What form should you use when you buy something with a debit card? Write checks Credit Card

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Question:

What form should you use when you buy something with a debit card?

Write checks

Credit Card Charge

Debit Card charge

Bank withdrawal form

Choose the answer below that accurately completes this sentence: The Write Checks form is used?
...only when you pay someone with a physical check

…. anytime you pay for something if the money came from the bank account (e.g Debit Card or EFT) and doesn’t involve an open bill in Quickbooks

….. when you receive a check payment from a customer

….. when a vendor gives you a refund check

Which statement is false regarding vendor credit memos?

Vendor credit memos must be used when vendors refund you money.

Vendor credit memos reduce what you owe the vendor.

The vendor that issues you a vendor credit memo must be on your Vendors List

The day you choose to start recording the financial records in Quickbooks:

The date the company began operating

The date you installed Quickbooks

The date you created the company file

Which statement is false regarding vendor credit memos?
Vendor credit memos must be used when vendors refund you money

Vendor credit memos reduce what you owe the vendor

The vendor that issues you a vendor credit memo must be on your Vendors List

Vendor credit memos are entered in the same window as bills

Which statement describes how purchase orders help to organize your purchases and inventory receiving?
They track inventory you receive so you can monitor how much inventory you have on hand

They reduce your bank account balance by the amount of the purchase

Without purchase orders you wouldn’t be able to enter purchases.

They keep track of what you’ve received from your vendors versus what is non backorder and will be received later.

Your company has moved. How do you open My Company window to change the company’s address?

From the Menu select Preference > General> My Company

From the Menu select Preference> Company Preferences> My Company

From the Menu Select Company> My Company

From the Home Page select the My Company

Which statement about reports is true?
If you click Customize Report and make changes to a report every time you run the report later it will have those same changes.

You can change the default settings for reports through the Edit > Preferences menu

Every user has access to the same reports

All reports have the same customizations options.

Which option is a reason for setting up sub accounts on the Chart of Accounts?

When you run reports, you can “Collapse” sub accounts to make the report easier to read

You can choose which users have access to each sub account to limit what they can see on reports

Quickbooks only lets you have one income and one expense account so to get more detail on reports you have to make sub accounts to those accounts

You must create a different sub account for every product or service you sell

Which button lets you save your customizations on a report so you can more easily run the reports later?

Memorize

Save Customizations

Save for Later

View Report Later

Which three statements are correct related to credit memos?

Amounts issued on a credit memo can be issued a refund to the customer account

Amounts issued on a credit memo can be retained in the customer account and used to offset a future invoice

Amounts issued on a credit memo can be immediately applied to an open bill from a vendors exc

Credit memos always increase inventory balances

A company wants to track the sales rep associated with each invoice, but it doesn’t want to sales rep’s name to appear on the emailed/ printed invoice (i.e they want the customer to see the sales rep) how could this be done in Quickbooks?

Open the invoice and click the Formatting tab. Then click the Layout Designer and add a checkmark in the “Show on screen” checkbox for REP but leave the “Print for customer” checkbox blank

Open the invoice and click the Formatting tab. Then click the Customize Data and add a checkmark in the “Show on screen” checkbox for REP but leave the “Print for customer” checkbox blank

From the Customer List double click the customer and assign a sales rep to them. Then uncheck the “print on invoice” check box

This is not possible

You’ve been asked to move the name of a customer in the Customer Center from the top of the list to the bottom of the list. How do you do this WITHOUT renaming the customer?

Click to the right of the name then drag the name up or down the list.

Right-click on the then select Customer

Place your cursor to the right of the name until you see the icon and then drag the name up or down to the desired location.