Exam 4: Customers and Sales

The Customer List stores all the information listed below except: A.Sales tax rates B.Notes about a project/job C.Project/job estimate information D.Customer transaction information

The Job Profitability Summary Report is accessed from the:

When recording a customer payment from a credit sale, select:

Briefly explain the difference between creating a sales receipt and creating an invoice.

Which report provides information to help in tracking accounts receivable?

When recording a payment from a customer, if the customer does not send the full amount:

Which report provides information on customers who have overdue accounts?

Credit sales are:

Which one of the following activities is not shown in the Customer section of the Home page?

When a customer is billed when the project/job reaches specified milestones, what type of billing does the company use?

From the Customers Section, "Create Credit Memos/Refunds" allows you to:

The Customer List stores all the information listed below except:

When recording a customer payment from a cash sale, select:

To print the Income by Customer Summary report:

To add a new job to the Customer List:

All the reports below provide information about customer and job profitability, except:

Online billing allows you to:

Sales in QuickBooks can be recorded with all the following means of payment, except:

The Undeposited Funds account: A.Partial payments received from customers B.Holds funds received but not deposited in the bank C.Funds the company owes vendors D.Petty Cash funds

When recording a payment from a customer, if the customer does not send the full amount: A.Record the full amount as paid and make a note in the To Do List to follow up with the customer regarding the remainder of the payment B.You can record the partial payment but must leave the funds in the Undeposited Funds account until receiving the full payment C.You must wait until the customer pays the full amount to record the payment D.Enter the amount received in the Amount field in the Customer Payment window