ACCT 4251 - 200+ QuickBooks ProAdvisor Certification Exam Questions & Answers (UPDATED) Assured A+.

ACCT 4251 - 200+ QuickBooks ProAdvisor Certification Exam Questions & Answers (UPDATED) Assured A+. Exam Duration: 2 to 3 hours Total Sections: 5 Total number of Questions: 75 Minimum Passing Score: 90% in each Section Certification Question (1):- When you send a QuickBooks report to Excel, which features allow you to choose what sections of the report to collapse? Answer: Auto outline. Question (2):- What is the purpose of an Audit Trailreport? Answer: Track any changes and deletions to transactions and track which user makes the change or the deletion. Question (3):- What can you do in the report center? Answer: Run most reports in QuickBooks Question (4):- The company file you are working on is a mess. You decided to start a new file. At the same time, you want to keep all the lists and preferences and just delete the transactions. How do you do this? Answer: Click the File menu, choose Utilities, clean up company data, then choose the default transaction option. Question (5):- Your company sells unique items to every customer. They never sell the same service or product twice. What item should you set up in QuickBooks? Answer: Set up a generic item and edit the description and price each time. ACCT 4251 - 200+ QuickBooks ProAdvisor Certification Exam Questions & Answers (UPDATED) Assured A+ Question (6):- You hired a subcontractor to work 40 hours per week. Which list should you add this person to? Answer: Vendors. Question (7):- When should you enter a customer credit memo? Answer: When the customer returns a product that is damaged. Question (8):- How do you make a column on a report wider? Answer: Click the diamond to the right of the column and drag it to the right. Question (9):- When you run a profit and loss on an accrual basis what does QuickBooks include as income? Answer: All sales Question (10):- What is the quickest way to find an invoice from 6 months ago? Answer: Open an invoice and click the find button. Open an invoice and click the find button. Question (11):- How do items affect the financial statement? Answer: When you purchase or sell an item the value of the on-sale purchase flows to the account Question (12):- You accidentally entered the same customer twice in the customer center with a slightly different spelling. How do you merge these entries? Answer: Edit the unwanted list entry, change the name you want to merge, and click ok, then yes when prompted to merge. Question (13):- How do you record debit card transactions in QuickBooks? Answer: Use the write checks window, enter the check and write debit the check number field. Question (14):- Which is a reason to NOT enter a general journal entry? Answer: To enter transactions in another way instead of using forms Question (15):- The bank notifies you that a customer’s check you deposited has bounced. The customer does not have sufficient funds to cover the check. What should you NOT do? Answer: Delete the customer payment from the deposit. Question (16):- How do you display a group of reports? Answer: Click the reports menu then select process multiple reports. Question (17):- Which payroll service allows you to print state tax forms? Answer: Basic payroll Question (18):- How do you customize a report, i.e. change the information QuickBooks displays, change the title, etc? Answer: Click the modify report button on the report. Question (19):- A list entry may be deleted only when… Answer: It has no balance; it has not been used and is not linked to anything that has been used. Question (20):- Your company provides its employees with sick/vacation hours. You need to track how many hours each employee currently has available, how many they add or accrue and you need to reduce their accrued hours when you pay them for sick or vacations time. How would you do this in QuickBooks? Answer: Click the vacation button on the employee set up to define how to accrue time and tell QuickBooks how many hours the employee is available. When you pay an employee for sick/vacations time, click the sick/vacation button and reduce those available hours Question (21):- Your company had to return some goods to a vendor. How do you record the vendor credit in QuickBooks? Answer: Enter bill then click credit on top of the bill. Question (22):- What do you use to narrow the data QuickBooks displays on a report? Answer: Filter Question (23):- Once the Easy Step interview is complete, how do you change the company information for the business name, address, or phone number? Answer: Select File, Easy step interview Question (24):- What is the Undeposited Funds account in QuickBooks? Answer: An account used to record payments before you make a deposit Question (25):- What is the end result of a payroll setup interview? Answer: QuickBooks has an accurate record of employees, earing deductions, and payroll history and you are ready to create the first paycheck. Question (26):- You finished entering all the transactions for last year, and just send the file to the tax preparer. How do you assure that no one accidentally deletes or edits a transaction last year? Answer: Set the closing date and password in the accounting preferences in the company menu Question (27):- How do you identify the version and release of QuickBooks you have? Answer: Press the F2 button. Question (28):- When you set up a new employee, how do you add a payroll deduction such as medical insurance? Answer: In the new employee window, click the change tab drop-down list and select payroll and compensation info, and then add the medical insurance payroll item below the additions deductions and company contributions. Question (29):- When should you VOID instead of deleting a check? Answer: You used the check number but it will never be cashed. Question (30):- How do you pay payroll liabilities in QuickBooks? Answer: Select payments you want to make from the pay schedule liabilities in the payroll center then click view pay. Question (31):- When can you delete a check from QuickBooks without voiding it? Answer: You entered a check-in QuickBooks but haven't printed it yet. You realize the purchase was actually made using a credit card. The check was never really used.