QuickBooks: Chapter 1 ; Questions with
Complete Solutions 2024/25 Update
what are the 3 types of quickbooks files? ✔✔data, portable, and backup
which file should we work in? ✔✔portable
define data file ✔✔"QBW"- to enter data or create reports
define backup file ✔✔(.QBB)- a condensed, stable version of the data file and
restore into a
.QBW file before using
define portable file ✔✔.QBM- very condensed, helps move your quickbooks to
another
computer and restore before using
what are the option that come with backup files? ✔✔accountant's copy and
backup cop
what is an update? How is it done? ✔✔renewing software and an update on a
screen pops up and
you have to click accept
, QuickBooks: Chapter 1 ; Questions with
Complete Solutions 2024/25 Update
What does it mean to restore a backup file? When should you do this? How do
you do this?
✔✔to save/backup important financial information. You should do this weekly
or more often.
You hit file and select open/restore company or it can be automated.
What are 3 types of forms in QB? When you fill these out what does QB
automatically do for
you? ✔✔bills, invoices, checks. It will recorded debits and credits behind the
scene
What is a balance sheet? What type of accounts does this report on?
✔✔analyzes net worth of a
business. Asset, liability, and equity
What is a profit loss and report? What type of accounts does this report on?
✔✔Analyzes
operating profit or loss. Expense and income.
Complete Solutions 2024/25 Update
what are the 3 types of quickbooks files? ✔✔data, portable, and backup
which file should we work in? ✔✔portable
define data file ✔✔"QBW"- to enter data or create reports
define backup file ✔✔(.QBB)- a condensed, stable version of the data file and
restore into a
.QBW file before using
define portable file ✔✔.QBM- very condensed, helps move your quickbooks to
another
computer and restore before using
what are the option that come with backup files? ✔✔accountant's copy and
backup cop
what is an update? How is it done? ✔✔renewing software and an update on a
screen pops up and
you have to click accept
, QuickBooks: Chapter 1 ; Questions with
Complete Solutions 2024/25 Update
What does it mean to restore a backup file? When should you do this? How do
you do this?
✔✔to save/backup important financial information. You should do this weekly
or more often.
You hit file and select open/restore company or it can be automated.
What are 3 types of forms in QB? When you fill these out what does QB
automatically do for
you? ✔✔bills, invoices, checks. It will recorded debits and credits behind the
scene
What is a balance sheet? What type of accounts does this report on?
✔✔analyzes net worth of a
business. Asset, liability, and equity
What is a profit loss and report? What type of accounts does this report on?
✔✔Analyzes
operating profit or loss. Expense and income.
