Quick Books Pro 2008, Finance And Accounting

Question: How should sales tax liabilities be adjusted in QuickBooks?
A
Click the Adjust button in the Pay Sales Tax window to enter the adjustment before creating the checks.

B
Use sales orders that affect the Sales Tax Payable account.

C
Show the adjustments in the detail section of the sales tax payment check.

D
Create sales tax items with negative rates for special adjustments.

Note: Not available
1. Report
Question: Which of the following resources can be used to find manual changes of reconciled status in bank account entries?
A
Audit trail report

B
Transaction history report

C
Find feature

Note: Not available
1. Report
Question: For which of the following reports can you use the Financial Statement Designer to filter account balances by Customer: Job?
A
Balance sheet standard

B
Income statement

C
Statement of cash flows

D
All of these

Note: Not available
1. Report
Question: Which of the following reports can be used to find checks in numeric order?
A
Cash disbursement journal report

B
Missing checks report

C
Transaction journal report

Note: Not available
1. Report
Question: After setup, which report should be run to verify the accounts receivable details as on the opening date?
A
Open invoices

B
Profit and loss

C
Sales by customer summary

D
Deposit details

Note: Not available
1. Report
Question: If a client miscalculated a fixed tax (like Medicare), how would you correct this discrepancy in After-the-Fact Payroll?
A
Adjust Federal Withholding

B
Adjust Social Security

C
Adjust Net Pay

Note: Not available
1. Report
Question: Which of the following questions should be asked to determine whether QuickBooks is the right software for a client?
A
How many items, vendors, and customers does the company track?

B
Does the company require an inventory method other than the average cost method such as FIFO or LIFO?

C
How many people should be able to access the company data file simultaneously?

D
All of these

Note: Not available
1. Report
Question: Which of the following is a step involved in setting up QuickBooks to track 1099 information?
A
Turn on the Tax: 1099 preference

B
Link 1099 categories to QuickBooks accounts

C
Designate which vendors should receive 1099s

D
All of these

Note: Answer not sure
1. Report
Question: The Sales Department has asked for your help to do an analysis. They want to see what specific customers are buying. What would be the best starting point?
A
Customer Aging

B
Profit & Loss Detail by Month

C
Sales by Customer Detail

D
Deposit Details

Note: Answer not sure
1. Report
Question: Which edition will not support a client's need to combine financial reports from different locations?
A
QuickBooks Enterprise Solutions: Retail Edition

B
QuickBooks Enterprise Solutions: Professional Services Edition

C
QuickBooks Enterprise Solutions: Accountant Edition

D
QuickBooks: Premier Accountant Edition

Note: Answer not sure
1. Report

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Question: How should sales tax liabilities be adjusted in QuickBooks?

Question: Which of the following resources can be used to find manual changes of reconciled status in bank account entries?

Question: For which of the following reports can you use the Financial Statement Designer to filter account balances by Customer: Job?

Question: Which of the following reports can be used to find checks in numeric order?

Question: After setup, which report should be run to verify the accounts receivable details as on the opening date?

Question: If a client miscalculated a fixed tax (like Medicare), how would you correct this discrepancy in After-the-Fact Payroll?

Question: Which of the following questions should be asked to determine whether QuickBooks is the right software for a client?

Question: Which of the following is a step involved in setting up QuickBooks to track 1099 information?

Question: The Sales Department has asked for your help to do an analysis. They want to see what specific customers are buying. What would be the best starting point?

Question: Which edition will not support a client's need to combine financial reports from different locations?