⟩ What options do you have after you create a credit memo in QuickBooks? a. Retain as an available credit b. Give a refund c. Apply to an invoice d. All of the above
d. All of the above
d. All of the above
What do you need to record in QuickBooks when a customer's check bounces (the customer had non-sufficient funds, NSF)? a. There is less money in the checking account. b. The customer owes you for the amount of the check (and optionally a bounced check fee). c. The NSF fee the bank charged you d. All of the above.
What report should you use to help you complete the state unemployment tax form? a. Payroll Summary b. Payroll Data Review c. Employee State Taxes Detail d. State Unemployment report
What form must you give to an employee? a. 1099 b. 1096 c. W-2 d. 1040
Which of the following is a way to access a report in QuickBooks? a. From the Reports menu b. From the Report Center c. By clicking Reports at the bottom of lists d. All of the above
What is the purpose of subaccounts? a. Track departments or locations efficiently b. Track finances in more detail by grouping accounts in a logical fashion and showing a subtotal for those accounts c. To show different Account Types together in one section of a report d. None of the above
How do you create a memorized group of reports? a. Click the Report Center icon. Then click the Create New Report Group button. b. Open the Memorized Report List and then click Memorized Report > New Group. c. Choose File > Reports > Memorized Reports > Create Group. d. Open the Group Reports List and then click Groups > New Group.
How do you display or print a batch/group of reports quickly? a. The only way is to create a memorized group of reports. b. Choose Reports > Process Multiple Reports. c. You can't do this in QuickBooks. d. On the Home Page, click Batch Reports.
What happens if you click Collapse on a report? a. QuickBooks minimizes the report on the Home Page. b. QuickBooks only shows data for the current month. c. QuickBooks hides Subaccounts and only shows Parent accounts. d. QuickBooks displays the report smaller so you can see other things on your screen.
If you set up and track Sales Tax in QuickBooks, which category of reports contains Sales Tax reports? a. Sales Reports b. Vendors and Payables c. Sales Tax d. Tax Liability
How do you move columns on a report? a. Click Modify Report, and in the Display tab under Columns, click the diamond to the left of the column and drag it to the desired position. b. You can't do this in QuickBooks. You have to export the report to Excel first. c. Click the diamond to the right of the column and drag it to the desired position. d. Move your cursor over the column heading, and when it becomes a hand, click and drag the column to the desired position.