During The EasyStep Interview, How Do You Setup A New Account That Is Not On The Default List Of Accounts?A You Can’t Add Accounts That Are Not On The QuickBooks Default List. Finish The Interview And Add The Accounts Directly To The Chart Of Accounts. B. Click Add New Account In The EasyStep Interview. C. Click Edit Account During The EasyStep Interview. D. Select Import My Chart Of Accounts During The EasyStep Interview.

If you choose to “Remove Transactions as of a specific date” from the “Clean UpCompany Data” window, what does QuickBooks do? Removes all payroll transactions that occurred on that date. This is a great way to fix the mistakes a new person made on a particular day.  There is no such choice in QuickBooks. Removes all transactions while leaving lists, preferences, and service subscriptions intact. Changes the company’s start date.

Screen is where you tell QuickBooks whether you offer services, products, or both. When you choose one of these options, the program figures out which types of income accounts you need. If you select “Products only” or “Both services and products,” another screen later in the interview asks whether you want to track inventory. When you click Save in the “Filename for New Company” dialog box, QuickBooks may take a minute or so to create the new file. In the meantime, a message box with a progress bar appears.

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Even though closing the company file at the end of every year is not compulsory, a few customers prefer it that way. There are some cases where you can’t merge or combine entries. You can’t merge entries of a different “type.” For example, you can’t merge an expense account into an income account. Open the list entry you want to get rid of and click Merge.  There is no such choice in QuickBooks.c. From the bottom of the list, click the Activities menu and select Combine Entries.

•  You must first choose a payroll service option before you complete the Payroll Setup Interview.d.
• Yes.
• It should be noted that the payroll users can not avail of this feature due to critical payroll information in the payroll files.
• Retain as an available credit  This credit can be applied to future invoices.b.
• That way, most of the settings the program chooses will be what you want.

Click the Automate button when the bookkeeping is on the screen. Someone changed or deleted a transaction you cleared on the prior reconciliation. Download the letter to Word, edit it in Word, and save it for future use.

” screen, select the option for your business type. This setting determines which tax form, accounts, and tax form lines you’ll use to prepare your business tax return. How do you track accounts payable in QuickBooks? Enter a bill, and then use the Write Checks window.  If you enter a bill for a purchase, you should NOT use the Write Checks window to pay the bill.

c. Click Edit Account during the EasyStep Interview.

An Income or Expense account needs to be part of each transaction. Create a portable file and restore it to the new system. Enter “January 1, 2001”, since the company has been in business since 2001. An inventory item has been received, but you have not received the corresponding bill. In the upper-left corner of the screen, select the Accrual button.

• Assisted  With this option, you record paychecks, and QuickBooks calculates taxes for you.
• (Intuit releases new versions of QuickBooks in October or November each year for just that reason.) But waiting isn’t always feasible.
• Record all the payments in the same Receive Payments window.
• If not, to the right of this field, click “Help me choose” to see all your options.
• QuickBooks will not allow you to record the transaction.

You can’t add accounts that are not on the QuickBooks default list. Finish the interview and add the accounts directly to the Chart of Accounts. Also, you can’t add any balances to the accounts . However, you can add bank account balances.b. Click Add new account in the EasyStep Interview.

How to Run the Easy Step Interview in QuickBooks 2018

On the next page you will Select Your Industry. If you don’t see your industry you can choose the General Product-based Business or General Service-based Business from the bottom of the list. When you convert from Quicken to QuickBooks, QuickBooks adds all the converted names to its Other Names List. See Customer Type List to learn how to move these names to other lists. In the QuickBooks Setup dialog box, click Other Options, and then choose Convert Quicken Data. Screen asks whether you invoice customers based on the percentage you’ve completed on a job.

You received 5 customer payments in the mail. At the bank you deposit the 5 checksas one deposit. When you record the 5 separate payments in QuickBooks, how doyou show that the 5 checks were actually 1 deposit? In the receive payments window, check “deposited with deposit number .”  There is no such choice. Record all the payments in the same Receive Payments window.  You can only show 1 customer in the Receive Payments window.

In addition, this category is where you set the tax form you use for your company tax return. The Company Information dialog box opens with your company information grouped into several categories (see Figure 1-7, foreground). The My Company window opens. As shown in Figure 1-7 , your company info appears on the left and info about your copy of QuickBooks appears on the window’s right. Apps, services, and subscriptions that you’ve signed up for appear below your company info.

Why would you restore a data file from the backup file? You wish to review the company data as it stood at an earlier date.  This is possible, but so are the other answers.

For example, if you’re the only person who uses QuickBooks, you could create a Company Files folder inside your Documents folder. See Storing Company Files on a Network for more about choosing a location for company files. The set of steps to create a new company file QuickBooks Pro and premier might vary from that of QuickBooks Desktop. So, here is a complete guide to set up company file in Pro and premier. What options do you have after you create a credit memo in QuickBooks? Retain as an available credit  This credit can be applied to future invoices.b.

Steps to Create a New QuickBooks Company File from scratch

To enter a customer early-payment discount  Record these discounts in the Receive Payments window. What transaction should you enter if a customer returns a damaged product or, inthe case of a service, complains so much you decide to offer a refund? Debit Memo  There is no such transaction in QuickBooks. Credit Memo  This is the correct answer.

You can also select a cell with info in it to edit the info within it. When you click Next, you see a bright orange—but premature—“Congratulations! ” You still have a few more steps to complete before you can open your company file. Click “Go to Setup,” and then read the next section.

The inventory asset account is not affected. Cost of Goods Sold increases. No accounts are affected. Purchase Orders are nonposting. What do you need to record in QuickBooks when a customer’s check bounces (thecustomer had non-sufficient funds, NSF)?

The first thing you will do is enter some basic information about your company. Your company name is the only mandatory field on this screen. However, we recommend filling this page out completely in case you plan on communicating with business-related correspondents through QuickBooks. You can specify the starting month for both your fiscal year and your tax year.