QB Questions kahoot/Quizizz
Identify the maximum number of name entries in all list combine.
14,500
Suppose you work for a pet store and have to track the name of each customer's pet. How would you do this in QuickBooks?
Add a Custom Field to the customer list
Which functions can only be performed by the QuickBooks administrator?
Add new users and change their access privileges
When you run a Profit & Loss on the accrual basis, what does QuickBooks include as income?
All sales
Which of the following editions of QuickBooks support multiple users?
All versions support multiple users
What is the Undeposited Funds accounts in QuickBooks?
An account used to record payments before you make a deposit
There are two primary financial statements that summarize the Chart of Accounts. Which of the following is one of these reports?
Balance Sheet
Which of the following form templates CANNOT be customized in QuickBooks?
Check
Which of the following is not an available Template type in QuickBooks?
Check
Which of the following transactions cannot be memorized?
Checks
When you set up a new Payroll Item using the EZ setup wizard, which is not a choice?
City/Local Taxes
Which feature allows you to separate income and expenses for each store?
Class tracking
Your company had to return some goods to a vendor. How do you record the vendor credit in QuickBooks?
Click Enter Bills and then click Credit on the top of the bill
Beg Bal field on Begin Reconciliation window does not match the beg bal on the bank statement,
Click Locate Discrepancies in the Begin Rec window.
How do you create customer statements which give an account history as of the statement date?
Click Statement icon in the Customer Center
How do you hide subaccounts on a report?
Click the Collapse button
How do you customize a report (e.g., change what information QuickBooks displays, change the title, etc.) ?
Click the Customize Report button on the report
How do you change the text in the Header/Footer of a report?
Click the Customize Report button on the report and then click the Header/Footer tab
Suppose you always want all reports to show with a specific font size and color. How do you set this standard or preference in QuickBooks so you don't have to customize each report?
Click the Edit menu and select Preferences. Then click the Reports & Graphs group to set your report preferences
How can you open a QuickBooks report in Microsoft Excel?
Click the Excel button on the top of any QuickBooks report
To use QuickBooks in the multi-user mode, each user must have the same version of QuickBooks on their computer to access the same company file
Click the File menu and select Utilities > Condense Data from the menu. Then choose the All transactions option
How do you display a group of reports?
Click the Reports menu and select Process Multiple Reports
Your company provides their employees with sick/vacation hours. You need to track how many hours watch employee currently has available, how many they earn/accrue, and you need to reduce their accrued hours when you pay them for sick or vacation time. How would you do this in QuickBooks?
Click the Sick/Vacation button in the employee setup to define how to accrue time and to tell QuickBooks how many hours the employee has available. Setup a sick/vacation wage item. Use the sick/vacation wage item to pay employees for sick/vacation time
How do you make a column on a report wider?
Click the diamond to the right of the column and drag it to the right.
To enter journal entries in the general journal?
Company Menu>>Make Journal Entries
The computer that houses your QuickBooks data could crash. What should you do in QuickBooks to make sure you always have access to your data?
Create a back up copy of your company file and store it separately from the computer
The bank notified you that a customer's check you deposited had bounced (the customer did not have sufficient funds to cover the check). What should you NOT do?
Delete the customer's payment from the deposit
You accidentally entered the same customer twice in the Customer Center (with a slightly different spelling). How do you merge these two entries?
Edit the unwanted list entry. Change the name to match the name you want to merge into. Click OK. Then Yes when prompted to merge the names
What report should you use to help you complete the state unemployment tax form?
Employee State Taxes Detail
Which payroll service allows you to print state tax forms?
Enhanced Payroll
Which of the following Payroll Services are available with QuickBooks?
Enhanced, basic and Assisted
How do you track accounts payable?
Enter Bills window >> Pay Bills window
What two steps do you follow to track accounts payable in QuickBooks?
Enter Bills, Pay Bills
What allows you to give a prospective customer a quote on what the job will cost?
Estimates
To create a backup copy, select the:
File Menu
To import data into QuickBooks,
File Menu>>Utilities>>Import
Payroll tax form reporting Soc Sec, Medicare, and Fed Income Tax is submitted quarterly on:
Form 941
Which payroll service should you use if you want Intuit QuickBooks to do everything?
Full Service (also known as Assisted)
Which of the following is NOT an Item Type?
Income
Under accrual accounting:
Income and expenses are recognized when transactions occur
When progress invoicing is turned in each of the following ways EXCEPT
Invoice for hours entered on time sheets
Which of the following is NOT a billing option when you prepare a progress invoice?
Invoice for hours entered on time sheets
List entries may be deleted Only when:
It has no balance, it has not been used, and is not linked to anything that has been used
Which statement is not true concerning items?
Items can be deleted at any time.
How would you add a new item to be used on QB forms?
List Menu, select item list, click Item button--select new
What type of user access can the administrator grant to employees
No Access, Full Access or Selective
Payroll service that does not require QuickBooks to be installed on your computer ?
Online
What is the quickest way in QuickBooks to find an invoice from six months ago?
Open an invoice and click the Find button
How do you make an item on the Item list inactive?
Open the Item list. Click to select the appropriate item. Then click the bottom-left Item button and select Make Item Inactive
Icon in the Employee section of the Home page should you use to pay the Payroll taxes?
Pay Liabilities
Identify QB versions (desktop versions are installed on your computer.)
Premier, Pro, Enterprise
How does entering time for a job affect job cost reports?
QuickBooks adds the cost of that employee's time to the job cost. QuickBooks adds the cost of that employee's "labor burden" to the job cost. Neither answer is correct
List Menu, select item list, click Item button--select new
Rename unwanted list entry to match item you want to keep
Print a graph which displays the company's net worth.
Reports>>Company& Financial
Which report enables you to determine how much time you've spent on a job?
Reports>>Jobs & Time
What can you do in the Report Center?
Run most reports in QuickBooks
What form is used when customer pays cash, check, debit card, or credit card at time of sale
Sales Receipts
Customizing a report allows you to do all of the following except?
Save the data in the report
Once you've completed the setup of a new company file, how do you change company information, such as business name, address, or phone number?
Select Company: My Company Information from the menu>Company Information
To begin processing your payroll:
Select Pay Employees from Employees section of Home page
How do you pay payroll liabilities in QuickBooks?
Select the payments you want to make from the Pay Scheduled Liabilities list in the Payroll Center. Then click View/Pay
You finished entering all the transactions for last year and just sent the file to the tax preparer. How do you ensure that no one accidentally deletes, edits or adds a transaction to last year?
Set a Closing Date and password in the Accounting Preferences or from the Company menu
To keep employees from changing accounting information in a prior period:
Set a closing date to close your books with password
Your company sells unique items to every customer (they never sell the same service or product twice). What item(s) should you set up in QuickBooks?
Set up a generic item and edit the description and price each time
What are the first two steps to set up payroll in QuickBooks?
Sign up for a payroll service; and complete the Payroll Setup Interview.
Why must you set deposit frequencies for the taxes or deductions your company has to pay (Payroll Liabilities)?
So that Payroll Liabilities show up in the Pay Scheduled Liabilities list in the Payroll Center.
Which of the following elements on an invoice can you NOT customize?
The amount of information (number of characters) you can type in each field
What is the best date to use for setting up your QB company file.
The day before you start entering data in QB
What happens to undeposited funds?
They sit in undeposited funds until you click make deposits
Which is Not a good reason to enter a general journal entry?
To avoid using the built-in forms
When would you use the Expenses tab on a payroll liability check?
To enter late fees/penalties or interest.
What is the purpose of using subaccounts?
To track financial information in more detail
Which of the following statements is true regarding single-user and multi-user mode?
To use QuickBooks in the multi-user mode, each user must have the same version of QuickBooks on their computer to access the same company file
Which of the following CANNOT be entered during the setup of a new company (Express Start or Advanced Setup) file?
Trial Balance opening balances
How can you ensure that invoice detail does NOT appear on a customer statement?
Uncheck the Show invoice item details on Statements box in the Create Statements window
An easy way to process Payroll for Employees on different Payroll schedules would be to:
Use the Payroll Schedule function in QuickBooks
How do you record a debit card transaction in QuickBooks?
Use the Write Checks window (or the check register) but type "Debit" in the check number field
Where would you look to see the amount owed to all vendors?
Vendor Balance Detail report
Your company just hired a subcontractor to work 40 hours per week on a job. Which lists should you add this person to?
Vendors
When printing paychecks, what is the preferred check style to give an employee a paystub?
Voucher
What form must you give to an employee?
W-2
When setting up a new employee, what is important about the Payroll Info tab?
Whatever you enter/see in this window affects each paycheck, unless you change the information on the paycheck itself.
When would you create an estimate in QuickBooks?
When a customer requests a bid, quote, or proposal
If you associate a service item with two accounts, how does QuickBooks know which account to use on a transaction?
When the item is on a sales form, QuickBooks uses the account under "Sales Information" in the item setup. When it's on a purchase form, it uses the account under "Purchase Information."
Which is an example of when to use a Non-inventory Part?
When you buy and sell the item but don't need to track quantity-on-hand information
How do items affect financial statements?
When you purchase or sell an item, the value of the purchase or sale flows to the account you selected when you set up the item.
Your company uses a DEBIT card for a purchase. How is the transaction entered in QB?
Write Checks window; type DEBIT in check number field
For each functional area of QuickBooks Pro and Premier (e.g., Sales & Accounts Receivable, Purchases & Accounts Payable, etc.), what levels of the access can you grant to users?
You can prohibit access, grant full access, or grant selective access. These levels apply to All transactions within that area
You sent a QuickBooks report to Excel and made some changes. How do you import the changes back to QuickBooks?
You can't import changes in Excel back to QuickBooks
How do you use Write Checks to pay Payroll Liabilities so your Payroll reports are accurate?
You can't.
When should you NEVER delete a check?
You printed a check, and the check number has been used.
When should you VOID instead of deleting a check?
You used the check number, but it will never be cashed
You should record a Sales Receipt when the customer pays:
by cash, check, or credit card at the time of sale
When should you enter a customer credit memo?
customer returns a product that was damaged
Identify the keyboard shortcut that provides the total of all name lists.
f2
A list entry can only be deleted when (?)
it is not linked to anything that has been used All of these are correct there is no balance it has not been used
Use Edit>Preferences>Reports & Graphs to change all of the following except . . .
new employees information
A bakery buys flour, eggs, etc. to make cakes. What item type should you use?
non-inventory part
An accountant's copy of the company file,
permits accountant to review file and make adjustments
