16.

Which of the following might you do for a client who has never reconciled the checking account?

A. Reconcile each month in reverse order with the newest bank statement first.

B. Make the bank account inactive and add a new account with the correct balance.

C. Compare the audit trail to amounts in the Reconcile window to check for possible errors.

D. Reconcile as of the last day of the last fiscal year, treating the entire history of the bank account to that point as one big statement.

17.

Which report provides line-by-line detail of a clients deposits?

A. Check Detail

B. Deposit Detail

C. Missing Checks

D. Deposit Summary

18.

What report would you run if the beginning balance in QuickBooks didn't match the beginning balance on a statement for an account you wished to reconcile?

A. Check Detail

B. Deposit Detail

C. Missing Checks

D. Reconciliation Discrepancy

19.

Where do you turn on the preference for Progress Invoicing?

A. Edit > Preferences > Jobs & Estimates

B. Edit > Preferences > Sales & Customers

C. Edit > Preferences > Purchases & Vendors

D. Progress Invoicing is always on and there is no preference

20.

Where can you find all the job costing reports in one place?

A. Reports > Jobs costing

B. Reports > Customers & Jobs

C. Reports > Company & Financial

D. Reports > Jobs, Time & Mileage

21.

If you want to be able to compare estimated cost against actual costs including labor for Customers or Jobs, what information do you need on the Timesheet?

A. Service Items and Customer:Job

B. Payroll Items and Customer:Job

C. Service Items and Payroll Items

D. Service Items, Payroll Items, and Customer:Job

22.

A CPA runs a payroll service statewide, and many of his payroll clients use QuickBooks Desktop Pro. His clients require a full service payroll solution (i.e. the CPA handles everything and sends the client completed payroll checks), but some of his clients like to input their own hours and have the CPA handle the taxes only. Which Intuit payroll solution will allow him to service all of his clients and set the level of access in payroll for each client to remotely work on payroll, regardless of how they prefer to have their payroll handled?

A. Intuit Online Payroll

B. Intuit Full Service Payroll

C. Intuit Enhanced Payroll for Accountants

D. Intuit Online Payroll for Accounting Professionals

23.

Intuit Enhanced Payroll is ideal for the small business that wants to do which of the following?

A. Perform all their own payroll tasks in-house

B. Completely outsource payroll to a third party

C. Hire their accountant to perform all payroll tasks

D. Use QuickBooks Online Plus as their accounting platform

24.

Which is the best definition of Payroll Items?

A. They appear on the paycheck voucher automatically

B. They perform tax calculations independent of the tax tables

C. They are required to bill customers for the time spent on jobs

D. They are used to track increases or decreases to amounts on paychecks or for company expenses related to payroll

25.

Emailed pay stubs are password-protected. What password must employees enter to open their emailed pay stubs?

A. Their Social Security number

B. The first five letters of their last name and last five of their Social Security number

C. The first four letters of their last name and last four of their Social Security number

D. A customizable password that you create yourself when you send out the pay stubs

26.

You're about to start entering Year-To-Date Payroll information when setting up QuickBooks Payroll. You want to enter each employee's pay history in one place. Where do you begin this process?

A. Enter the Payroll Setup process and follow the steps to Year-To-Date Payrolls

B. Right-click on each Employee in the Employee Center and select Enter YTD Totals

C. Right-click on each Employee in the Employee Center and select Enter YTD Paychecks

D. Enter each paycheck using Write Check and select the account Opening Balance Payroll

27.

What is the suggested method for voiding and re-issuing a paycheck?

A. Make a journal entry to reverse the original paycheck. Then, issue a new paycheck using the current date.

B. Void the original paycheck using the QuickBooks "void" feature. Then, issue a new paycheck using the current date.

C. Reverse the original check using the QuickBooks "reversal" feature. Then, issue a new paycheck using the current date.

D. Void a new check with the same check number. Then, change the number of the original check to the new check number or print the check.

28.

Instead of using the Pay Scheduled Liabilities window, a client paid insurance deducted from paychecks by writing a regular check and listed the Insurance Liability account as the expense. How can you correct this mistake?

A. Use an adjusting journal entry.

B. Directly adjust the 941 and the W-2s.

C. Record an adjustment in Adjust Payroll Liabilities and select Do not affect accounts."

D. Record an adjustment in Adjust Payroll Liabilities and select "Affect liability and expense account balances."

29.

Which of the following situations is true regarding generating state and federal payroll tax returns when using Enhanced Payroll?

A. You cannot generate these returns from QuickBooks.

B. You can save these forms as a PDF or as an Excel spreadsheet.

C. You can run a Payroll Summary report and send it instead of the forms.

D. Before the form is submitted, it is automatically checked for errors, and you can drill down to the spot to fix them.

30. A client gives you a handwritten record of paychecks. You use the After-the-Fact Payroll window to enter them. You notice a discrepancy in Medicare tax between what the paper records and what appears in the After-the-Fact Payroll window. What would you adjust to correct the discrepancy?

A. Net pay amount

B. Medicare amount

C. Federal withholding

D. State disability insurance

31.

You would like to send a selection of payroll reports to your client that includes Employee Journals, YTD comparisons and more. What report option would produce these reports?

A. Employee journal reports

B. Client Ready Payroll Reports

C. Time by Job Summary Reports

D. Unpaid Payroll based on Hours Tracked

32.

Which QuickBooks report summarizes how much time your company spent on various jobs, with a list of the type of work performed for each customer or job?

A. Time by Job Detail

B. Time by Job Register

C. Time by Job Summary

D. Job Profitability Summary

33.

Which of the following allows you to group employees who have the same pay frequency?

A. Group Items

B. Payroll Items

C. Payroll Schedules

D. Employee Defaults

34.

What is the first step when setting up payroll?

A. Configure payroll taxes.

B. Enter employee information.

C. Enter YTD taxes, wages, deductions, and other totals.

D. Review the payroll options and choose the appropriate service for the client.

35.

What information do you need on hand before you can complete setting up payroll in QuickBooks?

A. Employee info and YTD tax payments only

B. Employee info and Company Tax ID numbers

C. Company tax ID numbers and YTD payroll figures only

D. Employee info, company tax ID numbers, and YTD payroll, liabilities, tax filing and tax payment info