Section 2 (QuickBooks) Exam Questions with Latest Update
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Course
Quickbooks online
Institution
Quickbooks Online
️1. What are the steps to import a list of products and services in QuickBooks Online? - Answer-Select + New icon > Tools column > Import Data > Products and Services
Select Accountant Tools > Tools column > Import Data > Products and Services
Select Gear icon > Tools ...
Section 2 (QuickBooks) Exam Questions
with Latest Update
⭐️1. What are the steps to import a list of products and services in QuickBooks Online?
- Answer-Select + New icon > Tools column > Import Data > Products and Services
Select Accountant Tools > Tools column > Import Data > Products and Services
✅ Select Gear icon > Tools column > Import Data > Products and Services
1. You want to add a new Product and Services entry to your client's QuickBooks Online
company. The service is installation of a server that doesn't include the cost of the
hardware. Here are some steps for getting the job done.
1. Select the Gear icon, select Products and Services, then select New
2. _____________________________________________
3. In the Name field, type Server installation
4. In the Sales information field, type Server installation
5. Sale price/rate is $1250
6. In the Income Account drop-down, select Service/Fee Income
7. Select Save and close
Which option correctly completes Step 2? - Answer-Select Product
Select Inventory
✅ Select Service
Select Non-inventory
Select Bundle
⭐️ 2. Which statement is true regarding the Preferred Vendor field in Product and
Services items? - Answer-You can add more than one preferred vendor to each
product/service item
✅ You can create a new vendor from the product/service information screen
Preferred vendors must be assigned to utilize the Price rules feature
You can reorder your list of preferred vendors
, 2. When setting up a product/service item, what box needs to be selected to assign a
preferred vendor? - Answer-I want to turn on inventory tracking
I sell this product/service to my customers
I want to choose a new category
✅ I purchase this product/service from a vendor
⭐️3. What are 2 ways to add a customer to QuickBooks Online? - Answer-✅ Sales >
Customers > Add New
+ New > Add Customer
Sales > All Sales
❓ Gear icon > Add Customer
Gear icon > Import Data
⭐️ 4. Which of the following buttons could you use to add a new vendor or find the link
to import a vendor list into QuickBooks Online? - Answer-The New Vendor button in the
Vendors tab of the Sales screen
✅ The New Vendor button in the Vendors tab of the Expenses screen
The New Vendor button in the Expenses tab of the Expenses screen
The Enter Vendor Details button in the Expenses tab of the Sales screen
⭐️ 5. Which 2 statements are true when creating an OAuth bank connection in
QuickBooks Online? - Answer-❗️ Some banks require the primary account holder to
establish the OAuth connection to the bank
You must add all accounts linked to the online banking user to QuickBooks Online
You can only import 30 days of bank activity into QuickBooks Online
✅ Not all banks and financial institutions support the OAuth bank connection
5. Where should you go to set up a new bank feed or link to a bank account in a client's
QuickBooks Online company? - Answer-Expenses Center
Accounting Center
Sales Center
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