GRADED ANSWERS
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? -
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 but don't check the checking and
credit card
#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
#What is the purpose of backing up in QuickBooks? -
Answer 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? -
Answer The entry has been used in a transaction
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
**What steps most you complete to use the payroll center to pay payroll liabilities? -
Answer Set deposit frequencies
#What tool do you use to move your logo to a form? -
Answer layout designer
, #What transaction in QuickBooks should you use if your customer pays you when you
provide the goods or services? -
Answer Sales receipt
#When a transaction is changed, what information does the Audit Trail report provide? -
Answer who changed the transaction, and the date/time the transaction was changed
#When can you delete a check from QuickBooks without voiding it? -
Answer When you have multiple copies of the check
When making your payroll tax deposit, how can you add IRS interest and/or penalties? -
Answer Click the expense tab and enter the appropriate account and amount of interest
and penalties
After QuickBooks sets up a chart of accounts in the easy step interview, which of the
following is True? -
Answer It’s possible to add more accounts later
#Assume that QuickBooks is now in single user mode. What does this mean? -
Answer 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? -
Answer 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? -
Answer Uncheck the show invoice item detail on statements box in the create
statements window
#How do you add or delete columns on a report? -
Answer 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? -