Which customer information is displayed in drop down lists?

Which customer information is displayed in drop down lists?

Company Name

Company Number

Display name as

Abbreviated name

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Question 2

3 pts

If the customer list is exported to Excel, which of the following is not included?

Customer Name

Balance

Address

Payment terms

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Question 3

4.25 pts

The Batch actions available in the vendor screen are:

Print statements

Create statements

Email

All of the above

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Question 4

4.25 pts

When sorting vendors on the main vendor screen

Only active vendors can be sorted

Vendors can only be sorted by name

Vendors can be sorted by name and open balance

Vendors cannot be sorted

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Question 5

4.25 pts

On the main vendor screen

Inactive vendors cannot be displayed

Vendors are listed by name and phone number columns only

Vendors can only be sorted by name

Inactive vendors can be displayed by selecting the option

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Question 6

4.25 pts

The vendors screen differs from the customers screen in that:

The vendor screen has a button for preparing 1099’s

The vendor screen has sales information

The vendor screen displays a vendor balance column whereas the customer screen does not provide customer balances

All of the above

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Question 7

3 pts

The default Expense account associated with items set up for Purchasing is:

Sales of Product Income

Other costs

Cost of Goods Sold

None of the above

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Question 8

3 pts

To set up a product or service for Purchasing, which of the following are available fields?

Vendor name

Expense account

Taxable checkbox

All of the above

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Question 9

3 pts

When setting up a Product or Service, these items can be classified as:

Inventory items

Non-inventory items

Services

A and B above

All of the above

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Question 10

3 pts

To create a new Inventory Item, which fields are required?

Name

Initial Quantity on Hand

Inventory asset account

All of the above

Only A and B above

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Question 11

3 pts

To track inventory

Any version of QuickBooks Online will work

Inventory must be turned on in the Sales Settings page

Only QuickBooks Desktop can be used with inventory

All of the above

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Question 12

3 pts

James Paint Supply has expanded to another retail space across town. What is the best way for James to track the new store’s performance is:

To create a new company in QuickBooks Online

To create a new location from the Lists menu

James does not need to differentiate between the two stores

None of the above

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Question 13

3 pts

When tracking billable expenses and items as income, QuickBooks Online

Allows this but only in a single account

Does not allow tracking billable items as income

Allows billable expenses and items to be tracked in multiple accounts

None of the above

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Question 14

3 pts

James’ Paint Supply typically sells paint and paint products to customers. Many of James’ customers require special-order products that James purchase from his vendors. To better track these costs, James should:

Create a new item for the customer for each special order

Use billable expenses and items when he invoices the customer

Use billable expenses and items on his purchase order to the vendor

None of the above

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Question 15

3 pts

When changing the settings to make expenses and items billable by customer, QuickBooks Online automatically:

Charges sales tax

Has a default markup of 10%

Sets default payment terms of Due on Receipt

Sets default setting to track billable expenses and items as income

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