GMetrix QuickBooks
You can't add accounts that are not on the QuickBooks default list. Finish
setting up and then add the accounts directly to the Chart of Accounts.
correct answersWhen you set up a new QuickBooks company, how do you
set up a new account that is not on the default list of accounts?
If the company data file is damaged, if your computer crashed, and if you
wish to review the company data from an earlier date. correct answersWhy
would you restore a data file from the backup file?
Removes all transactions while leaving leaving lists, preferences, and
service subscriptions intact. correct answersIf you choose to remove
transactions as of a specific date from the "Condense Data" window,
what does QuickBooks do?
To enter depreciation, to correct errors, and for year-end
adjustments. correct answersWhy would you enter a journal entry?
QuickBooks Online, Quickbooks Pro, QuickBooks Premier, and QuickBooks
Enterprise Solutions. correct answersWhen you start a company or are hired
as a bookkeeper, it is important to know which edition of QuickBooks you are
using. What are the major QuickBooks editions?
You can click on the diamond and move the list entry to a different location
on the list. correct answersWhat dot he diamonds mean on certain lists?
For example, the diamonds to the left of each Customer: Job.
14,500 correct answersWhat is the maximum number of names that can be
included on the Names lists in QuickBooks Pro or Premier?
Rename the unwanted list entry to match the name of the list entry you
want to merge into. correct answersHow do you merge or combine two list
entries?
Service. correct answersSuppose you own a company that repairs bicycles.
What item type should you use for bicycle repair?
To create an invoice you must use an item. You can use one item to
represent different services or goods. Items allow you to track your sales in
more detail without cluttering your Chart of Accounts or Profit & Loss.
correct answersWhich of the following statements is true concerning items?
Inventory Assembly. correct answersWhat item type should you use for
inventory that you assemble from other items and then sell?
, The account you selected when you set up the item. correct answersWhat
account on the Chart of Accounts is affected when you sell an item?
Credit Memo. correct answersWhat transaction should you enter if a
customer returns a damaged product or, in the case of a service, complains
so much you decide to offer a refund?
From billable time entered on time sheets and/or billable costs entered on
checks and bills. correct answersWhen you invoice for your time and costs,
where does QuickBooks get the billable time or costs?
To record a customer payment at the time of a sale. correct answersWhen
should you use a Sales Receipt in QuickBooks?
Open transactions as of the statement date. correct answersWhen
you create a statement and select "All open transactions as of
Statement Date," what does QuickBooks show on the statement?
When you use the Receive Payments window, QuickBooks doesn't deposit
the money in your checking account. After you record the 5 payments, click
Record Deposits and select the 5 checks. correct answersYou received 5
customer payments in the mail. At the bank you deposit the 5 checks as
one deposit. When you record the 5 separate payments in QuickBooks, how
do you show that the 5 check were actually 1 deposit?
Vendor List. correct answersSuppose you have a subcontractor who
receives a 1099 from your company. Which list should you add them to?
Enter Bill. correct answersWhat transaction/form do you begin with to
enter a vendor credit?
Write Checks or Use Check Register. correct answersWhich from should
you use to enter petty cash expenditures?
To assign a cost to a job or purchase inventory. correct answersWhat is a
reason to use the Items tab when entering a bill?
Voucher. correct answersWhen printing paychecks, what is the preferred
check style to give an employee a pay stub?
So that Payroll Liabilities show up in the Pay Taxes & Other Liabilities list in
the Payroll Center. correct answersWhy must you set deposit frequencies for
the taxes or deductions your company has to pay (Payroll Liabilities)?
Basic, Assisted, and Enhanced. correct answersWhich of the following Payroll
Services are available with QuickBooks?
You can't add accounts that are not on the QuickBooks default list. Finish
setting up and then add the accounts directly to the Chart of Accounts.
correct answersWhen you set up a new QuickBooks company, how do you
set up a new account that is not on the default list of accounts?
If the company data file is damaged, if your computer crashed, and if you
wish to review the company data from an earlier date. correct answersWhy
would you restore a data file from the backup file?
Removes all transactions while leaving leaving lists, preferences, and
service subscriptions intact. correct answersIf you choose to remove
transactions as of a specific date from the "Condense Data" window,
what does QuickBooks do?
To enter depreciation, to correct errors, and for year-end
adjustments. correct answersWhy would you enter a journal entry?
QuickBooks Online, Quickbooks Pro, QuickBooks Premier, and QuickBooks
Enterprise Solutions. correct answersWhen you start a company or are hired
as a bookkeeper, it is important to know which edition of QuickBooks you are
using. What are the major QuickBooks editions?
You can click on the diamond and move the list entry to a different location
on the list. correct answersWhat dot he diamonds mean on certain lists?
For example, the diamonds to the left of each Customer: Job.
14,500 correct answersWhat is the maximum number of names that can be
included on the Names lists in QuickBooks Pro or Premier?
Rename the unwanted list entry to match the name of the list entry you
want to merge into. correct answersHow do you merge or combine two list
entries?
Service. correct answersSuppose you own a company that repairs bicycles.
What item type should you use for bicycle repair?
To create an invoice you must use an item. You can use one item to
represent different services or goods. Items allow you to track your sales in
more detail without cluttering your Chart of Accounts or Profit & Loss.
correct answersWhich of the following statements is true concerning items?
Inventory Assembly. correct answersWhat item type should you use for
inventory that you assemble from other items and then sell?
, The account you selected when you set up the item. correct answersWhat
account on the Chart of Accounts is affected when you sell an item?
Credit Memo. correct answersWhat transaction should you enter if a
customer returns a damaged product or, in the case of a service, complains
so much you decide to offer a refund?
From billable time entered on time sheets and/or billable costs entered on
checks and bills. correct answersWhen you invoice for your time and costs,
where does QuickBooks get the billable time or costs?
To record a customer payment at the time of a sale. correct answersWhen
should you use a Sales Receipt in QuickBooks?
Open transactions as of the statement date. correct answersWhen
you create a statement and select "All open transactions as of
Statement Date," what does QuickBooks show on the statement?
When you use the Receive Payments window, QuickBooks doesn't deposit
the money in your checking account. After you record the 5 payments, click
Record Deposits and select the 5 checks. correct answersYou received 5
customer payments in the mail. At the bank you deposit the 5 checks as
one deposit. When you record the 5 separate payments in QuickBooks, how
do you show that the 5 check were actually 1 deposit?
Vendor List. correct answersSuppose you have a subcontractor who
receives a 1099 from your company. Which list should you add them to?
Enter Bill. correct answersWhat transaction/form do you begin with to
enter a vendor credit?
Write Checks or Use Check Register. correct answersWhich from should
you use to enter petty cash expenditures?
To assign a cost to a job or purchase inventory. correct answersWhat is a
reason to use the Items tab when entering a bill?
Voucher. correct answersWhen printing paychecks, what is the preferred
check style to give an employee a pay stub?
So that Payroll Liabilities show up in the Pay Taxes & Other Liabilities list in
the Payroll Center. correct answersWhy must you set deposit frequencies for
the taxes or deductions your company has to pay (Payroll Liabilities)?
Basic, Assisted, and Enhanced. correct answersWhich of the following Payroll
Services are available with QuickBooks?
