Question

1. Which action is not possible to perform from the Report Center?

1. see a preview of what the report will look like.
2. run reports contributed by other users and by intuit.
3. Search for reports.
4. Delete standard reports from QuickBooks.

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

1. You can’t save reports in QuickBooks so you have to export them to Excel if you want to run them again later.
2. Once a report is in Excel you can perform calculations and apply more filters than you can in QuickBooks.
3. If you want to email a report you have to export it to Excel first.
4. You cannot change the size of fonts or numbers in QuickBooks. You can only change those values by exporting it to Excel and changing them there.

3. Which element on an invoice can you NOT customize?

1. Adding your company unique logo.
2. Which fields appear on the screen when someone creates an invoice.
3. Which fields appear on the printed invoice.
4. The amount of information you type in each field.

4. What effect does an invoice have on you QuickBooks?

1. Invoices increase accounts receivable and usually increase income.
2. Invoices decrease accounts receivable and usually increase income.
3. Invoices increase accounts payable and usually increase expenses.
4. Invoices decrease accounts payable and usually decrease expenses.

5. Which term in NOT a type of item?

1. Discount
2. Expense
3. Other charge
4. Group

6. 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?

1. In the Preferred vendor field, enter the vendor that you’ll eventually use on the purchase order, check or bill.
2. Mark the item as billable
3. Check this service is used in assemblies or is performed by a subcontractor or partner and then choose an expense account to associate with the item.
4. You don’t need to do anything. All service items can be purchase orders, checks and bills without any special actions.

7. Which term describes the accounting basis used on financial statements that doesn’t include Accounts Payable and Accounts Receivable?

1. Cash
2. Expense
3. Revenue
4. Non-inventory

Answer 1

Answers:

1. Option B is Correct

(Run reports contributed by other users and by intuit is not possible to perform from a report center)

2. Option B is correct

Once a report is in Excel you can perform calculations and apply more filters tahn you ca in Quickbooks

3. Option A is correct

Adding your company unique logo.

4. Option A is correct

Invoices increases account receivable and usually increase income.

5. Option D is correct

Group is not a type of Item

6.Option B is correct

Mark the item as billable.

7. Option B is correct

Expense doesn't include in Account payable and account receivable bu included in Financial Statement.