Quickbooks Certification
Why must you set deposit frequencies for the taxes or deductions your
company has to pay (Payroll Liabilities)? correct answersSo that Payroll
Liabilities show yp in the Pay Taxes & Other Liabilities list in the Payroll
Center
What are the first two steps to set up payroll in Quickbooks? correct
answers1) Sign up for a payroll services; and 2) complete the Payroll Setup
Interview
What are the 2 main Financial Statements you can run from the
"Company and Financial" category of reports? correct
answersBalance Sheet. Profit and Loss
What are the main sections of the Profit & Loss? correct answersIncome, Cost
of Goods Sold, and Expenses
How do you move columns on a report? correct answersMove your cursors
over the column heading, and when it becomes a hand, click and drag the
column to the desired position.
How do you create a memorized group of reports? correct answersOpen the
Memorized Report List and then Click Memorized Report > New Group
What happens if you double-click a diamond on a report column? correct
answersNone of the above
Which of the following reports answers the question "What transactions
make up the current balance I owe each Vendor"? correct answersVendor
Balance Detail
You sent Quickbooks a report to Excel and made some changes. How do
you import the changes back to Quickbooks? correct answersYou can't
import changes in Excel back to Quickbooks.
You've been hired by a company that started in 1911. They've never used
QuickBooks. During the Advanced/Detailed Setup, what "State Date" should
you use in the EasyStep Interview? correct answersThe date you want to
begin tracking the company's finances in Quickbooks.
Which of the following CANNOT be entered during the setup of a new
company (Express Start or Advanced/Detailed Setup) file? correct
answersTrial Balance opening balances
, How do you customize Quickbooks by changing the color scheme and
adding or removing icons from the Home page? correct answersChoose
Edit > Preferences > Desktop View
??? correct answersClick the Formatting Tab at the top of the form;
then click Customize Data Layout
You need to enter the same transaction each month (for example, an
insurance payment). How can you automate this process in Quickbooks?
correct answersWhile the transaction is on the screen, choose Edit >
Memorize check (or the name of the transaction).
How do you set up multiple users in QuickBooks Pro or Premier?
correct answersChoose Company > Set Up Users and Passwords
> Set Up Users
What is the maximum number of names that cab be included on he
Names lists in QuickBooks Pro or Premier? correct answers14,500
What keyboard shortcut allows you to see a total for all four names
lists? correct answersF2
What do the diamonds mean on certain lists (for example, the diamonds to
the left of each Customer: Job)? correct answersYou can click on the
diamond and move the list entry to a different location on the list.
If you moved a list entry up or down, what happens when you add a new
entry to the list? correct answersQuickbooks adds new list entries to the top
of the list, regardless of alphabetic order.
How do you combine or merge two list entries? correct answersRename the
unwanted list entry to match the name of the list entry you want to merge
into.
What transaction/form do you begin with to enter a vendor credit? correct
answersEnter Bill
What happens to the inventory asset account when you enter a
purchase order for inventory? correct answersNo accounts are affected
When should you NEVER delete a check? correct answersYou printed a
check, and the check number has been used.
How do you track accounts payable in QuickBooks? correct answersEnter
a bill, and then use the Pay Bills window.
Suppose you have a subcontractor who receives a 1099 from your company.
Which list should you add them to? correct answersVendor List
Why must you set deposit frequencies for the taxes or deductions your
company has to pay (Payroll Liabilities)? correct answersSo that Payroll
Liabilities show yp in the Pay Taxes & Other Liabilities list in the Payroll
Center
What are the first two steps to set up payroll in Quickbooks? correct
answers1) Sign up for a payroll services; and 2) complete the Payroll Setup
Interview
What are the 2 main Financial Statements you can run from the
"Company and Financial" category of reports? correct
answersBalance Sheet. Profit and Loss
What are the main sections of the Profit & Loss? correct answersIncome, Cost
of Goods Sold, and Expenses
How do you move columns on a report? correct answersMove your cursors
over the column heading, and when it becomes a hand, click and drag the
column to the desired position.
How do you create a memorized group of reports? correct answersOpen the
Memorized Report List and then Click Memorized Report > New Group
What happens if you double-click a diamond on a report column? correct
answersNone of the above
Which of the following reports answers the question "What transactions
make up the current balance I owe each Vendor"? correct answersVendor
Balance Detail
You sent Quickbooks a report to Excel and made some changes. How do
you import the changes back to Quickbooks? correct answersYou can't
import changes in Excel back to Quickbooks.
You've been hired by a company that started in 1911. They've never used
QuickBooks. During the Advanced/Detailed Setup, what "State Date" should
you use in the EasyStep Interview? correct answersThe date you want to
begin tracking the company's finances in Quickbooks.
Which of the following CANNOT be entered during the setup of a new
company (Express Start or Advanced/Detailed Setup) file? correct
answersTrial Balance opening balances
, How do you customize Quickbooks by changing the color scheme and
adding or removing icons from the Home page? correct answersChoose
Edit > Preferences > Desktop View
??? correct answersClick the Formatting Tab at the top of the form;
then click Customize Data Layout
You need to enter the same transaction each month (for example, an
insurance payment). How can you automate this process in Quickbooks?
correct answersWhile the transaction is on the screen, choose Edit >
Memorize check (or the name of the transaction).
How do you set up multiple users in QuickBooks Pro or Premier?
correct answersChoose Company > Set Up Users and Passwords
> Set Up Users
What is the maximum number of names that cab be included on he
Names lists in QuickBooks Pro or Premier? correct answers14,500
What keyboard shortcut allows you to see a total for all four names
lists? correct answersF2
What do the diamonds mean on certain lists (for example, the diamonds to
the left of each Customer: Job)? correct answersYou can click on the
diamond and move the list entry to a different location on the list.
If you moved a list entry up or down, what happens when you add a new
entry to the list? correct answersQuickbooks adds new list entries to the top
of the list, regardless of alphabetic order.
How do you combine or merge two list entries? correct answersRename the
unwanted list entry to match the name of the list entry you want to merge
into.
What transaction/form do you begin with to enter a vendor credit? correct
answersEnter Bill
What happens to the inventory asset account when you enter a
purchase order for inventory? correct answersNo accounts are affected
When should you NEVER delete a check? correct answersYou printed a
check, and the check number has been used.
How do you track accounts payable in QuickBooks? correct answersEnter
a bill, and then use the Pay Bills window.
Suppose you have a subcontractor who receives a 1099 from your company.
Which list should you add them to? correct answersVendor List
