Exam (elaborations)
Quickbooks Certification
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Quickbooks Certification
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Quickbooks CertificationWhy must you set deposit frequencies for the taxes or deductions your company
has to pay (Payroll Liabilities)? - ANSWER 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? - ANSWER
1) Sign up for a payroll services; and 2) complete the Payroll Setup Interview
What are the 2 main Financial Statements you can run from the "Company and
Financial" category of reports? - ANSWER Balance Sheet. Profit
and Loss
What are the main sections of the Profit & Loss? - ANSWER
Income, Cost of Goods Sold, and Expenses
,How do you move columns on a report? - ANSWER Move your
cursors over the column heading, and when it becomes a hand, click and drag the
column to the desired position.
How do you create a memorized group of reports? - ANSWER
Open the Memorized Report List and then Click Memorized Report > New Group
What happens if you double-click a diamond on a report column? - ANSWER
None of the above
Which of the following reports ANSWERs the question "What transactions make
up the current balance I owe each Vendor"? - ANSWER Vendor
Balance Detail
You sent Quickbooks a report to Excel and made some changes. How do you
import the changes back to Quickbooks? - ANSWER You can't
import changes in Excel back to Quickbooks.
, You've been hired by a company that started in 1911. They've never used
QuickBooks. During the Advanced/Detailed Setup, what "State Date" should you
use in the EasyStep Interview? - ANSWER The date you want to
begin tracking the company's finances in Quickbooks.
Which of the following CANNOT be entered during the setup of a new company
(Express Start or Advanced/Detailed Setup) file? - ANSWER
Trial Balance opening balances
How do you customize Quickbooks by changing the color scheme and adding or
removing icons from the Home page? - ANSWER Choose Edit >
Preferences > Desktop View
??? - ANSWER Click the Formatting Tab at the top of the form;
then click Customize Data Layout
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