QuickBooks Certification 2025/2026 Practice Test |
Verified Questions & Correct Answers | Complete Prep
Guide for Guaranteed Success
From the payday tab you can pay employees and reimbursements to employees: -
ANSWERFALSE
You can make expenses billable to customers - ANSWERTRUE
From the Create new button on the customers tab you can create the following forms
except - ANSWERD) Create Bill
You can only set up single tax items in Quickbooks Online - ANSWERFALSE
An accurate balance sheet gives you a true picture of your company's finances -
ANSWERTRUE
To add a new customer go to the _______Center - ANSWERD)Customers
Registers in Quickbooks Online are used the same way as a paper checkbook register
to see a record of all the transactions in your checking account-checks you've written,
other withdrawals you've made from your account, and deposits-a Quickbooks Online
register contains a record of all the activity in one account - ANSWERTRUE
,to add a new product/service you go to the company button and click: - ANSWERC)
Products and Services
To locate information in Quickbooks Online you can only go to the Magnifying Glass
(top of page) - ANSWERFALSE
You can create new Products or Services by click on the Quick Create (+) button -
ANSWERFALSE
Use the Write Checks form if you are paying sales tax, paying payroll taxes and
liabilities, or paying bills that you entered previously - ANSWERFALSE
The Employees Page gather information for each of your employees, except: -
ANSWERD) Tax ID Number
To Merge a list you go to the vendor you want to merge with and click edit. Then
change the display name to the new name to merge with: - ANSWERTRUE
If you expect to receive payment at some future date, you enter an invoice -
ANSWERTRUE
To create and estimate go to the ______tab - ANSWERA) Customers
The chart of accounts is your most important list because it shows how much your
business has, how much it owes, how much money you have coming in, and how
much you're spending - ANSWERTRUE
To set up a loan you go to the Long Term Liabilities in the category type: -
ANSWERTRUE
, QUickbooks Online uses the information you enter for the customer's information to
complete invoices, bills and receipts - ANSWERTRUE
to add a new employee you go to the ______tab - ANSWERC)Employees
you can apply one payment to multiple invoices open - ANSWERTRUE
What are the two most valuable tools in QUickbooks ONline - ANSWERC)All the
above
You can save a report as a PDF - ANSWERTRUE
The Customer Page stores - ANSWERD)All the above
You cannot create a memorized report group - ANSWERFALSE
Which Statement about Users is True - ANSWERYou can have as many Reports Only
and Time Tracking Only users as you want.
Definitions for Sales Forms - ANSWERSales Receipt: paid at time of sale and doesn't
affect the customer's balance
Invoice: customer still owes you payment.
Receive Payment: received the payment and it decreases the customer's balance
Estimate: service or product you want to add to an invoice in the future and does not
affect their balance.
Verified Questions & Correct Answers | Complete Prep
Guide for Guaranteed Success
From the payday tab you can pay employees and reimbursements to employees: -
ANSWERFALSE
You can make expenses billable to customers - ANSWERTRUE
From the Create new button on the customers tab you can create the following forms
except - ANSWERD) Create Bill
You can only set up single tax items in Quickbooks Online - ANSWERFALSE
An accurate balance sheet gives you a true picture of your company's finances -
ANSWERTRUE
To add a new customer go to the _______Center - ANSWERD)Customers
Registers in Quickbooks Online are used the same way as a paper checkbook register
to see a record of all the transactions in your checking account-checks you've written,
other withdrawals you've made from your account, and deposits-a Quickbooks Online
register contains a record of all the activity in one account - ANSWERTRUE
,to add a new product/service you go to the company button and click: - ANSWERC)
Products and Services
To locate information in Quickbooks Online you can only go to the Magnifying Glass
(top of page) - ANSWERFALSE
You can create new Products or Services by click on the Quick Create (+) button -
ANSWERFALSE
Use the Write Checks form if you are paying sales tax, paying payroll taxes and
liabilities, or paying bills that you entered previously - ANSWERFALSE
The Employees Page gather information for each of your employees, except: -
ANSWERD) Tax ID Number
To Merge a list you go to the vendor you want to merge with and click edit. Then
change the display name to the new name to merge with: - ANSWERTRUE
If you expect to receive payment at some future date, you enter an invoice -
ANSWERTRUE
To create and estimate go to the ______tab - ANSWERA) Customers
The chart of accounts is your most important list because it shows how much your
business has, how much it owes, how much money you have coming in, and how
much you're spending - ANSWERTRUE
To set up a loan you go to the Long Term Liabilities in the category type: -
ANSWERTRUE
, QUickbooks Online uses the information you enter for the customer's information to
complete invoices, bills and receipts - ANSWERTRUE
to add a new employee you go to the ______tab - ANSWERC)Employees
you can apply one payment to multiple invoices open - ANSWERTRUE
What are the two most valuable tools in QUickbooks ONline - ANSWERC)All the
above
You can save a report as a PDF - ANSWERTRUE
The Customer Page stores - ANSWERD)All the above
You cannot create a memorized report group - ANSWERFALSE
Which Statement about Users is True - ANSWERYou can have as many Reports Only
and Time Tracking Only users as you want.
Definitions for Sales Forms - ANSWERSales Receipt: paid at time of sale and doesn't
affect the customer's balance
Invoice: customer still owes you payment.
Receive Payment: received the payment and it decreases the customer's balance
Estimate: service or product you want to add to an invoice in the future and does not
affect their balance.
