How do you identify the version and release of the QuickBooks you are using?

Click the File menu and select Version Information

Click the Help menu and select About QuickBooks

How do you hide all subaccounts on a report?

Click the Customize Report button. Then click Hide Subaccounts and click OK

Click the Hide Subaccounts button

How do you display a group of reports?

Click the Reports menu and then select Process Multiple Reports

Click the Process Multiple Reports icon on the Home page

Click the File menu and select Print Reports > Multiple Reports

Click the Report Center icon. Then click the Process Multiple Reports button.

What is the end result of the Payroll Setup Interview?

QB has an accurate record of employees, earning, deductions, and payroll history, and you are ready to create your first paycheck

QB advises if you need to create paychecks or regular checks for 1099 subcontractors

Your first payroll is completed

A payroll service option is selected and you are ready to set up employees and taxes

Your new employee earns an annual salary of $55,000. How do you enter this into QB?

In the New Employees window, enter a salary of $55,000 in the Payroll Info window

Divide $55,000 by the number of pay periods (example: monthly) and manually enter this amount in the Payroll Info tab

Divide $55,000 by the number of hours in a work week and enter that amount in the Payroll Info tab (so you can enter hours for the employee)

Divide $55,000 by the number of pay periods (example: monthly) and manually enter this amount on each paycheck

Which of the following editions of QuickBooks support multiple users?

All versions support multiple users

QuickBooks does not support multiple users

Which of the following CANNOT be entered during the setup of a new company (Express Start or Advanced/Detailed Setup) file?

Checking account statement balance

You accidentally entered the same customer twice in the Customer Center (with a slightly different spelling). How do you merge these two entries?

Edit the unwanted entry. Change the name to match the name you want to merge into. Click OK . Then click YES when prompted to merge the names

Edit the unwanted entry. Click the Merge to button. Then select the appropriate name to merge into. Then click OK

Click the Company menu and select Merge Names . Then select the two names to merge from the appropriate lists. Then click Merge

Merging list entries is not possible. You can only delete unwanted entries

Which is NOT a good reason to enter a general journal entry?

To avoid using the build-in forms (ie: checks and invoices)

For accountants to correct errors

Your company sells unique items to every customer (they never sell the same service or product twice). What item(s) should you set up in QuickBooks?

Set up a generic item and edit the description price each time

Do not use items when invoicing the customer. Instead, just type the description and price in the notes area

Click the Remove After Use button in the New Item window

Click the One-Time Use button in the New Item window

You finished entering all the transactions for last year and just sent the file to the tax preparer. How do you ensure that no one deletes, edits, or adds a transaction to last year?

Set a Closing Date and password in the Accounting Preferences or from the Company menu

Click the Close Financial Year icon on the home page and enter the end of your fiscal year

Complete the Close the Books wizard

In the Company Information window, select the First month in your fiscal year

How do you pay Payroll Liabilities in QB?

Select the payments you want to make from the Pay Taxes & Other Liabilities list in the Payroll Center . Then click View/Pay

Drag and drop liabilities to the payment calendars

Click Write Checks (or use the check register), enter the amount, and then select Payroll Liabilities as the account in the Expenses tab

Click Write Checks (or use the check register), enter the amount, and then select Payroll Items you are paying in the Items tab

How do you make a column wider on a report?

Click on the three dots to the right of the column and drag it to the right

Click the Format menu and select Column > Width . Then enter an appropriate amount and click OK

Click the Customize Report button. Then click the Display tab. Then enter an appropriate column width next to the column name

Right-click on the column and select Column Width . Then enter an appropriate amount and click OK

What is the quickest way in QuickBooks to find an invoice from six months ago?

Open an invoice and click the Find button

Click Help and search for the invoice by date

Click Help and search for the invoice by number

Click the Previous button until you find the invoice

When you sell an item, how does it affect the Profit & Loss Report?

The value of the sale flows to the income account you selected when you set up the item

When you set up an item, you select Balance Sheet or Profit & Loss from the Assign drop-down list

When you set up a non-inventory items, QuickBooks assigns the current on-hand quantity to the Profit & Loss

Items does not affect the Financial Statements

A list entry may be deleted ONLY when:

It has no balance, it has not been used, and is not linked to anything that has been used

The entry has not been used in the current year

List entries can never be deleted

You enter a valid security password

Your company had to return some goods to a vendor. How do you record the vendor credit in QB?

Click the Enter Bil ls and then click Credit on the top of the bill

In the Pay Bills window, select Refunds & Credits

Click Refunds & Credits on the home page

Which of the following could explain why a profit and loss shows a profit, but the business owner doesn't have any money in the bank?

This is the difference between cash and accrual reporting.

This is the difference between fund and class reporting.

This is the difference between accounts receivable and accounts payable reporting.

This is the difference between item profitability reporting and job profitability reporting.

What can you do in the report center?

Delete reports in QuickBooks Multiple Reports

How do you display a group of reports?

Click the reports menu then select process multiple reports.

Click the reports center icon then click the process multiple reports button.

Click the file menu then click multiple reports.

Click the process multiple reports icon on the home page.

How do you customize a report, i.e. change the information QuickBooks displays, change the title etc?

Click the customize report button on the report.

Double click on the report element you want to change.

Click the modify report button on the report.

Right click on the report element you want to change.

How do you change text in the header/footer of a report?

Click the customize report button on the report and then change the header footer tab.

You can't change the header/footer in QuickBooks. You would have to do this in Excel.

Double click on the header or footer in the report you want to change.

Right click on the header footer in the report you want to change.

Suppose you always want all reports to show a specific size and color, how do you set the standard or preference in QuickBooks so you don't have to customize each report?

Click the edit menu and select preferences then click the reports and graphs group to set your report preferences.

You must customize each report individually.

Click the Reports menu and select global report preferences.

Click the Reports menu and select Memorize Reports, set preferences; you can only set report preferences for memorized reports.

How do you make a column on a report wider?

Click the three dots to the right of the column and drag it to the right.

Right click on the column and select column width, enter the appropriate amount and click OK.

Click the Format menu, select column width and enter the appropriate amount and click OK.

Click the modify report button, click the display tab, and enter the appropriate column width.

Which of the following is TRUE regarding General Journal entries?

General Journal entries require a good understanding of debits and credits and should not be used by non-accountants.

Enter a General Journal entry when you are not sure which form to use.

General Journal entries should not be used for year-end adjustments.

General Journal entries should not be used to enter depreciation.

Which is a reason to NOT enter a general journal entry?

To enter transactions in another way instead of using built in forms.

For accountants to make entries

You been asked to move the name of the customer and the customer center from the top of the list to the bottom of the list. How do you do this without renaming the customer?

Click on the diamond to the left of the name and then drag the name up or down to the desired location

Click to the right of the name then drag the name up or down the list

Right-click on the name then select sort by selection.

You can't move list entries to different location on the list

How would you track customer birth dates in QuickBooks?

Add a custom field to the customer list.

Use the built in Excel link to track the information.

Use track additional data feature in the customer center.

You cannot track customer's birthdays.

How do you move list entries to a different location on the list? For example, Customers.

Click on the diamond to the left of the name and then drag the name up or down the list.

Click to the right of the name and drag the name up or down on the list.

Right click on the name then select sort by selection.

You can't use move list entries to different locations on the list.

Which of the following is NOT true regarding merging entries?

QuickBooks allows you to merge an Expense account with an Income account.

Merging effectively combines names on a list.

Merging entries effects past transaction

You can only merge names of the same type.

List entries may be deleted only when:

There is no balance, it has not been uses and is not linked to anything that has been used.

You entered a valid security password.

List entries can never be deleted.

The entry has not been used in the current year.

Which of the following statement is TRUE regarding items?

When you purchase or sell an item, the value of the purchase or sales flows to the account and therefore the financial statement you selected when you set up the item.

Items on a transaction do not affect the financial statements.

When you set up a non-inventory item, QuickBooks assigns the current on-hand quantity to the balance sheet.

How do you make an item on the item list inactive?

Open the item list, click to select the appropriate item, then click the bottom left button and select make item inactive.

Open the item list, click to select appropriate item, then click the activities button and select inactivate item.

Open the item list, click the select inactive items button, then select the appropriate items then click ok.

Click the items list and select make entries inactive then select the appropriate list entry then click ok.

Quickbooks Certification Review

9th - 12th Grade

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Quickbooks Certification Review

Quiz

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Business

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9th - 12th Grade

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Practice Problem

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Medium

Christopher Grace

Used 483+ times

FREE Resource

105 questions

Show all answers

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Where would you go to find more information about QuickBooks products and services?

Intuit.com

Google.com

QuickBooks.com/tellmeallaboutquickbooks

Youtube.com

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Match the term to the definition:

Expenses

Proceeds generated from the sale of your product or business.

Everything a business owns.

Money owed to others.

Everything the business has in its possession.

Money spent to run the day to day business operations.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The day that you start tracking your day to day business in QuickBooks is known as your "Start Date".

True

False

MULTIPLE CHOICE QUESTION

1 min • 1 pt

With QuickBooks Online Payroll, customers have to pay extra to offer employees direct deposit.

True

False

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is quidbook features

main menu

banking

company

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is part of menu bar

Telephone

File

Icon

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following elements on an invoice can you NOT customize?

Which fields appear on the screen when someone creates an invoice

Adding your company’s unique logo

The amount of information (number of characters you can type in each field)

Which fields appear on the printed invoice

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Quickbooks Certification Review

105 questions

Where would you go to find more information about QuickBooks products and services?

Match the term to the definition:

Expenses

The day that you start tracking your day to day business in QuickBooks is known as your "Start Date".

With QuickBooks Online Payroll, customers have to pay extra to offer employees direct deposit.

Which is quidbook features

Which is part of menu bar

Which of the following elements on an invoice can you NOT customize?

What is the purpose of an audit-trail report?

Which of the following transactions cannot be memorized?

How do you identify the version and release of the QuickBooks you are using?

Create a free account and access millions of resources

Similar Resources on Wayground

Popular Resources on Wayground

Discover more resources for Business

Quickbooks Certification Review

105 questions

Where would you go to find more information about QuickBooks products and services?

Match the term to the definition:Expenses

The day that you start tracking your day to day business in QuickBooks is known as your "Start Date".

With QuickBooks Online Payroll, customers have to pay extra to offer employees direct deposit.

Which is quidbook features

Which is part of menu bar

Which of the following elements on an invoice can you NOT customize?

What is the purpose of an audit-trail report?

Which of the following transactions cannot be memorized?

How do you identify the version and release of the QuickBooks you are using?

Create a free account and access millions of resources

Similar Resources on Wayground

Popular Resources on Wayground

Discover more resources for Business

Match the term to the definition:

Expenses