Set up & Maintenance Flashcards
When setting up a new QuickBooks account, which of the following is TRUE about the Chart of Accounts?
It is possible to add more accounts after starting a new company.
You just set up a new QuickBooks company and your employer needs you to create a Chart of Accounts. Which of the following is TRUE?
A Chart of Accounts is created when a company is first set up, however you can add more accounts after the startup process.
You’re setting up a new QuickBooks account for a business that just hired you. The company has a list of accounts with opening balances (e.g. loan, vehicles, etc.). Where do you enter these balances when setting up the QuickBooks account?
You can enter opening balances when setting up new Balance Sheet type accounts
You’d like to change the company address in Account and Settings screen. What’s the first step to open the Account and Settings?
Click the [SETTINGS] icon on the home page
Your employer asks you to update their business contact info. How can you access and change this information?
Click the [SETTINGS] icon and select Account and Settings. Then select the Contact Information section.
What does “Privacy mode” on the home page do?
It turns off the ability to add additional users.
You’re working in QuickBooks at a coffee shop for a few hours and don’t want to share all of your company’s financial details with everyone there. How can you fix this?
Click the Privacy mode switch on the Dashboard to prevent sensitive financial information from being displayed in this window.
You need to set up a new user so they can see reports and nothing else. Put the steps for setting up a user (who can only see reports) in the correct order.
Click the Gear icon and choose Manage Users.n the Manage Users screen, click “New”. Choose User Type “Reports Only” and click Next.Click the Enter the user’s email address and click Next.
What are three areas where you can find and do everything you need?
New+ (to create new transactions), [SETTINGS] (for settings, lists and activities you don’t do often), and the navigation bar on the left (to work in specific functional areas, e.g. customers or reports)
Which of the following is NOT a type of user when setting up a new use
DIRECTOR
Which lists can you import from Excel into QuickBooks Online?
Locations, Classes, Products and Services, and Vendors
You’re setting up QuickBooks Online for a company that already has information in Excel. What can you import into QuickBooks from Excel?
Transactions from this fiscal year only, certain lists (customers, vendors, products and services, and the Chart of Accounts), and opening balances.
