Intuit QuickBooks Certification Exam Questions With Correct Answers

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-Track finances in more detail by grouping accounts in a logical fashion and showing a subtotal for those accounts When you run Financial Statements in QuickBooks, what bookkeeping basis can you use to view the report? - ANSWER-Cash Basis, Accrual Basis, and you can switch the bookkeeping basis if you want. What are the 2 main Financial Statements you can run from the "Company and Financial" category of reports? - ANSWER-Balance Sheet, Profit and Loss Suppose your address information appears on the upper left of your invoice and you want to move it to the lower right. How would you do this? - ANSWER-Use the Layout Designer 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 transaction is on the screen, choose Edit > Memorize check (or the name of the transaction)