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WorksheetsQuickBooks Online Review - CET
Total questions: 18
Worksheet time: 10mins
Which account should be used to hold funds until they are deposited in an checking account?
Bank deposit
Deposit on hold
Pending deposit
Undeposited funds
A customer makes a purchase to be paid at a later date. Which form should be used for this transaction?
Estimate
Invoice
Purchase Order
Sales Receipt
Which vendor report shows what is owed to each vendor?
Owed Bills
Owed Vendors
Unpaid Bills
Unpaid Vendors
When entering a bill, what can pop up on the right side of the screen when a vendor is entered for a bill?
Estimates
Purchase order
Recurring bills
Vendor transactions
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
You need to pay the same 4 bills every month, and you would like to save time. What feature could you use in QuickBooks Online?
Repeating transactions
Recurring transactions
Monthly transactions
Batch transactions
Which report shows how much you owe for sales tax?
Sales Tax Revenue Summary
1099 Detail
Sales Tax Liability
AP Aging
What can you do in the report center?
Start the client data review.
Add reports to QuickBooks
Run most reports in QuickBooks
Delete reports in QuickBooks Multiple Reports
How do you customize a report, i.e. change the information QuickBooks displays, change the title etc?
Click the customize report button on the report.
Double click on the report element you want to change.
Click the modify report button on the report.
Right click on the report element you want to change.
If you have a customized report that you use each month, which feature lets you run the report with updated data each month?
Update Report
Memorize Report
Automate Report
Customize Report
When you set up a new employee, how do you add a payroll deduction such as medical insurance?
In the new employee window, click the change tab drop down list and select employment info, then add the medical insurance payroll item below the employment detail section.
In the new employee window, click the change tab drop down list and select payroll and compensation info and then add the medical insurance payroll item below the additions deductions and company contributions.
In the new employee window, click the change tab drop down list and select personal info and then add the medical information in the personal deductions.
In the new employee window, click the change tab drop down list and select payroll and compensation information then click the taxes button and the medical insurance payroll below the other taxes and deductions.
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
When on the Dashbaord screen, what do you click to hide the financial information?
The privacy setting
The Global Create Icon (the plus sign)
The Settings Icon (the gear)
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
Match the term to the definition:
Income
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
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.
Which is not a section of the balance sheet?
Assets
Liabilities
Expenses
Equity
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
