Quickbooks training #2

Which of the following is not true regarding merging entries in lists?

• merging effectively combines names on a list

• quickbooks allows you to merge an expense account with an income account

• you can only merge names of the same account

• merging entires effects past transactions

At your new job you inherit a quickbooks company that has a lot of duplicates on the list. To clean this up you decide to merge redundant list entries. Whch is true

• you can merge an income account with an expense account

• you can merge a customer with a supplier entry

• you can merge expenses and items

• you can only merge names form the same type

You've just been hired as a bookkeeper and the company's quickbooks is a mess. there are many list entries that are duplicates. you decide to merge list entires to clean up the mess. Which of the following is true

• You can merge expense items

• you can merge income with expense items

• you can merge customers with vendor entries

• you can only merge names of the same type

You have two customers with the same name. How do you handle this in quickbooks?

• as long as the address is different you dont need to do anything

• use the middle initial or the other letter in the display name to make one name different from the other

• make sure the customers number is different

• when setting up the second name, click the "generate unique identity" checkbox

What is the first step in removing a customer from the customer list

• Click the customer tab

• edit the customer you want to remove

• make inactive

• delete them

Your empolyer asks you to remove a product that is no longer in sell. how do you do this?

• click the gear icon, then click account and settings. then click sales from the list to the left and select delete unsued products

• click the gear icon, then click products and services to open the list. click the drop down menu to the right of the product you want to remove, and select make inactive

• its not possible to remove a product after its been used

you notice the memo field on a transaction reads, "created by QB online".. why would quickbooks create a transaction for you?

• quickbooks doesnt create transactions automatically unless you set up a recurring transaction

• quickbooks never creates transactions unless you confirm or approve them

• you deleted a customer, vendor or account that had an open balance

• you created a transaction on the mobile app

Which of the following types will quickbooks enter for you?

• if you delete a customer or account that had an open balance quickbooks will create an adjusting entry

• quickbooks only created transactions with your approval

• quickbooks doesnt create transactions unless you set up a recurring transaction

• it will delete any customer, vendor, etc that is inactive

which of the following is not a list in quickbooks online?

• vendors

• employees

• customers

• other names

which of the following is a list in quickbooks online?

• chart of accounts

• other names

• items

• subcontractor