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QBO Certification Prep; Questions with Complete Solutions 100% Verified

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  • Course
  • QBO Certificaiton
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  • QBO Certificaiton

QBO Certification Prep; Questions with Complete Solutions 100% Verified When are 2 times you might use the Setup screen in the Books review feature? Correct answer-When changing chart of account names When making adjustments to balance sheet account balances during the clean up process Your...

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  • August 9, 2024
  • 107
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • QBO Certificaiton
  • QBO Certificaiton
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GOLDTUTORS
QBO Certification Prep; Questions with Complete
Solutions 100% Verified
When are 2 times you might use the Setup screen in the Books review feature? Correct
answer-When changing chart of account names

When making adjustments to balance sheet account balances during the clean up process



Your client wants to know if their future revenues and expenses will support them in adding a
new product line. You are recommending that they set a budget.

For which 3 of the following accounts can they set a budget?

Petty Cash

Sales Income

Cost of Goods Sold

Travel Expense

Accumulated Depreciation

Inventory Correct answer-




Your client needs a QuickBooks Online solution that includes tracking for:

Sales

Sales tax

Inventory Correct answer-Plus




Can users with the right permissions in a client-paid subscription add QuickBooks Online Payroll
or QuickBooks Time to their QuickBooks Online company? Correct answer-Yes, by going
to the Billing & subscription section in Account and Settings

, QBO Certification Prep; Questions with Complete
Solutions 100% Verified

You need to add a gift basket with a collection of beauty products to your client's list of products
and services.

Which item type would you assign this to in QuickBooks Online? Correct answer-Bundle




Which 3 of these can a Company admin user do in QuickBooks Online?

Change their user level to Primary admin

Add new Primary admin users

Change the QuickBooks Online subscription

Manage existing users

Access the client's other products, such as QuickBooks Payroll and QuickBooks Payments
Correct answer-Access the client's other products, such as QuickBooks Payroll and
QuickBooks Payments

Change the QuickBooks Online subscription

Manage existing users



Where would you go to view a list of customer statements sent out in the current month?
Correct answer-Reports center > Statement List report




What 4 pieces of information does QuickBooks Online with Automated sales tax use to calculate
sales tax on an invoice?

The customer's payment terms

, QBO Certification Prep; Questions with Complete
Solutions 100% Verified
The customer's sales tax status

The quantity of the product or service still on hand

The tax category for the product or service

The location of the sale

The state where the company's registered Correct answer-The customer's sales tax status

The tax category for the product or service

The location of the sale

The state where the company's registered




Which 3 of these statements are true about the "Forward from email" option?

Users can only include one bill or receipt in one email

Multiple users can forward bills and receipts to the same custom email address

There's only one custom email address per QuickBooks Online company that can be used to
receive bills and receipts

Only PDF-format bills and receipts can be forwarded

Only company users with at least standard access with vendor permission can forward bills to
the custom email address Correct answer-Only company users with at least standard
access with vendor permission can forward bills to the custom email address




Multiple users can forward bills and receipts to the same custom email address

, QBO Certification Prep; Questions with Complete
Solutions 100% Verified
There's only one custom email address per QuickBooks Online company that can be used to
receive bills and receipts




Which 2 of these common issues does the Pay down credit card feature help to resolve?

Duplicate entries

Payments categorized to the wrong account

Payments being recorded as paid by check

Payments being recorded as an expense on the balance sheet Correct answer-Duplicate
entries



Payments categorized to the wrong account




What should you do if you notice a duplicate transaction in the bank feed? Correct
answer-Exclude the transaction



What is the Undeposited Funds account (also called Payments to deposit)?Select the correct
option from the dropdown.

The Undeposited Funds (or Payments to deposit) account is meant to be a

Select answer

holding account that tracks payments received from customers that

Select answer

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