Page | 1
INTUIT QUICKBOOKS CERTIFIED
QUESTIONS WITH DETAILED VERIFIED
ANSWERS
During the company setup process, which of the following are steps
when creating a new company file? Ans: Importing lists of customers
and vendors.
Choosing your company's beginning Charts of Accounts
Entering the company's address and other contact information
The two methods for creating a new company file are called? Ans:
Express Start and Detailed Start
You've completed the setup of a Quickbooks company file. But during the
company setup, you spelled the company's name wrong. How do you fix
it now? Ans: Select Company > My Company from the menu and click
the icon
Which of the following statements about setting up multiple company
files is TRUE? Ans: QuickBooks can create and store information for an
unlimited number of company files
When you set up a new QuickBooks company, how do you setup a new
item & service that is not on the default list of items or services? Ans:
Next to "Add the products and services you sell", click Add More.
There are a lot of things that can be entered during the setup process for
a new company, like items and services you sell or customers you sell to.
There are some things that are better left to enter later though, like
account balances
Which of the following features allows you to keep all of your lists and
preferences, but start from scratch with everything else in a company
file? Ans: Condense Data
, Page | 2
The Condense Date option allows you to keep your lists and preferences
while removing all of the old transactions.
To be as safe as possible, where should you save a backup company file?
Ans: QuickBooks' built-in online hosting service.
Your computer's hard drive.
You can restore a backup to any location you like, but it's important to
keep the backup itself separate from the computer upon which you've
installed QuickBooks
When you restore a backup company file, what happen? Ans:
QuickBooks creates a new working QuickBooks company file with all of
the data that was in the backup company file.
Backup companies are useful for a variety of reasons, such as replacing a
company file if a hard drive is damaged or even reviewing a company's
data from an earlier period.
Why would a company switch to Multi-User mode? Ans: If a company
wants multiple users to access a company file at the same time, the
company file must be in Multi-User Mode.
How do you change where your icon bar appears? Ans: Click the View
menu and select Top, Left or Hide Icon Bar
How do you open the Product Information screen, which includes version
and company file information, in QuickBooks? Ans: Press F2 on your
keyboard
Which of the following is NOT a good reason to record a Journal Entry?
Ans: Recording a sale to a customer.
Journal Entries should normally be used to enter depreciation, make
year-end adjustments, or to correct errors. This is because Journal
Entries require a good understanding of debits and credits so they are
usually reserved for accountants
INTUIT QUICKBOOKS CERTIFIED
QUESTIONS WITH DETAILED VERIFIED
ANSWERS
During the company setup process, which of the following are steps
when creating a new company file? Ans: Importing lists of customers
and vendors.
Choosing your company's beginning Charts of Accounts
Entering the company's address and other contact information
The two methods for creating a new company file are called? Ans:
Express Start and Detailed Start
You've completed the setup of a Quickbooks company file. But during the
company setup, you spelled the company's name wrong. How do you fix
it now? Ans: Select Company > My Company from the menu and click
the icon
Which of the following statements about setting up multiple company
files is TRUE? Ans: QuickBooks can create and store information for an
unlimited number of company files
When you set up a new QuickBooks company, how do you setup a new
item & service that is not on the default list of items or services? Ans:
Next to "Add the products and services you sell", click Add More.
There are a lot of things that can be entered during the setup process for
a new company, like items and services you sell or customers you sell to.
There are some things that are better left to enter later though, like
account balances
Which of the following features allows you to keep all of your lists and
preferences, but start from scratch with everything else in a company
file? Ans: Condense Data
, Page | 2
The Condense Date option allows you to keep your lists and preferences
while removing all of the old transactions.
To be as safe as possible, where should you save a backup company file?
Ans: QuickBooks' built-in online hosting service.
Your computer's hard drive.
You can restore a backup to any location you like, but it's important to
keep the backup itself separate from the computer upon which you've
installed QuickBooks
When you restore a backup company file, what happen? Ans:
QuickBooks creates a new working QuickBooks company file with all of
the data that was in the backup company file.
Backup companies are useful for a variety of reasons, such as replacing a
company file if a hard drive is damaged or even reviewing a company's
data from an earlier period.
Why would a company switch to Multi-User mode? Ans: If a company
wants multiple users to access a company file at the same time, the
company file must be in Multi-User Mode.
How do you change where your icon bar appears? Ans: Click the View
menu and select Top, Left or Hide Icon Bar
How do you open the Product Information screen, which includes version
and company file information, in QuickBooks? Ans: Press F2 on your
keyboard
Which of the following is NOT a good reason to record a Journal Entry?
Ans: Recording a sale to a customer.
Journal Entries should normally be used to enter depreciation, make
year-end adjustments, or to correct errors. This is because Journal
Entries require a good understanding of debits and credits so they are
usually reserved for accountants
