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1. #CAN YOU CATERGORIZE PERSONAL EXPENSES IN QUICKBOOKS PASSWORD#
2. #CAN YOU CATERGORIZE PERSONAL EXPENSES IN QUICKBOOKS LICENSE#

#CAN YOU CATERGORIZE PERSONAL EXPENSES IN QUICKBOOKS LICENSE#

Purchase a separate QuickBooks license for each company you need to set up. How do you set up multiple businesses in QuickBooks (assuming each business files a separate tax return)? a. All of the above  Only one field is absolutely required.Ĥ. Tax ID  Although there is a field for Tax ID, it is not required to complete the EasyStep Interview.

#CAN YOU CATERGORIZE PERSONAL EXPENSES IN QUICKBOOKS PASSWORD#

Company password Entering a password is optional (but recommended).Ĭ. This is the only required field in the Company Information. Company name  This is the correct answer. Which of the following pieces of information does QuickBooks require you to enter? a. When setting up a new company through the EasyStep Interview, some company information is optional and some is absolutely required. Passwords for other users can be set through the Company menu.ģ. All users  Only the password for the Administrator can be set during the EasyStep Interview. You cannot setup passwords during the EasyStep interview  You can set up the password for the Administrator during the EasyStep Interview. Passwords for other users can be set after you complete the EasyStep Interview through the Company menu. External Accountant  Only the password for the Administrator can be set during the EasyStep Interview.

QuickBooks assumes the person who is completing the Easy Step Interview is the administrator and only asks for this password. Administrator  This is the correct answer. During the EasyStep Interview, you can set up a password for which of the following users? b. If you want to turn a feature on or off AFTER the Easy Step Interview, choose Edit > Preferences.Ģ. All of the above  This is the correct answer. Progress Invoicing  This is true, but you can also turn on and off other features among these possible answers. Inventory  This is true, but you can also turn on and off other features among these possible answers. Sales taxes  This is true, but you can also turn on and off other features among these possible answers. During the EasyStep Interview, you can turn on and off which features? a. unclassified - not arranged in any specific grouping.QuickBooks – Practice Test (with answers and feedback) Setupġ.

uncategorized - not categorized or sorted. The balance of this account should always be zero.ġ. This account cannot be deleted or merged and is used to record assets that cannot be matched to an account. Your Good Bookkeeping Score™ UNCATEGORIZED ASSET. In respect to this, what is a uncategorized asset? Use this recipe to reclassify these balances, and to avoid this problem in the first place.

The Uncategorized Income and Uncategorized Expense accounts are created by QuickBooks automatically, when opening balances are entered for customers or vendors. By default, the QuickBooks program assigns this account as well as it's sister account, " uncategorized expense" for any expense or check entries that had no account entered.īeside above, what causes uncategorized income in QuickBooks? Classifying uncategorized income or expenses. Uncategorized income is an account made up by Intuit (QuickBooks) for the bank feed process. Sometimes QuickBooks also "guesses" using that account.Īlso to know is, what is uncategorized expense? By default, the QuickBooks program assigns this account as well as it's sister account, " uncategorized expense" for any expense or check entries that had no account entered.