ is any person who is certain or authorized to get entry to and/or regulate
software facts. - ANS-legal user
Allows employees to see reports that do not have payroll or contact statistics - ANS-Reports
only consumer
Allows personnel to song their hours on a timesheet - ANS-Time Tracking only
Allows the admin to present them full or limited get admission to - ANS-Standard user
An admin can assign both complete or confined access to _____. - ANS-general customers
Before a person migrates information, they may want to make sure they organisation's
_____ is updated. - ANS-accounting
Before customers migrate information, they will need to make sure that each one of their
_____ is up to date. - ANS-accounting
Explain the technique of reconciling the switch of records from QuickBooks Desktop to
QuickBooks Online the use of a income and loss statement and stability sheet. - ANS-Run a
'Profit and Loss' file: Select 'Reports' and then pick out 'Profit and Loss.' Customize record to
expose all dates and set Accrual as the accounting technique. Then pick 'Run Report.' Run a
Profit and Loss document on laptop account as properly. Ensure you make the equal
customizations to file through selecting 'All Dates' and 'Accrual' for accounting technique.
Compare Online Profit and Loss with Desktop Profit and Loss. Run 'Balance Sheet'
document with on-line and desktop subsequent. Select 'Reports' on navigation bar after
which 'Balance Sheet.' Customize by way of converting accounting period to 'All Dates' and
accounting technique to 'Accrual.' Do the equal at the Desktop version and then compare
both stability sheets. If each the P&L reviews and the Balance Sheets match, all the facts
has been successfully migrated. Any files which have not migrated will need to be manually
delivered; this can occur, so make sure to reconcile bills once migration is complete.
Explain why a agency would now not need to exceed the variety of users allowed for his or
her plan. - ANS-Allowing extra users than allowed for your plan breeches the licensing
settlement you accepted whilst you to start with set up your entity in QuickBooks, that may
bring about prison repercussions.
Has whole get right of entry to to see and do everything in the account - ANS-Company
Admin
Ideal for a commercial enterprise that sells both services and products - ANS-Plus
Ideal for a bigger organization that desires to offer get right of entry to to more than one
customers - ANS-Advanced
Ideal for freelancers, entrepreneurs, and small companies most effective sell services and
has the fewest amount of features - ANS-Self-Employed
Ideal for freelancers, entrepreneurs, and small organizations that simplest sell offerings -
ANS-Simple Start
If a plan has 5 customers, only 5 people can _____ and _____ the statistics, together with a
employer's accountant. - ANS-get admission to, modify
If the _____ declaration and _____ sheet fit, all of the desired records should had been
efficiently migrated. - ANS-profit and loss, stability
