A company wants to track the sales rep associated with each invoice, but want the sales rep's name to appear on the emailed, printed invoice they dont want the customer to see the sales rep" How could this be done in Ouickbooks? Open the invoice and click the Formatting tab. Then click Layout add a checkmark i the on screen" checkbox for REP. but leave the "Print tor customer  checkbox blank. Open the invoice and click the Formatting tab. click Customize Data and add a checkmark in the screen' checkbox for REP. but leave the "Print  checkbox blank. From the Customer List double-click the customer and assign a sales rep to them, Then uncheck the print on invoice" checkbox. This is not possible. Which statement best describes an Accountants Copy? 

A version of QuickBooks Premier that is only sold to Certified *public Accountants. A special copy of a company file that can be sent to an accountant 50 they can enter/edit transactions without disturbing the normal use of the company file. A special copy of a company file that only contains transactions over a specified period of time. A read-only that allow any changes but an accountant can add to the file 

Which form templates can be customized in Quickbooks?

Deposit

Invoice

Check

Bill

Which statement about setting up users is true?

You MUST purchase a new license for every user in Quickbooks

There are four types of users: Admin, External Accountant, Custom User, Reports Only

The company must be in multi-user mode to create new users

When setting up a user you must decide between giving them access to all area of Quickbooks selected areas of Quickbooks or making them an External Accountant

Which transaction can NOT be memorized in Quickbooks? Bill Payments

Journal Entries

Invoices

Deposits

Which report is also known as a statement of position and summarize assets, liabilities and equity? Profit and loss Standard

Balance Sheet standard

Cash Flow Forecast

Net Worth Summary

Which option describes the act of comparing a bank/credit statement to the transactions in Quickbooks and identifying/fixing differences? Balancing an account

Entering a closing date

Reconciling

Sending an Accountants Copy

Identify the sections of a Profit and Loss Statement

Income, COGS, and Expenses

Income, COGS, and Equity

Earnings, Revenue and Expenses

Assets, Liabilities and equity

What is a key benefit of setting a closing date?

Closing dates help to preserve historical data from previous accounting periods

Setting a closing date moves Net Income into Retained earnings so that each year will have its own Net Income on the Profit and Loss and Balance Sheet

Without closing dates you wouldnt be able to use Quickbooks to file taxes

Setting a closing date keeps the company file from becoming to large

Which feature of QuickBooks allows you to track the actions of different users within a company file? Closing Dates

Reconciliation Discrepancy Report

Activity Log

Audit Trail

Which statement is false regarding General Journal Entries? General Journal Entries require a good understanding of debts and credits and should not be used by non accountants.

Enter a General Journal Entry when youre not sure which form to use.

Accountants can use General journal Entries to enter year end adjustments

Accountants can use General Journal Entries to enter depreciation