QuickBooks Practice test

Why is setting a closing date and a password strongly recommended:

• It populates the audit trail

• It sends a automatic email to the accountant

• It prevents a client from making changes to a closed period

• It creates a new Discrepancy Account in the Chart of Accounts

Which of these Company Settings must be selected to activate online invoices:

• HTML emails

• Include invoice as PDF attachemtn

• Include sales forms as PDF attachments

• Email a link to customers to pay invoices online

To set up overtime pay, you do add it as an hourly rate:

• True

• False

If you work with several companies, you'll be working with multiple QuickBooks Online company files. You can change from one company file to another at any time, but you can have only one company file open at a time is a single browser:

• True

• False

The Customer Money Bar helps you manage collecting payments from your customers. It lists all overdue and almost due invoices in a single place

• True

• False

When you're working in QuickBooks Online, you'll spend most of your time using a form, a list or a:

• Register

• Chart of Accounts

• Report

• Graph

Which customization would quickly condense the size of a Profit & Loss report:

• Filter the report to show only certain date range

• Click collapse on the report to show only parent account subtotals

• Set the total income to be summarized by customer instead of summarized by account

• Add sub-columns to include previous year amounts and $ difference between current and prior year amounts

When you click the Paycheck List tab it will automatically take you back to the payday tab to View and Print a check, Delete a check, or Modify the Check #s:

• True

• False

Lists save you time and help you enter information consistently and correctly:

• True

• False

You can set up custom pay rates for certain employees:

• True

• False