Question 1 of 35

Which of the following is available only in Intuit QuickBooks Desktop Accountant and Enterprise?

AInvoices

BCondense data

CSales Order tracking

DQuickBooks Statement Writer

Question 2 of 35

Which of the following best describes the purpose of maintenance releases?

AThey cannot be shared on a network

BThey are released once a year to add new features and product enhancements

CThe price of a maintenance release varies based upon the problems that are fixed

DThey are created for such needs as patches, payroll tables, and mid-year legislation

Question 3 of 35

A client wants QuickBooks to run with multiple users with different permission levels. Which of these products might you recommend?

AAny subscription level of QuickBooks Online

BQuickBooks Self-Employed, QuickBooks Online Essentials and Plus

CQuickBooks Self-Employed and any subscription level of QuickBooks Online

DQuickBooks Desktop Pro, Premier, Mac, QuickBooks Online Essentials and Plus

Question 4 of 35

When working with clients who use QuickBooks Desktop Premier Contractor, which version of QuickBooks would allow you to toggle to see the same user interface as the client?

AQuickBooks Desktop Accountant

BQuickBooks Desktop Pro

CQuickBooks Desktop Premier

DQuickBooks Online

Question 5 of 35

Which of these QuickBooks Desktop products feature the Working Trial Balance?

AQuickBooks Desktop Accountant

BQuickBooks Desktop Pro

CQuickBooks Desktop Premier

DQuickBooks Online

Question 6 of 35

Your client has been using QuickBooks Desktop Pro but is considering making some changes in their business workflow. Which of these changes would necessitate a move up to QuickBooks Desktop Premier?

AMileage tracking

BInventory tracking

CMultiple currencies

DMultiple units of measure

Question 9 of 35

Your clients computer monitor is best suited to using the Top placed Icon Bar in QuickBooks. What preference setting will permit your client to assign a light color for the background of the Top Icon Bar?

AGeneral, My Preferences, Switch to colored icons/light background on the Top Icon Bar

BDesktop View, My Preferences, Switch to colored icons/light background on the Top Icon Bar

CGeneral, Company Preferences, Switch to colored icons/light background on the Top Icon Bar

DDesktop View, Company Preferences, Switch to colored icons/light background on the Top Icon Bar

Question 10 of 35

How do you turn on account numbers for the chart of accounts?

AEnter them during the EasyStep Interview

BTurn on the General preference titled "Use account numbers"

CTurn on the Accounting preference titled "Use account numbers"

DAccount numbers are automatically turned on; you do not need to do anything

Question 12 of 35

Which of the following is a characteristic of Account Types in QuickBooks?

AYou can create additional account types in the Chart of Accounts

BYou can rearrange accounts of similar type in the Chart of Accounts

CYou must create Equity type accounts at the beginning of the new file process

DYou can change the name of an account type (eg "Equity" type accounts can be renamed "Capital" type accounts)

Question 13 of 35

Which of the following accounts can be changed to another account type when editing an existing general ledger account?

APayroll Liability

BPrepaid Expenses

CSales Tax Payable

DUndeposited Funds

Question 14 of 35

Which of the following functions do items perform?

ACreate a customized chart of accounts

BTrack the gain/loss on the sale of fixed assets

CLink a customer to a specific Accounts Receivable account

DHandle the behind-the-scenes accounting for sales and purchases

Question 17 of 35

Which type of item would you set up to hide details of line items on a printed invoice?

AGroup

BService

CInventory Part

DNon-inventory Part

Question 20 of 35

A client manufactures swimming pool covers from labor and materials. Which type of item should be used to track the sales of the covers?

AService

BInventory Part

CNon-inventory Part

DInventory Assembly

Question 21 of 35

Which of the following best describes a client who might use the single unit of measure mode?

AA manufacturer that assembles each bicycle

BA consultant who bills by the hour and the day

CA retail store that buys ribbon by the spool and sells by the foot

DA manufacturer that produces olive oil and sells by the gallon, case, and bottle

Question 22 of 35

What is true about setting a closing date and password in QuickBooks Desktop?

AIt zeroes out all profit & loss accounts for periods up to and including the closing date

BIt prevents all users from reviewing transactions up to and including the closing date unless they enter the password

CIt prevents changes, entries, and deletions to all entries up to the closing date unless the user enters the closing date password

DIt condenses all entries up to and including the closing date; the password is the Admin user's password, which is required to accept this irreversible option

Question 23 of 35

Which of the following is the BEST use of the class feature?

ARetail operation: To track activity for each location

BTravel agency: To track revenue for commission calculations

CLandscaping company: To track total paid to specific vendors

DConstruction company: To track profitability from a specific project for a large customer

Question 24 of 35

Which of the following is a good use of Customer Type?

ANonprofit: To track the types of donors

BGraphic arts: To track the types of work performed

CConstruction: To track the types of services provided by subcontractors

DAccounting firms: To track the profit and loss for specific services provided

Question 25 of 35

A client started operations on 1/1/2019. In 2020, they purchased a networked computer system. They are implementing QuickBooks for the year ending 12/31/2021. With this information, what would be the best Start Date that requires the least amount of work, but still provides accurate detailed financials for the year ending 12/31/2021?

A01/01/2019

B12/31/2019

C01/01/2020

D12/31/2020

Question 28 of 35

During the EasyStep Interview, QuickBooks asks for the last bank statement balance before the Start Date. Which of these actions can be followed to record the book balance?

AEnter a Reconciliation Discrepancy adjustment to record the book balance

BNo action is necessary because the bank balance always equals the book balance

CEnter outstanding checks and deposits with the original transaction dates using the Opening Balance Equity account

DEnter outstanding checks and deposits in the bank account register using the Suspense account or the appropriate expense account

Question 31 of 35

Your client's accounting records are not complete until you enter the transactions between the start date and the current date. If you choose to enter individual transactions, what is the last step in the process?

AEntering bank deposits

BEntering payroll transactions

CReviewing accounts payable activity

DReconciling bank and credit card accounts

Question 33 of 35

Which of the following functions does the Layout Designer allow?

AResize data fields on a form

BCustomize columns on timesheets

CSpecify a default template by customer

DSpecify a default template by customer type

Question 34 of 35

Which of the following users have the most permissions in common with the Administrator?

ACo-Administrator

BExternal Accountant

CUsers with Sensitive Accounting permissions

DUsers with Checking and Credit Card permissions