WorksheetsLesson 3: QuickBooks Items and List Management
Total questions: 20
Worksheet time: 10mins
You been asked to move the name of the customer and the customer center from the top of the list to the bottom of the list. How do you do this without renaming the customer?
Click to the right of the name then drag the name up or down the list
You can't move list entries to different location on the list
Right-click on the name then select sort by selection.
Click on the diamond to the left of the name and then drag the name up or down to the desired location.
How do you move list entries to a different location on the list? For example, Customers.
Click to the right of the name and drag the name up or down on the list.
You can't use move list entries to different locations on the list.
Right click on the name then select sort by selection.
Click on the diamond to the left of the name and then drag the name up or down the list.
Which of the following is NOT true regarding merging entries?
Merging effectively combines names on a list.
Merging entries effects past transaction
QuickBooks allows you to merge an Expense account with an Income account.
You can only merge names of the same type.
List entries may be deleted only when:
There is no balance, it has not been uses and is not linked to anything that has been used.
List entries can never be deleted.
You entered a valid security password.
The entry has not been used in the current year.
Which of the following statement is TRUE regarding items?
Items on a transaction do not affect the financial statements.
When you purchase or sell an item, the value of the purchase or sales flows to the account and therefore the financial statement you selected when you set up the item.
When you set up a non-inventory item, QuickBooks assigns the current on-hand quantity to the balance sheet.
You must use items on checks.
How do you make an item on the item list inactive?
Open the item list, click to select appropriate item, then click the activities button and select inactivate item.
Open the item list, click the select inactive items button, then select the appropriate items then click ok.
Open the item list, click to select the appropriate item, then click the bottom left button and select make item inactive.
Click the items list and select make entries inactive then select the appropriate list entry then click ok.
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 buy the item and need to track quantity on hand information.
When you build a finished item from components.
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 makes the item a payroll item.
QuickBooks automatically sets up a 1099 tracking.
QuickBooks automatically marks this item for time tracking.
When should you use the items tab on a bill or check?
To track sales tax.
When you purchase inventory parts.
To see if expenses are recorded accurately.
All of the above.
You have to set up an item for shipping. What item type should you use?
Inventory part
Other charge
Non inventory part
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.
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.
Which of the following is an example of Inventory Assembly.
Cans of soda pop and energy bars that you buy in bulk, store in the van, and then sell
A quick lunch special that you make by attaching an energy bar to a can of soda.
You allow customers to buy a handful (whatever their hand can hold of chocolates) for dessert. You don’t track the number.
Catering by the hour if someone asked you to help with the party.
Which of the following is an example of Service.
Cans of soda pop and energy bars that you buy in bulk, store in the van, and then sell.
Catering by the hour if someone asked you to help with the party.
You allow customers to buy a handful (whatever their hand can hold of chocolates) for dessert. You don’t track the number.
A quick lunch special that you make by attaching an energy bar to a can of soda.
Which of the following is an example of Inventory Part.
Cans of soda pop and energy bars that you buy in bulk, store in the van, and then sell.
A quick lunch special that you make by attaching an energy bar to a can of soda.
Catering by the hour if someone asked you to help with the party.
You allow customers to buy a handful (whatever their hand can hold of chocolates) for dessert. You don’t track the number.
Which of the following is an example of Non-Inventory Part.
A quick lunch special that you make by attaching an energy bar to a can of soda.
Cans of soda pop and energy bars that you buy in bulk, store in the van, and then sell.
Catering by the hour if someone asked you to help with the party.
You allow customers to buy a handful (whatever their hand can hold) of chocolates for dessert. You don’t track the number.
Your company no longer sells a particular item. You’ve been asked to make the item inactive. Which is step one?
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.
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.
Your company no longer sells a particular item. You’ve been asked to make the item inactive. Which is step three?
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.
Your company no longer sells a particular item. You’ve been asked to make the item inactive. Which is step four?
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.
Your company no longer sells a particular item. You’ve been asked to make the item inactive, which of the following is not a step?
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.
