Quickbooks Test 1

Front

What is the first step when you want to create a new company file?

Back

Click the File menu and select new company

Front

During the Advanced Setup, you can turn on and off which features in the EasyStep Interview? Sales tax, Inventory, Progress Invoicing, All of the above

Back

All of the above

Front

During the Advanced Setup, you can set up a password for which of the following users during the EasyStep Interview?
Options: administrator, external accountant, you cannot setup passwords during the easystep interview, all users

Back

administrator

Front

When setting up a new company through the Advanced Setup, which piece of information does QuickBooks require you to enter during the EasyStep Interview? Options: company name, company password, tax ID, all of the above

Back

company name

Front

How do you set up multiple businesses in QuickBooks (assuming each business files a separate tax return)?

Back

use the advanced setup to go through the easystep interview for each company

Front

During the Advanced Setup, how do you setup a new account that is not on the default list of accounts during the EasyStep Interview?

Back

you can't add accounts that are not on the QuickBooks default list. Finish the interview and add the accounts directly to the Chart of Accounts.

Front

During the Advanced Setup in QuickBooks, what "Start Date" should you use in the EasyStep Interview for a company that started in 1911?

Back

The date you want to begin tracking the company's finances in QuickBooks.

Front

How do you restore a company file from a backup copy?

Back

Choose File > Open or Restore Company. Select Restore a backup copy and click Next. Choose Local or Online Backup and click Next. Select the file to restore and click Open. Choose where to restore the file to and click Save.

Front

Which of the following is NOT a backup option in QuickBooks? Manually back up the file. Automatically back up the data file when closing QuickBooks. Schedule an unattended backup. All of the above are QuickBooks backup options.

Back

All of the above are QuickBooks backup options.

Front

Why would you restore a data file from the backup file?

Back

You wish to review the company data as it stood at an earlier date, the company data file on your hard drive is damaged and cannot be used, your computer crashed, and you reloaded QuickBooks, and now you are ready to open the company file.