Question
1. How is the MEMO text box in bills, invoices, checks, etc. useful for report filtering and transaction research? 2. What are Classes in QuickBooks
1. How is the MEMO text box in bills, invoices, checks, etc. useful for report filtering and transaction research? 2. What are Classes in QuickBooks and how would you use them? 3. What challenges and/or issues can come across when using classes.. Specially on a balance sheet by Class? 4. What Report or Function allows you to view transactions that were changed, modified, or deleted after bank reconciliation has been done? 5. How would you fix a customer deposit that was entered as income straight into the register, but then you realized that the invoice belonging to that deposit to still shows an open balance? 6. What financial reports should you prepare at the end of the year in order to prepare for tax preparation or other types of financial reporting? 7. What is the difference between a Custom Summary Report and a Custom Transaction Detail Report? 8. In your own words, what does it mean to be an Advanced QuickBooks User? 9. What tools are available to figure out QuickBooks issues in other words where can you go for answers for questions on how to do certain things in QuickBooks? 10. What does it mean when you have negative Inventory? What can you to do troubleshoot inventory issues? 11. What is the purpose of using a Sales Order, instead of an Invoice? 12. You are setting up a QuickBooks file from scratch for a company that has been open for many years, how do you handle opening balances of assets and liabilities? How should you enter A/R or A/P opening balances? 13. What are the most important QuickBooks tips for a beginner and to speed up the work? 14. Why is QuickBooks used in such a different way by tax preparers versus a QuickBooks user doing bookkeeping / managing a business? 15. What are the most important accounting topics to learn and have in mind in order to understand the work being performed in QuickBooks?
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