Select the steps to restore a company file from a backup.  From the Homepage select File Utilities> Rebuild Data. Then browse to the location of the backup and click Open From the Menu select File Utilities>Rebuild Data. Select Restore a backup copy. Click Next and follow the Steps. From the Menu select File Open or Restore Company Restore a backup copy. Click Next and follow the steps. From the Homepage select File Rebuild Data. Then browse to the Of the backup and click Open

How do you access the Product Information window to view the version and maintenance release of the QuickBooks installation you are using? Click the Help menu and select About Quickbooks >Product Information

Click Shift +? on your keyboard simultaneously 

Click the File and select Version Information

Press the F2 key

Which statement is true when using Quickbooks in Single User Mode? Multiple users can access the company file: however, only one transaction can be saved at a time

Only one user can work within each functional area.

Only one user can access the company file

Multiple users can access the company file. However, their activities are restricted

When setting up a new service item, which action will allow you to use that item on purchase forms, such as purchase orders, checks and bills?

Mark the item as Billable

Check this service is used in assembles or is performed by a subcontractor or partner and then choose an expense account to associate with the item

In the Preferred Vendor field, enter the vendor that youll eventually use on the purchase order, check or bill

You dont need to do anything. All service items can be used on purchase orders, checks and bills without any special actions

Which option is a type of item?

Expense 

Asset

Non-Inventory

Customer 

Which statement is true regarding items? You cannot use items on purchase items

Items must contain the Preferred Vendor you purchase the item from

You have to assign an income account and an expense account to every item

QuickBooks requires you to use items when recording a sale

You need to add money to an employees paycheck for bonus compensation. How do you do this?

On the paycheck, click the Expenses tab and enter the amount of the bonus in the Amount field

Setup a Bonus type payroll item which should be linked to a Liability Account. Then enter the bonus in the Earnings sections of the employees paycheck when running payroll

Setup a Bonus type payroll item which should be linked to a Expense Account. Then enter the bonus in the Earnings sections of the employees paycheck when running payroll

On the paycheck, check the Bonus checkbox and enter the amount of the bonus in the field provided.

Which option keeps track of when payroll needs to be run and which days are included in each pay period?

Payroll Cycle

Payroll Schedule

Timesheets

Payroll Wizard

Your new employee earns an hourly wage of $20. How do you enter this in to QuickBooks? In the New Employee window, enter Hourly Rate as an Earnings item and then enter $20 in the Hourly/Annual Pate field. On the paycheck click Expenses tab and enter the S20 in the Rate field then enter the number of hours they worked. From the Payroll Item List set up a Compensation type item with a name that includes the Employees initials (Or name) Then enter the amount they earn in the Hourly/ Annual Rate field. When entering their hours worked on the Time Sheet enter $20 in the Hourly Rate field then number of hours they worked. QuickBooks uses amount from appropriate timesheet when creating the paycheck. Its time to pay the companys Payroll Liabilities. What action would cause a problem in Quickbooks (i.e what should you not do)?

Run the Payroll Liabilities report

Use Write Checks (or check register) to record the payment

Select more than one liability to pay at a time from the Pay Taxes and Other Liabilities list in the Payroll Center

Pay liabilities earlier than 10 days before they are due