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WorksheetsQuickBooks Basic Terms 1
Total questions: 8
Worksheet time: 4mins
When you start a company or are hired as a bookkeeper, it is important to know which edition of QuickBooks you are using. What are the major QuickBooks editions?
QuickBooks Online, QuickBooks Pro, QuickBooks Premier, QuickBooks Enterprise Solutions
QuickBooks Online, QuickBooks Basic, QuickBooks Pro
QuickBooks Basic, QuickBooks Pro
QuickBooks Premier, QuickBooks Enterprise Solutions
If you have a customized report that you use each month, which feature lets you run the report with updated data each month?
Click on run aotomatically
Customized Report
Click on update data for the report
Memorized Report
Which is not a section of the balance sheet?
Assets
Liabilities
Expenses
Equity
Once the easy step interview is completed or you have completed the sign of new company file, how do you change company information such as business name, address, or phone number?
Select customer information from the menu
Delete the company and re-enter it
You can't change it once you've gone through the interview
Select company information from the menu
There are two primary financial statements that summarize the chart of accounts. Which of the following is the two reports?
Loss and Profit statement and balance sheet
Journal statement and income statement
Equity statement and balance sheet
balance sheet and income statement
What two steps do you follow to track accounts payable in Quickbooks?
Enter bills, pay bills
Reports, accounts payable
Reports, accounts with balances
Enter accounts payable, enter bills
What can you do in the report center?
Enter payments
Set up customers
Run most reports in QuickBooks
Run only accounts with balances
What transaction in Quickbooks should you use if your customer pays you when you provide the goods or services?
Sales Invoice
Sales Receipt
Sales Estimate
Sales Ticket
