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WorksheetsQuickBooks21-30
Total questions: 10
Worksheet time: 5mins
Which is an example of when to use a non-inventory part?
When you sell the item and need to track quantity on hand information.
When you build a finished item from components.
When you buy the item and need to track quantity on hand information.
When you buy and sell an item but do not need to track quantity on hand information.
You are setting up a service item. What happens if you select the box next to this "service is performed by a subcontractor or partner"?
QuickBooks provides fields so you can track purchase and sales information for that item.
QuickBooks automatically sets up a 1099 tracking.
QuickBooks makes the item a payroll item.
QuickBooks automatically marks this item for time tracking.
When should you use the items tab on a bill or check?
To track sales tax.
To see if expenses are recorded accurately.
When you purchase inventory parts.
All of the above.
You have to set up an item for shipping. What item type should you use?
Inventory part
Non inventory part
Other charge
Service
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.
Set up unique items for each sale and make them inactive after the sale.
Click the one time use button in the new item window.
Do not use items when invoicing the customer.
Which of the following statements is NOT true about entering and paying bills in QuickBooks?
If you record the bill in QuickBooks, use the write checks window or check register to pay that same bill.
If you record the bill in QuickBooks, do not use the write checks window or check register to pay that same bill.
You should write a check fora bill using the write checks window or check register first then enter the bill for your records in QuickBooks.
If you use on-line banking in QuickBooks you can't pay bills that you entered in QuickBooks.
Which two steps do you follow to track accounts payable in QuickBooks?
Enter bills, pay bills
Enter bills, write checks
Pay bills, print checks
Pay bills, print checks
What is the quickest way to find an invoice from 6 months ago?
Click the Help menu, search for invoice by date.
Open an invoice and click the find button.
Click the help and search for the invoice by number.
Click the previous button until you find the invoice.
Which of the following elements on the invoice can you NOT customize?
Add your company logo.
Which fields appear on the screen when someone creates an invoice.
What will appear on the printed invoice.
The amount of information you can type in each field.
What is the Undeposited Funds account in QuickBooks?
An account used to record unpaid invoices.
An account used to remove bounced checks.
An account used to record payments you've made that have not been deposited yet.
An account used to record payments before you make a deposit.
