About the Quickbooks test
QuickBooks is an accounting software package that is geared mainly toward small and medium-sized businesses for the processing of accounting information, paying bills, generating sales invoices, preparing reconciliations, and running reports to manage the financial aspect of the business.
This QuickBooks test evaluates candidates’ ability to use the software in four key areas: set up a company and maintain lists such as the Chart of Accounts, customers, and suppliers; process sales transactions, set up products and services, and process customer payments and refunds; process supplier purchases and expenses, bill payments, and refunds; and set up the banking function and prepare bank reconciliations and other accounting functions such as processing journal entries and running reports as required by the core functions.
Candidates who perform well on this test have a strong grasp of QuickBooks and possess practical experience using the software. They have a good understanding of how to navigate the system and process accounting transactions, know which reports to run for a core business function, and can prepare reconciliations to ensure the company’s financial data is accurate.
This test does not cover taxes in QuickBooks as that process and requirements are different from country to country.