QuickBooks Certification Test (3)
When you create a new company file, QuickBooks asks for your start date. What is the
best definition of start date in QuickBooks? - Answer- The day you chose to start
recording the financial records in Quickbooks.
When a transaction is change, what information does the Audit Trail report Merging
entries - Answer- All of the above.
When should you use the items tab on a bill or check - Answer- When you purchase
inventory parts.
when you are setting up a service items, what happens if you select the box next to this
"service is performed by a subcontractor or partner"? - Answer- QuickBooks provides
fields so you can track purchase and sales information for that item.
When should you set up a non-inventory items types? - Answer- All of the above.
When making your payroll tax deposit, how can you add IRS INTERST and/or
penalties? - Answer- Click the expense tab and enter the appropriate account and
amount of interest and penalties.
When you enter a purchase order for inventory, which accounts are affected? - Answer-
None, because purchase order are non-posting transactions.
When can you delete a check from QuickBooks without voiding it? - Answer- You enter
a check in QuickBooks but haven't printed it yet. You realize the purchase was actually
made using a credit. The check was never really used.
When you set up a new employee, how do you add a payroll deduction such as medical
insurance? - Answer- 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.
When should you VOID instead of delete a check? - Answer- You used the check
number but it will never
be cashed.
