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 $12/31/2021?$

A$01/01/2019$

B$12/31/2019$

C$01/01/2020$

D$12/31/2020$

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