Quickbooks Certification Test
Questions And Correct Answers
Why must you set deposit frequencies for the taxes or deductions your company has
to pay (Payroll Liabilities)?
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?
1) Sign up for a payroll services; and 2) complete the Payroll Setup Interview
What are the 2 main Financial Statements you can run from the "Company and
Financial" category of reports?
Balance Sheet. Profit and Loss
What are the main sections of the Profit & Loss?
Income, Cost of Goods Sold, and Expenses
How do you move columns on a report?
, Move your cursors over the column heading, and when it becomes a hand, click and
drag the column to the desired position.
How do you create a memorized group of reports?
Open the Memorized Report List and then Click Memorized Report > New Group
What happens if you double-click a diamond on a report column?
None of the above
Which of the following reports answers the question "What transactions make up the
current balance I owe each Vendor"?
Vendor Balance Detail
You sent Quickbooks a report to Excel and made some changes. How do you import
the changes back to Quickbooks?
You can't import changes in Excel back to Quickbooks.
You've been hired by a company that started in 1911. They've never used QuickBooks.
During the Advanced/Detailed Setup, what "State Date" should you use in the
EasyStep Interview?
The date you want to begin tracking the company's finances in Quickbooks.
Questions And Correct Answers
Why must you set deposit frequencies for the taxes or deductions your company has
to pay (Payroll Liabilities)?
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?
1) Sign up for a payroll services; and 2) complete the Payroll Setup Interview
What are the 2 main Financial Statements you can run from the "Company and
Financial" category of reports?
Balance Sheet. Profit and Loss
What are the main sections of the Profit & Loss?
Income, Cost of Goods Sold, and Expenses
How do you move columns on a report?
, Move your cursors over the column heading, and when it becomes a hand, click and
drag the column to the desired position.
How do you create a memorized group of reports?
Open the Memorized Report List and then Click Memorized Report > New Group
What happens if you double-click a diamond on a report column?
None of the above
Which of the following reports answers the question "What transactions make up the
current balance I owe each Vendor"?
Vendor Balance Detail
You sent Quickbooks a report to Excel and made some changes. How do you import
the changes back to Quickbooks?
You can't import changes in Excel back to Quickbooks.
You've been hired by a company that started in 1911. They've never used QuickBooks.
During the Advanced/Detailed Setup, what "State Date" should you use in the
EasyStep Interview?
The date you want to begin tracking the company's finances in Quickbooks.
