QuickBooks Certification Exam Study Guide With complete solution Latest 2025/2026

QuickBooks Certification Exam Study Guide With
complete solution Latest 2025/2026
Why would you hide or collapse sub accounts on a report? - Correct Answers To temporarily hide
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unnecessary detail and hide parent accounts
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Il` What should you do after you click save & close on a customer credit memo? - Correct Answers
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Il` Choose between retained as an available credit, give a refund or apply to an invoice
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Il` Which of the following CAN be memorized in quickbooks? - Correct Answers check
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Il` Which is NOT shown on the payroll summary report on quickbooks? - Correct Answers
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Il` information necessary to complete your state unemployment tax form Il` Il` Il` Il` Il` Il` Il` Il`




Il` The bank notified you that a customer's check you deposited has bounced. The customer did not
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Il` have sufficient funds to cover the check. What should you do? - Correct Answers Record a
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Il` transaction to show the customer owes you the money and that the checking balance decreasedIl` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`




Il` by that same amount
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Il` Suppose you always want all reports to show a specific size and color,how do you set standard
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Il` preference in quickbooks so you don't have to customize each report? - Correct Answers Click
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Il` the edit menu and select preferences then click the reports and graphs group to set preferences
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Il` Suppose you want to restrict which users can access customer credit card numbers. How do you
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Il` do this? - Correct Answers Give the user access to sales and accounts receivable but do not
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Il` check the complete credit card numbers
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Il` Which of the following is a possible reason for a bank reconciliation discrepancy? - Correct
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Il` Answers The beginning balance calculated by quickbooks does not match last months ending
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Il` balance

, Il` which of the following statements is TRUE regarding Undeposited funds? - Correct Answers It is
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Il` an account used to record payments before you make a deposit
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Il` Which accounts are affected when you enter Time in quickbooks? - Correct Answers Accounts
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Il` receivable



Il` Workers who require a W2 tax form at the end of the year should be added to which of the
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Il` following lists? - Correct Answers Employee Il` Il` Il` Il` Il` Il` Il` Il` Il`




Il` If you have customized report that you use each month, which feature lets you run the - Correct
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Il` Answers Memorize Report Il` Il` Il` Il` Il`




Il` What is the primary reason for setting a closing date in Quickbooks? - Correct Answers To
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Il` restrict users from deleting, editing or adding transactions to last year
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Il` Your new employee earned an annual salary of $40,000. How do you enter this into quickbooks? -
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Il` Correct Answers Enter 40,000 in the payroll info window
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Il` What steps must you complete to use the payroll center to pay payroll liabilities - Correct
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Il` Answers set deposit frequencies Il` Il` Il` Il` Il` Il`




Il` Name the section of the balance sheet - Correct Answers Assets, Liabilities, Equity
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Il` When you create a new company file, quickbooks asks for your start date. What is the best
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Il` definition of the start date in quickbooks? - Correct Answers The day you chose to start
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Il` recording the finacial records in quickbooks Il` Il` Il` Il` Il`