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QuickBooks Exam 2 Questions and Complete Solutions Graded A+.
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QuickBooks Exam 2 Questions and Complete Solutions Graded A+.
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QuickBooks Exam 2Questions and Complete
Solutions Graded A+
Which report should you run to list all customers who currently owe balances and how old the balances
are? - Answer: A/R Aging Summary
*What steps will take you to a client's QuickBooks online company from QuickBooks online accountant?
- Answer: -Selecting the QB icon next to their name on the client list
Some of the tools are available elsewhere as some can only be found here for example trial balance,
voided deleted transactions, and write off invoices. - Answer: -The Accountant Toolbox
On the dashboard what information can you see displayed? select all the options that are Correct. -
Answer: -Income and sales data
-profit and loss figures
-expenses
-credit card balances
-bank balances.
Which of the following are futures of a client QuickBooks online company? - Answer: A QuickBooks
company is made up of list and transactions
-there are multiple entry points for finding different lists and transactions
-as an accountant user you have an additional drop-down menu in your client's company
-setting and tools can be accessed from the gear icon
The.... lists each customer with an open balance. It lists the open invoices in different columns based on
whether they are current or how far is been overdue 30, 60 or 90+ days.
, *What kind of report is being described here? - Answer: A/R aging Summary Report
On the prep for Texas screen has been reviewed and the data is ready to hand off to the tax preparer,
which three tax options are available - Answer: -Create new return
-Update an existing return
-Export CSV file
What two options in a QuickBooks online profit and loss report will quickly show a client how much
income and expenses were incurred over the past two years? - Answer: -Compare another period
-Report Period
Stacy wants to be able to run reports in QuickBooks online that will tell her which vendors provide the
best prices on the products she sells.
*Which to Vendor workflows will enable her to create a report with his data? - Answer: Create bill with
product/service items > pay bills
-Create expense with product / service items
*What are three ways to add receipts to QuickBooks online receipt capture? - Answer: Snap a picture via
the mobile app
-Forward a receipt to email from the registered email address
-Upload a picture via a browser
*What are three important reasons to reconcile bank and credit card accounts at set dates? - Answer: -
To verify transactions, have the correct date assigned to them
-to verify that an account balance is within its credit limit
-to verify that all transactions have been recorded for the period
*Which option explains how to enable email recipient forwarding in QuickBooks online? - Answer: select
banking > receipts > register your email to get started
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