Why would you hide or collapse sub accounts on a report?
(Ans- To temporarily hide unnecessary detail and hide parent accounts
What should you do after you click and Save and Close on a Customer Memo?
(Ans- Choose
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Why would you hide or collapse sub accounts on a report?
(Ans- To temporarily hide unnecessary detail and hide parent accounts
What should you do after you click and Save and Close on a Customer Memo?
(Ans- Choose between retained as an available credit, give a refund or apply an invoice
Which of the following CAN be memorized in QuickBooks?
(Ans- Checks
Which is not a Payroll Summary Report in QuickBooks?
(Ans- Information necessary to complete your state unemployment tax form
The bank notified you that a customer's check you deposited has bounced. The customer did not have sufficient funds to cover the check. What should you do?
(Ans- Record a transaction to show the customer owes you money and that the checking balance has decreased by the same amount
Suppose you always want all reports to show a specific size and color, how do you set the standard or preference in QuickBooks so you don't have customize each report?
(Ans- Click the reports menu reports and select global report preferences
Suppose you want to restrict which users can access customer credit card numbers. How do you do this?
(Ans- Give the user access to sales and accounts receivable but do not check the complete credit card numbers
Which of the following is the possible reason for a bank reconciliation discrepancy?
(Ans- The bank reconciliation is on a cash basis instead of accrual basis.
Which of the following statements is TRUE regarding Undeposited Funds? (Ans- It is account used to record payments before you make a deposit.
Which accounts are affected when you enter QuickBooks?
(Ans- Accounts Receivable
Workers who require a W2 tax form at the end of the year should be added to which of the following lists
(Ans- Employees
If you have customized report that you use each month, which feature lets you run the report with updated data each month.
(Ans- Memorize Report
What is the primary reason for setting a closing date in QuickBooks?
(Ans- To restrict users from deleting, editing or adding transactions to last year
Your new employee earned an annual salary of $40,000. How do you enter this into QuickBooks?
(Ans- Enter 40,000 in the payroll info window
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