QUICKBOOKS ONLINE CERTIFICATION
EXAM QUESTIONS WITH VERIFIED
ANSWERS
How do you create a recurring invoice in QuickBooks Online? - Answer-Start from
existing transaction and create a template by clicking Make Recurring
Which of the following are benefits of using the Online Invoicing Portal? - Answer-
Clients can correspond with their customers regarding invoice details
What is the difference between an Invoice and a Sales Receipt? - Answer-A Sales
Receipt is meant to record an immediate acceptance of payment while an Invoice
represents an expected payment in the future
What are posting transactions related to sales? - Answer-Invoice
Receive P
ayment
Credit m
emo
Sales r
eceipt
Refund
What are non-posting transactions related to sales? - Answer-Estimate
Delayed charge
Delayed
credit
When you record a charge to a customer on a sales form, what account does the line
item charge post to? - Answer-The account mapped in the income account field in the
sales information section of the product / service item
If you do not use sales form or a product/service item, what account does the item
charge post to? - Answer-The income account you selected from the dropdown field
How is a Credit Memo different from a Refund Receipt? - Answer-A Credit Memo
affects Accounts Receivable
, Which of the following is not a feature of Online Invoices? - Answer-Shows total balance
for customer for all open invoices
Which of the following can be used for drafting bank accounts (ACH payment) in
QuickBooks Online? - Answer-QuickBooks Payments' Pay Now button on an Online
Invoice
The Bill screen is best used for which of the following tasks? - Answer-To record bills to
be paid later
You have received a shoebox full of receipts from a customer to enter into QuickBooks
Online. They are not sorted in any way, and they include check stubs from different
bank accounts, receipts for cash expenditures, and credit card slips from different cards.
Of the following options, which is the most efficient way to get them entered into
QuickBooks Online? - Answer-Use the Expense function and specify the bank, cash or
credit card account in each transaction
What is a benefit of recording expenditures on bills using product / service items instead
of accounts? - Answer-Use of Purchase reports
Which of the following transactions can be recorded using the Expense feature? -
Answer-Credit Card Expense
Which transactions are non-posting transaction when it comes to purchases? - Answer-
Purchase Order
Billable Expenses
Which transactions are posting transactions when it comes to purchases? - Answer-
Expense
Cash Expense
Credit Card Expense
Check
Bill
Bill Payment(Check or Credit Card)
Vendor Credit
Credit card sales
Sales tax payment
EXAM QUESTIONS WITH VERIFIED
ANSWERS
How do you create a recurring invoice in QuickBooks Online? - Answer-Start from
existing transaction and create a template by clicking Make Recurring
Which of the following are benefits of using the Online Invoicing Portal? - Answer-
Clients can correspond with their customers regarding invoice details
What is the difference between an Invoice and a Sales Receipt? - Answer-A Sales
Receipt is meant to record an immediate acceptance of payment while an Invoice
represents an expected payment in the future
What are posting transactions related to sales? - Answer-Invoice
Receive P
ayment
Credit m
emo
Sales r
eceipt
Refund
What are non-posting transactions related to sales? - Answer-Estimate
Delayed charge
Delayed
credit
When you record a charge to a customer on a sales form, what account does the line
item charge post to? - Answer-The account mapped in the income account field in the
sales information section of the product / service item
If you do not use sales form or a product/service item, what account does the item
charge post to? - Answer-The income account you selected from the dropdown field
How is a Credit Memo different from a Refund Receipt? - Answer-A Credit Memo
affects Accounts Receivable
, Which of the following is not a feature of Online Invoices? - Answer-Shows total balance
for customer for all open invoices
Which of the following can be used for drafting bank accounts (ACH payment) in
QuickBooks Online? - Answer-QuickBooks Payments' Pay Now button on an Online
Invoice
The Bill screen is best used for which of the following tasks? - Answer-To record bills to
be paid later
You have received a shoebox full of receipts from a customer to enter into QuickBooks
Online. They are not sorted in any way, and they include check stubs from different
bank accounts, receipts for cash expenditures, and credit card slips from different cards.
Of the following options, which is the most efficient way to get them entered into
QuickBooks Online? - Answer-Use the Expense function and specify the bank, cash or
credit card account in each transaction
What is a benefit of recording expenditures on bills using product / service items instead
of accounts? - Answer-Use of Purchase reports
Which of the following transactions can be recorded using the Expense feature? -
Answer-Credit Card Expense
Which transactions are non-posting transaction when it comes to purchases? - Answer-
Purchase Order
Billable Expenses
Which transactions are posting transactions when it comes to purchases? - Answer-
Expense
Cash Expense
Credit Card Expense
Check
Bill
Bill Payment(Check or Credit Card)
Vendor Credit
Credit card sales
Sales tax payment
