Quickbooks stuvia - Study guides, Class notes & Summaries

Which of the following is not an input field or selection at the Add New Account window? a. Financial Statement Override b. Description c. Account Type d. Enter Opening Balance - ANSWER a. Financial Statement Override Which of the following is not an available button at the Glad you're here! page when completing the Express Start method? a. Preview Your Settings b. Create Company c. Create Chart of Accounts d. All of the choices are correct. - ANSWER c. Create Chart of Accounts ...

Quickbooks Online Certification Correct Questions & Answers 100% CorrectQuickbooks Online Certification Correct Questions & Answers 100% CorrectQuickbooks Online Certification Correct Questions & Answers 100% Correct Client Needs Assessment Process - ANSWERSWho, What, When, and How Who? - ANSWERSGet to know who your client is, what they stand for, what they're aiming for and where they're coming from What? - ANSWERSEvery business, large or small, has a variety of parts. You need to find...

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 display name must be unique. - ANSWER-False 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: 3-The display name is used to sort customer lists. - ANSWER-Tru...

Why would you hide or collapse sub accounts on a report? - ANSWERSTo temporarily hide unnecessary detail and hide parent accounts What should you do after you click save & close on a customer credit memo? - ANSWERSChoose between retained as an available credit, give a refund or apply to an invoice Which of the following CAN be memorized in quickbooks? - ANSWERScheck Which is NOT shown on the payroll summary report on quickbooks? - ANSWERSinformation necessary to complete your state unem...

You've signed up a new client who has been using QuickBooks Online. Which 4 sections of the Overview screen can help you perform a high-level review of their books? - ANSWER-Transaction Volume Company Setup Common Issues Banking Activity Which section in the New Client Checklist helps you understand your client's needs to determine the features and solutions required? - ANSWER-Client Needs Assessment Which option on the left-hand navigation would you select to locate the Client onboa...

How many points does your firm need to reach the platinum tier of the ProAdvisor® program? -ANSWER- 800 Which Intuit product allows you to manage your clients and your practice all in one place? -ANSWER- QB Accountant Which of the following items can you access from the Your Practice area?(Select all that apply) -ANSWER- List of Client Companies, Team section, Work space, Apps, & ProAdvisor The lifecycle can be broken down into a manageable timeline: -ANSWER- Daily: Manage the books by...

Can you delete or make inactive something on a list if it has a balance (e.g. Customer, Vendor, or Stock Product, or Account)? - ANSWERSYes, QuickBooks will automatically create a transaction to make the balance zero. While setting up a QuickBooks Online account, you accidentally entered the wrong company address. How would you fix this error? - ANSWERSChange it in Account and Settings window, which you can access by clicking the Gear icon and select Account and Settings. If you use QuickB...

Your client uses QuickBooks Online Simple Start. How many accountant users can your client invite? -ANSWER- 2 Your client is moving out of state and wants you to do the monthly accounting in their data file. What would be the best reason to recommend converting to QuickBooks Online? -ANSWER- Online access to client data anytime, anywhere How many regular (not accountant Users) can access a QuickBooks Essential subscription at one time? -ANSWER- 3 Under which settings tab do you enable i...

What information is required before setting up a QuickBooks file? - 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)? - 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 and preferences from an old file while removing old transactions? - ANSWER File>Uti...

While setting up a QuickBooks Online account, you accidentally entered the wrong company address. How would you fix this error? - ANSWER-Change it in Account and Settings window, which you can access by clicking the Gear icon and select Account and Settings. If you use QuickBooks Online Plus, how do you charge a customer for expenses you incurred on a project? - ANSWER-When entering the expense, enter the customer name and select the Billable checkbox. Your boss asks you to remove an accou...