Quickbook:

1. Complete this sentence. You can create your own unique fields for customers and venders by

A. Clicking Lists>Define Fields and entering a new list option

B. Clicking the Additional Info tab on a customer or vendor and the Define Fields

C. Clicking Customize on the report you need to see the data on and then checking the column you want to see in the Columns section

D. Clicking the drop down arrow in a field on the customer or vendors record and selecting Add New

2. Which option is a valid reason to export a report to Excel?

A. You can't save reports in QuickBooks so you have to export them to Excel if you want to run them again later

B. once a report is in Excel you can perform calculations and apply more filters than you can in QuickBooks ???

C. If you want to email a report you have to export it to Excel First

D. You cannot change the size of the fonts or numbers in QuickBooks. You can only change those values by exporting it to Excel and changing them there.

3.How can you change the default settings for all of your reports?

A. Open a report and click Customized. Make the changes you want to appear on the report and when QB asks if you want to make that change to all future reports answer yes

B. Click Reports>Preferences. Make changes to your defaults in the window that opens

C. Click Edit>Settings and chose Reports and Graphs from the list of option to the left. Then click the Company Preferences tab and click the Defaults button

D. Click Edit>Preferences and choose Reports and Graphs from the options of the left. Then click the Company Preferences tab and click the Format button

4.

Your company tracks Accounts Payable and you just received a credit from a vendor. How do you record the vendor credit in QB

A. Click Refunds & Credits on the home page

B.Click Enter Bills and then click Credit on the top of the bill

C. Enter a Journal Entry

D. In the Pay Bills window, select Refunds and Credits

5. what form would you use to record an invoice you received form subcontractor whom you owe for work they completed

bill

invoice

credit memo

accounts payable

6.

How do you enter opening balances into a new company file during the set-up process?

A. There isnt a way to do this during setup. An accounting professional can use Journal Entries and transactions to create opening balances later

B.Use the Detailed Start(not the Express Start) and enter the balances in the Enter Opening Balances Wizard.

C.Use the Express Start (not the Detailed Start) and enter the balances in the Enter Opening Balance Wizard

D. After you select Create Company File select Yes next to Would you like to enter opening balances?