Acctg. QB Cert #4

Once the Easy Step interview is complete, how do you change the company information for the business name, address, or phone number?

• Filter
• Premier and higher
• A copy of a company file that allows the accountant to review and make adjustments while you continue to work in QuickBooks.
• click the collapse button
• Select Company, Company information from the menu.

What is the Deposited Funds account in QuickBooks?

• Select Company, Company information from the menu.
• when you buy and sell an item but don't need to track quantity on hand
• Trial balance opening balances
• Enter bill then click credit on top of the bill.
• An account used to record payments before you make a deposit.

What is the end result of a payroll setup interview?

• An account used to record payments before you make a deposit.
• click the collapse button
• Enter bills, pay bills
• Filter
• QuickBooks has an accurate record of employees, earning deductions and payroll history and you are ready to create the first paycheck.

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

• QuickBooks has an accurate record of employees, earning deductions and payroll history and you are ready to create the first paycheck.
• Enter bill then click credit on top of the bill.
• Premier and higher
• Select Company, Company information from the menu.
• Set the closing date and password in the accounting preferences in the company menu.

How do you identify the version and release of QuickBooks you have?

• Set the closing date and password in the accounting preferences in the company menu.
• Filter
• when you buy and sell an item but don't need to track quantity on hand
• An account used to record payments before you make a deposit.
• Press the F2 button

When you set up a new employee, how do you add a payroll deduction such as medical insurance?

• Press the F2 button
• Select Company, Company information from the menu.
• click the collapse button
• QuickBooks has an accurate record of employees, earning deductions and payroll history and you are ready to create the first paycheck.
• In the new employee window, click the change tab drop down list and select employment info, then add the medical insurance item below the additions deductions and company contributions.

There are two primary financial statements that summarize the chart of accounts. Which of the following is one of these reports?:

• In the new employee window, click the change tab drop down list and select employment info, then add the medical insurance item below the additions deductions and company contributions.
• An account used to record payments before you make a deposit.
• Enter bill then click credit on top of the bill.
• Set the closing date and password in the accounting preferences in the company menu.
• Balance Sheet

When should you VOID instead of delete a check?

• Balance Sheet
• QuickBooks has an accurate record of employees, earning deductions and payroll history and you are ready to create the first paycheck.
• Filter
• Press the F2 button
• You used the check number but it will never be cashed.

How do you pay payroll liabilities in QuickBooks?

• You used the check number but it will never be cashed.
• Set the closing date and password in the accounting preferences in the company menu.
• Select Company, Company information from the menu.
• In the new employee window, click the change tab drop down list and select employment info, then add the medical insurance item below the additions deductions and company contributions.
• Select payments you want to make from the pay schedule liabilities and the payroll center then click view pay

Which of the following is NOT a billing option when you prepare a progress report?

• Select payments you want to make from the pay schedule liabilities and the payroll center then click view pay
• Press the F2 button
• An account used to record payments before you make a deposit.
• Balance Sheet
• Invoice for hours entered on timesheet