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    QuickBooks Assessment Once you have completed the assessment, please email it back to us for review at etr@etrdirect.com. Don't forget to include your name and phone number so we can contact you.
Indicate whether the statement is true or false. _____ 1. In order to preserve your accounting information, you should always enter data directly into the “.QBB” file instead of the “.QBW file”. __ _____ 2. You can setup QuickBooks to perform backups on a regular schedule. ____ _____ 3. When you use items on a form (for example, on an invoice) the accounts in the Chart of Accounts are affected. ____ _____ 4. Income and Expense accounts are used to create the Balance Sheet report. ____ _____ 5. QuickBooks does not allow for cash basis accounting. ___ _____ 6. When you enter information into forms, QuickBooks handles the debits and credits automatically. ___ _____ 7. QuickBooks can be used by both for-profit companies and not-for-profit organizations. ___ _____ 8. Total assets always equal the total liabilities. ____ _____ 9. The Home Page displays customer balances, customer general information, and all transactions for a customer. ____ _____ 10. It is a good idea to regularly update QuickBooks by downloading and installing the patches made available by Intuit. 11. How much experience with the QuickBooks program do you have? ___ 1 12. Which year and type of program are you using? ___ 13. Are you able to change the sales tax rate from 5% to 6%? ___ 14. If you purchased a new leather chair for the office, where would you post it in QuickBooks? ___ 15. Do you understand COGS? If so, please give an example of one of your COGS for your business. 16. What is the difference between Cash & Accrual based accounting? ___ 17. Are you able to customize your invoice statements with your company logo? ____ 18. What is the first step to entering the transactions made with your company credit card? ____ 19. What is the difference between Customers and Jobs? _____ 20. Where in your chart of accounts are the payroll taxes that are withheld from the employee paychecks automatically
21. Are you able to reconcile your bank accounts in QuickBooks? _______ 22. Do you know how to filter your reports to get specific data? ____________________________________ 23. Do you know how and why “class tracking” could be used in your business? Please give an example of how class 24. Do you know how to merge 2 separate vendors into just one? _____________ 25. Please list any specific topics you want to cover or have questions about ____________ ______________ ____________ Completion Complete each statement 26. ___________________________ = Assets – Liabilities 27. The five main account types are Asset, Liability, Equity, _________________________, and Expense. 28. Asset, Liability and Equity accounts are listed on the _________________________________ report. 29. A company with multiple profit centers could track the revenue and expenses for each using center by using _______________________ tracking. 30. To begin using a QuickBooks backup file, you first need to _________________________ the file. 31. A summary of all transactions in all accounts is called the _____________________________ (hint G/L) 32. The QuickBooks ________________________ edition has several industry-specific editions such as for Contractors and Retailers. 33. You can open the Home Page, Customer Center or Vendor Center through the _______________________ Bar. Please copy this page, paste into Word and then fill it out on the computer and email it back to janet@etrdirect.com. We will call you once we receive it and we can discuss your options. Thanks! Janet Stiffler
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