Quickbooks certification - Study guides, Class notes & Summaries

QuickBooks Certification Practice 100 Questions with Verified Answers When setting up a company, what should you do when you reach the Trial Balance/Opening Balances page? - CORRECT ANSWER There is no page or option called Trial Balance/Opening Balances. You can use the Opening Balance Field when you add Vendors (A/P) and Customers (A/R) to enter these balances. Which of the following CANNOT be entered during the setup of a new company (Express Start or Advanced/Detailed Setup) file? - COR...

QuickBooks Certification Exam Practice 111 Questions with Verified Answers Which of the following should you do at the end of an accounting period? - CORRECT ANSWER all of the above: - reconcile cash, credit card, and loan accounts against period-end statements - run reports for the period and verify their accuracy - enter depreciation entries which of the following is true? - CORRECT ANSWER the total credits must match the total debits in each general journal entry when might you ne...

QuickBooks Certification Exam Study Guide Questions And Answers 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

You are a click away from seeing your work with: A)Restored backup files. B)Reports exported to Excel. C)Adobe Acrobat reports. D)Cloud access. E)All. Cloud Access Sign into QuickBooks Online with the following Internet browsers: A)Google Chrome or Mozilla Firefox. B)Safari or Internet Explorer. C)Android or iOs. D)All. E)None. All QuickBooks Online is an example of: A)Desktop software. B)Software as a service. C)Software installed on the hard drive. D)A service company. E)A...

QuickBooks Certification Study Guide | Questions And Answers With Latest Quiz QuickBooks Certification Study Guide | Questions And Answers With Latest Quiz

QuickBooks Certification Exam Study Guide with complete solutions Why would you hide or collapse sub accounts on a report? - ANS ️️ To temporarily hide unnecessary detail and hide parent accounts What should you do after you click save & close on a customer credit memo? - ANS ️️ Choose between retained as an available credit, give a refund or apply to an invoice Which of the following CAN be memorized in quickbooks? - ANS ️️ check Which is NOT shown on the payroll summary repo...

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Which of the following CANNOT be entered during the setup of a new company? A. Company name and address B. Chart of accounts C. Trial balance, open balance D. Checking account statement balance - Answer- C After QuickBooks sets up a chart of accounts during the Express Start or Advanced Setup, which of the following is TRUE? A. Accounts open balances can be changed. B. It is possible to add more accounts later. C. New accounts can only be added during the Express Start or Advanced ...

Which of the following CANNOT be entered during the setup of a new company? A. Company name and address B. Chart of accounts C. Trial balance, open balance D. Checking account statement balance (Ans- C After QuickBooks sets up a chart of accounts during the Express Start or Advanced Setup, which of the following is TRUE? A. Accounts open balances can be changed. B. It is possible to add more accounts later. C. New accounts can only be added during the Express Start or Advanced Se...

Quickbooks Certification Questions with Verified Solutions 2024 Why 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 fro...