Daltonvicky

Can you delete or make inactive something on a list if it has a balance (e.g. Customer, Vendor, or Stock Product, or Account)? ANSWER -- Yes, QuickBooks will automatically create a transaction to make the balance zero. While setting up a QuickBooks Online account, you accidentally entered the wrong company address. How would you fix this error? ANSWER -- Change it in Account and Settings window, which you can access by clicking the Gear icon and select Account and Settings. If you use Quic...

When printing paychecks, what is the preferred check style to give an employee a paystub? - ANSWER-Voucher When setting up a new employee, what is important about the Payroll Info tab? - ANSWER-Whatever you enter/see in this window affects each paycheck, unless you change the information on the paycheck itself How do you create a memorized group of reports? - ANSWER-Open the Memorized Report List and then click Memorized Report > New Group What is the purpose of subaccounts? - ANSWER...

What is one way that QuickBooks uses the Account Type? a. To track revenue and expense by office or business segment b. For financial ratios in the Analysis module c. To change the color of different sections on the financial statements d. To identify where the account appears on the financial statements -ANSWER - d. To identify where the account appears on the financial statements This is the correct answer. The first set of accounts appear on the Balance Sheet (Assets, Liabiliti...

What type of business relies on knowing their inventory at all times? -ANSWER - B2B Wholesale businesses *** Managing inventory and avoiding out-of-stock situations is critical to the success of what type of business, as well as understanding cash flow and balance sheets? -ANSWER - Retail and e-commerce businesses What are the three different ways to get information into QuickBooks Online? -ANSWER - 1. Convert data in existing QuickBooks Desktop software 2. Import customers, vendors, Char...

Question (1): QuickBooks Online has some great features. Clients can use Online Invoicing, which will track when they've been viewed and paid. Online Invoicing even allows for customer queries via online messages directly linked to the invoice. You now need to enable this feature in the new client company you're setting up. Take a look at the steps below 1. Select the Gear icon, and select Account and Settings, under the Your company column) 2. _____________ and scroll down to the Online...

One of the major advantages of all subscription levels of QuickBooks Online have over the desktop version is: -ANSWER - All the data is hosted, backed up and secured by Intuit's servers Your client uses QuickBooks Online Simple Start. How many accountant users can your client invite? -ANSWER - 2 Your client is moving out of state and wants you to do the monthly accounting in their data file. What would be the best reason to recommend converting to QuickBooks Online? -ANSWER - Online acces...

QuickBooks Online -ANSWER - Marcus runs a small tailoring firm called Tailoring to Your Needs, Inc. in Santa Barbara. He needs something that will help him manage his finances with the help of his accountant. Which product do you think might suit him best? 350 - 50 points for each of the five new client subscriptions - 100 points for Alison passing her exam -ANSWER - Dianne's team recently added five new QuickBooks Online client subscriptions to the firm, and Alison, the bookkeeper, just ...

You've been hired by a company that started in 1911. They've never used QuickBooks. During the EasyStep Interview, what "Start Date" should you use? -ANSWER - The date you want to begin tracking the company's finances in QuickBooks When setting up a new company through the EasyStep Interview, some company information is optional and some is absolutely required. Which of the following pieces of information does QuickBooks require you to enter? -ANSWER - Company name Which of the follow...

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 -Ba...

After quickbooks sets up a chart of accounts in the easy step interview, which of the following is True? - ANSWER -It's possible to add more accounts later #Assume that quickbooks is now in single user mode. What does this mean? - ANSWER -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? - ANSWER -Record a transaction to show the customer owes y...