QuickBooks Set Up And Customization Quiz

10 Questions | Total Attempts: 677

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QuickBooks Set Up And Customization Quiz

After your have finalized your tutorial, take this small quiz to test your knowledge,


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Questions and Answers
  • 1. 
    During the EasyStep Interview, QuickBooks creates income and expense accountsbased on your company’s
    • A. 

      Industry

    • B. 

      Accounts receivable

    • C. 

      Income for the last fiscal year

    • D. 

      All the above

    • E. 

      None of the above

  • 2. 
    When setting up a company file in QuickBooks, what does the Start Date signify?
    • A. 

      The date when your company was created

    • B. 

      Both C and D

    • C. 

      The first date of the company’s fiscal year

    • D. 

      The date the company purchased QuickBooks

    • E. 

      The date from which you will be entering transactions in QuickBooks

  • 3. 
    In QuickBooks, linking income and expense accounts with tax lines does which ofthe following?
    • A. 

      Helps keep your company profitable

    • B. 

      Helps in preparing income taxes

    • C. 

      Helps keep track of sales taxes you owe

    • D. 

      Both B and C

    • E. 

      None of the above

  • 4. 
    Which of the following forms and windows could potentially be populated withinformation from the Vendor list?
    • A. 

      Purchase Orders

    • B. 

      Standing balances

    • C. 

      Bills

    • D. 

      Write Checks

    • E. 

      All the above

  • 5. 
    Which of the following activities cannot be accessed from the Customers & Jobs listin the Customer Center
    • A. 

      Create statements

    • B. 

      Assess finance charges

    • C. 

      Enter credit card charges

    • D. 

      Receive payments

    • E. 

      View customer balances

  • 6. 
    On which tab of the Edit Customer window would you enter a customer’s paymentterms (for example, Net 30 Days)?
    • A. 

      Address info

    • B. 

      Additional Info

    • C. 

      Payment Info

    • D. 

      Job info

    • E. 

      All the above

  • 7. 
    • A. 

      Set up each location as separate customer

    • B. 

      Set up 3 separate jobs under one customer

    • C. 

      Enter all jobs under the same customer

    • D. 

      Define a custom field to track each job

    • E. 

      None of the above

  • 8. 
    Products you sell would normally appear under which of the lists below
    • A. 

      Vendor list

    • B. 

      Employee List

    • C. 

      Chart of accounts

    • D. 

      Item list

    • E. 

      Inventory

  • 9. 
    A sub contractor is regarded as a
    • A. 

      Customer

    • B. 

      Vendor

    • C. 

      Employee

    • D. 

      Item

    • E. 

      None of the above

  • 10. 
    When setting up quickbooks you are required to use which company name
    • A. 

      Legal Company name

    • B. 

      DBA name

    • C. 

      Name of the propriator

    • D. 

      Any name is Ok because you can change it later

    • E. 

      All the above