1. What is QuickBooks?

QuickBooks is an excellent bookkeeping program to use for any small business.

It has variety of different benefits that one can enjoy when using this
bookkeeping software.

2. What are all the QuickBooks editions?

1. QuickBooks Simple Start

2. QuickBooks Pro

3. QuickBooks Premier

4. QuickBooks Enterprise Solutions

5. QuickBooks Online

3. What is Reconciliation?

Matching Quick books accounts with Bank Accounts

4. Is it possible to raise a Credit (Refund) against Invoice directly?

No, it is not possible

5. From which versions of QuickBooks will support Multicurrency?

QuickBooks 9.0 and later

6. What are all the item types in QuickBooks US edition?

1. Inventory Part

2. Non Inventory Part

3. Service

4. Inventory Assembly

5. Group
 6. Other Charge

7. Payment

8. Discount

9. Sales Tax Item

10.Sales Tax Group

7. What is the use of payment type in items?

Use to record a partial payment at the time of sale. It reduces the amount owed
on an invoice.

8. Expansion of QBFC?

QuickBooks Foundation Class

9. How to enable Multicurrency in QuickBooks 9.0 or later?

Go to, Edit  Preference  Multiple Currencies  Company Preference; select

the check box “Yes I use more than one currency”

10. Using the QB SDK 8.0 and the QuickBooks version is 2006. What is
the major version?

Major version is 6

11. Using the QB SDK 8.0 and the QuickBooks version is 2010. What is
the major version?

Major version is 8

12. How to set create invoice automatically once every month?

Create an invoice, set that invoice as memorized invoice and set the often as
‘monthly’
13.Difference between QBXML and QBFC?

QBXML - you to create and parse qbXML documents explicitly and QBFC - specify
the data in terms of parameter/value

14.Can I begin session, without opening QuickBooks?

Yes

15. What is different between invoice and sales receipt?

Invoice: we can raise invoice and pay later using ‘receive payments’. Full
payment is not received at the time the sale is recorded or full payment is
received in advance.

Sales receipt: Full payment is received at the time of the sale is recorded.

16. What is Credit Memo?

Records the return of any item or service purchased.

17. When an invoice closed (Paid Invoice)?

An invoice will be closed once made the payment by the customer for all
received items

18. What is “Prev.Invoiced” in Invoice?