Massage Business Bookkeeping Quiz

INSTRUCTIONS
This page is the quiz for your continuing education course. Please answer all of the questions below then click the “Grade my quiz” button at the bottom of the page. If you are stuck, use the “Hint” link that appears under the question.

You must score 75% or higher to pass. The quiz is a pass/fail matrix and it stops counting points once you reach the passing threshold of 75% so the only score you will receive will be PASS or FAIL. It will tell you which ones you missed, however, so you can try again if you fail.

IMPORTANT NOTE
If you click “Grade my quiz” and nothing happens it is because you missed a question. The Quiz will not submit unless EVERY question is answered, including the five at the top that collect the student information.

Good luck!

1. Student name (as you would have it on your certificate/transcript):
2. We will not send a certificate of completion or an updated transcript unless we can confirm that someone paid for this course. Please tell us who paid for it, if it was you, enter your name. If it was someone else, please enter the name of the person (or the business name) that paid for you.
3. Please enter the email address you would like us to send your certificate of completion to.
4. Your complete physical address (Street, City, State, Zip Code). This is a requirement of the NCBTMB for your transcript. We will not mail you anything or share the address with anyone. This can be a business address or PO Box.
5. Please enter your massage license number. If you do not have one, you may enter your NCBTMB certification number or just enter the number 0.
6. What percentage of massage therapists in the United States are self-employed?
7. What do Financial Statements tell you about your business?
8. Financial statements come as a pair: a balance sheet and an __________.
9. The Double Entry System requires two entries which exactly balance one another. Each entry has a left side -- these are called debits, and a right side -- these are called _______.
10. All your asset accounts (1000 series) are debit accounts, which means they are ________ numbers.
11. The liability accounts (2000 series) are all credit accounts and they are _________.
12. Strategic thinking requires you to envision what you want your ideal outcome to be for your business, then ____________ by focusing on the story of how you will be able to reach your vision.
13. The biggest stumbling block to accurate bookkeeping in the massage
industry is _______________________.
14. You have two choices of accounting method: cash and ________.
15. To develop a set of financial statements, you have to start with an outline of how you will organize the information. This outline is called your ___________.
16. What is the difference between direct and indirect expenses?
17. _________ are cash or things you can convert to cash readily, like inventory that could be sold, accounts receivable which you've billed for and should be in the mail, etc.
18. Liability Accounts, like assets, come in two types, ______ and ________.
19. Where would you file prepaid massages?
20. Where would you file Massage gift certificate sales?

PLEASE READ
Click the "Grade my quiz!" button below to get your result. If you passed it will say "You have passed". If you did not pass it will say "You did not pass" and then you can take the quiz again by hitting the back button on your browser.

IT WILL NOT GIVE YOU THE CERTIFICATE NOW, even if you pass. I (the approved provider) will EMAIL YOU the certificate within 24 hours after I make sure that you paid and everything looks correct.

PLEASE BE PATIENT. "Click Grade my quiz!" Once and give it a moment to produce results.