Why would you hide or collapse sub accounts on a report? - ANSWER To temporarily hide
unnecessary detail and hide parent accounts
What should you do after you click save & close on a customer credit memo? - ANSWER
Choose between retained as an available credit, give a refund or apply to an invoice
Which of the following CAN be memorized in quickbooks? - ANSWER check
Which is NOT shown on the payroll summary report on quickbooks? - ANSWER infor-
mation necessary to complete your state unemployment tax form
The bank notified you that a customer's check you deposited has bounced. The customer did
not have sufficient funds to cover the check. What should you do? - ANSWER Record a
transaction to show the customer owes you the money and that the checking balance de-
creased by that same amount
Suppose you always want all reports to show a specific size and color,how do you set stand-
ard preference in quickbooks so you don't have to customize each report? - ANSWER
Click the edit menu and select preferences then click the reports and graphs group to set
preferences
Suppose you want to restrict which users can access customer credit card numbers. How do
you do this? - ANSWER Give the user access to sales and accounts receivable but do not
check the complete credit card numbers
1
, Which of the following is a possible reason for a bank reconciliation discrepancy? - AN-
SWER The beginning balance calculated by quickbooks does not match last months end-
ing balance
which of the following statements is TRUE regarding Undeposited funds? - ANSWER It is
an account used to record payments before you make a deposit
Which accounts are affected when you enter Time in quickbooks? - ANSWER Accounts
receivable
Workers who require a W2 tax form at the end of the year should be added to which of the
following lists? - ANSWER Employee
If you have customized report that you use each month, which feature lets you run the - AN-
SWER Memorize Report
What is the primary reason for setting a closing date in Quickbooks? - ANSWER To restrict
users from deleting, editing or adding transactions to last year
Your new employee earned an annual salary of $40,000. How do you enter this into quick-
books? - ANSWER Enter 40,000 in the payroll info window
What steps must you complete to use the payroll center to pay payroll liabilities - AN-
SWER set deposit frequencies
Name the section of the balance sheet - ANSWER Assets, Liabilities, Equity
When you create a new company file, quickbooks asks for your start date. What is the best
definition of the start date in quickbooks? - ANSWER The day you chose to start record-
ing the finacial records in quickbooks
2
unnecessary detail and hide parent accounts
What should you do after you click save & close on a customer credit memo? - ANSWER
Choose between retained as an available credit, give a refund or apply to an invoice
Which of the following CAN be memorized in quickbooks? - ANSWER check
Which is NOT shown on the payroll summary report on quickbooks? - ANSWER infor-
mation necessary to complete your state unemployment tax form
The bank notified you that a customer's check you deposited has bounced. The customer did
not have sufficient funds to cover the check. What should you do? - ANSWER Record a
transaction to show the customer owes you the money and that the checking balance de-
creased by that same amount
Suppose you always want all reports to show a specific size and color,how do you set stand-
ard preference in quickbooks so you don't have to customize each report? - ANSWER
Click the edit menu and select preferences then click the reports and graphs group to set
preferences
Suppose you want to restrict which users can access customer credit card numbers. How do
you do this? - ANSWER Give the user access to sales and accounts receivable but do not
check the complete credit card numbers
1
, Which of the following is a possible reason for a bank reconciliation discrepancy? - AN-
SWER The beginning balance calculated by quickbooks does not match last months end-
ing balance
which of the following statements is TRUE regarding Undeposited funds? - ANSWER It is
an account used to record payments before you make a deposit
Which accounts are affected when you enter Time in quickbooks? - ANSWER Accounts
receivable
Workers who require a W2 tax form at the end of the year should be added to which of the
following lists? - ANSWER Employee
If you have customized report that you use each month, which feature lets you run the - AN-
SWER Memorize Report
What is the primary reason for setting a closing date in Quickbooks? - ANSWER To restrict
users from deleting, editing or adding transactions to last year
Your new employee earned an annual salary of $40,000. How do you enter this into quick-
books? - ANSWER Enter 40,000 in the payroll info window
What steps must you complete to use the payroll center to pay payroll liabilities - AN-
SWER set deposit frequencies
Name the section of the balance sheet - ANSWER Assets, Liabilities, Equity
When you create a new company file, quickbooks asks for your start date. What is the best
definition of the start date in quickbooks? - ANSWER The day you chose to start record-
ing the finacial records in quickbooks
2
