1⟩ During the EasyStep Interview, you can set up a password for which of the following users? a. Administrator b. External Accountant c. You cannot setup passwords during the EasyStep interview d. All users
a. Administrator
Quickbook
Home Applications Programs Quickbook
“Quickbook frequently Asked Questions in various Quickbook job Interviews by interviewer. The set of questions here ensures that you offer a perfect answer posed to you. So get preparation for your new job hunting”
101 Quickbook Questions And Answers
2⟩ During the Easy-step Interview, you can turn on and off which features? a. Sales taxes b. Inventory c. Progress Invoicing d. All of the above
d. All of the above
3⟩ Explain the features of QuickBooks?
Intuit has integrated several web-based features into QuickBooks, including remote access capabilities, remote payroll assistance and outsourcing, electronic payment functions, online banking and reconciliation, mapping features through integration with Google Maps, marketing options through Google, and improved e-mail functionality through Microsoft Outlook and Outlook Express. For the 2008 version, the company has also added import from Excel spreadsheets, additional employee time tracking options, pre-authorization of electronic funds and new Help functions. In June 2007, Intuit announced that QuickBooks Enterprise Solutions would run on Linux servers, whereas previously it required a Windows server to run.
4⟩ What is QuickBooks?
QuickBooks is an accounting software package developed and marketed by Intuit.
5⟩ Which of the following is not a backup option in QuickBooks? a. Manually back up the file. b. Automatically back up the data file when closing QuickBooks. c. Schedule an unattended backup d. All of the above are QuickBooks backup options.
d. All of the above are QuickBooks backup options.
6⟩ If you choose to "Remove Transactions as of a specific date" from the "Clean Up Company Data" window, what does QuickBooks do? a. Removes all payroll transactions that occurred on that date. This is a great way to fix the mistakes a new person made on a particular day. b. Removes all transactions while leaving lists, preferences, and service subscriptions intact. c. Changes the company's start date. d. Deletes all transactions, as well as user passwords and access privileges.
b. Removes all transactions while leaving lists, preferences, and service subscriptions intact.
7⟩ How do you switch to Multi-User Mode? a. Choose Company > Set Up Users and Passwords > Set Up Users from the menu. b. Open the data file from a remote location. c. Choose Edit > Preferences > Multi-User from the menu. d. Choose File > Switch to Multi-user Mode from the menu.
d. Choose File > Switch to Multi-user Mode from the menu.
Explanation:
When the file is in Multi-User Mode, more than one user can access the file (but they must all be using the same version of QuickBooks). There are certain activities that can only be performed in single-user mode (QuickBooks will alert you when this is the case), but anyone can access the file in single-user mode.
8⟩ Why would you restore a data file from the backup file? a. You wish to review the company data as it stood at an earlier date. b. The company data file on your hard drive is damaged and cannot be used. c. Your computer crashed. You reloaded QuickBooks, and now you are ready to open the company file. d. All of the above.
d. All of the above.
9⟩ You've been hired by a company that started in 1911. They've never used QuickBooks. During the EasyStep Interview, what "Start Date" should you use? a. There is no Start Date in the EasyStep Interview. b. The date the company bought QuickBooks. c. 1911 d. The date you want to begin tracking the company's finances in QuickBooks.
d. The date you want to begin tracking the company's finances in QuickBooks.
10⟩ How do you restore a company file from a backup copy? a. Choose File > Back Up. Then click the Restore from Backup button. b. Choose File > Utilities > File Operations > Restore. c. Choose File > Open or Restore Company. Select Restore a backup copy and click Next. Choose Local or Online Backup and click Next. Select the file to restore and click Open. Choose where to restore the file to and click Save. d. Click the Restore icon on the Home page.
c. Choose File > Open or Restore Company. Select Restore a backup copy and click Next. Choose Local or Online Backup and click Next. Select the file to restore and click Open. Choose where to restore the file to and click Save.
11⟩ During the EasyStep Interview, how do you setup a new account that is not on the default list of accounts? a. You can't add accounts that are not on the QuickBooks default list. Finish the interview and add the accounts directly to the Chart of Accounts. b. Click Add new account in the EasyStep Interview. c. Click Edit Account during the EasyStep Interview. d. Select Import My Chart of Accounts during the EasyStep Interview.
a. You can't add accounts that are not on the QuickBooks default list. Finish the interview and add the accounts directly to the Chart of Accounts.
12⟩ How do you set up multiple businesses in QuickBooks (assuming each business files a separate tax return)? a. Purchase a separate QuickBooks license for each company you need to set up. b. Go through the EasyStep interview for the oldest company first, and then choose File > Add a separate business at the end of the interview. c. Go through the EasyStep interview for each company to create a separate company file. d. Go through the EasyStep Interview for the largest company first, and then choose File > Add a separate business at the end of the interview.
c. Go through the EasyStep interview for each company to create a separate company file.
13⟩ When setting up a new company through the EasyStep Interview, some company information is optional and some is absolutely required. Which of the following pieces of information does QuickBooks require you to enter? a. Company name b. Company password c. Tax ID d. All of the above
a. Company name
14⟩ You've just been hired by a bakery that sells delicious cup cakes. When they buy ingredients (flour, eggs, milk, and sugar), they use the Expense tab and assign the costs to a Cost of Goods Sold account. You need to set up an item for cakes. What item type should you use? a. Group b. Inventory Part c. Inventory Assembly d. Non-inventory Part
d. Non-inventory Part
15⟩ What account (on the Chart of Accounts) is affected when you sell an item? a. The account you selected when you set up the item. b. Other Income account. c. A default sales account set up by QuickBooks. d. Accounts are not affected by items
a. The account you selected when you set up the item.
16⟩ When would you enter a journal entry? a. To correct errors (if you have a strong accounting background) b. For year-end adjustments c. To enter depreciation d. All of the above
d. All of the above.
Explanation:
You should only use journal entries if you have a strong accounting background and truly understand debits and credits. Also, you should not use journal entries instead of the built-in forms and windows in QuickBooks. This can create unexpected results on reports.
17⟩ What item type should you use for inventory that you assemble from other items and then sell? a. Group b. Inventory Part c. Inventory Assembly d. Non-inventory Part
c. Inventory Assembly
18⟩ What are other benefits of using items? a. You can track the actual quantity of goods or services you sell. b. They can save you time by automatically entering a description and price on forms. c. They allow you to track a lot of detail without cluttering your Chart of Accounts. d. All of the above.
d. All of the above.
19⟩ Which of the following statements is true concerning items? a. You can use one item to represent different services or goods. b. Items allow you to track your sales in more detail without cluttering your Chart of Accounts or Profit & Loss. c. To create an invoice, you must use an item. d. All of the above.
d. All of the above.
20⟩ How does entering time for a job affect job cost reports? a. QuickBooks adds the cost of that employee's time to the job cost. b. QuickBooks adds the cost of that employee's "labor burden" to the job cost. c. A and B. d. None of the above.
d. None of the above.
