QuickBooks Online Review- 1

What is the Undeposited Funds account in QuickBooks?

• An account used to record unpaid invoices.

• An account used to remove bounced checks.

• An account used to record payments you've made that have not been deposited yet.

• An account used to record payments before you make a deposit.

Which type of data is not imported into QuickBooks when importing data?

• Vendors

• Customers

• Data that does not match the format of a field

• Employees

To Create a Customer which menu do you click on?

• Settings (gear icon at top right)

• The Navigation Bar (on the left side)

• The Global Create (plus sign at top right)

Once the easy step interview is completed or you have completed the sign of new company file, how do you change company information such as business name, address, or phone number?

• Select customer information from the menu

• Delete the company and re-enter it

• You can't change it once you've gone through the interview

• Select company information from the menu

QuickBooks Online creates a default Chart of Accounts base on:

• what state you are in

• the business type selected during setup

• how long you have been in business

• none of these options

Which of the following CANNOT be entered during the setup of a new company?

• Company name and address

• Chart of accounts

• Trial balance, open balance

• Checking account statement balance

Where in the app does one go to add a user?

• Settings - Manage Users

• Create - User

• Create - New User

• Settings - Add User

You can upload your company logo into QuickBooks Online from the:

• Navigation Bar

• Company Setting

• Create Icon

• None of these options

You're setting up a new customer and the customer's invoices should be due 30 days after they are issued. How do you do that?

• Set the customer's terms to Net30

• Set the due date on the next invoice you enter for the customer. After that, QuickBooks will remember

• You have to set this on each invoice you enter for the customer

• Select the checkbox next to due in 30 days

To get to List Management which menu do you click on?

• Settings (gear icon at top right)

• Navigation Bar (left side of screen)

• Global Create (the plus sign at top right)