QBO Certification Prep; Questions with Complete Solutions 100% Verified
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Course
QBO Certificaiton
Institution
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...
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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