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[Show more]What lists can be imported from Excel spreadsheets, when setting up a QuickBooks online company? 
Chart of accounts, Customers, Products and Services, and Vendors 
 
 
 
Which of the following is TRUE regarding your chart of accounts, when setting up a new QuickBooks company? 
It is possible to add ...
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Add to cartWhat lists can be imported from Excel spreadsheets, when setting up a QuickBooks online company? 
Chart of accounts, Customers, Products and Services, and Vendors 
 
 
 
Which of the following is TRUE regarding your chart of accounts, when setting up a new QuickBooks company? 
It is possible to add ...
One of the major advantages of all subscription levels of QuickBooks Online have over the desktop version is: 
All the data is hosted, backed up and secured by Intuit's servers 
 
 
 
Your client uses QuickBooks Online Simple Start. How many accountant users can your client invite? 
2 
 
 
 
Your c...
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Add to cartOne of the major advantages of all subscription levels of QuickBooks Online have over the desktop version is: 
All the data is hosted, backed up and secured by Intuit's servers 
 
 
 
Your client uses QuickBooks Online Simple Start. How many accountant users can your client invite? 
2 
 
 
 
Your c...
Audit Log 
An interactive report found on the Tools menu. The Audit Log displays information about the users who have modified/viewed specific transactions, lists, settings, tools and features in QuickBooks Online. 
 
 
 
Gear Icon 
A link in the top right corner of every QuickBooks Online page that...
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Add to cartAudit Log 
An interactive report found on the Tools menu. The Audit Log displays information about the users who have modified/viewed specific transactions, lists, settings, tools and features in QuickBooks Online. 
 
 
 
Gear Icon 
A link in the top right corner of every QuickBooks Online page that...
Can you delete or make inactive something on a list if it has a balance (e.g. Customer, Vendor, or Stock Product, or Account)? 
Yes, QuickBooks will automatically create a transaction to make the balance zero. 
 
 
 
While setting up a QuickBooks Online account, you accidentally entered the wrong co...
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Add to cartCan you delete or make inactive something on a list if it has a balance (e.g. Customer, Vendor, or Stock Product, or Account)? 
Yes, QuickBooks will automatically create a transaction to make the balance zero. 
 
 
 
While setting up a QuickBooks Online account, you accidentally entered the wrong co...
Q: Direct billing option means? 
A: The client pays intuit directly for the QB subscriptions 
 
 
 
Q: There are four types of products and services 
A: Inventory, non-inventory, service, and bundle 
 
 
 
Q: You want to pass on some of your costs directly to customers in Quickbooks Online. You are ...
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Add to cartQ: Direct billing option means? 
A: The client pays intuit directly for the QB subscriptions 
 
 
 
Q: There are four types of products and services 
A: Inventory, non-inventory, service, and bundle 
 
 
 
Q: You want to pass on some of your costs directly to customers in Quickbooks Online. You are ...
How is a credit memo different from a refund receipt? 
A credit memo affects accounts receivable 
 
 
 
What are the non-posting transactions related to sales? 
Estimate, Delayed Charge, Delayed Credit 
 
 
 
What lists can be imported from excel spreadsheets when setting up a QBO company? 
Chart of...
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Add to cartHow is a credit memo different from a refund receipt? 
A credit memo affects accounts receivable 
 
 
 
What are the non-posting transactions related to sales? 
Estimate, Delayed Charge, Delayed Credit 
 
 
 
What lists can be imported from excel spreadsheets when setting up a QBO company? 
Chart of...
You need to set up a new user so they can see reports but can do nothing else in QuickBooks. Put the steps for setting up a user who can only see reports in the correct order. 
1. Click the Company menu and choose Manage Users. 
2. In the Manage Users screen, click New. 
3. For User Type, choose Rep...
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Add to cartYou need to set up a new user so they can see reports but can do nothing else in QuickBooks. Put the steps for setting up a user who can only see reports in the correct order. 
1. Click the Company menu and choose Manage Users. 
2. In the Manage Users screen, click New. 
3. For User Type, choose Rep...
Client Needs Assessment Process 
Who, What, When, and How 
 
 
 
Who? 
Get to know who your client is, what they stand for, what they're aiming for and where they're coming from 
 
 
 
What? 
Every business, large or small, has a variety of parts. You need to find our what they are in order to bes...
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Add to cartClient Needs Assessment Process 
Who, What, When, and How 
 
 
 
Who? 
Get to know who your client is, what they stand for, what they're aiming for and where they're coming from 
 
 
 
What? 
Every business, large or small, has a variety of parts. You need to find our what they are in order to bes...
When setting up a new QuickBooks account, which of the following is TRUE about the chart of accounts? 
It is possible to add more accounts after starting a new company. 
 
 
 
You're setting up a new QuickBooks account for a business that just hired you. The company has a list of accounts with open...
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Add to cartWhen setting up a new QuickBooks account, which of the following is TRUE about the chart of accounts? 
It is possible to add more accounts after starting a new company. 
 
 
 
You're setting up a new QuickBooks account for a business that just hired you. The company has a list of accounts with open...
Which of the following statements is true regarding Undeposited Funds in QuickBooks? 
 
1. Undeposited Funds is an account used to record unpaid invoices. 
2. Undeposited Funds is an item type usually associated with NSF fees. 
3. Undeposited Funds is an account used to record payments before you ma...
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Add to cartWhich of the following statements is true regarding Undeposited Funds in QuickBooks? 
 
1. Undeposited Funds is an account used to record unpaid invoices. 
2. Undeposited Funds is an item type usually associated with NSF fees. 
3. Undeposited Funds is an account used to record payments before you ma...
Which 3 of these areas does the Client Needs Assessment tool focus on to help gather the information needed to select the right QuickBooks Online subscription for a client? 
Features and solutions 
Client profile 
Needs assessment 
 
 
 
Which 4 list types can be directly imported into QuickBooks On...
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Add to cartWhich 3 of these areas does the Client Needs Assessment tool focus on to help gather the information needed to select the right QuickBooks Online subscription for a client? 
Features and solutions 
Client profile 
Needs assessment 
 
 
 
Which 4 list types can be directly imported into QuickBooks On...
Which is the best way to enter building supplies as a product? 
Non-inventory 
 
 
 
What is the major disadvantage of using a journal entry to record a sale? 
No way to manage the inventory properly 
 
 
 
Which type of transaction affects a customer balance immediately? 
Credit memo 
 
 
 
Which a...
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Add to cartWhich is the best way to enter building supplies as a product? 
Non-inventory 
 
 
 
What is the major disadvantage of using a journal entry to record a sale? 
No way to manage the inventory properly 
 
 
 
Which type of transaction affects a customer balance immediately? 
Credit memo 
 
 
 
Which a...
If you don't download bank transactions, how do you enter a business lunch paid for with the company debit card? 
A. Click the Global Create Button and Select Expense. Fill out the expense and use Debit Card as the payment method. 
B. Click the Global Create Button and Select Debit Card. Fill out t...
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Add to cartIf you don't download bank transactions, how do you enter a business lunch paid for with the company debit card? 
A. Click the Global Create Button and Select Expense. Fill out the expense and use Debit Card as the payment method. 
B. Click the Global Create Button and Select Debit Card. Fill out t...
What type of business relies on knowing their inventory at all times? 
B2B Wholesale businesses 
 
 
 
*** Managing inventory and avoiding out-of-stock situations is critical to the success of what type of business, as well as understanding cash flow and balance sheets? 
Retail and e-commerce busine...
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Add to cartWhat type of business relies on knowing their inventory at all times? 
B2B Wholesale businesses 
 
 
 
*** Managing inventory and avoiding out-of-stock situations is critical to the success of what type of business, as well as understanding cash flow and balance sheets? 
Retail and e-commerce busine...
You are adding a new customer to Quickbooks Online. You are working in the New You own Customer Information form. For each statement about the Display name as a field, write True or False: 
 
The display name is optional. 
True 
 
 
 
You are adding a new customer to Quickbooks Online. You are worki...
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Add to cartYou are adding a new customer to Quickbooks Online. You are working in the New You own Customer Information form. For each statement about the Display name as a field, write True or False: 
 
The display name is optional. 
True 
 
 
 
You are adding a new customer to Quickbooks Online. You are worki...
Quickbooks online, what is the difference between voiding and deleting a check? 
D. Voiding a check keeps it in reports but reduces its value to zero 
Deleting a check removes it from reports other than the Audit Log. 
 
 
 
Which three tasks can you perform when using Bank Feeds in the Banking area...
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Add to cartQuickbooks online, what is the difference between voiding and deleting a check? 
D. Voiding a check keeps it in reports but reduces its value to zero 
Deleting a check removes it from reports other than the Audit Log. 
 
 
 
Which three tasks can you perform when using Bank Feeds in the Banking area...
Why must you set deposit frequencies for the taxes or deductions your company has to pay (Payroll Liabilities)? 
So that Payroll Liabilities show yp in the Pay Taxes & Other Liabilities list in the Payroll Center 
 
 
 
What are the first two steps to set up payroll in Quickbooks? 
1) Sign up for a ...
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Add to cartWhy must you set deposit frequencies for the taxes or deductions your company has to pay (Payroll Liabilities)? 
So that Payroll Liabilities show yp in the Pay Taxes & Other Liabilities list in the Payroll Center 
 
 
 
What are the first two steps to set up payroll in Quickbooks? 
1) Sign up for a ...
Most Common Categorization Options 
Chart of Accounts & Sub Accounts 
Products & Services Lists 
 
 
 
How many Hierarchial Levels of Accounts can you have? 
5 including Parent 
 
 
 
Advanced Categorization 
Locations 
Product Lines 
Business Units 
(Adds Columns on P&L) 
 
 
 
Which Version allows...
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Add to cartMost Common Categorization Options 
Chart of Accounts & Sub Accounts 
Products & Services Lists 
 
 
 
How many Hierarchial Levels of Accounts can you have? 
5 including Parent 
 
 
 
Advanced Categorization 
Locations 
Product Lines 
Business Units 
(Adds Columns on P&L) 
 
 
 
Which Version allows...
QuickBooks Online 
Marcus runs a small tailoring firm called Tailoring to Your Needs, Inc. in Santa Barbara. He needs something that will help him manage his finances with the help of his accountant. 
Which product do you think might suit him best? 
 
 
 
350 
- 50 points for each of the five new cl...
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Add to cartQuickBooks Online 
Marcus runs a small tailoring firm called Tailoring to Your Needs, Inc. in Santa Barbara. He needs something that will help him manage his finances with the help of his accountant. 
Which product do you think might suit him best? 
 
 
 
350 
- 50 points for each of the five new cl...
Which term best describes the QuickBooks Online environment? 
Cloud-based 
 
 
 
Where do you back up your QuickBooks Online data files? 
you don't 
 
 
 
Dolly uses QuickBooks Online and is upgrading to a new computer. What do you tell her? 
Since QuickBooks Online is cloud software, all you have ...
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Add to cartWhich term best describes the QuickBooks Online environment? 
Cloud-based 
 
 
 
Where do you back up your QuickBooks Online data files? 
you don't 
 
 
 
Dolly uses QuickBooks Online and is upgrading to a new computer. What do you tell her? 
Since QuickBooks Online is cloud software, all you have ...
What does a plus account let you do as an overview? 
Manage Bills, Track billable time, track inventory 
 
 
 
What is Matching Expenses? 
Using money spent for the business converts into expenses on quickbooks to match the amount spent. 
 
 
 
Self employed and simple start contains how many seats?...
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Add to cartWhat does a plus account let you do as an overview? 
Manage Bills, Track billable time, track inventory 
 
 
 
What is Matching Expenses? 
Using money spent for the business converts into expenses on quickbooks to match the amount spent. 
 
 
 
Self employed and simple start contains how many seats?...
Which QuickBooks® Online subscription is most popular? 
Plus 
 
 
 
If you need to manually enter a transaction for a missing expense, which option would you choose? 
+ New Icon 
 
 
 
What is the recommended browser for QuickBooks Online? 
Chrome 
 
 
 
When looking at the dashboard, which of thes...
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Add to cartWhich QuickBooks® Online subscription is most popular? 
Plus 
 
 
 
If you need to manually enter a transaction for a missing expense, which option would you choose? 
+ New Icon 
 
 
 
What is the recommended browser for QuickBooks Online? 
Chrome 
 
 
 
When looking at the dashboard, which of thes...
What are settings for expenses? 
Bills and expenses, purchase orders and messages 
 
 
 
What are the 4 settings for bills and expenses under expense settings 
1. Show items table on expense and purchase forms (only in PLUS) 
2. Track expenses and items by customer (only in PLUS) 
3. Make expenses a...
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Add to cartWhat are settings for expenses? 
Bills and expenses, purchase orders and messages 
 
 
 
What are the 4 settings for bills and expenses under expense settings 
1. Show items table on expense and purchase forms (only in PLUS) 
2. Track expenses and items by customer (only in PLUS) 
3. Make expenses a...
Which form cannot be customized in QuickBooks? - correct answer bill 
 
When should you not delete a check? - correct answer You printed a check, and the check number has been used. 
 
For each statement below, identify if the statement is True or False. - correct answer True: you can enter a check ...
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Add to cartWhich form cannot be customized in QuickBooks? - correct answer bill 
 
When should you not delete a check? - correct answer You printed a check, and the check number has been used. 
 
For each statement below, identify if the statement is True or False. - correct answer True: you can enter a check ...
1.	 	 Which is not a benefit of using the QuickBooks Online Apps for Mac and Windows? 
 
2.	 	 How do you create a recurring invoice in QuickBooks Online? 
 
3.	 	 Which of the following summary information of activity from clients' QBO companies can be found in the Client list grid in QuickBooks O...
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Add to cart1.	 	 Which is not a benefit of using the QuickBooks Online Apps for Mac and Windows? 
 
2.	 	 How do you create a recurring invoice in QuickBooks Online? 
 
3.	 	 Which of the following summary information of activity from clients' QBO companies can be found in the Client list grid in QuickBooks O...
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