Quickbooks Online Certification Exam (2024/ 2025) Questions and Verified Answers| Grade A| 100% Correct

Quickbooks Online Certification Exam (2024/ 2025) Questions and Verified Answers| Grade A| 100% Correct Q: Select the statement that's true about that Apps tab in QuickBooks Answer: Use it to find an app designed for specific business function that also syncs with QuickBooks so you don't have to enter data twice Q: Select the statement that's NOT true about using the QuickBooks app on a mobile device Answer: You can do everything (all QuickBooks functionality) on the app that can do in your regular QuickBooks (using a browser). Q: Select the statement that's true about using the QuickBooks app on a mobile device Answer: All of the above Q: Subcustomers can make tracking jobs/projects or locations for a particular customer easy. One of your customers just called to request work on their new location. How do you keep track of this in QuickBooks? Answer: Create a new customer and tick the option "is sub customer" Q: The Accounts Payable Aging report can help you stay on top of your business because it lists which of the following? Answer: You can view what is owed or overdue bills. Q: The Name field (customer/vendor) is optional on Invoices and Bills Answer: False Q: To speed up the set up process you can import certain lists in QuickBooks. Which of the following CAN be imported? Answer: Chart of Accounts, products and services, customers, vendors Q: Two customers with unpaid invoices paid you in cash today. Hooray! You really needed that money because your bank balance is almost zero! You immediately run to the bank and deposit the $1000 in cash (you received $500 from each customer). Here's the issue. The bank statement will show just ONE deposit of $1000. However, you received 2 payments of $500 each. Put the steps of recording these payments , so your Bank Register shows ONE deposit of $1000, in the correct order. Answer: 1. Click Receive payment next to Customer 1 2. Record the payment and deposit the money to "Undeposited Funds" 3. Click Receive payment next to customer 2 4. Record the payment and deposit the money to "Undeposited Funds