Question: Questions about quickbooks, please help me! I need help desperately! Which of the following is NOT true about Intuits payroll service? A The service will

Questions about quickbooks, please help me! I need help desperately!

Which of the following is NOT true about Intuits payroll service?

A The service will track employee sick and vacation time.

B It will calculate hours worked, wages and year-to-date totals for all employees.

C The service will track the companys payroll tax liabilities but will not automatically file tax payments.

D Employee net pay amounts can be automatically direct deposited to their accounts.

Which QuickBooks report shows you exactly how much youve invoiced on a job sorted by customer?

A Accounts receivable aging summary

B Estimates & Progress Invoicing Summary by Customer

C Sales Performance

D Balance Sheet

Your company needs a quick infusion of cash. You decide to put $10,000 of your own money into the business checking account. On QuickBooks Bank Deposit page, you select Checking in the Account field and enter the date. What do you do next?

A In the Add Funds to this Deposit section, choose Owner in the Received From column, and choose Checking from the drop-down list in the Account column.

B In the Add Funds to this Deposit section, skip the Received From column, and choose Owners Draw from the drop-down list in the Account column.

C In the Add Funds to this Deposit section, skip the Received From column, and choose Owners Equity from the drop-down list in the Account column.

D In the Add Funds to this Deposit section, choose Owner in the Received From column, and choose Cash from the drop-down list in the Account column.

Which windows are the most common transaction types youll use to add costs to a project?

A Expense and Bill

B Invoice and Expenditure

C Net and Gross

D Time and Entries

Which of the following statements about converting a sub-customer to a project in QuickBooks is true?

A Once a sub-customer is converted to a project, the process is not reversible.

B A project can be converted to a sub-customer but not the other way around.

C Financial information will remain with the sub-customer while transaction information will convert to the project format.

D QuickBooks recommends using sub-customers rather than projects to track transactions.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!