QuickBooks Chapter 10 Test Questions and Answers 100% Pass

QuickBooks Chapter 10 Test Questions and Answers 100% Pass Although the preset reports DON'T include default headers/footers, you can create them ✔✔False Take care to use lists in QuickBooks only for their intended p ...

QuickBooks Chapter 10 Test Questions and Answers 100% Pass Although the preset reports DON'T include default headers/footers, you can create them ✔✔False Take care to use lists in QuickBooks only for their intended purposes ✔✔False Consistency in entries is the key to using custom fields effectively ✔✔True Use a fixed percentage to change the price of an individual item ✔✔False After you set up a billing rate level, you choose the appropriate level for specific employees and vendors ✔✔True While you can pay employees or vendors directly using billing rate levels, you can't make that cost billable and pass it on to a customer ✔✔False You can adjust the default columns and their order in preset reports ✔✔True Formatting deals with the report data but NOT how that data is displayed ✔✔False One formatting limitation in QuickBooks is that you CANNOT adjust how negative numbers are displayed on a report ✔✔False Merging your QuickBooks data with a preexisting letter template in Microsoft Word is an example of integration between the two programs ✔✔True You can apply filters to any report, but NOT all filtering options are available for every report ✔✔True When you memorize a report, what does QuickBooks do? ✔✔It memorizes the format What does a template include? ✔✔Formatting only In what list can you set up a custom field? - Vendor - Employee - Customer ✔✔All of these options Catelina wants to create custom fields on a standard form provided by QuickBooks, but she can't find the option to do so. Why not? ✔✔The standard reports in QuickBooks cannot be customized in this way Custom fields are available for all types of items except: - Subtotals - Sales Tax Items - Sales Tax Groups ✔✔All of these options Barry wants to show appreciation to his best customer by discounting all of their business. What's the easiest way for him to do this? ✔✔He should use fixed percentage price levels to decrease the items being charged to that customer What is the difference between discounts and price levels? ✔✔Discounts are not linked to individual customers If a report has not been customized, what will it show? ✔✔All data for accounts, customers, or any other category When creating a custom font in a report, what can you adjust? ✔✔Size, style, or color What can you customize in your QuickBooks report? - Header and footer information - Alignment - Header and footer formatting ✔✔All of these options Lucas has been printing his reports for several months. The process is tedious, especially since he's creating the same reports every month, and he hates manually creating each report and printing them individually. What might you suggest to Lucas? ✔✔Create a memorized report group and process it as a batch Oliver is using his friend's computer to access his company file, which is saved to a flash drive. He's trying to insert his new company logo onto his custom template, but it isn't working. Which of these is most likely the reason why? ✔✔Adding a logo will not work if the company file is located on a flash drive What tool allows you to move and resize objects on custom forms? ✔✔Layout Designer - Payment Method List: Receive Payments form - Ship Via List: Create Invoices form - Customer Message List: Enter Sales Receipts form - Sales Rep List: Customer & Job List, Additional Info tab ✔✔Match each list to where it's found in QuickBooks - Industry specific reports: Options include reports for job costing professional services, construction, and retail businesses - Commented Reports: Snapshots of reports with user notes, queries, and other feedback - Scheduled reports: Have selected reports emailed to you automatically - Contributed reports: Reports that are shared as templates with others in the QuickBooks community ✔✔Match each specialized report to its best description