Quick Books Pro 2008 Test
A base unit in QuickBooks is usually defined as:
A client asked you to review last year's records. You ran the year-end balance sheet and the A/R aging details report as of last year. You prepared both reports using the accrual basis, and the bal...
A client's bank balance is different from the balance shown on the balance sheet. What is the problem?
After setup, which report should be run to verify the accounts receivable details as on the opening date?
Collecting accounts receivable depends on what other activity happening first?
Do all vendors need their profiles complete before paying?
For which of the following reports can you use the Financial Statement Designer to filter account balances by Customer: Job?
How can you prevent users from changing transactions from prior periods?
How can you set up QuickBooks: Pro or higher so that time data for salaried employees is transferred to the payroll automatically?
How can you track deposits that clients make to vendors?
How do you check the version and release number of a QuickBooks for Windows desktop file?
How should sales tax liabilities be adjusted in QuickBooks?
How would you best describe the use of the Opening Balance Equity Account during the setup process?
If a bank reconciliation does not balance even after reviewing the transactions, what is the best option?
If a client miscalculated a fixed tax (like Medicare), how would you correct this discrepancy in After-the-Fact Payroll?
If a company wants a quick look at their financial performance for the month, what report would be best to run?
If a company's tax form is recorded incorrectly, then where should the corrections be made?
If a payment has been made out of the wrong bank account but the check has not yet been printed, what is the best way to correct it in Quickbooks?
In QuickBooks, what is the main tool you can use to monitor the accrual and payment of state and local sales taxes?
In QuickBooks: Premier Accountant Edition, what permission must the users have in order to view the Working Trial Balance?
In QuickBooks: Pro and higher, what type of item should be used to capture both income and expenses information for work performed by subcontractors?
In the Working Trial Balance, what does 0.00 for each column indicates?
In which list do you enter the sales tax rates?
In which of the following formats does QuickBooks support data import?
In which QuickBooks window would you record the amount and payment terms for money that a client owes a vendor?
Money is transferred from one bank account to another. What is the best way to handle this transaction?
The opening balances of which of the following accounts can be recorded while setting up the chart of accounts?
The option for downloading updates from within QuickBooks is _____.
The Sales Department has asked for your help to do an analysis. They want to see what specific customers are buying. What would be the best starting point?
To which of the following items can units of measure be assigned?
To which of the following items you cannot assign the units of measure?
Under which of these circumstances would a Journal Entry be most appropriate?
What does QuickBooks do so that you don't have to restate the financials when voiding a check from a prior period?
What does using the Item tab on checks and bills allow you to do?
What field do you need to complete in the Enter Time/Single Activity or Weekly Timesheet windows in order to transfer time to employee paychecks?
What information needs to be checked before adding a loan to the Loan Manager?
What is the standard number system for a chart of accounts?
What item type should you set up to track customer down payments?
What might cause a difference to show up between a client's Sales Tax Payable liability account and the sales tax payable amount showing on the Pay Sales Tax window?
What must happen to make the Budgets & Forecasts category of reports most useful?
What report should be used to check the taxable status of the existing product and service items as well as the rates and agencies associated with the Sales Tax items?
What report would an auditor want to see?
When clients have customers who are also vendors, what is the best way to offset accounts payable against accounts receivable?
Where can you find the User's Guide and the Getting Started Video for the Financial Statement Designer?
Where does the column headings come from in the After-the-Fact Payroll window?
Which edition will not support a client's need to combine financial reports from different locations?
Which item type has information in the Current Availability window?
Which of the following "standard" accounting reports must be created by modifying another report in QuickBooks?
Which of the following activities does QuickBooks support?
Which of the following balance sheet accounts doesn't have an account register?
Which of the following can be done in the Financial Statement Designer?
Which of the following can be used to enter opening balances in QuickBooks?
Which of the following can help you recreate information about deleted transactions by providing debit and credit details for the original transactions?
Which of the following cannot be included as a component of an assembly item?
Which of the following cannot be recorded by using a journal entry?
Which of the following describes a method for handling shared payroll expenses?
Which of the following does the client-ready 941/940 report not show?
Which of the following doesn't describe a measurement set?
Which of the following editions allows toggling among different editions of QuickBooks without having all the editions installed?
Which of the following functions does the QuickBooks items perform?
Which of the following inventory valuation methods does QuickBooks support?
Which of the following is a method you can use to track customer prepayments, deposits or retainers in QuickBooks?
Which of the following is a step involved in setting up QuickBooks to track 1099 information?
Which of the following is not a common mistake clients make while recording and depositing payments as identified in this module?
Which of the following is NOT the parts of tracking a NSF check in QuickBooks?
Which of the following methods can you use to value inventory in QuickBooks?
Which of the following needs to happen in order for sales tax to be calculated for a line item on an invoice or sales receipt?
Which of the following Premier editions doesn't allow setting up of billing rate levels for different employees?
Which of the following questions should be asked to determine whether QuickBooks is the right software for a client?
Which of the following QuickBooks utilities is used to check for data file integrity?
Which of the following reports can be used to find checks in numeric order?
Which of the following reports contains all the information about paychecks and the employer's related payroll expenses?
Which of the following reports shows how a specific month's actual results compare with the budget for that month; how the year-to-date actual results compare with the year-to-date budget; and how ...
Which of the following resources can be used to find manual changes of reconciled status in bank account entries?
Which of the following statements is true regarding the Fixed Asset Manager?
Which of the following statements is true?
Which of the following tasks is not allowed while working in the accountant's copy?
Which of the following transactions should not be recorded in the Transfer Funds window?
Which of the following transactions will appear as Accounts Receivable on a cash-basis balance sheet?
Which report would you recommend for clients who want to know which customers made the maximum purchases from them?
Which report would you run to find the net purchases from each vendor regardless of how payments were recorded in QuickBooks?
Which report(s) could you run to see the reversing journal entry QuickBooks makes when voiding a check from a prior period without affecting the prior period financials?
While automatically deducting money for loan repayments from the employee paychecks, what should be checked at the end of each calendar year?
While entering individual historical transactions during setup, which transactions should be entered first?
Why do you need to use the Receive Payments feature in Customers rather than book receipts directly to the bank?
Why is it important to include the customers' email address in their Customer set up?
Why would a company choose to use account numbers?
Why would one choose to create multiple Jobs under 1 customer rather than just create specific invoices?
Why would you export a customer list to Excel when you can manage it within Quickbooks?
You hire an employee who will work as a staff member, but also provide outside services to your company unrelated to his/her job. How is this best handled in Quickbooks?
You hire someone as a 1099 contractor. Which module would you enter the person to track what is paid to him/her?
You run a client's balance sheet on cash basis, but the balance in the Sales Tax Payable account does not change. What can be the cause?
Your company receives a miscellaneous check as a rebate on office supplies purchased. How would this be entered in Quickbooks?