Question

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Get to Know QuickBooks Better

Working Around the Home Page

Identify which area of the Home page you would go to perform the following tasks (areas include: Vendors, Customers, Employees, Company, and Banking), as well as the task icon you would choose. (Hint: You may need to utilize the “tool tips” feature.)

Task	Home Page Area	Task Icon
Create a bill for a customer to pay at a later date	Create invoice	customer
Write a check to the grocery store	Write checks	Banking
Enter an invoice you have received from a vendor
Enter a new service that you sell
Look at the accounts set up for your company
Ensure the information in QuickBooks matches the bank’s information
Write a check for a bill that you have received and entered in QuickBooks
Record a customer payment to your bank account
View a running balance of bank account transactions
Bill your customer and receive payment at the same time	Create sales receipt	customers
Receive a payment for an invoice on a customer’s account

Understanding QuickBooks File Types

Match the QuickBooks file type on the left with the correct description on the right. Enter the letter corresponding to the correct description in the box to the left of the appropriate file type.

Letter	QuickBooks File Type	Description
a	Portable Company File	A. Used to store a copy of your data in case your main file becomes corrupted and needs to be restored
d	Company Backup File	B. The file you use to enter day-to-day transactions
e	Company File	C. Is a convenient way to send your company information by email
c	Network Data File	D. Helps you to recover any data entered after the last backup operation performed
b	Transaction Log File	E. Contains important configuration data

QuickAnswers

Place a “QuickAnswer” in the right column either by completing the sentence or filling in the blank from the left column.

Description	QuickAnswer
Use the ______ ______ to quickly access QuickBooks centers, snapshots, shortcuts, apps and services.
Each year, Intuit produces several ______ of QuickBooks from which you can choose.
_______ can be easily entered on forms such as invoices or bills and affect what happens behind the scenes.
In the _______ _______ of accounting, income is recorded when the sale is made and expenses recorded when accrued.
Your company file should not be backed up to…

Answer 1

Task Home Page Area Task Icon

Enter an invoice you have received Enter Bills Vendor

from a vendor

Enter a new service that you sell Items & Services Company

Look at the accounts set up for your Settings    Company

company

Ensure the information in QuickBooks Reconcile Banking

matches the bank’s information

Write a check for a bill that you have Pay Bills Vendors

received and entered in QuickBooks

Record a customer payment to your Record Deposits Banking

bank account

View a running balance of bank Check Register Banking

account transactions

Receive a payment for an invoice Receive Payment Customer

on a customer’s account

Understanding QuickBooks File Types

Letter Description

a C

d D

e A

c E

b B

QuickAnswers

Description

QuickAnswer

Use the Accountant Centre to quickly access QuickBooks centers, snapshots, shortcuts, apps and services.

Each year, Intuit produces several Editions of QuickBooks from which you can choose.

Features can be easily entered on forms such as invoices or bills and affect what happens behind the scenes.

In the Accrual system of accounting, income is recorded when the sale is made and expenses recorded when accrued.