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Question 2 1 of 3 5 If you want to be able to compare estimated cost against actual costs including labor for Customers or Jobs,
Question of
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
Question of
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 ie 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 Assisted Payroll
C Intuit Enhanced Payroll for Accountants
D Intuit Online Payroll for Accounting Professionals
Question of
Intuit Enhanced Payroll is ideal for the small business that wants to do which of the following?
A Perform all their own payroll tasks inhouse
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
Question of
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 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
Question of
Emailed pay stubs are passwordprotected. 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
Question of
You're about to start entering YearToDate 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 Payroll History
B Rightclick on each Employee in the Employee Center and select Enter YTD Totals
C Rightclick 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
Question of
What is the suggested method for voiding and reissuing 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.
Question of
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 and the Ws
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"
Question of
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
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