QuickBooks Practice 1

Which user types do not have permissions to view customer or vendor information? Choose two answers.

• Accountants

• Custom user

• Reports only

• Time tracking only

Which user types do not have permissions to view customer or vendor information? Choose two answers.

• Accountants

• Custom user

• Reports only

• Time tracking only

You purchased something with a debit card, which of the following is not a step?

• From the chart of accounts set up a credit card type account named debit card.

• Enter who you paid how much and what it was for, expense account.

• On the homepage record credit card charge

• Open the Write Checks window. Type debit in the number field type, who you paid, how much and what it was for, expense account.

• Choose Save and Close

Customer received goods and services but hasn’t paid yet.

• Statement

• Sales receipt

• Estimate

• Sales Orders

• Invoice

Your company no longer sells a particular item. You’ve been asked to make the item inactive. Which is step two?

• Open the Item List

• Drag the Item off the list

• Select make Item Inactive

• Click on the Item you want to hide

• Click the Item drop-down arrow at the bottom left of the window.

Which form CANNOT be customized?

• Estimate

• Invoice

• Sales Receipt

• Bill

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

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

• Click the one time use button in the new item window.

• Set up unique items for each sale and make them inactive after the sale.

• Do not use items when invoicing the customer.

You want to remind a customer about the outstanding invoices they still owe you for.

• Statement

• Estimate

• Sales receipt

• Invoice

• Sales Orders

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

• QuickBooks refunds the credit on the home page.

• Enter a journal entry.

• Enter bill then click credit on top of the bill.

• In the pay bills window, select refunds and credits.

Where can billable expenses be set up?

• Create - Billable Expenses

• Create - Expense Tracking

• Settings - Account and Settings - Expenses

• Settings - Account and Settings - Advanced