The Basics of Quickbooks

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

When should you create an invoice in QuickBooks?

• When a customer purchases goods or services but does not pay you at the time of the sale

• When a customer purchases goods or services, but you don’t want to record the sale as final

• When a customer purchases goods or services and pays you in cash at the time of the sale

• When a customer purchases goods or services and pays you by check or credit card at the time of the sale

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

Which of the following is NOT an Item Type?

• Service

• Inventory Part

• Income

• Non-Inventory Part

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.

How do you customize QuickBooks by changing the color scheme and adding or removing icons from the Home page?

• Right-click on an icon on the Home page to remove it or replace it. Right-click on the Home page in a blank space to change the color scheme

• Click Change the look of QuickBooks on the Home page

• You cannot change the color scheme of QuickBooks

• Choose Edit > Preferences > Desktop View

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 combinations mentioned.

How do you switch to Multi-User Mode?

• Choose Company > Set Up Users and Passwords > Set Up Users from the

• Open the data file from a remote location.

• Choose Edit > Preferences > Multi-User from the menu.

• Choose File > Switch to Multi-user Mode from the menu.