The beginning balance calculated by QuickBooks does not match last months ending balance Which of the following is a possible reason for a bank reconciliation discrepancy? To restrict users from deleting, editing or adding transactions to last yearġ3. Which report shows how much you owe for sales tax?Ĭlick the reports menu then select process multiple reports. Track any changes and deletions to transactions and track which user makes that change or deletionġ2. It is possible to add more accounts later.Įnter bill then click credit on top of the bill. After QuickBooks sets up a chart of accounts in the Easy Step Interview, which of the following is TRUE? What would you do after you click save & close on a customer credit memo?Ĭhoose between retained as an available credit, give a refund or apply to an invoice.ġ1. Invoice for hours entered on the time sheet.Ĭlick the diamond to the right of the column and drag it to the right.ġ0. The entry has been used in a transaction. What is the reason for not being able to delete a list entry? when you an employee sick/vacation time, click the sick/vacation button and reduce those available hours.ĩ.
#Quickbooks certification practice test 2015 how to#
In the new employee window, click the change tab drop down list and select payroll and compensation info and then add the medical insurance payroll item below the additions deductions and company contributions.Ĭlick the vacation button on the employee setup to define how to accrue time and tell QuickBooks how many hours the employee is available. Which report is also known as an income statement and summarizes income and expenses for a month? QuickBooks allows you to merge an Expense account with an Income account.Ĩ. Because purchase orders are non-posting transaction. For example, nuts and bolts you use for installation jobs but don't sell directly. Give the user access to sales and accounts receivable but do not check the complete credit card numbers.įor something you buy and sell but do not need to track the quantity on hand. suppose you want to restrict which users can access customer credit card numbers. General Journal entries require a good understanding of debits and credits and should not be used by non-accountsĬlick the edit menu and select preferences then click the reports and graph s group to set your report preferences.ħ.
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 to customize each report? These levels, all transactions within that area.Ħ. You can prohibit access, grant access or grant selected access. You used the check number but it will never be cashed. When you purchase or sell an item the value of the purchase or sell flows to the account you selected when you set up the item. Which 2 steps do you follow to track accounts payable in QuickBooks?
Use the write check window for the check register but type debit in the check number field.ĥ. How do you record a debit card transaction in QuickBooks? Vendor credit memos reduce what you owe the vendor.Ĥ. Set up a generic item and edit the description and price each time. Which of the following elements on the invoice can you NOT customize? Information necessary to complete your state unemployment tax form.ģ. QuickBooks has an accurate record of employees, earning deductions and payroll history and you are ready to create the first paycheck. What is the end result of a payroll setup interview? The amount of information you can type in each field.Ĭlick the diamond to the right side of the column and drag it to the right.Ģ. Which of the following is not a billing option when you prepare a progress invoice?
QuickBooks Certification Practice Questionsġ.
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