QUICKBOOKS ONLINE - LATEST UPDATED Question :During the Advanced Se...

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QUICKBOOKS ONLINE

QUESTIONS AND ANSWER S

LATEST UPDATED

Question :During the Advanced Setup, you can turn on

and off which features in the EasyStep Interview?

• Sales taxes
• Inventory
• Progress Invoicing
• All of the above

Correct answer:ALL of the above

Question :During the Advanced Setup, you can set up a

password for which of the following users during the EasyStep Interview?

• Administrator
• External Accountant
• You cannot setup passwords during the EasyStep

interview

• All users

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Correct answer:administrator

Question :When setting up a new company through the

Advanced Setup, some company information is optional and some is absolutely required. Which of the following pieces of information does QuickBooks require you to enter during the EasyStep Interview?

• Company name
• Company password
• Tax ID
• All of the above

Correct answer:company name

Question :How do you set up multiple businesses in

QuickBooks (assuming each business files a separate tax return)?

• Purchase a separate QuickBooks license for each

company you need to set up.

• Use the Advanced Setup to go through the EasyStep

interview for the oldest

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• Use the Advanced Setup to go through the EasyStep

interview for each company

• Use the Advanced Setup to go through the EasyStep

Interview for the largest company first, and then choose File > Add a separate business at the end of the interview. to create a separate company file.

Correct answer:Use the Advanced Setup to go through the

EasyStep interview for each company

Question :During the Advanced Setup, how do you setup

a new account that is not on the default list of accounts during the EasyStep Interview?

• 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.

• Click Add new account in the EasyStep Interview.
• Click Edit Account during the EasyStep Interview.
• Select Import My Chart of Accounts during the

EasyStep Interview.

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Correct answer: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.

Question :You've been hired by a company that started in

• They've never used QuickBooks. During the

Advanced Setup, what "Start Date" should you use in the EasyStep Interview?

• There is no Start Date in the EasyStep Interview.
• The date the company bought QuickBooks.
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• The date you want to begin tracking the company's

finances in QuickBooks.

Correct answer:The date you want to begin tracking the

company's finances in QuickBooks.

Question :How do you restore a company file from a

backup copy?

• Choose File > Back Up. Then click the Restore from

Backup button.