QUICKBOOKS PROADVISOR CERTIFICATION Exam
Questions with Correct Answers
100% Verified Graded A+
1. 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
2. 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
3. What are the 2 main Financial Statements you can run from the "Company and
Financial" category of reports?
Answer: Balance Sheet. Profit and Loss
4. What are the main sections of the Profit & Loss?
Answer: Income, Cost of Goods Sold, and Expenses
5. 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.
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,6. How do you create a memorized group of reports?
Answer: Open the Memorized Report List and then Click Memorized Report > New
Group
7. What happens if you double-click a diamond on a report column?
Answer: None of the above
8. Which of the following reports answers the question "What transactions make up
the current balance I owe each Vendor"?
Answer: Vendor Balance Detail
9. 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.
10. 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.
11. Which of the following CANNOT be entered during the setup of a new com- pany
(Express Start or Advanced/Detailed Setup) file?
Answer: Trial Balance opening balances
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, 12. 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
13. ???
Answer: Click the Formatting Tab at the top of the form; then click Customize Data Layout
14. You need to enter the same transaction each month (for example, an insur- ance
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).
15. How do you set up multiple users in QuickBooks Pro or Premier?
Answer: Choose Company > Set Up Users and Passwords > Set Up Users
16. What is the maximum number of names that cab be included on he Names lists in
QuickBooks Pro or Premier?
Answer: 14,500
17. What keyboard shortcut allows you to see a total for all four names lists?-
Answer: F2
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Questions with Correct Answers
100% Verified Graded A+
1. 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
2. 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
3. What are the 2 main Financial Statements you can run from the "Company and
Financial" category of reports?
Answer: Balance Sheet. Profit and Loss
4. What are the main sections of the Profit & Loss?
Answer: Income, Cost of Goods Sold, and Expenses
5. 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.
1/
16
,6. How do you create a memorized group of reports?
Answer: Open the Memorized Report List and then Click Memorized Report > New
Group
7. What happens if you double-click a diamond on a report column?
Answer: None of the above
8. Which of the following reports answers the question "What transactions make up
the current balance I owe each Vendor"?
Answer: Vendor Balance Detail
9. 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.
10. 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.
11. Which of the following CANNOT be entered during the setup of a new com- pany
(Express Start or Advanced/Detailed Setup) file?
Answer: Trial Balance opening balances
2/
16
, 12. 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
13. ???
Answer: Click the Formatting Tab at the top of the form; then click Customize Data Layout
14. You need to enter the same transaction each month (for example, an insur- ance
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).
15. How do you set up multiple users in QuickBooks Pro or Premier?
Answer: Choose Company > Set Up Users and Passwords > Set Up Users
16. What is the maximum number of names that cab be included on he Names lists in
QuickBooks Pro or Premier?
Answer: 14,500
17. What keyboard shortcut allows you to see a total for all four names lists?-
Answer: F2
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16
