Intuit QuickBooks Certification Exam Questions With 100% Accurate Answers

You've been hired by a company that started in 1911. They've never used QuickBooks. During the EasyStep Interview, what "Start Date" should you use? -ANSWER - The date you want to begin tracking the company's finances in QuickBooks When setting up a new company through the EasyStep Interview, some company information is optional and some is absolutely required. Which of the following pieces of information does QuickBooks require you to enter? -ANSWER - Company name Which of the following is NOT a backup option in QuickBooks? -ANSWER - Removes all transactions while leaving lists, preferences, and service subscriptions intact. If you choose to "Remove Transactions as of a specific date" from the "Clean Up Company Data" window, what does QuickBooks do? -ANSWER - Removes all transactions while leaving lists, preferences, and service subscriptions intact. What do the diamonds mean on certain lists (for example, the diamonds to the left of each Customer:Job)? -ANSWER - You can click on the diamond and move the list entry to a different location on the list. What is the maximum number of names that can be included on the Names lists in QuickBooks Pro or Premier? -ANSWER - 14,500 What item type should you use for inventory that you assemble from other items and then sell? -ANSWER - Inventory Assembly Which of the following statements is true concerning items? -ANSWER - You can use one item to represent different services or goods, Items allow you to track your sales in more detail without cluttering your Chart of Accounts or Profit & Loss, and To create an invoice, you must use an item. When should you create an invoice in QuickBooks? -ANSWER - When a customer purchases goods or services but does not pay you at the time of the sale When should you use a Sales Receipt in QuickBooks? -ANSWER - To record a customer payment at the time of sale How do you track accounts payable in QuickBooks? -ANSWER - Enter a bill, and then use the Pay Bills window. What transaction/form do you begin with to enter a vendor credit? -ANSWER - Enter Bill When printing paychecks, what is the preferred check style to give an employee a paystub? -ANSWER - Voucher When setting up a new employee, what is important about the Payroll Info tab? -ANSWER - Whatever you enter/see in this window affects each paycheck, unless you change the information on the paycheck itself How do you create a memorized group of reports? -ANSWER - Open the Memorized Report List and then click Memorized Report > New Group