QUICKBOOKS ONLINE EXAM PACK|GUARANTEED SUCCESS

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...

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...

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...

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 ...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...