Accounting with quick books certiport
exam
You're working in QuickBooks at a coffee shop for a few hours and don't
want to share all of your company's financial details with everyone how do
you fix it correct answersClick the private mode switch on the dashboard to
prevent sensitive financial information from being displayed in the window
What is the difference between an invoice and a sales receipt correct
answersAn invoice records a sale and how much your customer owes. sales
receipt records a sale and the payment you received, it doesn't track any
amount as owed
How do you track accounts payable in QuickBooks correct answersEnter a
bill and then use the Pay Bills window.
~!~ ~!~ ~!~
If you enter a bill, you MUST use the Pay Bills window to pay the bill.
You mailed a check to pay your monthly rent the check was lost in the mail
and was never cashed. What should you do with the check in QuickBooks
correct answersVoid the check
When should you select your checking account as the payment account on
an expense form correct answersAll of the answers are correct.
Where in QuickBooks can you find out the status of what you owe to a
vendor and when it's due correct answersAccounts payable aging report or a
vendor balance detail report
Which three statements are true about merging list entries? correct
answersYou cannot merge a customer with a vendor entry, you can only
merge names from the same type, you cannot merge expenses and items
Select two benefits of using quick books online correct answersCompanies
can easily invite their outside accountant to access the QBO company file
remotely
QBO is in the could and can be accessed anywhere with internet
What transaction should you enter if a customer returns a damaged
product that they have not yet paid for correct answersCredit memo
Correct merging vendors correct answersMerging vendors cannot be
undone
To merge vendor a into vendor b you should edit the display name of vendor
a to match vendor b
exam
You're working in QuickBooks at a coffee shop for a few hours and don't
want to share all of your company's financial details with everyone how do
you fix it correct answersClick the private mode switch on the dashboard to
prevent sensitive financial information from being displayed in the window
What is the difference between an invoice and a sales receipt correct
answersAn invoice records a sale and how much your customer owes. sales
receipt records a sale and the payment you received, it doesn't track any
amount as owed
How do you track accounts payable in QuickBooks correct answersEnter a
bill and then use the Pay Bills window.
~!~ ~!~ ~!~
If you enter a bill, you MUST use the Pay Bills window to pay the bill.
You mailed a check to pay your monthly rent the check was lost in the mail
and was never cashed. What should you do with the check in QuickBooks
correct answersVoid the check
When should you select your checking account as the payment account on
an expense form correct answersAll of the answers are correct.
Where in QuickBooks can you find out the status of what you owe to a
vendor and when it's due correct answersAccounts payable aging report or a
vendor balance detail report
Which three statements are true about merging list entries? correct
answersYou cannot merge a customer with a vendor entry, you can only
merge names from the same type, you cannot merge expenses and items
Select two benefits of using quick books online correct answersCompanies
can easily invite their outside accountant to access the QBO company file
remotely
QBO is in the could and can be accessed anywhere with internet
What transaction should you enter if a customer returns a damaged
product that they have not yet paid for correct answersCredit memo
Correct merging vendors correct answersMerging vendors cannot be
undone
To merge vendor a into vendor b you should edit the display name of vendor
a to match vendor b
