QuickBooks practice Questions & Answers
What lists can be imported from Excel spreadsheets, when setting up a QuickBooks Online company?(Ans- Chart of Accounts, Customers, Products and Services, and Vendors
Which of the following is TRUE regarding your chart of accounts, when setting up a new QuickBooks company?(Ans- It is possible to add more accounts after starting a new company.
What company information does QuickBooks ask for when you first create a new QuickBooks Online account?(Ans- The industry of the business
Where is the Company Settings page found in QuickBooks Online?(Ans- Click the Company Menu at the top right and select Company Settings
What can you do to filter the home page so that it does not display sensitive financial information?(Ans- Turn on "Private Mode" from the home page
Which of the following is TRUE regarding General Journal Entries?(Ans- General Journal Entries require a good understanding of debits and credits and a great deal of care should be taken by non-accountants when entering them
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Which of the following statements about Users is TRUE?(Ans- In addition to Regular or Custom users, you can also set up Reports only and Time Tracking only users
When importing information from QuickBooks Desktop to QuickBooks
Online you:
(Ans- Have to import everything, and anything that is in your QuickBooks Online company during the import will be overwritten.
Which of the following is TRUE regarding merging entries in lists?(Ans- You can merge an income account with another income account
You just bought something from one of your customers and want to set them up as a vendor.What steps would you take to do that?(Ans- Open the Vendors list and create a new vendor. In the Display Name As field, enter the customer's name, but add something else to the name to make it unique.
How do you delete a particular product that you no longer sell?(Ans- Click the Company Menu (gear icon) then click Products and Services. Select the product from the list and click Delete.
What does QuickBooks do when you make a customer that has an open balance, inactive?(Ans- QuickBooks creates a credit memo and applies it to any open invoices which makes the balance zero
Which of the following is NOT a list in QuickBooks Online?(Ans- Other names
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