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PROADVISOR CERTIFICATION 2025 UPDATED
ACTUAL EXAM WITH CORRECT SOLUTIONS.
Why must you set deposit frequencies for the taxes or
deductions your company has to pay (Payroll Liabilities)? -
correct answer- 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? -
correct answer- 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? - correct answer-
Balance Sheet. Profit and Loss
What are the main sections of the Profit & Loss? - correct
answer- Income, Cost of Goods Sold, and Expenses
How do you move columns on a report? - correct answer- Move
your cursors over the column heading, and when it becomes a
hand, click and drag the column to the desired position.
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How do you create a memorized group of reports? - correct
answer- Open the Memorized Report List and then Click
Memorized Report > New Group
What happens if you double-click a diamond on a report
column? - correct answer- None of the above
Which of the following reports answers the question "What
transactions make up the current balance I owe each Vendor"?
- correct answer- Vendor Balance Detail
You sent Quickbooks a report to Excel and made some
changes. How do you import the changes back to Quickbooks?
- correct answer- 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? -
correct answer- The date you want to begin tracking the
company's finances in Quickbooks.
PROADVISOR CERTIFICATION 2025 UPDATED
ACTUAL EXAM WITH CORRECT SOLUTIONS.
Why must you set deposit frequencies for the taxes or
deductions your company has to pay (Payroll Liabilities)? -
correct answer- 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? -
correct answer- 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? - correct answer-
Balance Sheet. Profit and Loss
What are the main sections of the Profit & Loss? - correct
answer- Income, Cost of Goods Sold, and Expenses
How do you move columns on a report? - correct answer- Move
your cursors over the column heading, and when it becomes a
hand, click and drag the column to the desired position.
, 2 | Page
How do you create a memorized group of reports? - correct
answer- Open the Memorized Report List and then Click
Memorized Report > New Group
What happens if you double-click a diamond on a report
column? - correct answer- None of the above
Which of the following reports answers the question "What
transactions make up the current balance I owe each Vendor"?
- correct answer- Vendor Balance Detail
You sent Quickbooks a report to Excel and made some
changes. How do you import the changes back to Quickbooks?
- correct answer- 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? -
correct answer- The date you want to begin tracking the
company's finances in Quickbooks.
