Quickbooks
The ___________ report gives information of what jobs an employee or contractor worked on
Time by name
The default markup percentage is entered in the ___________ Company Prefrences
Time;expense
Time is recorded on a __________________
Timesheet
The _______________ shows you the accounting behind the scenes of any transaction
Transaction Journal
The ______________ report shows the balance of each account in Debit and Credit format for a specific date
Trial Balance
____________ Items can be used on both expense and sales forms
Two-sided
When a payment is recorded, the ________________ account is increased
Undeposited fund
________________________ resets the beginning balance to the previous period but does not make changes to the bank service charges or the interest income from the previous period.
Undo previous reconciliation
If a customer underpays and invoice you can either leave the unpaid balance as an underpayment or ______________ the extra amount
Write off
_______________ information is the mount an employee has been paid or collected from the employee's paycheck for each payroll item so far in the current year
Year-to-date
The Difference in the Reconciliation window should be _________ when you click the Reconcile Now button
Zero
To adjust expense accounts with items, create a _______________
Zero-dollar check
To include pass-throughs on an invoice, click the ____________ button.
add time/cost
The ________________ report shows all vendor transactions, including both cast and credit vendors
list by vendor
Each of your employees should fill out a _________
w-4
If you are entering payroll information mid-year you will need to enter the _____________ payroll information
year-to-date
Quickbooks Pro and Premier uses the _____________ Inventory method when calculating the value of current inventory
Average Cost
You should create a ______________ when receiving merchandise before receiving the bill
Item Receipt
The __________________ displays your company's items and their price
Item price list
_______________ tracks vendor transactions by appropriate customer or job
Job Costing
Customers can have multiple _____________ that help differentiate the income and expenses associated with separate projects
Jobs
You can manually change the column width and format of a template in the ______________
Layout Designer
Payroll withholdings, company taxes, company contributions are called Payroll _______________
Liabilities
By clicking the _________________ button on the Begin Reconciliation window, you can choose to generate a discrepancy report, undo the last reconciliation, or restart a reconciliation
Locate Discrepancies
The ______________ is a percentage of the actual cost of an expense or an item that is added when passed on to the customer
Markup
QuickBooks ______________ existing transactions with similar downloaded transactions
Matches
To delete a memorized transaction, select the transaction in the ___________________ and select Delete Memorized Transactions
Memorized transaction list
You can ___________ two separate accounts of the same type into one account
Merge
Use the ______________ report to find gaps in the check number sequence
Missing Checks
___________________ items are used for products that are brought and/or sold but are not tracked as inventory
Non-inventory parts
Bounced checks are also referred to as ________________ transactions
Non-sufficient funds
A ___________ Purchase Order is a PO that has not received all of its items and is not closed
Open
The _________________________ Report displays customers with unpaid or partially paid invoices as well as the age of invoices
Open Invoice
You can set up an account's __________________ opening balance by entering it in the New Account window or creating a General Journal Entry
Opening Balance
To enter information about an owner for the first time, create a new name in the _______________ List
Other name
The _________________ account tracks the money the owner of a sole proprietorship puts into the company
Owners investment
To print payroll information for a particular paycheck without printing a check, create a _____________
Pay stub
The ___________ has three tabs, Pay Employees, Pay Liabilities, and File Forms
Payroll Center
Payroll taxes, 401k contributions, and medical insurance that have been deducted from a paycheck and due a vendor are called __________________
Payroll Liabilities
The ______________ report is used to track Payroll Liabilities by Payroll Item
Payroll Liability Balance
Use the _________________ to setup Payroll items
Payroll Setup Interview
The ______________ report displays the earnings, taxes and net pay of each employee
Payroll Summary
QuickBooks calculates the taxes taken out of each paycheck based on the ________________
Payroll Taxables
Quickbooks keeps a __________ inventory that records value on hand and tracks changes with sales and purchases
Perpetual
Always include a ______________ number on the invoice if a customer has supplied you with one, otherwise you may not receive their payment
Purchase Order
_____________ generates a detailed report when a report item is double clicked, and is represented visually by a magnifying glass with a Z in the center
Quickzoom
A customer has returned merchandise that has already been paid for. You can issue her a ____________
Refund
The _________________ generates a pie chart of the company's sales
Sales Graph
A ________________ increases Undeposited funds and an appropriate income amount
Sales Receipt
____________ Items are used on sales forms to calculate the amount of sales tax due on each sale
Sales Tax
Create a _______________ Report to see all sales transactions organized by customer
Sales by customer summary
The _____________ report shows sales tax collected by locality
Sales tax liability
Adding ____________ allows you to track an account in more detail
Subaccount
Creating __________ helps organize the item list by grouping similar items into categories that can be subtotaled in sales and graph reports
Subitems
The _____________ assigned on an invoice indicate when payment is due
Terms
A vendor allows you to pay using 2% 10 Net 30 terms. This means you are eligible for a discount if paid within _____ days
10
A record of the time spent by a single person performing a single service on a specific date is called a ______________
Activity
Only an _______________ can make changes to the Company Prefrences
Administrator
QuickBooks Certified _____________ are bookkeepers, accountants and consultants who certified to advise QuickBooks users.
Advisors
The final step to setting up a QuickBooks file is to ______________ the file
Backup
If an invoice becomes uncollectible, you will need to write it off as a _____________
Bad Debt
Asset, Liability, and Equity accounts are all listed on the _______________ report
Balance Sheet
Using ______________ decreases manual entry and increases accuracy
Bank Feeds
The _________________ field in the Begin Reconciliation window is calculated by Quickbooks and cannot be entered manually
Beginning Balance
When a vendor sends you an invoice, you are receiving a __________
Bill
Subtotal is and example of a _________________ because is uses the amounts of the lines above to calculate its amount
Calculating Item
A company with multiple profit centers could track the revenue and expenses for each using ____________
Classes
Transactions that have been checked through a reconciliation process are referred to as ____________ transactions
Cleared
The ____________ entry transfers net income into Retained Earnings or Owner's Equity account
Closing
You can lock a data file to block users from making transactions during a closed period by setting a _______________
Closing Date
Sales Tax __________ are classified for calculating and reporting sales tax and are assigned to each product or service item, as well as to each Customer
Codes
The _____________ report displays each customer name and phone number followed by their overdue invoices
Collections
________________ Preferences make global changes to you QuickBooks file, affecting all users
Company
_____________ are forms that reduce the amount due from customers
Credit Memos
Current assets divided by current liabilities equals the ____________
Current Ratio
_________________ allow you to record information on customers or vendors when default fields are not applicable
Custom Fields
The ___________ Report can be accessed from the Customer Center and displays unpaid customer invoices
Customer Open Balance
You should send a _____________ to customers whose payment is past due
Customer Statement
To save a customized report, click ___________ at the top of the report window
Customize report
____________________ Terms calculate the due date based on the day of the month
Date-Driven
When customizing a template, click the _____________ button in the Additional Customization window to have QuickBooks distribute fields on a template
Default
The ________________ creates a company file, sets up the default accounts based on industry type, and walks you through a step by step process of setting up a QuickBooks Prefrences
Detailed start
The _______________ report displays a list of employees and their contact information
Employee contact list
______________ = Assets - Liabilities
Equity
A ________________ allows you to debit one or more accounts and credit one or more accounts in a single window
General Journal Entry
By making an account ___________ you cause it to disappear from the Chart of Accounts list. It will only be displayed if the Include inactive box is checked
Inactive
The five main account types are Asset, Liability, Equity, ______________ and Expense
Income
You can see all of your unbilled and unpaid sales transactions in the __________________
Income Tracker
___________________ are items that are made up of multiple items, all of which are Service, Non-Inventory Parts, Inventory Parts, or Other Charge type items
Inventory costing items
The ____________ report displays the value of all inventory items as of a specific date
Inventory valuation summary
The __________________ displays name, address, and other contact information of the company's vendors
Vendor contact list
People and companies that you purchase products or services from are called ___________
Vendors
To remove the payment amount from a check without losing other check information such as check number, you can _________ the check
Void
You should print paychecks as _______________ checks
Voucher
The ___________ button on the Reconciliation window closes but doesn't reset the cleared transactions in the window
leave
Click the __________ icon in the Chart of Accounts window to remove any sorting
diamond
To quickly see the original bill from the Pay Bills window, select the bill and click the __________ button
go to bill
When QuickBooks is run in networked office, make sure you are in ______________ mode to allow multiple users to access the file
multi-user
Sales Orders and Estimates are examples of _____________ entries, because no accounting entry is made
non-posting
You should generate a ______________ Report to see how much of each item is sold over a given date range
sales by item