True False True False 4. When you pass on billable time to a customer, you select the cost for the time on the Expenses tab of the Choose Billable Time and Costs window 5. QuickBooks allows users to track outstanding estimates using a True False non-posting account. True False 6. Unearned income refers to the funds being held in the Undeposited Funds account. True False True False 7. When you receive funds for a gift certificate, you hold them in an Other Current Liability account. 8. In QuickBooks, you can use the mileage tracking feature to track mileage to be reimbursed to employees for the use of their own cars. 9. The most common way to bill customers for finance charges is to create and send separate invoices. True False 10. Which report do you produce to find your most profitable job for a specific period of time? A. Job Profitability Detail B. Job Estimates vs. Actuals Summary C. Time by Job Summary D. Job Profitability Summary 11. What is NOT a step when conducting job costing in QuickBooks? A. Enter all job revenues and expenses. B. Create an estimate for the job. C. Use QuickBooks reports to analyze job data. D. Set up your data in the Customers & Jobs List. 12. To enter mileage for a vehicle in QuickBooks, you first: A. enter the current IRS mileage rate B. add the vehicle in the Vehicle List C. create a new non-inventory item in the Item List D. None of these options 13. What is NOT something you need to set up to track customer deposits in QuickBooks? A. Inventory-part item B. Other Current Liability account C. Other charge item D. Payment item QuickBook Dock