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QuickBooks Certification Exam: Q&A for Accounting Professionals, Exams of Nursing

Walden UniversityNursing

A series of questions and answers related to the intuit quickbooks certification exam. It covers various aspects of using quickbooks, including creating memorized reports, tracking accounts payable, managing company data, customizing invoices, understanding financial statements, and setting up new employees. The questions address practical tasks and functionalities within quickbooks, providing insights into the software's features and best practices for financial management. This resource is useful for individuals preparing for the quickbooks certification exam or seeking to enhance their proficiency in using quickbooks for business accounting. It offers a concise overview of key concepts and procedures, making it a valuable study aid for accounting professionals and small business owners alike.

Typology: Exams

2024/2025

Available from 05/18/2025

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Intuit QuickBooks Certification Exam
How do you create a memorized group of reports? -
answer -Open the Memorized Report List and then
click Memorized Report > New Group
How do you track accounts payable in QuickBooks?
- answer -Enter a bill, and then use the Pay Bills
window.
If you choose to "Remove Transactions as of a
specific date" from the "Clean Up Company Data"
window, what does QuickBooks do? - answer -
Removes all transactions while leaving lists,
preferences, and service subscriptions intact.
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Download QuickBooks Certification Exam: Q&A for Accounting Professionals and more Exams Nursing in PDF only on Docsity!

Intuit QuickBooks Certification Exam

How do you create a memorized group of reports? - answer -Open the Memorized Report List and then click Memorized Report > New Group How do you track accounts payable in QuickBooks?

  • answer -Enter a bill, and then use the Pay Bills window. If you choose to "Remove Transactions as of a specific date" from the "Clean Up Company Data" window, what does QuickBooks do? - answer - Removes all transactions while leaving lists, preferences, and service subscriptions intact.

Suppose your address information appears on the upper left of your invoice and you want to move it to the lower right. How would you do this? - answer - Use the Layout Designer What are the 2 main Financial Statements you can run from the "Company and Financial" category of reports? - answer -Balance Sheet, Profit and Loss What do the diamonds mean on certain lists (for example, the diamonds to the left of each Customer:Job)? - answer -You can click on the diamond and move the list entry to a different location on the list. What is the maximum number of names that can be included on the Names lists in QuickBooks Pro or Premier? - answer -14, What is the purpose of subaccounts? - answer -Track finances in more detail by grouping accounts in a logical fashion and showing a subtotal for those accounts What item type should you use for inventory that you assemble from other items and then sell? - answer -Inventory Assembly

When you run Financial Statements in QuickBooks, what bookkeeping basis can you use to view the report? - answer -Cash Basis, Accrual Basis, and you can switch the bookkeeping basis if you want. Which of the following is NOT a backup option in QuickBooks? - answer -Removes all transactions while leaving lists, preferences, and service subscriptions intact. Which of the following statements is true concerning items? - answer -You can use one item to represent different services or goods, Items allow you to track your sales in more detail without cluttering your Chart of Accounts or Profit & Loss, and To create an invoice, you must use an item. You need to enter the same transaction each month (for example, an insurance payment). How can you automate this process in QuickBooks? - answer - While the transaction is on the screen, choose Edit > Memorize check (or the name of the transaction) You've been hired by a company that started in 1911. They've never used QuickBooks. During the EasyStep Interview, what "Start Date" should you

use? - answer -The date you want to begin tracking the company's finances in QuickBooks