Quickbooks Exam Revised Questions With Correct Answers

Quickbooks Exam Revised Questions With Correct Answers n what QBO subscriptions can you prepare and print 1099s? - ANS Plus and Advanced What is the migration utility? - ANS A tool that assists with importing all data from a QuickBooks Desktop company file to QuickBooks Online Why create the Chart of Accounts? - ANS To categorize assets, liabilities, expenditures, and revenue From where do you access the Sales(/Invoicing) center? - ANS Navigation bar Barry wants to show appreciation to his best customer by discounting all their purchases by 10%. What's the most effective way for him to do this? - ANS Create a price rule and apply the rule to the customer. You just started using QuickBooks to manage your existing business. Your customer list is in Excel. How do you get the list into QuickBooks? - ANS Import the customer list. In what account do you collect more than one payment before making a deposit? - ANS Undeposited Funds A customer wants an order she is placing with you to be sent to an address that is not the same as the billing address you have on file for her. What do you do? - ANS Enter the billing and shipping addresses on the Customer Information form. What report helps you manage cash flow by showing you each customer with an open balance and how long the account has been outstanding? - ANS A/R Aging Summary Akim is entering a bill from a new vendor whose name does not appear in the Choose a Vendor menu. What should h