Question 1
When are 2 times you might use the Setup screen in the Books review feature?
ANSWER
When changing chart of account names
When making adjustments to balance sheet account balances during the clean up process
Question 2
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
ANSWER
Question 3
Your client needs a QuickBooks Online solution that includes tracking for:
Sales
1
,Sales tax
Inventory
ANSWER
Plus
Question 4
Can users with the right permissions in a client-paid subscription add QuickBooks Online
Payroll or QuickBooks Time to their QuickBooks Online company?
ANSWER
Yes, by going to the Billing & subscription section in Account and Settings
Question 5
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?
ANSWER
Bundle
Question 6
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
2
,ANSWER
Access the client's other products, such as QuickBooks Payroll and QuickBooks Payments
Change the QuickBooks Online subscription
Manage existing users
Question 7
Where would you go to view a list of customer statements sent out in the current month?
ANSWER
Reports center > Statement List report
Question 8
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
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
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
3
, Question 9
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
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
There's only one custom email address per QuickBooks Online company that can be used to
receive bills and receipts
Question 10
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
ANSWER
Duplicate entries
Payments categorized to the wrong account
4
When are 2 times you might use the Setup screen in the Books review feature?
ANSWER
When changing chart of account names
When making adjustments to balance sheet account balances during the clean up process
Question 2
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
ANSWER
Question 3
Your client needs a QuickBooks Online solution that includes tracking for:
Sales
1
,Sales tax
Inventory
ANSWER
Plus
Question 4
Can users with the right permissions in a client-paid subscription add QuickBooks Online
Payroll or QuickBooks Time to their QuickBooks Online company?
ANSWER
Yes, by going to the Billing & subscription section in Account and Settings
Question 5
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?
ANSWER
Bundle
Question 6
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
2
,ANSWER
Access the client's other products, such as QuickBooks Payroll and QuickBooks Payments
Change the QuickBooks Online subscription
Manage existing users
Question 7
Where would you go to view a list of customer statements sent out in the current month?
ANSWER
Reports center > Statement List report
Question 8
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
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
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
3
, Question 9
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
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
There's only one custom email address per QuickBooks Online company that can be used to
receive bills and receipts
Question 10
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
ANSWER
Duplicate entries
Payments categorized to the wrong account
4
