WorksheetsQuick Books Unit 1 Review
Total questions: 35
Worksheet time: 1hrs 18mins
After QuickBooks sets up a chart of accounts during the Express Start or Advanced Setup, which of the following is TRUE?
Accounts open balances can be changed.
New accounts can only be added during the Express Start or Advanced Setup.
It is possible to add more accounts later.
Only Income and Expense accounts can be added after completing the Express Start Setup.
Which type of data is not imported into QuickBooks when importing data?
Customers
Data that does not match the format of a field
Employees
Vendors
Once a file is opened for import, what is the next step in the import process?
Choose records to import
Fix data errors
Indicate the list to which the data will be imported
Map the fields to import
Where in QuickBooks Online does one go to add a user?
Create - New User
Create - User
Settings - Add User
Settings - Manage Users
Where are accounts added in QuickBooks online?
On the import list section
on the chart of accounts
Invoice section
Manage Users
Which statement is true about setting up new QuickBook Online accounts?
Accounts can be added at a later date
Accounts can not be changed anymore
Accounts are permanently locked
Accounts can only be added through the desktop version
Besides you email and company name, what other information is needed to set up a online account on QuickBooks?
Your business address
Your Phone Number
How long you have been in business
Where you are located
The three access options one can grant to a new user are all, none, or
limited
unlimited
premier
essential
To import a list, you need to go to which tabs?
Sales then products and services
Company type then company info
Accountant then chart of accounts
Workers then payroll
How do you get to the account and settings area?
click the +New Button
Click the home button
Click the settings gear
Click the Help Button
What is the first step to working with QuickBooks Online (QBO)?
Create an account
Select an accountant
Print all your transaction history
Check your inventory
What two items does the set up wizard ask when creating an account?
Your address and phone number
user name and password
your email and your social
your company name and how long you have been in business
True or False: Account numbers are not displayed by default for security purposes.
(a)
(T or F) When using QuickBooks Online, all users need to use the same operating system or computer in order to access the same data.
(a)
Which two pieces of information are required when creating a QuickBooks account? Choose two answers.
Company name
Company Type
Company Age
Company Address
What is the path one needs to click to display numbers for accounts
Sales-Products and services-import
Settings-Account and Settings-Advanced-Chart of Accounts
Settings- Manage Users- Add New Use
Where in the app does one go to add a user?
Sales-Products and services-import
Settings-Account and Settings-Advanced-Chart of Accounts
Settings- Manage Users- Add New User
Which type of data is not imported into QuickBooks when importing data?
Data that does not match the format of a field
Data that is limited
Data that has errors
Data that is incomplete
When setting up a new company through the EasyStep Interview, some company information is optional and some is absolutely required. Which of the following pieces of information does QBs require you to enter?
Company Name
Company Address
Company Type
Number of Employees
What does Accounts Receivable keep track of?
What you owe vendors
How much is in your bank accounts
What customers owe you
Your purchase orders
The Chart of Accounts list accounts for each transaction in your accounting system.
True
False
To change your company address in the Company Settings, the first step is to click search.
True
False
You can upload your company logo in to QuickBooks Online from the:
Navigation Bar
Company Setting
Create Icon
None of these options
QuickBooks Online creates a default Chart of Accounts based on :
What state you are in
The business type selected during setup
How long you have been in business
None of these options
One purpose of the Navigation Bar is to provide access to the Sales, Expenses, and Employee Centers.
True
False
Asset accounts include:
bank accounts
credit card accounts
accounts payable
advertising expense
You can access your QuickBooks Online subscription from any device.
True
False
What is the basic equation that governs accounting?
Assets=Liabilities + Equity
Equity-Expenses=Assets
Assets+Banking=Equity
Liabilities+Assets=Expenses
What do you click on to change the company address?
The Dashboard
The Gear Icon at the top right
The Plus Sign at the top right
Banking on the Navigation Bar on the Left Side of the Screen
Which save options appear on a bill? Choose two answers.
Save and Send
Save and Close
Save and New
Save and Share
Where would you go to find more information about QuickBooks products and services?
Intuit.com
Google.com
QuickBooks.com/tellmeallaboutquickbooks
Youtube.com
Match the term to the definition:
Expenses
Proceeds generated from the sale of your product or business.
Everything a business owns.
Money owed to others.
Everything the business has in its possession.
Money spent to run the day to day business operations.
The day that you start tracking your day to day business in QuickBooks is known as your "Start Date".
True
False
What section do we use to invite an new user?
Gear Icon > User Profile
Gear Icon > Account Settings > Advanced
Gear Icon > Manage Users
Gear icon > Account Settings > Company
What is the "best friend" of our customers, or the global creation option we use in QBO?
( + ) "Plus Icon"
Gear Icon
Dashboard
Magnifying Glass
