QuickBooks Online Midterm Exam (2026 Updated) – Practice Test, Study Guide & Certification
Review Questions
The gear icon is where you: - correct answer ✔✔Manage users and modify or change company
settings
The list of accounts and account numbers used to capture and track transactions is known as: -
correct answer ✔✔Chart of Accounts
When you run a report in Quickbooks online you can only print that report: - correct answer
✔✔False
Once you set up your company settings, you can never change them: - correct answer ✔✔False
A company's QBO system is updated: - correct answer ✔✔Automatically by Intuit
What types of things are you able to do with the "+" (create) icon? - correct answer ✔✔Invoice
a customer and Enter Bills
When you delete an account from the chart of accounts, it is gone forever: - correct answer
✔✔False
Every sub account in QBO must have: - correct answer ✔✔a parent account
Identify the typical sequence of the following steps: - correct answer ✔✔1) invoice customer
2) Receive pmts
3) Bank deposit
Review Questions
The gear icon is where you: - correct answer ✔✔Manage users and modify or change company
settings
The list of accounts and account numbers used to capture and track transactions is known as: -
correct answer ✔✔Chart of Accounts
When you run a report in Quickbooks online you can only print that report: - correct answer
✔✔False
Once you set up your company settings, you can never change them: - correct answer ✔✔False
A company's QBO system is updated: - correct answer ✔✔Automatically by Intuit
What types of things are you able to do with the "+" (create) icon? - correct answer ✔✔Invoice
a customer and Enter Bills
When you delete an account from the chart of accounts, it is gone forever: - correct answer
✔✔False
Every sub account in QBO must have: - correct answer ✔✔a parent account
Identify the typical sequence of the following steps: - correct answer ✔✔1) invoice customer
2) Receive pmts
3) Bank deposit
