Page | 1
QUICKBOOKS PROADVISOR
CERTIFICATION EXAM NEWEST
ACTUAL EXAM COMPLETE ALL 80
QUESTIONS AND CORRECT
DETAILED ANSWERS✓
Question: Why must you set deposit frequencies for the taxes or deductions
your company has to pay (Payroll Liabilities)?
Answer:
So that Payroll Liabilities show yp in the Pay Taxes & Other Liabilities list in
the Payroll Center
Question: What are the first two steps to set up payroll in Quickbooks?
Answer:
1) Sign up for a payroll services; and 2) complete the Payroll Setup Interview
Question: What are the 2 main Financial Statements you can run from the
"Company and Financial" category of reports?
Answer:
Balance Sheet. Profit and Loss
Question: What are the main sections of the Profit & Loss?
Answer:
Income, Cost of Goods Sold, and Expenses
Question: How do you move columns on a report?
, Page | 2
Answer:
Move your cursors over the column heading, and when it becomes a hand,
click and drag the column to the desired position.
Question: How do you create a memorized group of reports?
Answer:
Open the Memorized Report List and then Click Memorized Report > New
Group
Question: What happens if you double-click a diamond on a report column?
Answer:
None of the above
Question: Which of the following reports answers the question "What
transactions make up the current balance I owe each Vendor"?
Answer:
Vendor Balance Detail
Question: You sent Quickbooks a report to Excel and made some changes.
How do you import the changes back to Quickbooks?
Answer:
You can't import changes in Excel back to Quickbooks.
Question: You've been hired by a company that started in 1911. They've never
used QuickBooks. During the Advanced/Detailed Setup, what "State Date"
should you use in the EasyStep Interview?
Answer:
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The date you want to begin tracking the company's finances in Quickbooks.
Question: Which of the following CANNOT be entered during the setup of a
new company (Express Start or Advanced/Detailed Setup) file?
Answer:
Trial Balance opening balances
Question: How do you customize Quickbooks by changing the color scheme
and adding or removing icons from the Home page?
Answer:
Choose Edit > Preferences > Desktop View
Question: ???
Answer:
Click the Formatting Tab at the top of the form; then click Customize Data
Layout
Question: You need to enter the same transaction each month (for example,
an insurance payment). How can you automate this process in Quickbooks?
Answer:
While the transaction is on the screen, choose Edit > Memorize check (or the
name of the transaction).
Question: How do you set up multiple users in QuickBooks Pro or Premier?
Answer:
Choose Company > Set Up Users and Passwords > Set Up Users
QUICKBOOKS PROADVISOR
CERTIFICATION EXAM NEWEST
ACTUAL EXAM COMPLETE ALL 80
QUESTIONS AND CORRECT
DETAILED ANSWERS✓
Question: Why must you set deposit frequencies for the taxes or deductions
your company has to pay (Payroll Liabilities)?
Answer:
So that Payroll Liabilities show yp in the Pay Taxes & Other Liabilities list in
the Payroll Center
Question: What are the first two steps to set up payroll in Quickbooks?
Answer:
1) Sign up for a payroll services; and 2) complete the Payroll Setup Interview
Question: What are the 2 main Financial Statements you can run from the
"Company and Financial" category of reports?
Answer:
Balance Sheet. Profit and Loss
Question: What are the main sections of the Profit & Loss?
Answer:
Income, Cost of Goods Sold, and Expenses
Question: How do you move columns on a report?
, Page | 2
Answer:
Move your cursors over the column heading, and when it becomes a hand,
click and drag the column to the desired position.
Question: How do you create a memorized group of reports?
Answer:
Open the Memorized Report List and then Click Memorized Report > New
Group
Question: What happens if you double-click a diamond on a report column?
Answer:
None of the above
Question: Which of the following reports answers the question "What
transactions make up the current balance I owe each Vendor"?
Answer:
Vendor Balance Detail
Question: You sent Quickbooks a report to Excel and made some changes.
How do you import the changes back to Quickbooks?
Answer:
You can't import changes in Excel back to Quickbooks.
Question: You've been hired by a company that started in 1911. They've never
used QuickBooks. During the Advanced/Detailed Setup, what "State Date"
should you use in the EasyStep Interview?
Answer:
, Page | 3
The date you want to begin tracking the company's finances in Quickbooks.
Question: Which of the following CANNOT be entered during the setup of a
new company (Express Start or Advanced/Detailed Setup) file?
Answer:
Trial Balance opening balances
Question: How do you customize Quickbooks by changing the color scheme
and adding or removing icons from the Home page?
Answer:
Choose Edit > Preferences > Desktop View
Question: ???
Answer:
Click the Formatting Tab at the top of the form; then click Customize Data
Layout
Question: You need to enter the same transaction each month (for example,
an insurance payment). How can you automate this process in Quickbooks?
Answer:
While the transaction is on the screen, choose Edit > Memorize check (or the
name of the transaction).
Question: How do you set up multiple users in QuickBooks Pro or Premier?
Answer:
Choose Company > Set Up Users and Passwords > Set Up Users
