Quickbooks Test 1

What is the first step when you want to create a new company file?

• Click the File menu and select new company

• Click the file menu and select open previous company

• Open the company dialog box and select open a company

During the Advanced Setup, you can turn on and off which features in the EasyStep Interview?

• Sales tax

• Inventory

• Progress Invoicing

• All of the above

During the Advanced Setup, you can set up a password for which of the following users during the EasyStep Interview?

• administrator

• external accountant

• you cannot setup passwords during the easystep interview

• all users

When setting up a new company through the Advanced Setup, some company information is optional and some is absolutely required. Which of the following

pieces of information does QuickBooks require you to enter during the EasyStep Interview?

• company name

• company password

• tax ID

• all of the above

How do you set up multiple businesses in QuickBooks (assuming each business files a separate tax return)?

• Purchase a separate quickbooks license for each company you need to set up

• use the advanced setup to go through the easystep interviews for the oldest

• use the advanced setup to go through the easystep interview for each company

• use the advanced setup to go through the easystep interview for the largest company first, and then choose file add a separate business at the end of the interview to create a separate company file

During the Advanced Setup, how do you setup a new account that is not on the default list of accounts during the EasyStep Interview?

• you can't add accounts that are not on the QuickBooks default list. Finish the interview and add the accounts directly to the Chart of Accounts.

• Click Add new account in the EasyStep Interview.

• Select Import My Chart of Accounts during the EasyStep Interview.

• Click Edit Account during the EasyStep Interview.

You've been hired by a company that started in 1911. They've never used QuickBooks. During the Advanced Setup, what "Start Date" should you use in the EasyStep Interview?

• There is no Start Date in the EasyStep Interview.

• The date the company bought QuickBooks.

• 1911

• The date you want to begin tracking the company's finances in QuickBooks.

How do you restore a company file from a backup copy?

• Choose File > Back Up. Then click the Restore from Backup button.

• Choose File > Utilities > File Operations > Restore.

• Choose File > Open or Restore Company. Select Restore a backup copy and click Next. Choose Local or Online Backup and click Next. Select the file to restore and click Open. Choose where to restore the file to and click Save.

• Click the Restore icon on the Home page.

  click Next.

Which of the following is NOT a backup option in QuickBooks?

• Manually back up the file.

• Automatically back up the data file when closing QuickBooks.

• Schedule an unattended backup

• All of the above are QuickBooks backup options.

Why would you restore a data file from the backup file?

• You wish to review the company data as it stood at an earlier date.

• The company data file on your hard drive is damaged and cannot be used.

• Your computer crashed. You reloaded QuickBooks, and now you are ready to open the company file.

• All of the above.