Quickbooks review - Study guides, Class notes & Summaries

QuickBooks Practice Test 100 Questions with Verified Answers Which of the following reports answers the question "What transactions make up the current balance I owe each Vendor?" - CORRECT ANSWER Vendor Balance Detail - for each vendor, QB lists the transactions that contribute or make up what you owe During the Advanced/Detailed Setup, you can turn on and off which features in the EasyStep Interview? - CORRECT ANSWER All of the above: Sales taxes; Inventory; Progress Invoicing Duri...

QuickBooks Practice Test 100 Questions With 100% Correct Answers 2024/2025 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 - answerALL of the above During the Advanced Setup, you can set up a password for which of the following users during the EasyStep Interview? a. Administrator b. External Accountant c. You cannot setup passwords during the EasyStep interview d. All u...

QBO ProAdvisor Exam; Questions with Complete Solutions 100% Verified A new client has asked you to review their QuickBooks Online company, which was set up by their previous bookkeeper.You start by looking at the Client Overview screen. If QuickBooks Online was set up correctly, what figure should you expect to see in the Opening balance equity account balance? Correct answer-A balance of zero For clients with a QuickBooks Online Plus account, what's the maximum number of billable ...

QuickBooks Practice Test 84 Questions with Verified Answers During the advanced/detailed setup, you can turn on and off which features in the EasyStep Interview - CORRECT ANSWER Sales Tax, Inventory, & Progress Invoicing. To turn off AFTER the easy step interview, choose edit --> preferences. During the Advanced/Detailed Setup, you can set up a password for which of the following users during the EasyStep Interview? - CORRECT ANSWER Administrator. When setting up a new company throu...

QuickBooks Certified User Exam 56 Questions with Verified Answers What information is required before setting up a QuickBooks file? - CORRECT ANSWER 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)? - CORRECT ANSWER File>New Company Three options: 1. Express Start 2. Advanced Setup 3. Other Options (convert from other files) How do you keep the lists a...

Quickbooks Payroll Certification Training 29 Questions with Verified Answers What happens if a QuickBooks Online Payroll Elite client receives a payroll tax penalty because of a product error? - CORRECT ANSWER The penalty is discounted by 50% (*)A QuickBooks Elite Payroll subscription guarantees to cover the cost of any penalty The penalty is paid automatically via the client's QuickBooks Online Payroll file The client receives a notification on the Payroll Center Overview screen ...

Intuit Quickbooks Study Guide 2024 with Complete Solutions You are adding a new customer to Quickbooks Online. You are working in the New You own Customer Information form. For each statement about the Display name as a field, write True or False: The display name is optional. - Answer- True You are adding a new customer to Quickbooks Online. You are working in the New You own Customer Information form. For each statement about the Display name as a field, write True or False: 2-The dis...

Quickbooks Certification Test Review 2024 What is true about entering and paying bills in quickbooks? - ANS ️️ If you record the bill in Quickbooks, do not use the Write Checks window to pay the same bill What is true regarding vendor credit memos? - ANS ️️ Vendor credit memos reduce what you owe the vendors Your company had to return some goods to a vendor> How would you record the vendor credit in quickbooks? - ANS ️️ Click on Enter Bills and then click CREDIT on the top...

QUICKBOOKS PRACTICE TEST (Utilities/General QuickBooks knowledge/Navigation) Exam Questions and Answers 100% Pass 7. How do you restore a company file from a backup copy? a. Choose File > Back Up. Then click the Restore from Backup button. b. Choose File > Utilities > File Operations > Restore. c. Choose File > Open or Restore Company. Select Restore a backup copy and click Next. Choose Local or Online Backup and click Next. Select the file to restore and click Open. Cho...

You can't add accounts that are not on the QuickBooks default list. Finish setting up and then add the accounts directly to the Chart of Accounts. - Answer When you set up a new QuickBooks company, how do you set up a new account that is not on the default list of accounts? If the company data file is damaged, if your computer crashed, and if you wish to review the company data from an earlier date. - Answer Why would you restore a data file from the backup file? Removes all transacti...