QuickBooks (2026 Updated) – Complete Training, Practice Exams & Certification
Study Guide
To record transactions from uploaded receipts in Quickbooks Online - correct answer ✔✔Creta
the expense, then go to the Receipt Center to verify the matches receipt was automatically
attached.
What is the purpose of a Balance Sheet - correct answer ✔✔Report assets, liabilities, and
shareholder equity.
Which money-out report will list all your bills that are past due including the vendor's name and
contact telephone number, The amount, due date, Number of days past due, andopen balance -
correct answer ✔✔Unpaid Bills
Which of the following formats are NOT available for QuickBooks online reports?
• export to Google sheets
• email
• Save as a PDF
• Export to Excel - correct answer ✔✔Export to Google sheets
We need to know the date a change was made to your books, The name of the user who made
the change, and the type of change that was made. What should you view in QuickBooks online
to obtain this information? - correct answer ✔✔Audit log
Best for small service business owners reporting business income on schedule C of their
personal tax return, have no employees, And only issue a few invoices per week - correct
answer ✔✔Self-employed
,Best for small service businesses that have employees and issue invoices regularly - correct
answer ✔✔Simple start
Best for small businesses needing to assign hours worked to customers, track bills do, and
provide access for up to three users - correct answer ✔✔Essentials
Best for retailers, wholesalers, contractors, and other small businesses requiring inventory
tracking, Job costing, budgeting, And access for up to five users - correct answer ✔✔Plus
Best for small and midsize businesses (SMBs) wanting more detailed reporting, custom user
permissions, A dedicated support manager, And access for up to 25 users - correct answer
✔✔Advanced
This role can manage all users and admin task. By default, This role is the person who initially
set up the QuickBooks account - correct answer ✔✔Primary admin
This role is available only in QuickBooks online advanced - correct answer ✔✔Company admin
This role is available only in QuickBooks online advanced. This user can have specific access to
areas in QuickBooks online. For example, You can allow a customer user to see only the bank
deposit screen - correct answer ✔✔Custom user
In all versions of QuickBooks online, this role can be set to specific levels of access. For example,
this role can work with customers, sales, Vendors, and expenses. These users can enter
timesheets, add users, update company info, or manage subscriptions. - correct answer
✔✔Standard user
The close the book feature in QuickBooks online has two benefits - correct answer ✔✔• users
cannot change transactions in a closed period.
• it generates a Closing Date Detail report.
, A company makes a sale and records the expected revenue as an accounts receivable
transaction. - correct answer ✔✔Accrual Accounting
Provide a more accurate picture of the probability of a company because it includes accounts
receivables and payables - correct answer ✔✔Accrual Accounting
A company makes a sale, but revenue is not realized until the invoice is paid - correct answer
✔✔Cash basis accounting
The most common method of accounting - correct answer ✔✔Cash basis accounting
Which three tasks can be automated?
• payroll
• Financial reporting
• Overdue payment reminders
• auditing
• inventory - correct answer ✔✔Payroll
Financial reporting
Overdue payment reminders
Buyers name, contact information, billing addresses, and payment terms are found on the — -
correct answer ✔✔Customer list
Supplier names, contact information, billing addresses, and payment terms are found on the —
- correct answer ✔✔Vendor list
Study Guide
To record transactions from uploaded receipts in Quickbooks Online - correct answer ✔✔Creta
the expense, then go to the Receipt Center to verify the matches receipt was automatically
attached.
What is the purpose of a Balance Sheet - correct answer ✔✔Report assets, liabilities, and
shareholder equity.
Which money-out report will list all your bills that are past due including the vendor's name and
contact telephone number, The amount, due date, Number of days past due, andopen balance -
correct answer ✔✔Unpaid Bills
Which of the following formats are NOT available for QuickBooks online reports?
• export to Google sheets
• Save as a PDF
• Export to Excel - correct answer ✔✔Export to Google sheets
We need to know the date a change was made to your books, The name of the user who made
the change, and the type of change that was made. What should you view in QuickBooks online
to obtain this information? - correct answer ✔✔Audit log
Best for small service business owners reporting business income on schedule C of their
personal tax return, have no employees, And only issue a few invoices per week - correct
answer ✔✔Self-employed
,Best for small service businesses that have employees and issue invoices regularly - correct
answer ✔✔Simple start
Best for small businesses needing to assign hours worked to customers, track bills do, and
provide access for up to three users - correct answer ✔✔Essentials
Best for retailers, wholesalers, contractors, and other small businesses requiring inventory
tracking, Job costing, budgeting, And access for up to five users - correct answer ✔✔Plus
Best for small and midsize businesses (SMBs) wanting more detailed reporting, custom user
permissions, A dedicated support manager, And access for up to 25 users - correct answer
✔✔Advanced
This role can manage all users and admin task. By default, This role is the person who initially
set up the QuickBooks account - correct answer ✔✔Primary admin
This role is available only in QuickBooks online advanced - correct answer ✔✔Company admin
This role is available only in QuickBooks online advanced. This user can have specific access to
areas in QuickBooks online. For example, You can allow a customer user to see only the bank
deposit screen - correct answer ✔✔Custom user
In all versions of QuickBooks online, this role can be set to specific levels of access. For example,
this role can work with customers, sales, Vendors, and expenses. These users can enter
timesheets, add users, update company info, or manage subscriptions. - correct answer
✔✔Standard user
The close the book feature in QuickBooks online has two benefits - correct answer ✔✔• users
cannot change transactions in a closed period.
• it generates a Closing Date Detail report.
, A company makes a sale and records the expected revenue as an accounts receivable
transaction. - correct answer ✔✔Accrual Accounting
Provide a more accurate picture of the probability of a company because it includes accounts
receivables and payables - correct answer ✔✔Accrual Accounting
A company makes a sale, but revenue is not realized until the invoice is paid - correct answer
✔✔Cash basis accounting
The most common method of accounting - correct answer ✔✔Cash basis accounting
Which three tasks can be automated?
• payroll
• Financial reporting
• Overdue payment reminders
• auditing
• inventory - correct answer ✔✔Payroll
Financial reporting
Overdue payment reminders
Buyers name, contact information, billing addresses, and payment terms are found on the — -
correct answer ✔✔Customer list
Supplier names, contact information, billing addresses, and payment terms are found on the —
- correct answer ✔✔Vendor list
