ProAdvisor Certification Prep with
100% correct answers(verified for
accuracy)
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
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
Your client needs a QuickBooks Online solution that includes
tracking for:
Sales
Sales tax
Inventory - answer Plus
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
,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
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 - answer Access the client's other products,
such as QuickBooks Payroll and QuickBooks Payments
Change the QuickBooks Online subscription
Manage existing users
Where would you go to view a list of customer statements sent out
in the current month? - answer Reports center > Statement List
report
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
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
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
What should you do if you notice a duplicate transaction in the bank
feed? - answer Exclude the transaction
What is the Undeposited Funds account (also called Payments to
deposit)?Select the correct option from the dropdown.
The Undeposited Funds (or Payments to deposit) account is meant
to be a
Select answer
holding account that tracks payments received from customers that
Select answer
been deposited to your client's bank account. Its main purpose is to
make reconciliation easier by
Select answer
. - answer Temporary
Have Not
Combining Multiple Transactions into a single record
Which 3 statements about how QuickBooks Online applies bank
rules are true?
Only one rule is applied per bank activity
Credit rules are applied before debit rules
The first rule that fits a bank activity is the one applied
All rules are applied to each bank activity
Reordering the rules list allows you to control which rule to apply -
answer
In which 4 of these situations would you use the Additional
payments to deposit on a Deposit transaction?
100% correct answers(verified for
accuracy)
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
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
Your client needs a QuickBooks Online solution that includes
tracking for:
Sales
Sales tax
Inventory - answer Plus
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
,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
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 - answer Access the client's other products,
such as QuickBooks Payroll and QuickBooks Payments
Change the QuickBooks Online subscription
Manage existing users
Where would you go to view a list of customer statements sent out
in the current month? - answer Reports center > Statement List
report
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
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
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
What should you do if you notice a duplicate transaction in the bank
feed? - answer Exclude the transaction
What is the Undeposited Funds account (also called Payments to
deposit)?Select the correct option from the dropdown.
The Undeposited Funds (or Payments to deposit) account is meant
to be a
Select answer
holding account that tracks payments received from customers that
Select answer
been deposited to your client's bank account. Its main purpose is to
make reconciliation easier by
Select answer
. - answer Temporary
Have Not
Combining Multiple Transactions into a single record
Which 3 statements about how QuickBooks Online applies bank
rules are true?
Only one rule is applied per bank activity
Credit rules are applied before debit rules
The first rule that fits a bank activity is the one applied
All rules are applied to each bank activity
Reordering the rules list allows you to control which rule to apply -
answer
In which 4 of these situations would you use the Additional
payments to deposit on a Deposit transaction?
