QuickBooks Certification /116 Questions and
Answers Updated 2023 with complete
solution/Verified.
After quickbooks sets up a chart of accounts in the easy step interview, which of the
following is True? - -It's possible to add more accounts later
-#Assume that quickbooks is now in single user mode. What does this mean? - -only
one user can access the data file
-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? - -
Record a transaction to show the customer owes you the money and that the checking
balance decreased by that same amount
-#How can you ensure that invoice detail does not appear on a customer statement? - -
Uncheck the show invoice item detail on statements box in the create statements
window
-#How do you add or delete columns on a report? - -Click the customize report button
and on the display tab check or uncheck add or remove columns
-#How do you change text in the header/footer of a report? - -Click the customize
report button and on the header/footer tab change the name
-How do you change the report basis, accrual vs. cash for just one report? - -Click the
customize report button and on the display tab choose accrual or cash
-How do you move list entries to a different location on the list? - -click on the diamond
to the left of the name and then drag the name up or down the list
-#How do you use a different forms template when creating a new transaction? - -Open
the form, click the templates drop down list and select the appropriate form
-#How would you track customer birth in quickbooks? - -add a custom field to the
customer list
-**If you have a customized report that you use each month, which feature lets you run
the - -Memorize report
-#Name the sections of the balance sheet - -assets, liabilities, equity
-#How do you access the product information window? - -Press the F2 key
, -Suppose you always want all reports to show a specific size and color. How do you set
standard preference in quickbooks so you don't have to customize each report? - -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? - -Give the user access to sales and accounts but don't check the
checking and credit card
-#What is the primary reason for setting a closing date in Quickbooks? - -to restrict
users from deleting, editing, or adding transactions to last year
-#What is the purpose of backing up in quickbooks? - -to protect against data loss from
file corruption or a hard file crash
-#What is the reason for not being able to delete a list entry? - -The entry has been
used in a transaction
-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
-**What steps most you complete to use the payroll center to pay payroll liabilities? - -
Set deposit frequencies
-#What tool do you use to move your logo to a form? - -layout designer
-#What transaction in quickbooks should you use if your customer pays you when you
provide the goods or services? - -Sales receipt
-#When a transaction is changed, what information does the Audit Trail report
provide? - -who changed the transaction, and the date/time the transaction was
changed
-#When can you delete a check from quickbooks without voiding it? - -When you have
multiple copies of the check
-When making your payroll tax deposit, how can you add IRS interest and/or penalties?
- -Click the expense tab and enter the appropriate account and amount of interest and
penalties
-#When should you set up a non-inventory item type? - -for something you buy and
sell but don't need to track the quantity on hands
-When should you use the items tab on a bill or check? - -When you purchase inventory
parts
Answers Updated 2023 with complete
solution/Verified.
After quickbooks sets up a chart of accounts in the easy step interview, which of the
following is True? - -It's possible to add more accounts later
-#Assume that quickbooks is now in single user mode. What does this mean? - -only
one user can access the data file
-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? - -
Record a transaction to show the customer owes you the money and that the checking
balance decreased by that same amount
-#How can you ensure that invoice detail does not appear on a customer statement? - -
Uncheck the show invoice item detail on statements box in the create statements
window
-#How do you add or delete columns on a report? - -Click the customize report button
and on the display tab check or uncheck add or remove columns
-#How do you change text in the header/footer of a report? - -Click the customize
report button and on the header/footer tab change the name
-How do you change the report basis, accrual vs. cash for just one report? - -Click the
customize report button and on the display tab choose accrual or cash
-How do you move list entries to a different location on the list? - -click on the diamond
to the left of the name and then drag the name up or down the list
-#How do you use a different forms template when creating a new transaction? - -Open
the form, click the templates drop down list and select the appropriate form
-#How would you track customer birth in quickbooks? - -add a custom field to the
customer list
-**If you have a customized report that you use each month, which feature lets you run
the - -Memorize report
-#Name the sections of the balance sheet - -assets, liabilities, equity
-#How do you access the product information window? - -Press the F2 key
, -Suppose you always want all reports to show a specific size and color. How do you set
standard preference in quickbooks so you don't have to customize each report? - -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? - -Give the user access to sales and accounts but don't check the
checking and credit card
-#What is the primary reason for setting a closing date in Quickbooks? - -to restrict
users from deleting, editing, or adding transactions to last year
-#What is the purpose of backing up in quickbooks? - -to protect against data loss from
file corruption or a hard file crash
-#What is the reason for not being able to delete a list entry? - -The entry has been
used in a transaction
-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
-**What steps most you complete to use the payroll center to pay payroll liabilities? - -
Set deposit frequencies
-#What tool do you use to move your logo to a form? - -layout designer
-#What transaction in quickbooks should you use if your customer pays you when you
provide the goods or services? - -Sales receipt
-#When a transaction is changed, what information does the Audit Trail report
provide? - -who changed the transaction, and the date/time the transaction was
changed
-#When can you delete a check from quickbooks without voiding it? - -When you have
multiple copies of the check
-When making your payroll tax deposit, how can you add IRS interest and/or penalties?
- -Click the expense tab and enter the appropriate account and amount of interest and
penalties
-#When should you set up a non-inventory item type? - -for something you buy and
sell but don't need to track the quantity on hands
-When should you use the items tab on a bill or check? - -When you purchase inventory
parts
