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Exam 9: Creating a Company in Quickbooks

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Question 1

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The ______Setup is used to identify employee benefits.

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Question 2

Multiple Choice

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Select to display employee names by last name on the_____ .

A) Payroll & Employees Preferences
B) Employee List
C) Employee Center
D) Any of the above

E) None of the above
F) All of the above

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A

Question 3

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Select_____ Preferences to indicate the account to use to pay the payroll.

Once an employee is hired, you may not change the pay period from semi-monthly to monthly.

During the EasyStep Interview, you enter the opening balances for all expense accounts.

When adding an employee during the Payroll Setup, the federal and state withholding allowances must be the same.

The Customer:Job list is also known as the____

When all opening balances have been entered for a new company, the balances for revenues and expenses are placed into the__________and the ________ accounts.

Permanently removing the date prepared and time prepared from a balance sheet heading is done the first time you complete a balance sheet.

When using the EasyStep Interview to set up income and expenses, QuickBooks creates accounts that are typically used for your type of business.

You may add employees, customers, and vendors as part of the EasyStep Interview or you may add them in the appropriate center later.

You must select all preferences during the EasyStep Interview; any changes to the preferences selected must be made by redoing the Interview.

The________ password gives full access to all activities and information in QuickBooks Desktop.

The use of manual calculation of payroll is indicated in____ .

Adjusting entries that must be made after the company set up are _____.

Employee deductions for medical and dental insurance may be selected_____ .

Another name for the Chart of Accounts is the _______.

If the Chart of Accounts is created during the EasyStep Interview, Account names may still be changed after the Interview is finished.

The QuickBooks Payroll Setup is accessed to tell QuickBooks to use Manual Calculations for withholding taxes for employee paychecks.

To begin the company creation using the QuickBooks Setup, click the ____.