quickbooks final Complete Questions And Answers(RATED A)

You have a small service business and want to track income, expenses, and mileage. Which QuickBooks Online subscription would you choose? - ANSWER self-employed Which of the following provides access to banking, sales, expenses, and reports? - ANSWER left navigation bar Where would you go to import data from QuickBooks Desktop to QuickBooks Online? - ANSWER gear->import data Which of the following can be found on the Dashboard? - ANSWER invoices, expenses, and sales Where on the Dashboard would you click to manage users? - ANSWER gear icon How would you set a closing date and password? - ANSWER Gear -> Account and Setting -> Advanced -> Accounting Where would you go to mnage sales tax? - ANSWER Left Navigation Bar -> Taxes -> Sales Tax What type of account would you use to set up a new vehicle loan? - ANSWER long time liability What is one purpose for sub-accounts? - ANSWER To track depreciation of an asset What category in the chart of accounts is used to post beginning balances? - ANSWER open balance equity Which of the following statements is not true about Products and Services? - ANSWER Inventory types can be changed to another type What product type would you use for tracking sales for products or services you do not keep in inventory? - ANSWER non-inventory You have several reports you want to memorize and organize, where would you save them? - ANSWER Left Navigation Bar -> Reports -> Custom Reports You track invoices by customer, which accounting basis will allow you to see an Accounts Receivable balance on the Balance Sheet? - ANSWER Accrual Basis Which report would you use to review income and expenses? - ANSWER Profit & Loss What report can you use to review transactions by user? - ANSWER audit log