Intuit QuickBooks Online: Training 1 Questions
And Correct Answers (Verified Answers) |
Graded A+ | New Update 2025-2026
When setting up a new QuickBooks account, which of the following is TRUE about
the chart of accounts? - ANSWER It is possible to add more accounts after
starting a new company.
You're setting up a new QuickBooks account for a business that just hired you. The
company has a list of accounts with opening balances (i.e. loan, vehicles, etc.).
Where do you enter these balances when setting up the QuickBooks account? -
ANSWER You can enter opening balances using a Journal entry or directly into
account registers. However, this isn't recommended for non-accountants. You can
enter open invoices to record the balance owed to you (Accounts Receivable) and
open bills to record what you owe (Accounts Payable).
You'd like to change the company address in Company Settings. What's the first
step to open the Company Settings? - ANSWER Click the Gear icon on the
home page. (In some companies, this option may be called Account and Settings.)
What does 'Private Mode' on the home page do? - ANSWER It hides the values
displayed on the profit and loss, bank accounts, and other sensitive financial
information.
You need to set up a new user so they can see reports, but do NOTHING else in
QuickBooks. Put the steps for setting up a user (who can only see reports) in the
, correct order. - ANSWER 1. Click the Company menu and choose Manage
Users.
2. In the Manage Users screen, click NEW.
3. Choose User Type "Reports Only" and click Next.
4. Enter the user's email address and click Next.
Your new employer asks about the menu choices at the top of the screen (File,
Edit, View, History). Select the statement about the menu that is FALSE. -
ANSWER You can create your own menus in the Advanced tab of company
settings.
Which lists can you import from Excel into QuickBooks online? - ANSWER
Chart of Accounts, Customers, Products and Services, Vendors
Which of the following is NOT true regarding merging entries in lists? -
ANSWER QuickBooks allows you to merge an expense account with an income
account.
You've just been hired as a bookkeeper and the company's QuickBooks is a mess.
There are many list entries that are duplicates. You decide to merge list entries to
clean up the lists. Which of the following is TRUE? - ANSWER You can only
merge names from the same TYPE.
And Correct Answers (Verified Answers) |
Graded A+ | New Update 2025-2026
When setting up a new QuickBooks account, which of the following is TRUE about
the chart of accounts? - ANSWER It is possible to add more accounts after
starting a new company.
You're setting up a new QuickBooks account for a business that just hired you. The
company has a list of accounts with opening balances (i.e. loan, vehicles, etc.).
Where do you enter these balances when setting up the QuickBooks account? -
ANSWER You can enter opening balances using a Journal entry or directly into
account registers. However, this isn't recommended for non-accountants. You can
enter open invoices to record the balance owed to you (Accounts Receivable) and
open bills to record what you owe (Accounts Payable).
You'd like to change the company address in Company Settings. What's the first
step to open the Company Settings? - ANSWER Click the Gear icon on the
home page. (In some companies, this option may be called Account and Settings.)
What does 'Private Mode' on the home page do? - ANSWER It hides the values
displayed on the profit and loss, bank accounts, and other sensitive financial
information.
You need to set up a new user so they can see reports, but do NOTHING else in
QuickBooks. Put the steps for setting up a user (who can only see reports) in the
, correct order. - ANSWER 1. Click the Company menu and choose Manage
Users.
2. In the Manage Users screen, click NEW.
3. Choose User Type "Reports Only" and click Next.
4. Enter the user's email address and click Next.
Your new employer asks about the menu choices at the top of the screen (File,
Edit, View, History). Select the statement about the menu that is FALSE. -
ANSWER You can create your own menus in the Advanced tab of company
settings.
Which lists can you import from Excel into QuickBooks online? - ANSWER
Chart of Accounts, Customers, Products and Services, Vendors
Which of the following is NOT true regarding merging entries in lists? -
ANSWER QuickBooks allows you to merge an expense account with an income
account.
You've just been hired as a bookkeeper and the company's QuickBooks is a mess.
There are many list entries that are duplicates. You decide to merge list entries to
clean up the lists. Which of the following is TRUE? - ANSWER You can only
merge names from the same TYPE.
