We strongly recommend preparing for the official QuickBooks Certified User exam, before making the $150 investment. Here are some sample questions that may help you stay sharp!
NOTE: if you are an employer looking to purchase a test for a future hire/candidate, go here to purchase my 50-question testing kit
1 – What does the HOME icon do in the Desktop Version of QuickBooks?
- Once completed QuickBooks will create a company file on the cloud that only people with the correct username and password will be able to access
- The Interview Questions can always be retrieved later in the future to change the settings
- The Interview Questions can never again be retrieved for the same company file, but the preferences can be changed in the Edit, Preferences menu and Company, Company Information menu
- Neither the Interview questions nor the preferences can be changed once the company file is set
- None of the above
2 – Estimates and Purchase orders are known as:
- Posting Transactions – affect accounting results
- Non-Posting Transactions – Do not affect accounting results
- Pending Transactions – affecting accounts receivable and accounts Payable only
- Non-Deductible Transactions – these are not deductible from taxes based on special IRS rules
- Non of the above
3 – If you click on the Home icon, the following will happen:
- QuickBooks will send a signal to your GPS with directions back to your house
- It will take you to the homepage of your favorite website, such as google.com
- It will close the company file and take you to the initial Open Company File menu
- It will show the Home Screen with all the workflow icons and keep the other windows open in the background
- Non of the Above
4 – The Chart of Accounts
- It is a graphical illustration of how all the accounts affect each other in the accounting
- Is a Chart of all the values and trends of each of your bank accounts
- Is a list of all “accounting” accounts such as income, expenses, assets, liabilities, and equity. Where you can create new ones and edit existing ones
- It is the place where all the bank accounts are reconciled
- None of the Above
5 – What is a Sub-Account and what is it used for?
- It’s an account of less value as non-subaccounts and it shows which accounts have the most value
- It’s used for savings accounts and non-subaccounts are used for checking accounts
- It is an account within another account (or belonging to a parent account) used to represent higher level of detail of a parent account. Sub-Accounts can be collapsed or expanded in reports.
- It is a non-posting account used to input all non-posting transactions
- None of the Above
6 – What are some of the different types of items?
- Income and Expense items
- Itemized deduction and Standard Deduction
- Items for sale and items non-for-sale
- Inventory, Non-Inventory, Service, and Other charges
- Depreciable, Non-Depreciable, Taxable, and Non Taxable
7- Where or How are items used in QuickBooks?
- They are used to reconcile bank accounts
- They are used to count how many transactions are in the system
- They are used in transactions such as invoices or bills to track type of product or service being sold or purchased.
- They are used only to track inventory items being sold.
- They are not used in QuickBooks at all unless you turn on the items functionality
Please go to out FREE QUICKBOOKS EXAM page to test your skills in our web-based quiz.
