Fresh Quickbook Interview Questions & Answers:

1. When would you enter a journal entry?
a. to correct errors (if you have a strong accounting background)
b. for year-end adjustments
c. to enter depreciation
d. all of the above?

d

2. What is equity?
a. What you own in the business
b. Assets minus (-) liabilities
c. What you owe to others in the business
d. Assets plus (+) liabilities

b. Assets minus (-) liabilities

3. What options (tabs) do you have to change a report when you click Modify Report?
a. Display
b. Filters
c. Header/Footer and Fonts & Numbers
d. All of the above

d. All of the above

4. When reconciling your bank account in QuickBooks, what must the beginning balance match?
a. The beginning balance should always equal the net amount of all uncleared bank transactions.
b. It should always match the opening balance on the paper bank statement.
c. It should always match the original account opening balance when the account was created.
d. The beginning balance should always be zero.

b. It should always match the opening balance on the paper bank statement.

5. How do you edit a collections letter?
a. You can't edit the default collection letters. You must create your own template from scratch.
b. You must click Subaccount of when you set up the new account. If you fail to mark the account as a subaccount during setup, you cannot make it a subaccount at a later time.
c. Choose Company > Prepare Letters with Envelopes > Customize Letter Templates.
d. When QuickBooks opens the letter in Word, click the Edit Template button at the top of the QuickBooks letter.

c. Choose Company > Prepare Letters with Envelopes > Customize Letter Templates.

6. You notice that multiple accounts should actually be subaccounts. How can you quickly make these accounts subaccounts of another account?

a. Click on the diamond to the left of the account, drag it below the appropriate parent account, and release the mouse button. Then click on the diamond again, drag it to the right, and release the mouse button.
b. Click on an account to select it. Then click the Lists menu and select Chart of Accounts > Make subaccount.
c. You must click Subaccount of when you set up the new account. If you fail to mark the account as a subaccount during setup, you cannot make it a subaccount at a later time.
d. To make a subaccount, right-click on the account and choose Make subaccount.

a. Click on the diamond to the left of the account, drag it below the appropriate parent account, and release the mouse button. Then click on the diamond again, drag it to the right, and release the mouse button.

7. How do you customize QuickBooks by changing the color scheme and adding or removing icons from the Home page?
a. You cannot change the color scheme of QuickBooks.
b. Click Change the look of QuickBooks on the Home page.
c. Right-click on an icon on the Home page to remove it or replace it. Right-click on the Home page in a blank space to change the color scheme.
d. Choose Edit > Preferences > Desktop View.

d. Choose Edit > Preferences > Desktop View.

8. Suppose you customized an invoice in QuickBooks. You really like how it looks and want your estimates to look similar. How do you do this?
a. You cannot duplicate the look and feel of one form to another in QuickBooks.
b. Choose Lists > Templates. Select the form you want to duplicate. Then click the Templates button and select Duplicate. Then select the type of template you want to create with the same look, in this case, estimate.
c. Choose Customers > Create Estimate > Duplicate form. You then select the type of template you want to duplicate, in this case, estimate.
d. Open the customized invoice and click the Duplicate button. You then select the type of template you want to duplicate, in this case, estimate.

b. Choose Lists > Templates. Select the form you want to duplicate. Then click the Templates button and select Duplicate. Then select the type of template you want to create with the same look, in this case, estimate.

9. Which of these functions can only be performed by the Administrator?
a. Merge entries on lists
b. Add new users and change their access privileges
c. Memorize custom reports
d. Back up the data file

b. Add new users and change their access privileges

10. You notice that when you print an invoice, the information in a field is cut off (that is, it doesn't fit). How can you fix this?
a. Use the Layout Designer to make the field wider.
b. Use a different Invoice template.
c. This can't happen in QuickBooks, as field sizes are automatically adjusted to fit whatever you type.
d. Send the invoice to Word and use that form instead.

a. Use the Layout Designer to make the field wider.