Quickbooks Certification
Questions and Complete
Solutions Graded A+
Why must you set deposit frequencies for the taxes or deductions your company has to pay (Payroll
Liabilities)? - Answer: So that Payroll Liabilities show yp in the Pay Taxes & Other Liabilities list in the
Payroll Center
What are the first two steps to set up payroll in Quickbooks? - Answer: 1) Sign up for a payroll services;
and 2) complete the Payroll Setup Interview
What are the 2 main Financial Statements you can run from the "Company and Financial" category of
reports? - Answer: Balance Sheet. Profit and Loss
What are the main sections of the Profit & Loss? - Answer: Income, Cost of Goods Sold, and Expenses
How do you move columns on a report? - Answer: Move your cursors over the column heading, and
when it becomes a hand, click and drag the column to the desired position.
How do you create a memorized group of reports? - Answer: Open the Memorized Report List and then
Click Memorized Report > New Group
What happens if you double-click a diamond on a report column? - Answer: None of the above
Which of the following reports answers the question "What transactions make up the current balance I
owe each Vendor"? - Answer: Vendor Balance Detail
You sent Quickbooks a report to Excel and made some changes. How do you import the changes back to
Quickbooks? - Answer: You can't import changes in Excel back to Quickbooks.
, You've been hired by a company that started in 1911. They've never used QuickBooks. During the
Advanced/Detailed Setup, what "State Date" should you use in the EasyStep Interview? - Answer: The
date you want to begin tracking the company's finances in Quickbooks.
Which of the following CANNOT be entered during the setup of a new company (Express Start or
Advanced/Detailed Setup) file? - Answer: Trial Balance opening balances
How do you customize Quickbooks by changing the color scheme and adding or removing icons from the
Home page? - Answer: Choose Edit > Preferences > Desktop View
??? - Answer: Click the Formatting Tab at the top of the form; then click Customize Data Layout
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).
How do you set up multiple users in QuickBooks Pro or Premier? - Answer: Choose Company > Set Up
Users and Passwords > Set Up Users
What is the maximum number of names that cab be included on he Names lists in QuickBooks Pro or
Premier? - Answer: 14,500
What keyboard shortcut allows you to see a total for all four names lists? - Answer: F2
What do the diamonds mean on certain lists (for example, the diamonds to the left of each Customer:
Job)? - Answer: You can click on the diamond and move the list entry to a different location on the list.
If you moved a list entry up or down, what happens when you add a new entry to the list? - Answer:
Quickbooks adds new list entries to the top of the list, regardless of alphabetic order.
How do you combine or merge two list entries? - Answer: Rename the unwanted list entry to match the
name of the list entry you want to merge into.
Questions and Complete
Solutions Graded A+
Why must you set deposit frequencies for the taxes or deductions your company has to pay (Payroll
Liabilities)? - Answer: So that Payroll Liabilities show yp in the Pay Taxes & Other Liabilities list in the
Payroll Center
What are the first two steps to set up payroll in Quickbooks? - Answer: 1) Sign up for a payroll services;
and 2) complete the Payroll Setup Interview
What are the 2 main Financial Statements you can run from the "Company and Financial" category of
reports? - Answer: Balance Sheet. Profit and Loss
What are the main sections of the Profit & Loss? - Answer: Income, Cost of Goods Sold, and Expenses
How do you move columns on a report? - Answer: Move your cursors over the column heading, and
when it becomes a hand, click and drag the column to the desired position.
How do you create a memorized group of reports? - Answer: Open the Memorized Report List and then
Click Memorized Report > New Group
What happens if you double-click a diamond on a report column? - Answer: None of the above
Which of the following reports answers the question "What transactions make up the current balance I
owe each Vendor"? - Answer: Vendor Balance Detail
You sent Quickbooks a report to Excel and made some changes. How do you import the changes back to
Quickbooks? - Answer: You can't import changes in Excel back to Quickbooks.
, You've been hired by a company that started in 1911. They've never used QuickBooks. During the
Advanced/Detailed Setup, what "State Date" should you use in the EasyStep Interview? - Answer: The
date you want to begin tracking the company's finances in Quickbooks.
Which of the following CANNOT be entered during the setup of a new company (Express Start or
Advanced/Detailed Setup) file? - Answer: Trial Balance opening balances
How do you customize Quickbooks by changing the color scheme and adding or removing icons from the
Home page? - Answer: Choose Edit > Preferences > Desktop View
??? - Answer: Click the Formatting Tab at the top of the form; then click Customize Data Layout
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).
How do you set up multiple users in QuickBooks Pro or Premier? - Answer: Choose Company > Set Up
Users and Passwords > Set Up Users
What is the maximum number of names that cab be included on he Names lists in QuickBooks Pro or
Premier? - Answer: 14,500
What keyboard shortcut allows you to see a total for all four names lists? - Answer: F2
What do the diamonds mean on certain lists (for example, the diamonds to the left of each Customer:
Job)? - Answer: You can click on the diamond and move the list entry to a different location on the list.
If you moved a list entry up or down, what happens when you add a new entry to the list? - Answer:
Quickbooks adds new list entries to the top of the list, regardless of alphabetic order.
How do you combine or merge two list entries? - Answer: Rename the unwanted list entry to match the
name of the list entry you want to merge into.
