Quickbooks Online Exam (Updated) Exam Questions with 100% Correct Answers Latest 2023

Can you delete or make inactive something on a list if it has a balance (e.g. Customer, Vendor, or Stock Product, or Account)? Correct Answer Yes, QuickBooks will automatically create a transaction to make the balance zero. While setting up a QuickBooks Online account, you accidentally entered th...

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. Correct Answer 1. Click the Company menu and choose Manage Users. 2. In the Manage Users screen, click New. 3. For User Ty...

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? Correct Answer Features and solutions Client profile Needs assessment Which 4 list types can be directly imported into Qui...

Q: Direct billing option means? Correct Answer A: The client pays intuit directly for the QB subscriptions Q: There are four types of products and services Correct Answer A: Inventory, non-inventory, service, and bundle Q: You want to pass on some of your costs directly to customers in Quickbo...

What type of business relies on knowing their inventory at all times? Correct Answer 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? Correct Answer Reta...

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. Correct Answer True You are adding a new customer to Quickbooks Online. You...

Complete the following statement: The QuickBooks Online ____________ is a platform that you and your clients can use to build the perfect solution, by adding ___________ that bring additional functionality. Correct Answer 1. ecosystem; 2. apps How many points does your firm need to reach the plat...

Can a Profit and Loss show profit when there's no money in the bank? If yes, why? Correct Answer Yes because your customers haven't paid you yet What are the major parts of the Balance Sheet? Correct Answer assets, liabilities, and net worth or equity What part of the balance sheet would Acc...

Which QuickBooks® Online subscription is most popular? Correct Answer Plus If you need to manually enter a transaction for a missing expense, which option would you choose? Correct Answer + New Icon What is the recommended browser for QuickBooks Online? Correct Answer Chrome When looking a...

Quickbooks online, what is the difference between voiding and deleting a check? Correct Answer 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 B...