QuickBooks User Certification Practice Exam 2010 | Exams Advanced Education

Certified Quickbooks User Program-

Practice Exam V2010

What is the first step when you create a new company file? - ANSW-Click the file menu

and select new company.

How do you remove transactions from company file? - ANSW-Click the FILE menu and

select Utilities> Clean up company data from menu. Then, choose the Remove All

transactions option.

Which is one of the two types of lists in Quickbooks? - ANSW-Menu-Based

Workers who require a W-2 tax form at the end of the year should be added to which of

the following lists? - ANSW-Employees

How do you merge two entries on a list? - ANSW-Edit the unwanted list entry. Change

the name to match the name you want to merge into. Click OK. Then, click YES when

prompted to merge the names.

How do you make a "menu-based" list entry inactive (such as an item on the item list? -

ANSW-Open the Item list. Click to select appropriate item. Then, Click bottom left item

button and select Make item Inactive.

What can you do in the Report Center? - ANSW-Run most reports in Quickbooks.

Accountants designed two primary financial statements to summarize the chart of

Accounts. Which of the following is one of these reports? - ANSW-Balance Sheet

How do you hide the sub account detail on a report? - ANSW-click the collapse button. .

In what way do Items act as "pointers" to the financial statements? - ANSW-When you

sell an item the sales dollars flow to the correct account on the financial statements.

What should you do if you will likely sell a service only once? - ANSW-Set up a "catch

all" item

What item type would be nest for something like "shipping" ? - ANSW-other charge

Which is an example of when to use a Non-inventory part? - ANSW-When you buy and

sell the item , but don't need to track quantity on hand information.

Which report shows which products produced the most profit? - ANSW-Item Profitability

How do you create an invoice "from scratch" - ANSW-Click the Create Invoices icon on

the Home page. Select the appropriate customer from the costumer job, drop down list.

Then, enter the appropriate items.

When is it appropriate to enter a customer credit memo? - ANSW-A customer returns

product that was damaged.

How can you ensure the invoice detail appears on a customer statement? - ANSW-Click

the Show Invoice item details on statements box in the create statements window.

Which is a step when you record NSF checks in Quickbooks ? - ANSW-Send a

statement informing the customer they bounced a check.

What two steps do you follow to track accounts payable in Quickbooks? - ANSW-Enter

Bills, Pay Bills

When should you VOID instead of delete a check? - ANSW-You use the check #, but it

will never be cashed.

Which report answers the question: "How much money did I make on this customer or

job?" - ANSW-Job Profitability Detail.

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Certified Quickbooks User Program-

Practice Exam V

What is the first step when you create a new company file? - ANSW-Click the file menu and select new company. How do you remove transactions from company file? - ANSW-Click the FILE menu and select Utilities> Clean up company data from menu. Then, choose the Remove All transactions option. Which is one of the two types of lists in Quickbooks? - ANSW-Menu-Based Workers who require a W-2 tax form at the end of the year should be added to which of the following lists? - ANSW-Employees How do you merge two entries on a list? - ANSW-Edit the unwanted list entry. Change the name to match the name you want to merge into. Click OK. Then, click YES when prompted to merge the names. How do you make a "menu-based" list entry inactive (such as an item on the item list? - ANSW-Open the Item list. Click to select appropriate item. Then, Click bottom left item button and select Make item Inactive. What can you do in the Report Center? - ANSW-Run most reports in Quickbooks. Accountants designed two primary financial statements to summarize the chart of Accounts. Which of the following is one of these reports? - ANSW-Balance Sheet How do you hide the sub account detail on a report? - ANSW-click the collapse button.. In what way do Items act as "pointers" to the financial statements? - ANSW-When you sell an item the sales dollars flow to the correct account on the financial statements. What should you do if you will likely sell a service only once? - ANSW-Set up a "catch all" item What item type would be nest for something like "shipping"? - ANSW-other charge Which is an example of when to use a Non-inventory part? - ANSW-When you buy and sell the item , but don't need to track quantity on hand information. Which report shows which products produced the most profit? - ANSW-Item Profitability How do you create an invoice "from scratch" - ANSW-Click the Create Invoices icon on the Home page. Select the appropriate customer from the costumer job, drop down list. Then, enter the appropriate items. When is it appropriate to enter a customer credit memo? - ANSW-A customer returns product that was damaged. How can you ensure the invoice detail appears on a customer statement? - ANSW-Click the Show Invoice item details on statements box in the create statements window. Which is a step when you record NSF checks in Quickbooks? - ANSW-Send a statement informing the customer they bounced a check. What two steps do you follow to track accounts payable in Quickbooks? - ANSW-Enter Bills, Pay Bills When should you VOID instead of delete a check? - ANSW-You use the check #, but it will never be cashed. Which report answers the question: "How much money did I make on this customer or job?" - ANSW-Job Profitability Detail.

What are the two steps to set up payroll in Quickbooks? - ANSW-Sign up for a payroll service, AND, complete the payroll setup interview. Which is one of the available payroll service options? - ANSW-Assisted Payroll. What is the end result of the payroll setup interview? - ANSW-Quickbooks has an accurate record of employees, earnings, deductions, and payroll history, and you are ready to create your first paycheck. What are the two ways to create payroll items? - ANSW-Through the payroll setup interview and from the payroll items list. When you set up a new employee. how do you add a payroll deduction such as "medical Insurance"? - ANSW-In the new Employee window, click the change tabs drop-down list and select payroll and compensation Info. Then, add the "Medical Insurance" Payroll item below the Addition, Deductions, and Company Contributions section. When you pay an hourly employee, how do you add vacation pay and reduce the vacation hours available? - ANSW-Add the Vacation hourly payroll item name in the Earnings section. Then, type the hous of vacation used in the Hours column. When printing paycehcks, what check style should you use to give an employee paystub? - ANSW-Voucher What step must you complete to use the payroll center to pay payroll liabilities? - ANSW-Set deposit frequencies Which payroll service allows you to print most state tax forms? - ANSW-Enhanced payroll How do you make most modifications to report? - ANSW-click the Modify report button on the report. How do you make a column on a report wider? - ANSW-click the diamond to the right of the column and drag it to the right. What report modification technique is used to limit the data appearing on a report? (ex. Only show uncleared check)/ - ANSW-Filters. How do you display a group of reports? - ANSW-Click the reports menu and select Process Multiple reports. Which is a reason to send a Quickbooks report to excel? - ANSW-To add a total to the bottom of a QuickBooks report. When you send a QuickBooks report to excel, how do you take advantage of the excel auto outline feature? - ANSW-When you display a report, click the export button. Click the Advanced tab. Then, click to place a checkmark next to Auto outline. Which is a good use of a customer custom fields? - ANSW-Add a field to track a customer's birthday How do you create a custom form or template? - ANSW-click the lists menu and select templates. Then, click the templates buttom and select New. Which statements is true regarding the creation of a custom form/template? - ANSW- you can customize all of the above. Which tool you use to modify WHERE Quickbooks displays elements on a printed/template? - ANSW-Layout Designer

QuickBooks User Certification Practice Exam 2010, Exams of Advanced Education

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Download QuickBooks User Certification Practice Exam 2010 and more Exams Advanced Education in PDF only on Docsity!

Certified Quickbooks User Program-

Practice Exam V