QUICKBOOKS EXAM STUDY GUIDE
QUESTIONS AND ANSWERS 2025
Customer shows twice in the customers list (action) - Answer-merge the customers
Customer is associated with multiple jobs (action) - Answer-Set up sub-customers.
Customer will pay at the end of the job. - Answer-Create an invoice.
Customer paid for a completed job. - Answer-applied to undeposited funds.
Invoice (form) - Answer-Used when a customer does not pay at the time of service.
Sales receipt (form) - Answer-use when a customer pays at the time of service.
Statement (form) - Answer-used to gather customer charges for a specific period.
Edit tool (sales form section/items) - Answer-manage settings and defaults for sales
form.
Online delivery (sales form section) - Answer-Set delivery terms and methods.
Statements (sales form section) - Answer-Set the level of detail shown for transactions.
Sales for content (sales form section.) - Answer-Sales forms are emailed.
Products and Services (Sales form section.) - Answer-Track inventory and choose
columns to display.
Messages (sales form section) - Answer-Customize emails
Identify false statement regarding vendor data. - Answer-use the import data tool to map
your vendors with their associated customers.
Expense (form to account it credits) - Answer-Credit card or bank account.
Check (form to account it credits) - Answer-Bank account.
Bill (form to account it credits) - Answer-accounts payable
you pay with a credit card at the time of purchase, what form should be used? - Answer-
Expense form.
You pay with a check at the time of purchase (what form should be used?) - Answer-B
, You will pay for the purchase later, what form should you use? - Answer-Bill.
Include inactive - Answer-Show vendors without recent action.
Expenses Center - Answer-Where you can import vendors, among other things.
Vendors List - Answer-Customizable and editable for you changing needs.
Display Name As - Answer-The only required field when setting up a new vendor.
Which statement about deleted and voided transactions is true? - Answer-Deleted
transactions are removed; voided transactions are retained with zero values.
What deposit is customer related? - Answer-An invoice payment.
What type of transaction do you create when using an EFT, online payment, or wire
transfer to move funds out of your account? - Answer-Transfer.
Which statement about making deposits is true? - Answer-Funds received through sales
are held in Undeposited funds, and you must move them to your bank account.
Funds are taken directly from the checking account. - Answer-Debit card purchase.
After this, write a check or enter a bill for the payment. - Answer-Credit card
reconciliation.
Compares transactions that have and haven't yet cleared the bank. - Answer-
Reconciliation
Shows all asset, liability, and equity accounts. - Answer-Balance Sheet.
This holds customers payment funds until you deposit them into your bank account. -
Answer-Undeposited Funds.
Mason wants to return a lawn ornament he purchased from you with cash. What do yo
do? - Answer-Give mason his money back and create a refund receipt.
What report do you run to verify that goods were not received without applying the
receipt of inventory to a purchase order? - Answer-Open Purchase Order List
Angel is going to use quickbooks for his new business. He tells you his business doesn't
use purchase orders. What do you tell him? - Answer-No worries; just make your
purchase directly on the expense, check ,or bill form.
QUESTIONS AND ANSWERS 2025
Customer shows twice in the customers list (action) - Answer-merge the customers
Customer is associated with multiple jobs (action) - Answer-Set up sub-customers.
Customer will pay at the end of the job. - Answer-Create an invoice.
Customer paid for a completed job. - Answer-applied to undeposited funds.
Invoice (form) - Answer-Used when a customer does not pay at the time of service.
Sales receipt (form) - Answer-use when a customer pays at the time of service.
Statement (form) - Answer-used to gather customer charges for a specific period.
Edit tool (sales form section/items) - Answer-manage settings and defaults for sales
form.
Online delivery (sales form section) - Answer-Set delivery terms and methods.
Statements (sales form section) - Answer-Set the level of detail shown for transactions.
Sales for content (sales form section.) - Answer-Sales forms are emailed.
Products and Services (Sales form section.) - Answer-Track inventory and choose
columns to display.
Messages (sales form section) - Answer-Customize emails
Identify false statement regarding vendor data. - Answer-use the import data tool to map
your vendors with their associated customers.
Expense (form to account it credits) - Answer-Credit card or bank account.
Check (form to account it credits) - Answer-Bank account.
Bill (form to account it credits) - Answer-accounts payable
you pay with a credit card at the time of purchase, what form should be used? - Answer-
Expense form.
You pay with a check at the time of purchase (what form should be used?) - Answer-B
, You will pay for the purchase later, what form should you use? - Answer-Bill.
Include inactive - Answer-Show vendors without recent action.
Expenses Center - Answer-Where you can import vendors, among other things.
Vendors List - Answer-Customizable and editable for you changing needs.
Display Name As - Answer-The only required field when setting up a new vendor.
Which statement about deleted and voided transactions is true? - Answer-Deleted
transactions are removed; voided transactions are retained with zero values.
What deposit is customer related? - Answer-An invoice payment.
What type of transaction do you create when using an EFT, online payment, or wire
transfer to move funds out of your account? - Answer-Transfer.
Which statement about making deposits is true? - Answer-Funds received through sales
are held in Undeposited funds, and you must move them to your bank account.
Funds are taken directly from the checking account. - Answer-Debit card purchase.
After this, write a check or enter a bill for the payment. - Answer-Credit card
reconciliation.
Compares transactions that have and haven't yet cleared the bank. - Answer-
Reconciliation
Shows all asset, liability, and equity accounts. - Answer-Balance Sheet.
This holds customers payment funds until you deposit them into your bank account. -
Answer-Undeposited Funds.
Mason wants to return a lawn ornament he purchased from you with cash. What do yo
do? - Answer-Give mason his money back and create a refund receipt.
What report do you run to verify that goods were not received without applying the
receipt of inventory to a purchase order? - Answer-Open Purchase Order List
Angel is going to use quickbooks for his new business. He tells you his business doesn't
use purchase orders. What do you tell him? - Answer-No worries; just make your
purchase directly on the expense, check ,or bill form.
