Quickbooks Certification
Why must you set deposit frequencies for the taxes or deductions your company has to pay
(Payroll Liabilities)? - ANS - So that Payroll Liabilities show yp in the Pay Taxes & Other
Liabilities
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Quickbooks Certification
Why must you set deposit frequencies for the taxes or deductions your company has to pay
(Payroll Liabilities)? - ANS - 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? - ANS - 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? - ANS - Balance Sheet. Profit and Loss
What are the main sections of the Profit & Loss? - ANS - Income, Cost of Goods Sold, and
Expenses
How do you move columns on a report? - ANS - Move your cursors over the column heading,
and when it becomes a hand, click and drag the column to the desired position.
How do you create a memorized group of reports? - ANS - Open the Memorized Report List and
then Click Memorized Report > New Group
What happens if you double-click a diamond on a report column? - ANS - None of the above
Which of the following reports answers the question "What transactions make up the current
balance I owe each Vendor"? - ANS - Vendor Balance Detail
You sent Quickbooks a report to Excel and made some changes. How do you import the changes
back to Quickbooks? - ANS - 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? -
ANS - The date you want to begin tracking the company's finances in Quickbooks.
Which of the following CANNOT be entered during the setup of a new company (Express Start
or Advanced/Detailed Setup) file? - ANS - Trial Balance opening balances
How do you customize Quickbooks by changing the color scheme and adding or removing icons
from the Home page? - ANS - Choose Edit > Preferences > Desktop View
??? - ANS - Click the Formatting Tab at the top of the form; then click Customize Data Layout
You need to enter the same transaction each month (for example, an insurance payment). How
can you automate this process in Quickbooks? - ANS - While the transaction is on the screen,
choose Edit > Memorize check (or the name of the transaction).
How do you set up multiple users in QuickBooks Pro or Premier? - ANS - Choose Company >
Set Up Users and Passwords > Set Up Users
What is the maximum number of names that cab be included on he Names lists in QuickBooks
Pro or Premier? - ANS - 14,500
What keyboard shortcut allows you to see a total for all four names lists? - ANS - F2
What do the diamonds mean on certain lists (for example, the diamonds to the left of each
Customer: Job)? - ANS - You can click on the diamond and move the list entry to a different
location on the list.
If you moved a list entry up or down, what happens when you add a new entry to the list? - ANS
- Quickbooks adds new list entries to the top of the list, regardless of alphabetic order.
How do you combine or merge t
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