QuickBooks Online Certification Exam
What type of business relies on knowing their inventory at all
times? correct answersB2B Wholesale businesses
*** Managing inventory and avoiding out-of-stock situations is critical to the
success of what type of business, as well as understanding cash flow and
balance sheets? correct answersRetail and e-commerce businesses
What are the three different ways to get information into QuickBooks
Online? correct answers1. Convert data in existing QuickBooks Desktop
software
2.Import customers, vendors, Chart of Accounts, and products and
services lists from Excel
3. Enter all data manually
What are the five different subscription plans available on QuickBooks
Online? correct answersSelf-Employed, Simple Start, Essentials, Plus, and
Advanced
What is considered the backbone of accounting software? correct
answersThe Chart of Accounts, including all assets, liabilities, income and
expenses
In wholesale billing, who is billed monthly for the subscription of
QBO? correct answersthe Accountant
How much does the Accountant user pay for wholesale billing? correct
answers50% wholesale discount
What is a perk of wholesale billing? correct answersThe Accountant user
decides how the clients will be billed.
What are three others advantages of wholesale billing? correct
answersbundling expenses, easy tracking, and switch anytime
How do you add a new client? correct answers1. Go to Client Dashboard in
QuickBooks Online Accountant
4. Select Add Client
5. Enter the business info
How do existing users add you as you as their Accountant on QBO? correct
answers1. Tell them to go to My Accountant in the left hand navigational
panel
6. Send email
7. Accept invite
8. Sign in using QBO account information
What type of business relies on knowing their inventory at all
times? correct answersB2B Wholesale businesses
*** Managing inventory and avoiding out-of-stock situations is critical to the
success of what type of business, as well as understanding cash flow and
balance sheets? correct answersRetail and e-commerce businesses
What are the three different ways to get information into QuickBooks
Online? correct answers1. Convert data in existing QuickBooks Desktop
software
2.Import customers, vendors, Chart of Accounts, and products and
services lists from Excel
3. Enter all data manually
What are the five different subscription plans available on QuickBooks
Online? correct answersSelf-Employed, Simple Start, Essentials, Plus, and
Advanced
What is considered the backbone of accounting software? correct
answersThe Chart of Accounts, including all assets, liabilities, income and
expenses
In wholesale billing, who is billed monthly for the subscription of
QBO? correct answersthe Accountant
How much does the Accountant user pay for wholesale billing? correct
answers50% wholesale discount
What is a perk of wholesale billing? correct answersThe Accountant user
decides how the clients will be billed.
What are three others advantages of wholesale billing? correct
answersbundling expenses, easy tracking, and switch anytime
How do you add a new client? correct answers1. Go to Client Dashboard in
QuickBooks Online Accountant
4. Select Add Client
5. Enter the business info
How do existing users add you as you as their Accountant on QBO? correct
answers1. Tell them to go to My Accountant in the left hand navigational
panel
6. Send email
7. Accept invite
8. Sign in using QBO account information
