QuickBooks Interview Questions & Answers:Most Frequently Asked QuickBooks Interview Questions: All Answers Correct

Give a brief idea about QuickBooks? Ans: Quickbooks is one of the software developed by Intuit, which is purely related to accounting. Quickbooks is flexible in providing online and desktop accounting applications, including cloud-based applications. This software suite helps in the management of the bills and the payments. It is a structured software that provides multiple tools to the clients, customers, finances, inventory etc. The report center is an add-on that provides the users to track the business aspects, sales, income, expenses etc. The software is designed with flexibility and compatibility to customize the options available based on the customer or user needs. Explain the process of importing the files in QuickBooks? Ans: QuickBooks allows two types of data which can be imported and uses IIF format, which could be either ASCII, CSV files etc. The following are the steps to be followed to import the files in QuickBooks. 1. Select the upload file option in the menu and upload the file. 2. Select the file along with the spreadsheet that has the expense you want to import. 3. Select the QBO quantity as an expense 4. Setup the mapping of the columns required by mapping the fields to the QuickBooks 5. Click import and the expenses will be automatically added to the QuickBooks. List the products that are available in QuickBooks? Ans: There are multiple products available in QuickBooks. They are listed below: 1. QuickBooks Online 2. QuickBooks Self-employee 3. QuickBooks Pro 4. QuickBooks Premier 5. Customer Reviews 6. QuickBooks Enterprise 7. Upgrade QuickBooks What are the new features available in the QuickBooks 2015? Ans: QuickBooks 2015 version is developed with advanced features that are listed below: 1. Pinned Notes Availability: Allows the option to pin the notes associated with the vendor, employee, customer. The note will be displayed whenever you select the subject as and when required. 2. Update reminders window: This window helps in reminding the users regarding the to-do and the due transactions that are pending as of the current day. 3. New report formatting: This new report formatting helps the users to understand the information and read quickly. Multiple categories are representing the top-level categories with grey, low level with shaded beige and total with shaded light grey. 4. Income tracker upgrades: This option in QuickBooks helps us in tracking the number of invoices, customer payments. Also represents the box for expenses and unbilled time. Why do you think QuickBooks self-employed will need the user bank login information? Ans: As the bank information has to be secured, the QuickBooks self-employed will need the user bank login information for establishing secure connectivity with the bank or the credit card company. All the login details of the bank users will be stored in a separate database that uses hardware encryption and multi-layered software.