QUICKBOOKS PROADVISOR CERTIFICATION EXAM
NEWEST 2024-2025 ACTUAL EXAM COMPLETE ALL
300 QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED
A+||BRAND NEW!!
While preparing your client's books for year end, you find some
transactions that may not have been recorded appropriately.
In which 2 of these cases could you use the Reclassify
transactions tool?
To change the expense account for billable expenses, but not the
income account for the related income transactions
To change the class and/or location for invoices, sales receipts,
checks, or bills with items (products or services) on them
To change the account or class for inventory adjustments
To change the payment account (bank or credit card) for
expenses - ANSWER- To change the expense account for
billable expenses, but not the income account for the related
income transactions
To change the class and/or location for invoices, sales receipts,
checks, or bills with items (products or services) on them
,2|Page
Which 3 of these steps should you complete before you close a
client's books?
Reconcile all bank and credit card accounts
Set the status of all the client's projects to Completed
Substantiate all balance sheet accounts
Disconnect any bank feed links
Review the profit and loss accounts - ANSWER- Reconcile all
bank and credit card accounts
Substantiate all balance sheet accounts
Review the profit and loss accounts
Which 3 of the actions below can be performed when using
progress invoicing in QuickBooks Online?
Copying line items directly from an estimate to a bill
Copying line items directly from an estimate onto an invoice
Editing individual invoice lines to change their amounts
Calculating the percentages of line-items on an estimate to be
invoiced on invoices
,3|Page
Creating multiple estimates from the same estimate - ANSWER-
Copying line items directly from an estimate to a bill
Calculating the percentages of line-items on an estimate to be
invoiced on invoices
Editing individual invoice lines to change their amounts
Which 3 billable charges can you invoice at a later date in
QuickBooks Online?
Delayed charges
Billable stationery
Estimates
Billable expenses
Billable time - ANSWER- Billable time
Delayed charges
Billable expenses
Which words correctly complete this statement about working
with inventory in QuickBooks Online?
Select the correct option from the dropdown.
Recording the purchase of an inventory item
, 4|Page
Select answer
the Inventory Asset account on the balance sheet by the quantity
multiplied by the cost, and
Select answer
the Quantity on Hand units for that item. - ANSWER- Increases
Also Increases
Your client has made a tax payment on the relevant state's
website. What should you do to record the payment for the
client? - ANSWER- Select View return for the required tax
return, then select Record Payment
What are the 2 recognized methods of recording and managing
prepayments to vendors in QuickBooks Online?
Write a check or create a bill, and record the prepayment to an
Other Current Asset (OCA) account, increasing the balance until
you're ready to pay the final bill
Write a check to the vendor recording the prepayment to a
Retainers Expense account, then create a vendor credit to adjust
the vendor bill for the amount of the total retainers
Use the Pay Bills function to pay a vendor bill, but don't apply
the payment to the bill yet
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