Quickbooks Certification Exam Questions With Correct Answers.
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Course
Quickbooks Certification
Institution
Quickbooks Certification
Quickbooks Certification Exam Questions
With Correct Answers.
Which 2 QuickBooks Online billing options include a discount on QuickBooks Time?
A. ProAdvisor discount
B. Direct discount
C. Revenue share - answerA. ProAdvisor discount
B. Direct discount
Where would you go to enable account num...
EXAM STUDY MATERIALS July 30, 2024 11:26 AM Quickbooks Certification Exam Questions With Correct Answers. Which 2 QuickBooks Online billing options include a discount on QuickBooks Time? A. ProAdv isor discount B. Direct discount C. Revenue share - answer✔✔A. ProAdvisor discount B. Direct discount Where would you go to enable account numbering in the chart of accounts? A. The Chart of accounts tab in Account and Settings B. The Customization option from Accountant Tools C. The Advanced tab in Account and Settings D. The Enable account numbers slider from the Chart of Accounts screen - answer✔✔C. The Advanced tab in Account and Settings A client tells you they can't convert an estimate to a purchase o rder. Which 2 of these might be the reason? A. They haven't added QuickBooks Payments to their company B. They use QuickBooks Online Simple Start or Essentials C. They haven't enabled purchase orders in Account and Settings D. They're not set up as Company admin E. The estimate hasn't been sent - answer✔✔B. They use QuickBooks Online Simple Start or Essentials C. They haven't enabled purchase orders in Account and Settings Which feature in QuickBooks Online allows you to apply a refund to an existing or future bill? A. Delayed charge B. Vendor credit EXAM STUDY MATERIALS July 30, 2024 11:26 AM C. Delayed credit D. Credit memo - answer✔✔B. Vendor credit How could a client move funds from a savings account into a checki ng account? A. That kind of transaction can only be created and recorded by an accountant via Accountant Tools in QuickBooks Online Accountant B. By using the Transfer feature by selecting + New, then Transfer, and entering the details C. By using the Rece ive payment feature by selecting + New, then Receive payment and selecting Checking in the Deposit to field D. By navigating to the Banking center, selecting Add transfer, and entering the details - answer✔✔B. By using the Transfer feature by selecting + N ew, then Transfer, and entering the details One of your retail clients has had a store for about 2 years and, due to demand, is hoping to open a second store. They've asked you how much money they can afford to spend. Which report would you suggest they us e? A. Profit and Loss report B. Balance Sheet report C. Expenses by Vendor Summary report D. Accounts Payable (A/P) report - answer✔✔B. Balance Sheet report A client who pays for their QuickBooks Online subscription directly wants to upgrade their subscrip tion level. Where in QuickBooks Online Accountant would you find the link to do this? A. In the Subscriptions and billing section, on the Accountant -billed subscriptions tab B. In the Clients menu from the left -hand navigation, under the Actions column C. In the Subscriptions and billing section, on the Client -billed subscriptions tab D. In the Accountant Tools panel, under Quick Links - answer✔✔C. In the Subscriptions and billing section, on the Client -billed subscriptions tab Your client has been using th e QuickBooks Online Mileage Tracker throughout the year. It's nearing year end and you're preparing the log for auto expense deduction. Which 3 of the tasks below should be completed to prepare the log for auto expense deductions at year end? A. Look for v ehicle changes (bought or sold) EXAM STUDY MATERIALS July 30, 2024 11:26 AM B. View all the recorded trips, ensuring none are left unreviewed C. Set the dollar rate per mile manually D. Check the calculated mileage E. Reconcile the Reimbursable mileage account - answer✔✔A. Look for vehicle changes (bought or sold) B. View all the recorded trips, ensuring none are left unreviewed D. Check the calculated mileage Which of these statements about estimates in QuickBooks O nline Plus and Advanced are true? Select all that apply. A. Estimates are posting transactions B. Estimate data can be used to create a purchase order C. Estimate data can be used to create a vendor credit D. Estimate data can be used to create an invoice - answer✔✔B & D Which billing options allow clients to pay their QuickBooks Online subscription fees directly themselves? Select all that apply. A. ProAdvisor discount B. Revenue share C. Direct discount D. Only clients who sign up for QuickBooks Online th emselves are billed directly - answer✔✔B & C Which of the following are benefits of using QuickBooks Time? Select all that apply. A. It offers easy access to timesheets anywhere B. It automates the 1099 filing process C. It allows administrators to schedul e the work of the business D. It offers specific time -related reports E. It allows employees to manage each other's timesheets - answer✔✔A, C, D Which option from the left -hand navigation would you select to locate the Client onboarding template? A. Apps EXAM STUDY MATERIALS July 30, 2024 11:26 AM B. Work C. Team D. ProAdvisor - answer✔✔B. Work Which of the following options is NOT true regarding editing a chart of accounts? A. Account numbers can be up to 20 digits long B. All transactions are deleted from an account if you make it inactive C. Mergi ng accounts isn't possible for all account types D. You can make an account active once it has been made inactive - answer✔✔B. All transactions are deleted from an account if you make it inactive Where can you go to import a customer list into QuickBooks Online? Select all that apply. A. Customer types, then select Import customers B. The Gear icon, then select Import data C. The Gear icon, then select Account and settings D. New customer, then sel ect Import customers E. The down arrow by New customer, then select Import customers - answer✔✔B & E Which of the following statements about adding sub -categories to the product and services list are correct? Select all that apply. A. You can only add 1 su b-category level to a product category B. You can edit existing product/service items to assign them to a sub -category C. You can only add up to 4 category and sub -category levels, including the parent D. You can create a sub -category when you're setting u p a new product/service item E. You can only assign a product or service item to a sub -category when you're setting it up for the first time - answer✔✔B. You can edit existing product/service items to assign them to a sub -
category C. You can only add up to 4 category and sub -category levels, including the parent You can only add a product sub -category when you select New category from the Product Categories list. Once you've created a sub -category, you can assign new and existing product/service items to i t. What should you select to remove a vendor from the list?
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