Processing payroll and employee deductions MCQs on Peach Tree

1. Which Peachtree feature is used to calculate and process employee payroll?
   a) Payroll
   b) General Ledger
   c) Accounts Payable
   d) Accounts Receivable
   Answer: a) Payroll
2. What must be set up before processing payroll in Peachtree?
   a) Employee records, pay rates, and payroll tax settings
   b) Customer invoices and payment terms
   c) Vendor bills and payment schedules
   d) Sales orders and shipping details
   Answer: a) Employee records, pay rates, and payroll tax settings
3. How are employee deductions typically handled during payroll processing in Peachtree?
   a) Deductions are entered in the employee’s payroll record and applied automatically during payroll processing
   b) Deductions are recorded manually in the General Ledger
   c) Deductions are adjusted in the Accounts Payable module
   d) Deductions are handled through customer invoices
   Answer: a) Deductions are entered in the employee’s payroll record and applied automatically during payroll processing
4. Which report provides a summary of employee earnings and deductions for a payroll period?
   a) Payroll Summary Report
   b) General Ledger Report
   c) Accounts Receivable Report
   d) Inventory Report
   Answer: a) Payroll Summary Report
5. To ensure accurate payroll processing, what should you verify before running payroll?
   a) Employee hours, pay rates, and deduction settings
   b) Customer payment history and credit limits
   c) Vendor payment schedules and terms
   d) Sales order details and product prices
   Answer: a) Employee hours, pay rates, and deduction settings
6. How do you record employee benefits in Peachtree?
   a) Enter benefits information in the employee’s record under Benefits and Deductions
   b) Create a separate invoice for each benefit
   c) Adjust the General Ledger for benefits expenses
   d) Enter benefits information in the Accounts Receivable module
   Answer: a) Enter benefits information in the employee’s record under Benefits and Deductions
7. Which Peachtree function is used to manage and track employee withholdings for taxes and other deductions?
   a) Payroll Tax Setup
   b) Accounts Payable
   c) General Ledger Adjustments
   d) Sales Orders
   Answer: a) Payroll Tax Setup
8. What should you do if an employee’s pay rate changes?
   a) Update the employee’s pay rate in the Payroll module and adjust future payroll calculations
   b) Manually adjust the pay rate on each payroll check
   c) Record the change as a separate payroll entry
   d) Adjust the General Ledger account for payroll expenses
   Answer: a) Update the employee’s pay rate in the Payroll module and adjust future payroll calculations
9. What is the purpose of the Payroll Register Report in Peachtree?
   a) To provide a detailed listing of payroll transactions, including earnings and deductions
   b) To track customer payments and outstanding invoices
   c) To manage vendor payments and bills
   d) To monitor inventory levels and costs
   Answer: a) To provide a detailed listing of payroll transactions, including earnings and deductions
10. How are payroll taxes and deductions typically handled in Peachtree?
    a) They are automatically calculated based on the employee’s setup and applied during payroll processing
    b) They are recorded manually in the Accounts Payable module
    c) They are adjusted directly in the General Ledger
    d) They are managed through separate invoicing processes
    Answer: a) They are automatically calculated based on the employee’s setup and applied during payroll processing

More MCQs on Peachtree

• Main navigation areas (e.g., Customers & Sales, Inventory & Services)
• Using menus and icons
• Accessing and customizing reports
• Customer and Sales Management MCQs
  • Creating and managing customer records
  • Processing sales invoices
  • Handling sales returns and adjustments
• Inventory Management MCQs
  • Setting up and maintaining inventory items
  • Recording inventory purchases and adjustments
  • Tracking inventory levels and costs
• Vendor and Purchasing MCQs
  • Creating and managing vendor records
  • Recording purchase orders and bills
  • Handling vendor payments and adjustments
• Accounts Payable and Receivable MCQs
  • Managing accounts payable (AP) and accounts receivable (AR)
  • Generating and paying bills
  • Invoicing customers and receiving payments
• General Ledger and Journal Entries MCQs
  • Understanding the general ledger structure
  • Recording and adjusting journal entries
  • Managing and reconciling accounts
• Payroll and Employee Management MCQs
  • Setting up employee records
  • Processing payroll and employee deductions
  • Handling employee benefits and taxes
• Financial Statements and Reports MCQs:
  • Generating and interpreting financial statements (e.g., Balance Sheet, Income Statement)
  • Customizing and analyzing reports
  • Understanding key financial metrics
• Backup and Data Management MCQs
  • Performing and restoring backups
  • Managing data integrity and security
  • Handling data migrations and updates
• System Configuration and Setup MCQs
  • Setting up company information and preferences
  • Customizing forms and templates
  • Configuring system settings and user permissions
• Troubleshooting and Support MCQs
  • Common issues and solutions
  • Accessing help resources and support
  • Performing basic troubleshooting steps
• Integration and Advanced Features MCQs
  • Integrating with other software or systems
  • Using advanced features like job costing or project management
  • Exploring additional modules or functionalities MCQs