Chapter 2: Create a New Company - Assessment Test

While creating a new company, you are given the option to add a Payroll Service.

• True

• False

When creating a company, you are asked to identify how the business is set up for taxes. Choose three types of business tax identifiers.

• Non-Profit Organization

• C Corp

• Non-Corporate

• Sole Proprietor

• Entrepreneur

Entering a company name is required when creating a new company.

• True

• False

When creating a new company, you are asked what your main role is at the company. What role is provided for you to choose from?

• Custodian

• Administrator

• Staffer

• Bookkeeper or accountant

During the new company setup, you are given a list of Apps your company uses. You are given the option of adding Apps after the company has been created.

• True

• False

The process of importing lists from one location to another is called…

• Import Data List

• Data Migration

• Cut and Paste

• Data Import

A way to import lists into QuickBooks Online is through the…

• Company Import screen

• Import Data screen

• Company Dashboard

• Reports screen

What type of LISTS can be imported onto QB Online?

• Customers

• Chart of Accounts

• Reports

• Journal Entries

• Vendors

Lists must be formatted in Excel before being imported into QB Online.

• True

• False

What are two ways to convert a QuickBooks Desktop file into QuickBooks Online?

• Begin the Conversion process from inside the QB Desktop File

• Import the QuickBooks file from Microsoft Excel

• Data mapping

• Begin the Conversion process from inside the QuickBooks Online File