QuickBooks Online Advanced – End of Period Activities (2026 Updated) Practice Guide, Exam
Questions & Study Notes
What issues might you need to fix relating to lists in a QBO Company at Period End - correct
answer ✔✔Vendor and Customer Lists are too Long
There are duplicates in Products and Services Item List
Double Sided Items have not been set up to post to expense accounts for Purchase Payments
have been reports to the wrong sub customer
How can you use the Audit Log at Period End? - correct answer ✔✔Filter and Search for
Changes to lists and look for changes to accounts
Delete unused accounts to make inactive
Merge Duplicate Accounts (Merging is not reversible)
What happens if you make an account inactive - correct answer ✔✔Prior year reports will show
deleted after the name
What happens when you try to make a Balance sheet account inactive? - correct answer
✔✔You will get an error message that there will be a non zero account
Quickbooks will create a JE to zero it out to OPE. The date is the day of deletion
Best Practice is to reclass balance before deleting
If reports are run for prior periods it will show deleted after the name of the account
What are some checks at period end that will identify issues - correct answer ✔✔Check
Customer and Vendor Lists for duplicates
Have Client Identyify customers they no longer due business with
Identify completed jobs
Make inactive
Questions & Study Notes
What issues might you need to fix relating to lists in a QBO Company at Period End - correct
answer ✔✔Vendor and Customer Lists are too Long
There are duplicates in Products and Services Item List
Double Sided Items have not been set up to post to expense accounts for Purchase Payments
have been reports to the wrong sub customer
How can you use the Audit Log at Period End? - correct answer ✔✔Filter and Search for
Changes to lists and look for changes to accounts
Delete unused accounts to make inactive
Merge Duplicate Accounts (Merging is not reversible)
What happens if you make an account inactive - correct answer ✔✔Prior year reports will show
deleted after the name
What happens when you try to make a Balance sheet account inactive? - correct answer
✔✔You will get an error message that there will be a non zero account
Quickbooks will create a JE to zero it out to OPE. The date is the day of deletion
Best Practice is to reclass balance before deleting
If reports are run for prior periods it will show deleted after the name of the account
What are some checks at period end that will identify issues - correct answer ✔✔Check
Customer and Vendor Lists for duplicates
Have Client Identyify customers they no longer due business with
Identify completed jobs
Make inactive
