In what QBO subscriptions can you prepare and print 1099s? - Answer-Plus and Advanced
What is the migration utility? - Answer-A tool that assists with importing all data from a QuickBooks Desktop company file to QuickBooks Online
Why create the Chart of Accounts? - Answer-To categorize assets...
QuickBooks Exam Questions and
Answers 2024
In what QBO subscriptions can you prepare and print 1099s? - Answer-Plus and
Advanced
What is the migration utility? - Answer-A tool that assists with importing all data from a
QuickBooks Desktop company file to QuickBooks Online
Why create the Chart of Accounts? - Answer-To categorize assets, liabilities,
expenditures, and revenue
From where do you access the Sales(/Invoicing) center? - Answer-Navigation bar
Barry wants to show appreciation to his best customer by discounting all their
purchases by 10%. What's the most effective way for him to do this? - Answer-Create a
price rule and apply the rule to the customer.
You just started using QuickBooks to manage your existing business. Your customer list
is in Excel. How do you get the list into QuickBooks? - Answer-Import the customer list.
In what account do you collect more than one payment before making a deposit? -
Answer-Undeposited Funds
A customer wants an order she is placing with you to be sent to an address that is not
the same as the billing address you have on file for her. What do you do? - Answer-
Enter the billing and shipping addresses on the Customer Information form.
What report helps you manage cash flow by showing you each customer with an open
balance and how long the account has been outstanding? - Answer-A/R Aging
Summary
Akim is entering a bill from a new vendor whose name does not appear in the Choose a
Vendor menu. What should he do? - Answer-Choose Add New from the menu and
create the new vendor right from the bill.
Camilla wants her Bill form to credit an account other than Accounts Payable. What do
you tell her? - Answer-That default setting can't be changed, and it makes sense that a
Bill form credits Accounts Payable.
A vendor transaction is recorded as an expense when: - Answer-payment is made at
the time of purchase
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