ACTUAL EXAM | LATEST UPDATED| REAL EXAM AND COMPLETE
QUESTIONS AND ANSWERS | 100% RATED CORRECT | 100% VERFIED
| ALREADY GRADED A+
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
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
What are the 2 main Financial Statements you can run from the "Company and
Financial" category of reports? - (answer)Balance Sheet. Profit and Loss
What are the main sections of the Profit & Loss? - (answer)Income, Cost of Goods
Sold, and Expenses
,How do you move columns on a report? - (answer)Move your cursors over the
column heading, and when it becomes a hand, click and drag the column to the
desired position.
How do you create a memorized group of reports? - (answer)Open the Memorized
Report List and then Click Memorized Report > New Group
What happens if you double-click a diamond on a report column? - (answer)None
of the above
Which of the following reports answers the question "What transactions make up
the current balance I owe each Vendor"? - (answer)Vendor Balance Detail
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.
, 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)The date you want to begin tracking the
company's finances in Quickbooks.
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
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
??? - (answer)Click the Formatting Tab at the top of the form; then click Customize
Data Layout
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