Quickbooks Exam Bundle With Complete Solutions.

One of the major advantages of all subscription levels of QuickBooks Online have over the desktop version is: - All the data is hosted, backed up and secured by Intuit's servers Your client uses QuickBooks Online Simple Start. How many accountant users can your client invite? - 2 Your client is...

What information is required before setting up a QuickBooks file? - 1. Company name 2. Industry 3. Company type 4. Company contact information 6. Tax ID How do you start a new company data file in QuickBooks (Express Start and Advanced Setup)? - File>New Company Three options: 1. Express ...

Move each answer financial report from the list on the left to the correct description on the right. 1) Shows assets, liabilities, and equity at one point in time 2) Used to understand changes in revenues and expenditures 3) Shows income, expenses, and net income during a specific time period 4)...

During the Advanced Setup, you can turn on and off which features in the EasyStep Interview? a. Sales taxes b. Inventory c. Progress Invoicing d. All of the above - ALL of the above During the Advanced Setup, you can set up a password for which of the following users during the EasyStep Interv...

Can you delete or make inactive something on a list if it has a balance (e.g. Customer, Vendor, or Stock Product, or Account)? - Yes, QuickBooks will automatically create a transaction to make the balance zero. While setting up a QuickBooks Online account, you accidentally entered the wrong compa...

Why would you hide or collapse sub accounts on a report? - To temporarily hide unnecessary detail and hide parent accounts What should you do after you click save & close on a customer credit memo? - Choose between retained as an available credit, give a refund or apply to an invoice Which of th...

Why must you set deposit frequencies for the taxes or deductions your company has to pay (Payroll Liabilities)? - So that Payroll Liabilities show yp in the Pay Taxes & Other Liabilities list in the Payroll Center What are the first two steps to set up payroll in Quickbooks? - 1) Sign up for a pa...

You've been hired by a company that started in 1911. They've never used QuickBooks. During the EasyStep Interview, what "Start Date" should you use? - The date you want to begin tracking the company's finances in QuickBooks When setting up a new company through the EasyStep Interview, some c...

After quickbooks sets up a chart of accounts in the easy step interview, which of the following is True? - It's possible to add more accounts later #Assume that quickbooks is now in single user mode. What does this mean? - only one user can access the data file The bank notified you that a cust...