QuickBooks Inuit Certification 2nd Try
For which two reasons should you correct your online bank accounts to
QuickBooks Online? (Choose 2) correct answersA) To automatically
download and categorize your bank and credit card transactions.
C) To help prevent data entry errors
In QuickBooks Online, which items should you mark as Billable? correct
answersD) Expenses for which a customer should reimburse you
Identify the difference between recording expenses on a bill and on a
check Complete the sentences by selecting the correct option from
each drop down list. correct answersA bill debits E and credits AP
A check debits AP and credits BANK
A vendor currently has payment terms of Net 10. The terms change to Net
15 starting today for all future bills. This is a new term that you have not
used before
Which two actions must you complete to support this change? (Choose 2)
correct answersB) In the All Lists area, go to the Terms list. Add the term
"Net 15" to the list
D) Edit the vendor record. In the Terms list, select Net 15
You own a retail clothing store. You are setting up QuickBooks Online for your
store You are adding items that you buy or sell to QuickBooks Online
Products and Services For each item you buy or sell, indicate whether it is an
Inventory item or a Non-inventory item
1) Hangers on which you display shirts
2) Shirts you regularly stock and sell to customers
3)A shirt you order for a specific customer but do not usually sell
correct answers1) Non-inventory
2) Inventory
3) Non-inventory
What information does an Accounts Receivable Aging report present?
correct answersA) Overdue invoices with due dates, days past due,
and totals for each customer
You are customizing a Profit and Loss
report. You need to display two date
ranges side by side.
Which setting should you configure? Select the correct setting in the
answer area. correct answers"This Year-to-date"
For each statement about QuickBooks Online default user types, select
True or False
, 1) Time tracking-only and Reports-only user types do not count toward user
limits
2)Standard users can enter timesheets, add users, update company
info, or manage subscriptions.
3)The Master Admin user is a permanent user account and its
controls cannot be transferred or assigned to a new user. correct
answers1) True
2) True
3) False
Which lists can you import into QuickBooks Online Plus from the Import
Data screen? correct answersB) Products and Services
For which three reasons would you install QuickBooks Online apps? (Choose
3) correct answersB) To automate tasks such as data entry
D) To add additional data tracking and reporting capabilities
F) To tailor QuickBooks online for specific industries such as real estate.
During a business trip, you pay for expenses using the company
credit card. After the trip, you need to upload your expense
receipts to QuickBooks.
Which two methods can you use? Each answer is a complete solution.
(Choose 2) correct answersB) From the QuickBooks Online mobile app,
take a picture of each receipt.
D) Scan each receipt to a PDF file and email the files to QuickBooks
Online.
In what way does the QuickBooks payments feature differ from traditional
payments? correct answersD) When a customer pays through QuickBooks
Payments, QuickBooks Online automatically receives the payment.
What is a bank rule? correct answersD) A list of criteria QuickBooks
Online uses to automatically categorize transactions for you.
Which QuickBooks Online transactions can be made recurring? correct
answersA) Check and Journal Entry
Select the correct option from the drop-down list correct
answers You are setting up products and services in
QuickBooks Online
For which items is the "Income account used when
recording a sale" field available?
correct answersB) Inventory items and Service items
You need to share a report
For each method, select Yes if you can share reports by using this method
or No if you cannot
1) Email
2) Save as PDF
For which two reasons should you correct your online bank accounts to
QuickBooks Online? (Choose 2) correct answersA) To automatically
download and categorize your bank and credit card transactions.
C) To help prevent data entry errors
In QuickBooks Online, which items should you mark as Billable? correct
answersD) Expenses for which a customer should reimburse you
Identify the difference between recording expenses on a bill and on a
check Complete the sentences by selecting the correct option from
each drop down list. correct answersA bill debits E and credits AP
A check debits AP and credits BANK
A vendor currently has payment terms of Net 10. The terms change to Net
15 starting today for all future bills. This is a new term that you have not
used before
Which two actions must you complete to support this change? (Choose 2)
correct answersB) In the All Lists area, go to the Terms list. Add the term
"Net 15" to the list
D) Edit the vendor record. In the Terms list, select Net 15
You own a retail clothing store. You are setting up QuickBooks Online for your
store You are adding items that you buy or sell to QuickBooks Online
Products and Services For each item you buy or sell, indicate whether it is an
Inventory item or a Non-inventory item
1) Hangers on which you display shirts
2) Shirts you regularly stock and sell to customers
3)A shirt you order for a specific customer but do not usually sell
correct answers1) Non-inventory
2) Inventory
3) Non-inventory
What information does an Accounts Receivable Aging report present?
correct answersA) Overdue invoices with due dates, days past due,
and totals for each customer
You are customizing a Profit and Loss
report. You need to display two date
ranges side by side.
Which setting should you configure? Select the correct setting in the
answer area. correct answers"This Year-to-date"
For each statement about QuickBooks Online default user types, select
True or False
, 1) Time tracking-only and Reports-only user types do not count toward user
limits
2)Standard users can enter timesheets, add users, update company
info, or manage subscriptions.
3)The Master Admin user is a permanent user account and its
controls cannot be transferred or assigned to a new user. correct
answers1) True
2) True
3) False
Which lists can you import into QuickBooks Online Plus from the Import
Data screen? correct answersB) Products and Services
For which three reasons would you install QuickBooks Online apps? (Choose
3) correct answersB) To automate tasks such as data entry
D) To add additional data tracking and reporting capabilities
F) To tailor QuickBooks online for specific industries such as real estate.
During a business trip, you pay for expenses using the company
credit card. After the trip, you need to upload your expense
receipts to QuickBooks.
Which two methods can you use? Each answer is a complete solution.
(Choose 2) correct answersB) From the QuickBooks Online mobile app,
take a picture of each receipt.
D) Scan each receipt to a PDF file and email the files to QuickBooks
Online.
In what way does the QuickBooks payments feature differ from traditional
payments? correct answersD) When a customer pays through QuickBooks
Payments, QuickBooks Online automatically receives the payment.
What is a bank rule? correct answersD) A list of criteria QuickBooks
Online uses to automatically categorize transactions for you.
Which QuickBooks Online transactions can be made recurring? correct
answersA) Check and Journal Entry
Select the correct option from the drop-down list correct
answers You are setting up products and services in
QuickBooks Online
For which items is the "Income account used when
recording a sale" field available?
correct answersB) Inventory items and Service items
You need to share a report
For each method, select Yes if you can share reports by using this method
or No if you cannot
1) Email
2) Save as PDF
