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The QuickBooks Chart of Accounts is very customizable. You can start with a standard Chart of Accounts that the QuickBooks wizard will help you set up. However, this does not mean you have to leave the chart of accounts as is. The chart of accounts should be modified to meet the needs of your business. How can the answer be improved?
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Want to learn new facts and trivia about quickbooks? Satisfy your hunger for knowledge with some awesome quickbooks quizzes? Test yourself and share these quickbooks quizzes to find out who the real tech-wizard is! You can prepare for your next test, keep yourself updated or get insights into creating awesome questions with these quickbooks quizzes.
Made up of well-researched and interesting quiz questions, each and every quickbooks quiz here can test your awareness. With detailed feedback, you can learn something new about quickbooks with every question you attempt. So take the ultimate quickbooks quiz and check if you're the master of quickbooks.
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QuickBooks Questions & Answers
What does the term Double entry accounting mean?
There are always at least two accounts involved in every financial transaction
Which menu would you access to create a new company budget?![Quickbooks online nonprofit chart of accounts Quickbooks online nonprofit chart of accounts](http://stacyk.net/wp-content/uploads/2016/12/Chart-of-Accounts-2016-12-08-19-37-25.png)
Go chart of accounts and open Company menu dy choosing company information
What is the Balance Sheet? A snapshot or picture of how your business looks at a certain time
What are the two ways when QuickBooks use Account Type?To determine which financial statement the account appears on, and how QuickBooks uses the account
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After your have finalized your tutorial, take this small quiz to test your knowledge,
- During the EasyStep Interview, QuickBooks creates income and expense accountsbased on your company’s
QuickBooks is a software for accounting that is marketed and developed by Intuit. The products are goods oriented mainly towards small and medium-sized operations. Those points made, take a quiz and learn more about QuickBook.
- QuickBooks is an accounting software package developed by?
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- From the following list, select the QuickBooks Menu Bar command under which you would find the“Customer Center” command.
Accounting Basics for QuickBooksProficiency Test
- What does the term 'Double entry accounting' mean?
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- What is the default period for which the Expenses graph on the Home page displays information?
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- 1. What is the name of the feature in QuickBooks Pro that simplifies the company file creation process,so that you can get started using QuickBooks Pro more quickly?
In addition to checking company settings, you should review your client’s Chart of Accounts to make sure it looks the way you want. In the client QuickBooks Online company, click the Accountant Tools button and choose Chart of Accounts to display the Chart of Accounts page.
You also can open the Chart of Accounts from the Navigation bar (under Transactions) and from Gear menu on the QBOA toolbar. All roads lead to Rome.
If you chose to enable the option to use account numbers while you were reviewing company settings, the Chart of Accounts page displays a column for account numbers at the left edge of the Chart of Accounts page and the Batch Edit button in the upper right corner.
Editing or adding accounts
You might need to edit an account to change an account’s Category Type or its name, and you use the Account window to make the change.
If you decide to add account numbers to the Chart of Accounts, you can add an account number in the Account window, but there’s a much easier way, which you discover below.
![Online Online](/uploads/1/2/5/5/125538407/463703698.png)
To display the Account window, click the down arrow in the Action column at the right side of the account and, from the menu that appears, click Edit.
Or, if you need to create a new account, click the New button above the list. The window you see when creating a new account looks just like the one you see when you edit an existing account.
If you double-click an Asset, Liability, or Equity account, QBO displays the account’s register (except Retained Earnings, which displays a report). If you double-click an Income or Expense account, QBO displays a QuickReport for the account. You also can click the Register and Report links in the Action column to display a register or a report.
Adding account numbers
There is an easy way to add account numbers to a QBO company Chart of Accounts. First, make sure you enable the setting on the Advanced tab of the Settings dialog box (in the Chart of Accounts section).
Then, on the Chart of Accounts page, click the Batch Edit button (the one that looks like a pencil on the right side of the table above the table headings) to display this page.
Type account numbers in the Number column. Save buttons appear at the top- and bottom-right corners of the page; click either button after you finish entering the account numbers.
Because a QBOA session times out by default after 60 minutes of non-use, you might want to save periodically as you enter account numbers.
After you enter account numbers, you can sort the Chart of Accounts in account number order by clicking Number in the column headings on the Chart of Accounts page.
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