QuickBooks Final Exam/QuickBooks Certification Test/Quickbooks Certification Q&A/Quickbooks Exam Q&A/QuickBooks Practice Test 100 Q&A/QuickBooks Online Certification Test Study Guide/Quickbooks Online Certification/QUICKBOOKS CERTIFICATION EXAM STUDY GUID

After quickbooks sets up a chart of accounts in the easy step interview, which of the following is True? - Answer- It's possible to add more accounts later #Assume that quickbooks is now in single user mode. What does this mean? - Answer- only one user can access the data file The bank notifi...

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) ...

Which of the following statements is true about entering and paying bills in Quickbooks? - Answer- If you record bills do not use write checks Which of the following statements is true regarding vendor credit memos? - Answer- vendor credit memos reduce what you owe When should you use the item...

During the Advanced Setup, you can turn on and off which features in the EasyStep Interview? a. Sales taxes b. Inventory c. Progress Invoicing d. All of the above - Answer- ALL of the above During the Advanced Setup, you can set up a password for which of the following users during the EasySt...

Can you delete or make inactive something on a list if it has a balance (e.g. Customer, Vendor, or Stock Product, or Account)? - Answer- Yes, QuickBooks will automatically create a transaction to make the balance zero. While setting up a QuickBooks Online account, you accidentally entered the wro...

One of the major advantages of all subscription levels of QuickBooks Online have over the desktop version is: - Answer- All the data is hosted, backed up and secured by Intuit's servers Your client uses QuickBooks Online Simple Start. How many accountant users can your client invite? - Answer- 2...

Can you delete or make inactive something on a list if it has a balance (e.g. Customer, Vendor, or Stock Product, or Account)? - Answer- Yes, QuickBooks will automatically create a transaction to make the balance zero. While setting up a QuickBooks Online account, you accidentally entered the wro...

Which of the following CANNOT be entered during the setup of a new company? A. Company name and address B. Chart of accounts C. Trial balance, open balance D. Checking account statement balance - Answer- C After QuickBooks sets up a chart of accounts during the Express Start or Advanced Set...

Move each answer financial report from the list on the left to the correct description on the right. 1) Shows assets, liabilities, and equity at one point in time 2) Used to understand changes in revenues and expenditures 3) Shows income, expenses, and net income during a specific time period ...

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 there. How can you fix this? - Answer- Click the Private mode switch on the dashboard to prevent sensitive financial information from being displayed in this...

which of the following cannot be entered during the setup of a new company? - Answer- trial balance, open balance after quickbooks sets up a chart of accounts during the express start or advanced setup, which of the following is true ? - Answer- it is possible to add more accounts later. once ...