The AP aging report can help you stay on top of you business cause of it list what is one

what you owe and when it is/was due

entered the wrong company address. How would you fix this error?

In the Account and settings window

If you don’t want the home page to display sensitive information what can be done about it?

turn on Privacy Mode from the Home page

received 2 P of $500 How do you recording these payments, so your Bank R ONE deposit of $1,000.

record customer 1’s payment and deposit the money to UF

Steps to record hours step 3

enter the customer information, the service you did

Can you delete or make inactive something on a list if it has a balance

no you cannot delete a list item that has a balance

Your employer wants to see profit in department A seperate from Department B.

turn on classes and set up each department as its own class

received 2 P of $500 How do you recording these payments, so your Bank R ONE deposit of $1,000.

click Receive Payment next to customer 1

You suspect that someone is making changes in QuickBooks. List the steps to see who did this

click the gear icon and then click Audit Log

You want to be able a run a custom report without customizing it again how do you do this

click on the name of the report to run it

Put the following steps in the correct order for purchasing stock using a purchase order

click the Global Create button, then select Bill

What do you use Terms for in QuickBooks?

to determine when a customer’s invoice is due

received 2 P of $500 How do you recording these payments, so your Bank R ONE deposit of $1,000.

The Plus icon and select BD, then Click both P from L and S

Your vendor decides to become a customer. You need to add them to your customer list. How ?

create a new customer, but spell the name differently

How do you backup and keep QuickBooks up to date between users?

it happens automatically in the cloud

How do you access the account and settings window

access by the Gear Icon and then click Account and Settings

the 1st step for entering a vendor credit and using it to pay the bill in correct order:

click the Create button and select Vendor Credit

Put the 3 steps to record this purchase in the correct order:

in the account field select the Credit Card account

The second step for entering a vendor credit and using it to pay the bill in correct order

click the Create button and select Pay Bills

Your accountant is upset that change are being made to last years numbers How can you stop this

set a Closing Date in the Advanced section in company seting

You need to find an expense, but all you can remember is the amount. How do you find it ?

press the search icon and search for the exact amount

Which of the following statements is true regarding Products and Services?

you sell a product the value flows to the account you select

studbud

QBO Certification test

90 termsStudBud Administration369 plays

QBO #QBO

Flashcards90 cardsFPractice quizPHost liveL

Questions 90

Answers

1
The AP aging report can help you stay on top of you business cause of it list what is one
what you owe and when it is/was due
bills that have been paid
historical data related to a particular vendor
purchases by vendor
2
entered the wrong company address. How would you fix this error?
In the Account and settings window
on invoice double click the company address correct it there
you can’t change the company address make a new QBO
3
You need to enter an expense using your debit card. What account do you put in the field
Debit Card
Checking
select the brand of debit card from the drop down list
Credit Card
4
if you record Bills in QBO, you should use the Pay Bills screen to record the Bill payments
True
False
5
If you don’t want the home page to display sensitive information what can be done about it?
go to the Company menu and turn on “Privacy Mode”
go to the Manage Users screen and set a user to view the
navigate to the Reports window and change the reports
turn on Privacy Mode from the Home page
6
What Are QBOS Browser limitations
all users must access QuickBooks from the same browser type
you can’t use QuickBooks on Chrome or Safari
none of the above
QuickBooks can only be run from a PC based system
7
Which transaction does NOT affect the customer’s balance?
Credit Memo
Estimate
Invoice
Customer Payment
8
What QBO Sales form would you use when you received a payment from a customer already invoiced
receive payment
estimate
invoice
sales receipt
9
received 2 P of $500 How do you recording these payments, so your Bank R ONE deposit of $1,000.
record customer 2’s payment and deposit the money to UF
record customer 1’s payment and deposit the money to UF
click Receive Payment next to customer 2
10
What information does QuickBooks NOT ask when you create a new QuickBooks Online account.
the start date
the company address
the owner’s name
the industry
11
Steps to record hours step 3
enter the customer information, the service you did
click the + icon
click Customer Discount
12
Change Account settings
Search BAR
Gear Icon
Help icon
Create Icon
13
Record hours step 4
save the transaction
click Credit Memo
14
You entered a check in QBO to record the purchase of OE.you realize this was a credit card P
change the amount of the check to zero
change the check number to “Credit”
delete the check
void the check
15
Can you delete or make inactive something on a list if it has a balance
yes QuickBooks will display a list of choices on how
yes QuickBooks will delete any list with a transaction
no you cannot delete a list item that has a balance
16
you can have as many Reports Only and Time-tracking Only Users as you want
False
True
17
Your employer wants to see profit in department A seperate from Department B.
set up a QuickBooks subscription for each department
there isn’t a way to do this in QuickBooks
set up each department as a sub customer
turn on classes and set up each department as its own class
18
Which section of the Balance Sheet shows your Accounts Receivable balance?
Assets
Equity
Liabilities
this account does not appear on the Balance Sheet
19
What is a good place to look for an App in OBO that can automatically enter sales
click the Gear Icon, then click “Find Integrated Apps”
QBO does not integrate with other software this not possible
the Apps tab in QuickBooks
iTunes, Android Market, or Google Play
20
received 2 P of $500 How do you recording these payments, so your Bank R ONE deposit of $1,000.
record customer 2’s payment and deposit
customer 1’s payment and deposit the money to Undeposited F
click Receive Payment next to customer 1
21
You suspect that someone is making changes in QuickBooks. List the steps to see who did this
click the gear icon and then click Audit Log
click the create icon and then click the Transaction List
22
You accidentally invoice someone 10 hours not of 6 Put the steps to record the hours step 1
click Adjust Sales
enter the customer information,
click the + icon
save the transaction
23
Why would you recommend that the company start using Sales Forms instead? of journal entries
you can email or print the sale for the customer
the sale will show up on sales reports
all of the above are true
you can run reports that show sales by product or service
24
First Step of Customizing an invoice
at the bottom of the invoice, click “Edit”
click the Gear Icon
open an invoice
select Custom Form Styles
25
You want to be able a run a custom report without customizing it again how do you do this
when finished customizing, click the “Create New
to run the report, click the Reports tab
click on the name of the report to run it
26
Select the statement that is TRUE about using the QuickBooks app on a mobile device:
all of the above
the mobile app uses built in functionality of your device
you can NOT DO all the functions of QBO on the mobile app
there is a QBO app for Android and Apple (IOS) devices
27
True or False? The name field is optional on invoices and bills.
True
False
28
Put the following steps in the correct order for purchasing stock using a purchase order
click the Global Create button, then select Vendor Credi
click the Vendor button, then select Purchase Order
click the Global Create button, then select Bill
29
Where should you begin the process of importing lists from Excel into QuickBooks
Quick Create button
Gear Icon
none of the above
Import Menu
30
You Can remove an account from the chart of accounts
True
False
31
How do you find the company settings in QuickBooks?
gear icon
New Company menu
quick create icon
none of the above
32
What do you use Terms for in QuickBooks?
to determine when a customer’s invoice is due
to determine when a project should be completed
to create invoices on a set schedule
to set up an agreement between you and your customer
33
received 2 P of $500 How do you recording these payments, so your Bank R ONE deposit of $1,000.
The Plus icon and select BD, then Click both P from L and S
Close and save
add both together to make one deposit
34
Your vendor decides to become a customer. You need to add them to your customer list. How ?
just add them to the Customer List
rightclick the vendor name and select “Enable Customer Mode”
create a new customer, but spell the name differently
35
How do you backup and keep QuickBooks up to date between users?
it happens automatically in the cloud
None of the above
run a monthly backup
create a sync users file
36
Which QuickBooks Sales form would you use when your customer paid you at the time of sale?
sales receipt
invoice
delayed charge
receive payment
37
How do you access the account and settings window
access by the Gear Icon and then click Account and Settings
Just click create icon
in the chart of accounts
38
True or False ? does QBO automatically create the Chart Of accounts
True
False
39
the 1st step for entering a vendor credit and using it to pay the bill in correct order:
click the Create button and select Vendor Credit
click the Create button and select Pay Bills
click the Create button and select Enter Bill
40
Create Transaction
Search Icon
Gear Icon
Create Icon
Help Icon
41
What are two options for categorizing sales and expenses in different locations and departments
Options and Other
Classes and Locations
none of the above
Assets and Liabilities
42
Which of the following is a major section of the Balance Sheet?
Equity
all of the above
Assets
Liabilities
43
Which transaction CANNOT be made recurring?
deposit
check
general journal entry
bill
44
Put the 3 steps to record this purchase in the correct order:
in the account field select the Credit Card account
record how much you charged and what you purchased
click the Create button and select Expense
45
The second step for entering a vendor credit and using it to pay the bill in correct order
click the Create button and select Check
click the Create button and select Enter Bill
click the Create button and select Pay Bills
click the Create button and select Card Credit
46
Your accountant is upset that change are being made to last years numbers How can you stop this
select Seal Company Data from the Advanced section
set a Closing Date in the Advanced section in company seting
you cannot change numbers from a previous year
start a new company at the beginning of each year
47
You need to find an expense, but all you can remember is the amount. How do you find it ?
The audit log go through the transactions and find it
press the search icon and search for the exact amount
Open New expense form and find the transaction
press Ctrl and F to search for the amount
48
Which section of the Balance Sheet shows your Accounts Payable balance?
Liabilities
Assets
Equity
Chart Of accounts
49
Steps to record hours step 2
enter the customer information, the service you used
click Credit Memo
save the transaction
click Adjust Sales
50
Which of the following statements is true regarding Products and Services?
products and services do not affect account balances
you can’t have more than 25 products or services
products and services are used on Sales Forms only
you sell a product the value flows to the account you select
51
What feature of QuickBooks allows you to set how long a customer has to pay an invoice?
Date Due
Pay Dates
Terms
None of the above
52
Put the 3 steps to record this purchase in the correct order:
record how much you charged and what you purchased
click the Create button and select Expense
click the Create button and select Credit Card Charge
53
Which of the following IS a list in QuickBooks online?
Items
Other Names
Classes
Subcontractors
54
If you make a customer with an unpaid balance inactive, what happens to the open balance?
you cannot inactivate a customer that has a balance
the balance is transferred to the inactive customers account
QBO creates a JE to write off the balance as Bad Debt
none of the above
55
You want to be able a run a custom report without customizing it again how do you do this
when finished customizing, click “Save Customization
name the report and click Save
run the R click the R tab and Click the A W you told QBO S
56
How can you see a list of keyboard shortcuts in Quickbooks Online?
press the Gear Icon, then click “Keyboard Shortcuts
hold down Ctrl, Alt, and ? at the same time
since it’s online, you can’t use keyboard shortcuts
press the F1 key
57
Which of the following could explain why a Profit & Loss shows a profit, but the banks same
the Profit & Loss was run on the Fund Basis
this is not possible if there is a profit there will be cash
the Profit & Loss was run on the Item Profitability
Profit & Loss was run on the Accrual Basis not Cash Basis
58
you work on several different projects. How do you keep the sales and expenses for each project
select the “Track Separately” checkbox on the invoices
you cannot do this in QuickBooks
use different income and expense accounts for each job
59
received 2 P of $500 How do you recording these payments, so your Bank R ONE deposit of $1,000.
record customer 2’s payment and deposit the money to UF
click Receive Payment next to customer 2
60
The steps to record a sale step 2
click Sales Receipt
Save transaction
enter the sale information
click Receive Payment
61
Put the 3 steps to record this purchase in the correct order:
enter the word “Credit Card” as the check number
click the Create button and select Check
record how much you charged and what you purchased
62
received 2 P of $500 How do you recording these payments, so your Bank R ONE deposit of $1,000.
record customer 2’s payment and deposit the money to UF
click Receive Payment next to customer 2
63
What QBO Sales form would you use when you provide a service or product (add invoice later)
sales receipt
estimate
invoice
delayed charge
64
Second step to customize and invoice
click the Gear Icon
open an invoice
at the bottom of the invoice, click “Edit”
select Custom Form Styles
65
When should you use the Items Details window* on a bill, check, or expense?
all of the above
when you want to send someone a bill for items
to track sales tax
when you purchase stock
66
If you DON’T download bank transactions, how do you enter a lunch paid with the company card?
select expense
click Create Icon
fill out the form
use Debit Card as the payment method
67
You want to be able a run a custom report without customizing it again how do you do this
Create a new report
when finished customizing, click “Save Customization”
68
If you use QBO Plus, how do you charge a customer for expenses you incurred on a project?
enter expense enter the customer name selec the billable box
create an estimate for each for the expenses, and invoice
enter a delayed charge for each expense
create an invoice for each billable expense
69
what QBO Sale form would you use when you made a sale, but your customer still owes you payment
sales receipt
receive payment
estimate
invoice
70
To speed up the setup process, you can import certain lists into QuickBooks. What are they
Product & Services Recurring Transaction Customers & Vendors
Products & Services, Customers & Vendors, Transactions
Chart of Accounts, Employees, Memorized Reports, Classes
Chart of Accounts, Products & Services, Customers & Vendors
71
You paid an insurance premium online with an electronic funds transfer. How do you record this
Create select Expense fill expense EFT as payment method
click Create button > select Check > fill out the check
72
Which is NOT a good reason to enter a General Journal entry?
to avoid using the built-in forms
to enter depreciation
for accountants to correct errors
for year-end adjustments
73
You just bought something from a customer. How do you set up this customer as a vendor?
just add them to the Vendor List
rightclick the customer name and select “Enable Vendor Mode”
create a new vendor, but spell the name differently
74
you need to keep track of the sales rep with each sale. How do you track sales reps on sales F
enter each sales rep as vendor, and select them as vendors f
In Company Settings, and Sales category, make a field for SR
you can’t track sales reps
75
You want to be able a run a custom report without customizing it again how do you do this
name the report and click Save
to run the report, click the Reports tab
“WTPR” window, choose wat area of the RP you want to keep it
76
What do you use to navigate in QBO
List
Dashboard
Search Bar
NAV Bar
77
If you DON’T download bank transactions, how do you enter a lunch paid with the company card?
fill out the form
select expense
use Debit Card as the payment method
click Create Icon
78
Which section of the Balance Sheet shows your Sales balance?
Liabilities
Assets
Equity
this account does not appear on the Balance Sheet
79
Which section of the Balance Sheet shows your Capital Investment balance?
Equity
Liabilities
this account does not appear on the Balance Sheet
Assets
80
How do you hide all subaccounts on a report
click the Collapse button
click the Hide Details button
click the Customize Reports button, then Hide Subaccounts
click the Hide Subaccounts button
81
Which statement is false?
you can enter a Sales Receipt if the Customer field is empty
you cannot enter an Invoice if the Customer field is empty
you cannot enter a Bill if the Vendor field is empty
cannot enter a Sales Receipt if the Customer field is empty
82
Put the following steps in the correct order for purchasing stock using a purchase order
click the Vendor button, then select Purchase Order
click the Global Create button, then select Purchase Order
83
If you DON’T download bank transactions, how do you enter a lunch paid with the company card?
fill out the form
use Debit Card as the payment method
select expense
click Create Icon
84
Which QBO Sales form would you use if your customer isn’t sure if they want to buy anything
invoice
sales receipt
estimate
85
What tab help you find a app designed for a specific business function that also syncs with QBO
Other
Sync
Apps
Functions
86
Select the statement that is NOT true about using the QuickBooks App on a mobile device:
there is a QBO app for both Apple IOS and Android devices
the mobile app is free
can do same in the QBO Ap that yo can do in your regular QBO
the mobile app uses the phone’s camera to take pictures of R
87
If you DON’T download bank transactions, how do you enter a lunch paid with the company card?
click Create Icon
fill out the form
select expense
use Debit Card as the payment method
88
Steps to record sales step 1
click Invoice
click Sales Receipt
enter the sale information
click the create button
89
How to record a sale step 4
click Invoice
Save transaction
click the create button
click the create button
90
Steps to record a sale step 3
Save transaction
click Receive Payment
click Record a Sale
enter the sale information

QBO Certification test Flashcards | StudBud

QBO Certification test

90 termsStudBud Administration369 plays

QBO #QBO

Flashcards90 cardsFPractice quizPHost liveL

Questions 90

Answers

1
The AP aging report can help you stay on top of you business cause of it list what is one
what you owe and when it is/was due
bills that have been paid
historical data related to a particular vendor
purchases by vendor
2
entered the wrong company address. How would you fix this error?
In the Account and settings window
on invoice double click the company address correct it there
you can’t change the company address make a new QBO
3
You need to enter an expense using your debit card. What account do you put in the field
Debit Card
Checking
select the brand of debit card from the drop down list
Credit Card
4
if you record Bills in QBO, you should use the Pay Bills screen to record the Bill payments
True
False
5
If you don’t want the home page to display sensitive information what can be done about it?
go to the Company menu and turn on “Privacy Mode”
go to the Manage Users screen and set a user to view the
navigate to the Reports window and change the reports
turn on Privacy Mode from the Home page
6
What Are QBOS Browser limitations
all users must access QuickBooks from the same browser type
you can’t use QuickBooks on Chrome or Safari
none of the above
QuickBooks can only be run from a PC based system
7
Which transaction does NOT affect the customer’s balance?
Credit Memo
Estimate
Invoice
Customer Payment
8
What QBO Sales form would you use when you received a payment from a customer already invoiced
receive payment
estimate
invoice
sales receipt
9
received 2 P of $500 How do you recording these payments, so your Bank R ONE deposit of $1,000.
record customer 2’s payment and deposit the money to UF
record customer 1’s payment and deposit the money to UF
click Receive Payment next to customer 2
10
What information does QuickBooks NOT ask when you create a new QuickBooks Online account.
the start date
the company address
the owner’s name
the industry
11
Steps to record hours step 3
enter the customer information, the service you did
click the + icon
click Customer Discount
12
Change Account settings
Search BAR
Gear Icon
Help icon
Create Icon
13
Record hours step 4
save the transaction
click Credit Memo
14
You entered a check in QBO to record the purchase of OE.you realize this was a credit card P
change the amount of the check to zero
change the check number to “Credit”
delete the check
void the check
15
Can you delete or make inactive something on a list if it has a balance
yes QuickBooks will display a list of choices on how
yes QuickBooks will delete any list with a transaction
no you cannot delete a list item that has a balance
16
you can have as many Reports Only and Time-tracking Only Users as you want
False
True
17
Your employer wants to see profit in department A seperate from Department B.
set up a QuickBooks subscription for each department
there isn’t a way to do this in QuickBooks
set up each department as a sub customer
turn on classes and set up each department as its own class
18
Which section of the Balance Sheet shows your Accounts Receivable balance?
Assets
Equity
Liabilities
this account does not appear on the Balance Sheet
19
What is a good place to look for an App in OBO that can automatically enter sales
click the Gear Icon, then click “Find Integrated Apps”
QBO does not integrate with other software this not possible
the Apps tab in QuickBooks
iTunes, Android Market, or Google Play
20
received 2 P of $500 How do you recording these payments, so your Bank R ONE deposit of $1,000.
record customer 2’s payment and deposit
customer 1’s payment and deposit the money to Undeposited F
click Receive Payment next to customer 1
21
You suspect that someone is making changes in QuickBooks. List the steps to see who did this
click the gear icon and then click Audit Log
click the create icon and then click the Transaction List
22
You accidentally invoice someone 10 hours not of 6 Put the steps to record the hours step 1
click Adjust Sales
enter the customer information,
click the + icon
save the transaction
23
Why would you recommend that the company start using Sales Forms instead? of journal entries
you can email or print the sale for the customer
the sale will show up on sales reports
all of the above are true
you can run reports that show sales by product or service
24
First Step of Customizing an invoice
at the bottom of the invoice, click “Edit”
click the Gear Icon
open an invoice
select Custom Form Styles
25
You want to be able a run a custom report without customizing it again how do you do this
when finished customizing, click the “Create New
to run the report, click the Reports tab
click on the name of the report to run it
26
Select the statement that is TRUE about using the QuickBooks app on a mobile device:
all of the above
the mobile app uses built in functionality of your device
you can NOT DO all the functions of QBO on the mobile app
there is a QBO app for Android and Apple (IOS) devices
27
True or False? The name field is optional on invoices and bills.
True
False
28
Put the following steps in the correct order for purchasing stock using a purchase order
click the Global Create button, then select Vendor Credi
click the Vendor button, then select Purchase Order
click the Global Create button, then select Bill
29
Where should you begin the process of importing lists from Excel into QuickBooks
Quick Create button
Gear Icon
none of the above
Import Menu
30
You Can remove an account from the chart of accounts
True
False
31
How do you find the company settings in QuickBooks?
gear icon
New Company menu
quick create icon
none of the above
32
What do you use Terms for in QuickBooks?
to determine when a customer’s invoice is due
to determine when a project should be completed
to create invoices on a set schedule
to set up an agreement between you and your customer
33
received 2 P of $500 How do you recording these payments, so your Bank R ONE deposit of $1,000.
The Plus icon and select BD, then Click both P from L and S
Close and save
add both together to make one deposit
34
Your vendor decides to become a customer. You need to add them to your customer list. How ?
just add them to the Customer List
rightclick the vendor name and select “Enable Customer Mode”
create a new customer, but spell the name differently
35
How do you backup and keep QuickBooks up to date between users?
it happens automatically in the cloud
None of the above
run a monthly backup
create a sync users file
36
Which QuickBooks Sales form would you use when your customer paid you at the time of sale?
sales receipt
invoice
delayed charge
receive payment
37
How do you access the account and settings window
access by the Gear Icon and then click Account and Settings
Just click create icon
in the chart of accounts
38
True or False ? does QBO automatically create the Chart Of accounts
True
False
39
the 1st step for entering a vendor credit and using it to pay the bill in correct order:
click the Create button and select Vendor Credit
click the Create button and select Pay Bills
click the Create button and select Enter Bill
40
Create Transaction
Search Icon
Gear Icon
Create Icon
Help Icon
41
What are two options for categorizing sales and expenses in different locations and departments
Options and Other
Classes and Locations
none of the above
Assets and Liabilities
42
Which of the following is a major section of the Balance Sheet?
Equity
all of the above
Assets
Liabilities
43
Which transaction CANNOT be made recurring?
deposit
check
general journal entry
bill
44
Put the 3 steps to record this purchase in the correct order:
in the account field select the Credit Card account
record how much you charged and what you purchased
click the Create button and select Expense
45
The second step for entering a vendor credit and using it to pay the bill in correct order
click the Create button and select Check
click the Create button and select Enter Bill
click the Create button and select Pay Bills
click the Create button and select Card Credit
46
Your accountant is upset that change are being made to last years numbers How can you stop this
select Seal Company Data from the Advanced section
set a Closing Date in the Advanced section in company seting
you cannot change numbers from a previous year
start a new company at the beginning of each year
47
You need to find an expense, but all you can remember is the amount. How do you find it ?
The audit log go through the transactions and find it
press the search icon and search for the exact amount
Open New expense form and find the transaction
press Ctrl and F to search for the amount
48
Which section of the Balance Sheet shows your Accounts Payable balance?
Liabilities
Assets
Equity
Chart Of accounts
49
Steps to record hours step 2
enter the customer information, the service you used
click Credit Memo
save the transaction
click Adjust Sales
50
Which of the following statements is true regarding Products and Services?
products and services do not affect account balances
you can’t have more than 25 products or services
products and services are used on Sales Forms only
you sell a product the value flows to the account you select
51
What feature of QuickBooks allows you to set how long a customer has to pay an invoice?
Date Due
Pay Dates
Terms
None of the above
52
Put the 3 steps to record this purchase in the correct order:
record how much you charged and what you purchased
click the Create button and select Expense
click the Create button and select Credit Card Charge
53
Which of the following IS a list in QuickBooks online?
Items
Other Names
Classes
Subcontractors
54
If you make a customer with an unpaid balance inactive, what happens to the open balance?
you cannot inactivate a customer that has a balance
the balance is transferred to the inactive customers account
QBO creates a JE to write off the balance as Bad Debt
none of the above
55
You want to be able a run a custom report without customizing it again how do you do this
when finished customizing, click “Save Customization
name the report and click Save
run the R click the R tab and Click the A W you told QBO S
56
How can you see a list of keyboard shortcuts in Quickbooks Online?
press the Gear Icon, then click “Keyboard Shortcuts
hold down Ctrl, Alt, and ? at the same time
since it’s online, you can’t use keyboard shortcuts
press the F1 key
57
Which of the following could explain why a Profit & Loss shows a profit, but the banks same
the Profit & Loss was run on the Fund Basis
this is not possible if there is a profit there will be cash
the Profit & Loss was run on the Item Profitability
Profit & Loss was run on the Accrual Basis not Cash Basis
58
you work on several different projects. How do you keep the sales and expenses for each project
select the “Track Separately” checkbox on the invoices
you cannot do this in QuickBooks
use different income and expense accounts for each job
59
received 2 P of $500 How do you recording these payments, so your Bank R ONE deposit of $1,000.
record customer 2’s payment and deposit the money to UF
click Receive Payment next to customer 2
60
The steps to record a sale step 2
click Sales Receipt
Save transaction
enter the sale information
click Receive Payment
61
Put the 3 steps to record this purchase in the correct order:
enter the word “Credit Card” as the check number
click the Create button and select Check
record how much you charged and what you purchased
62
received 2 P of $500 How do you recording these payments, so your Bank R ONE deposit of $1,000.
record customer 2’s payment and deposit the money to UF
click Receive Payment next to customer 2
63
What QBO Sales form would you use when you provide a service or product (add invoice later)
sales receipt
estimate
invoice
delayed charge
64
Second step to customize and invoice
click the Gear Icon
open an invoice
at the bottom of the invoice, click “Edit”
select Custom Form Styles
65
When should you use the Items Details window* on a bill, check, or expense?
all of the above
when you want to send someone a bill for items
to track sales tax
when you purchase stock
66
If you DON’T download bank transactions, how do you enter a lunch paid with the company card?
select expense
click Create Icon
fill out the form
use Debit Card as the payment method
67
You want to be able a run a custom report without customizing it again how do you do this
Create a new report
when finished customizing, click “Save Customization”
68
If you use QBO Plus, how do you charge a customer for expenses you incurred on a project?
enter expense enter the customer name selec the billable box
create an estimate for each for the expenses, and invoice
enter a delayed charge for each expense
create an invoice for each billable expense
69
what QBO Sale form would you use when you made a sale, but your customer still owes you payment
sales receipt
receive payment
estimate
invoice
70
To speed up the setup process, you can import certain lists into QuickBooks. What are they
Product & Services Recurring Transaction Customers & Vendors
Products & Services, Customers & Vendors, Transactions
Chart of Accounts, Employees, Memorized Reports, Classes
Chart of Accounts, Products & Services, Customers & Vendors
71
You paid an insurance premium online with an electronic funds transfer. How do you record this
Create select Expense fill expense EFT as payment method
click Create button > select Check > fill out the check
72
Which is NOT a good reason to enter a General Journal entry?
to avoid using the built-in forms
to enter depreciation
for accountants to correct errors
for year-end adjustments
73
You just bought something from a customer. How do you set up this customer as a vendor?
just add them to the Vendor List
rightclick the customer name and select “Enable Vendor Mode”
create a new vendor, but spell the name differently
74
you need to keep track of the sales rep with each sale. How do you track sales reps on sales F
enter each sales rep as vendor, and select them as vendors f
In Company Settings, and Sales category, make a field for SR
you can’t track sales reps
75
You want to be able a run a custom report without customizing it again how do you do this
name the report and click Save
to run the report, click the Reports tab
“WTPR” window, choose wat area of the RP you want to keep it
76
What do you use to navigate in QBO
List
Dashboard
Search Bar
NAV Bar
77
If you DON’T download bank transactions, how do you enter a lunch paid with the company card?
fill out the form
select expense
use Debit Card as the payment method
click Create Icon
78
Which section of the Balance Sheet shows your Sales balance?
Liabilities
Assets
Equity
this account does not appear on the Balance Sheet
79
Which section of the Balance Sheet shows your Capital Investment balance?
Equity
Liabilities
this account does not appear on the Balance Sheet
Assets
80
How do you hide all subaccounts on a report
click the Collapse button
click the Hide Details button
click the Customize Reports button, then Hide Subaccounts
click the Hide Subaccounts button
81
Which statement is false?
you can enter a Sales Receipt if the Customer field is empty
you cannot enter an Invoice if the Customer field is empty
you cannot enter a Bill if the Vendor field is empty
cannot enter a Sales Receipt if the Customer field is empty
82
Put the following steps in the correct order for purchasing stock using a purchase order
click the Vendor button, then select Purchase Order
click the Global Create button, then select Purchase Order
83
If you DON’T download bank transactions, how do you enter a lunch paid with the company card?
fill out the form
use Debit Card as the payment method
select expense
click Create Icon
84
Which QBO Sales form would you use if your customer isn’t sure if they want to buy anything
invoice
sales receipt
estimate
85
What tab help you find a app designed for a specific business function that also syncs with QBO
Other
Sync
Apps
Functions
86
Select the statement that is NOT true about using the QuickBooks App on a mobile device:
there is a QBO app for both Apple IOS and Android devices
the mobile app is free
can do same in the QBO Ap that yo can do in your regular QBO
the mobile app uses the phone’s camera to take pictures of R
87
If you DON’T download bank transactions, how do you enter a lunch paid with the company card?
click Create Icon
fill out the form
select expense
use Debit Card as the payment method
88
Steps to record sales step 1
click Invoice
click Sales Receipt
enter the sale information
click the create button
89
How to record a sale step 4
click Invoice
Save transaction
click the create button
click the create button
90
Steps to record a sale step 3
Save transaction
click Receive Payment
click Record a Sale
enter the sale information