QuickBooks Online Practice Test
When setting up a new QuickBooks account, which of the following is TRUE
about the Chart of Accounts? correct answersIt is possible to add more
accounts after starting a new company.
You just set up a new QuickBooks company and your employer needs you
to create a Chart of Accounts. Which of the following is TRUE? correct
answersAccounts are automatically created based upon your industry type,
however you CAN add more accounts later.
You're setting up a new QuickBooks account for a business that just hired
you. The company has a list of accounts with opening balances (e.g. loan,
vehicles, etc.). Where do you enter these balances when setting up the
QuickBooks account? correct answersYou can enter opening balances when
setting up new Balance Sheet type accounts.
You'd like to change the company address in Account and Settings screen.
What's the first step to open the Account and Settings? correct answersclick
the gear icon on the homepage
Your employer asks you to update their business contact info. How can you
access and change this information? correct answersClick the gear icon and
select Account and Settings. Then select the Contact Information section
What does "Privacy mode" on the home page do? correct answersIt hides
the values displayed on the profit and loss, bank accounts, and other
sensitive financial information.
You're working in QuickBooks at a coffee shop for a few hours and don't want
to share all of your company's financial details with everyone there. How can
you fix this? correct answersClick the Privacy mode switch on the Dashboard
to prevent sensitive financial information from being displayed in this
window.
You need to set up a new user so they can see reports and nothing else. Put
the steps for setting up a user (who can only see reports) in the correct
order. (Note: You don't have to choose all the steps.)
a) In the Manage Users screen, click "New". b. Choose User Type b) "Reports
Only" and click Next. c) Click the Enter the user's email address and click
Next. d. Click the d) Gear icon and choose Manage Users. correct answersd,
a, b, c
, . What are three areas where you can find and do everything you need?
correct answers+ or New+ (to create new transactions), (for settings, lists
and activities you don't do often), and the navigation bar on the left (to
work in specific functional areas, e.g. customers or reports)
.Which of the following is NOT a type of user when setting up a new
user? correct answersDirector
.Which lists can you import from Excel into QuickBooks Online? correct
answersChart of Accounts, Customers, Products and Services, and Vendors
You're setting up QuickBooks Online for a company that already has
information in Excel. What can you import into QuickBooks from Excel?
correct answersCertain lists (customers, vendors, products and services,
and the Chart of Accounts) and transactions downloaded from a bank or
credit card's website.
.Which of the following is NOT true regarding merging entries in lists?
correct answersQuickBooks allows you to merge an expense account with
an income account
At your new job, you inherit a QuickBooks company that has a lot of
duplicates on lists (e.g. the same customer or account entered twice, but
with slightly different spelling). To clean this up, you decide to merge
redundant list entries. Which of the following is TRUE? correct answersYou
can only merge names that are on the same list
You've just been hired as a bookkeeper and the company's QuickBooks is a
mess. There are many list entries that are duplicates. You decide to merge
list entries to clean up the lists. Which of the following is TRUE? correct
answersYou can only merge names from the same Type
You have two customers with the same name. How do you handle this in
QuickBooks? correct answersUse a middle initial or other letter in the
Display name to make one name different from the other
Your customer Donna Comeback has gone out of business and you will
never sell to her again. Put the steps for removing her from the customer
list in the correct order (Note: You don't have to choose all the steps.)
a. Click Make Inactive b. Click the "x" next to the customer (Donna) you
want to remove
c. Mouseover Sales/Invoices and click Customers d. Click the checkbox
next to the customer's (Donna) name e. Click the Action drop-down
arrow to the right of the customer's name f. Click Batch Actions > Delete
correct answersc, e, a
Your employer asks you to remove a product you no longer sell. How do
you do this? correct answers. Mouseover Sales/Invoices, then click Products
and Services to open the list. Click the drop down list to the right of the
product you want to remove, and select Make inactive
When setting up a new QuickBooks account, which of the following is TRUE
about the Chart of Accounts? correct answersIt is possible to add more
accounts after starting a new company.
You just set up a new QuickBooks company and your employer needs you
to create a Chart of Accounts. Which of the following is TRUE? correct
answersAccounts are automatically created based upon your industry type,
however you CAN add more accounts later.
You're setting up a new QuickBooks account for a business that just hired
you. The company has a list of accounts with opening balances (e.g. loan,
vehicles, etc.). Where do you enter these balances when setting up the
QuickBooks account? correct answersYou can enter opening balances when
setting up new Balance Sheet type accounts.
You'd like to change the company address in Account and Settings screen.
What's the first step to open the Account and Settings? correct answersclick
the gear icon on the homepage
Your employer asks you to update their business contact info. How can you
access and change this information? correct answersClick the gear icon and
select Account and Settings. Then select the Contact Information section
What does "Privacy mode" on the home page do? correct answersIt hides
the values displayed on the profit and loss, bank accounts, and other
sensitive financial information.
You're working in QuickBooks at a coffee shop for a few hours and don't want
to share all of your company's financial details with everyone there. How can
you fix this? correct answersClick the Privacy mode switch on the Dashboard
to prevent sensitive financial information from being displayed in this
window.
You need to set up a new user so they can see reports and nothing else. Put
the steps for setting up a user (who can only see reports) in the correct
order. (Note: You don't have to choose all the steps.)
a) In the Manage Users screen, click "New". b. Choose User Type b) "Reports
Only" and click Next. c) Click the Enter the user's email address and click
Next. d. Click the d) Gear icon and choose Manage Users. correct answersd,
a, b, c
, . What are three areas where you can find and do everything you need?
correct answers+ or New+ (to create new transactions), (for settings, lists
and activities you don't do often), and the navigation bar on the left (to
work in specific functional areas, e.g. customers or reports)
.Which of the following is NOT a type of user when setting up a new
user? correct answersDirector
.Which lists can you import from Excel into QuickBooks Online? correct
answersChart of Accounts, Customers, Products and Services, and Vendors
You're setting up QuickBooks Online for a company that already has
information in Excel. What can you import into QuickBooks from Excel?
correct answersCertain lists (customers, vendors, products and services,
and the Chart of Accounts) and transactions downloaded from a bank or
credit card's website.
.Which of the following is NOT true regarding merging entries in lists?
correct answersQuickBooks allows you to merge an expense account with
an income account
At your new job, you inherit a QuickBooks company that has a lot of
duplicates on lists (e.g. the same customer or account entered twice, but
with slightly different spelling). To clean this up, you decide to merge
redundant list entries. Which of the following is TRUE? correct answersYou
can only merge names that are on the same list
You've just been hired as a bookkeeper and the company's QuickBooks is a
mess. There are many list entries that are duplicates. You decide to merge
list entries to clean up the lists. Which of the following is TRUE? correct
answersYou can only merge names from the same Type
You have two customers with the same name. How do you handle this in
QuickBooks? correct answersUse a middle initial or other letter in the
Display name to make one name different from the other
Your customer Donna Comeback has gone out of business and you will
never sell to her again. Put the steps for removing her from the customer
list in the correct order (Note: You don't have to choose all the steps.)
a. Click Make Inactive b. Click the "x" next to the customer (Donna) you
want to remove
c. Mouseover Sales/Invoices and click Customers d. Click the checkbox
next to the customer's (Donna) name e. Click the Action drop-down
arrow to the right of the customer's name f. Click Batch Actions > Delete
correct answersc, e, a
Your employer asks you to remove a product you no longer sell. How do
you do this? correct answers. Mouseover Sales/Invoices, then click Products
and Services to open the list. Click the drop down list to the right of the
product you want to remove, and select Make inactive
