Quickbooks certification Study guides, Class notes & Summaries

QuickBooks Certification Practice 100 Questions with Verified Answers When setting up a company, what should you do when you reach the Trial Balance/Opening Balances page? - CORRECT ANSWER There is no page or option called Trial Balance/Opening Balances. You can use the Opening Balance Field when you add Vendors (A/P) and Customers (A/R) to enter these balances. Which of the following CANNOT be entered during the setup of a new company (Express Start or Advanced/Detailed Setup) file? - COR...

QuickBooks Certification Exam Practice 111 Questions with Verified Answers Which of the following should you do at the end of an accounting period? - CORRECT ANSWER all of the above: - reconcile cash, credit card, and loan accounts against period-end statements - run reports for the period and verify their accuracy - enter depreciation entries which of the following is true? - CORRECT ANSWER the total credits must match the total debits in each general journal entry when might you ne...

QuickBooks Certification Exam Study Guide Latest Update with Verified Answers Why would you hide or collapse sub accounts on a report? To temporarily hide unnecessary detail and hide parent accounts What should you do after you click save & close on a customer credit memo? Choose between retained as an available credit, give a refund or apply to an invoice Which of the following CAN be memorized in quickbooks? check Which is NOT shown on the payroll summary report on quickbooks? information n...

Quickbooks Certification Study Guide with correct Answers

you have two customers with the same name. How do you handle this in QuickBooks? (Ans- Use a middle initial or other letter in the display name to make one name different from the other You need to set up a new user so they can see reports but can do nothing else in QuickBooks. Put the steps for setting up a user who can only see reports in the correct order. (Ans- 1. click the Company menu and choose manage users. 2. In the manage users screen, click new. 3. for user type, choose re...

QuickBooks Certification Exam Study Guide with complete solutions Why would you hide or collapse sub accounts on a report? - ANS ️️ To temporarily hide unnecessary detail and hide parent accounts What should you do after you click save & close on a customer credit memo? - ANS ️️ Choose between retained as an available credit, give a refund or apply to an invoice Which of the following CAN be memorized in quickbooks? - ANS ️️ check Which is NOT shown on the payroll summary repo...

After quickbooks sets up a chart of accounts in the easy step interview, which of the following is True? (Ans- It's possible to add more accounts later #Assume that quickbooks is now in single user mode. What does this mean? (Ans- only one user can access the data file The bank notified you that a customer's check you deposited has bounced. The customer did not have sufficient funds to cover the check. What should you do? (Ans- Record a transaction to show the customer owes you the...

QuickBooks Certification Questions and Answers Graded A+ Why must you set deposit frequencies for the taxes or deductions your company has to pay (Payroll Liabilities)? 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? 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"...

Quickbooks Certification Questions with Verified Solutions 2024 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 fro...

QuickBooks Certification Exam Study Guide with complete solutions