QUICKBOOKS CERTIFICATION EXAM
STUDY GUIDE QUESTIONS AND
ANSWERS
When you create a new company file, quickbooks asks for your start date. What is the
best definition of the start date in quickbooks? - Answer-The day you chose to start
recording the finacial records in quickbooks
Which of the following statements is NOT true regarding entering and paying bills in
quickbooks? - Answer-If you use the enter bills window to record a bill, do not use the
write checks window or check register to pay that same bill
How do you use a different forms template when creating a new transaction? (i.e.
Invoice) - Answer-Open the form, click the templates drop down list and select the
appropriate form
How do you change the report basis, accrual vs. cash for just one report? - Answer-
Click the modify report button on the report and then choose accrual or cash on the
display pad
How would you track customer birth in quickbooks? - Answer-Add a custom field to the
customer list
How do you change text in the header/footer of a report? - Answer-Click the modify
report button on the report and the change the header footer tab
Where can you see a thumbnail sample of each report in quickbooks along with a
description of what the report tells you? - Answer-Report center
What transaction in quickbooks should you use if your customer pays you when you
provide the goods or sevices? - Answer-Sales receipt
How can you ensure that invoice detail does not appear on a customer statement? -
Answer-Uncheck the show invoice item detail on statements box in the create
statements window
What is the purpose of backing up in quickbooks? - Answer-To protect against data loss
from file corruption or a hard file crash
Which of the following is NOT true regarding merging entries? - Answer-quickbooks
allows you to merge an expense account with an Income account
, When a transaction is changed, what information does the Audit Trail report provide. -
Answer-who changed the transaction?
the date the transaction was changed
the time the transaction was changed
How do you add or delete columns on a report. - Answer-Click the modify report button
and on the display tab check add or uncheck remove columns
When should you use the items tab on a bill or check? - Answer-When you purchase
inventory parts
When you are setting up a service item, what happens if you select the box next to this
"service is performed by a subcontractor or partner"? - Answer-quickbooks provides
fields so you can track purchase and sales information for that item
Which of the following statements is NOT true regarding single user and multi-user
mode? - Answer-Only the administrator is allowed in the file when it is in single user
mode
Which of the form templates cannot be customized in quickbooks? - Answer-checks
The product information window shows you the version and release of quickbooks you
have along with other information about the company file. How do you access the
product information window? - Answer-Press the F2 key
When should you set up a non-inventory item type? - Answer-for something you buy but
dont sell
for something you sell but dont buy
for something you buy and sell but do not need track the quantity on hands
Which of the following statements is TRUE regarding items? - Answer-When you
purchase or sell and item, the value of the purchase or sales flows to the account and
therefore the financial statements you selected when you set up the item
Which report shows how much you owe for sales tax? - Answer-Sales tax liabilitiy
Which report is also known as an income statement and summarizes income and
expenses for a month - Answer-Profit & loss standard
When making your payroll tax deposit, how can you add IRS interest and/or penalties? -
Answer-Click the expense tab and enter the appropriate account and amount of interest
and penalties
Which of the following is a reason to create a new company file? - Answer-To start over
when a company file has many errors that are beyond repair
STUDY GUIDE QUESTIONS AND
ANSWERS
When you create a new company file, quickbooks asks for your start date. What is the
best definition of the start date in quickbooks? - Answer-The day you chose to start
recording the finacial records in quickbooks
Which of the following statements is NOT true regarding entering and paying bills in
quickbooks? - Answer-If you use the enter bills window to record a bill, do not use the
write checks window or check register to pay that same bill
How do you use a different forms template when creating a new transaction? (i.e.
Invoice) - Answer-Open the form, click the templates drop down list and select the
appropriate form
How do you change the report basis, accrual vs. cash for just one report? - Answer-
Click the modify report button on the report and then choose accrual or cash on the
display pad
How would you track customer birth in quickbooks? - Answer-Add a custom field to the
customer list
How do you change text in the header/footer of a report? - Answer-Click the modify
report button on the report and the change the header footer tab
Where can you see a thumbnail sample of each report in quickbooks along with a
description of what the report tells you? - Answer-Report center
What transaction in quickbooks should you use if your customer pays you when you
provide the goods or sevices? - Answer-Sales receipt
How can you ensure that invoice detail does not appear on a customer statement? -
Answer-Uncheck the show invoice item detail on statements box in the create
statements window
What is the purpose of backing up in quickbooks? - Answer-To protect against data loss
from file corruption or a hard file crash
Which of the following is NOT true regarding merging entries? - Answer-quickbooks
allows you to merge an expense account with an Income account
, When a transaction is changed, what information does the Audit Trail report provide. -
Answer-who changed the transaction?
the date the transaction was changed
the time the transaction was changed
How do you add or delete columns on a report. - Answer-Click the modify report button
and on the display tab check add or uncheck remove columns
When should you use the items tab on a bill or check? - Answer-When you purchase
inventory parts
When you are setting up a service item, what happens if you select the box next to this
"service is performed by a subcontractor or partner"? - Answer-quickbooks provides
fields so you can track purchase and sales information for that item
Which of the following statements is NOT true regarding single user and multi-user
mode? - Answer-Only the administrator is allowed in the file when it is in single user
mode
Which of the form templates cannot be customized in quickbooks? - Answer-checks
The product information window shows you the version and release of quickbooks you
have along with other information about the company file. How do you access the
product information window? - Answer-Press the F2 key
When should you set up a non-inventory item type? - Answer-for something you buy but
dont sell
for something you sell but dont buy
for something you buy and sell but do not need track the quantity on hands
Which of the following statements is TRUE regarding items? - Answer-When you
purchase or sell and item, the value of the purchase or sales flows to the account and
therefore the financial statements you selected when you set up the item
Which report shows how much you owe for sales tax? - Answer-Sales tax liabilitiy
Which report is also known as an income statement and summarizes income and
expenses for a month - Answer-Profit & loss standard
When making your payroll tax deposit, how can you add IRS interest and/or penalties? -
Answer-Click the expense tab and enter the appropriate account and amount of interest
and penalties
Which of the following is a reason to create a new company file? - Answer-To start over
when a company file has many errors that are beyond repair
