Gmetrix Quickbooks Online
Which of the following statements is true about merging? correct
answersYou can only merge names from the same type.
You have two customers with the same name. How do you handle this in
QuickBooks? correct answersUse a middle initial or other letter in the
display name to make one name different than the other.
How do delayed charges affect a customer's balance? correct
answersDelayed charges have no effect on a customer's balance.
Which of the following is true regarding Undeposited Funds in QuickBooks?
correct answersUndeposited funds is an account used to record payments
before you make a deposit.
What is one reason not to use a bank deposit or journal entry screen to
record sales? correct answersIf you record sales through the bank deposit or
journal entry screen, the sales will not appear on the sales report.
What transaction should you enter if a customer returns a damaged product
or, in the case of service, complains so much you decide to offer a return.
correct answersCredit Memo
When you invoice for time and costs, where does QuickBooks get the
billable time or costs? correct answersQuickBooks gets the billable time or
cost from billable time entered on timesheets and/or billable costs entered
on checks and bills.
You're setting up a new customer. How do you tell QuickBooks that this
customer's invoices should be due 30 days after they're issued? correct
answersSet the customer's Terms to Net30.
How would you create a transaction that won't be downloaded in which you
paid for a service using a debit card? correct answersClick the create button
(plus new) and select expense. Fill out the expense and use Debit Card as
the payment method.
In QuickBooks online, entering a purchase order for inventory affects which
accounts? correct answersNo accounts are affected because purchase
orders are non-posting transactions.
Which of the following statements is true regarding vendor credit
memos? correct answersVendor credit memos reduce what you owe
the vendor.
Which of the following statements is true about merging? correct
answersYou can only merge names from the same type.
You have two customers with the same name. How do you handle this in
QuickBooks? correct answersUse a middle initial or other letter in the
display name to make one name different than the other.
How do delayed charges affect a customer's balance? correct
answersDelayed charges have no effect on a customer's balance.
Which of the following is true regarding Undeposited Funds in QuickBooks?
correct answersUndeposited funds is an account used to record payments
before you make a deposit.
What is one reason not to use a bank deposit or journal entry screen to
record sales? correct answersIf you record sales through the bank deposit or
journal entry screen, the sales will not appear on the sales report.
What transaction should you enter if a customer returns a damaged product
or, in the case of service, complains so much you decide to offer a return.
correct answersCredit Memo
When you invoice for time and costs, where does QuickBooks get the
billable time or costs? correct answersQuickBooks gets the billable time or
cost from billable time entered on timesheets and/or billable costs entered
on checks and bills.
You're setting up a new customer. How do you tell QuickBooks that this
customer's invoices should be due 30 days after they're issued? correct
answersSet the customer's Terms to Net30.
How would you create a transaction that won't be downloaded in which you
paid for a service using a debit card? correct answersClick the create button
(plus new) and select expense. Fill out the expense and use Debit Card as
the payment method.
In QuickBooks online, entering a purchase order for inventory affects which
accounts? correct answersNo accounts are affected because purchase
orders are non-posting transactions.
Which of the following statements is true regarding vendor credit
memos? correct answersVendor credit memos reduce what you owe
the vendor.
