QUICKBOOK CHEATSHEET QUESTIONS AND ANSWERS 2025
Quick book online plus provides inventory tracking - (ANSWER)True
Quick book online plus allows up to 5 user licenses - (ANSWER)true
Quick book online plus provides project profitability tracking - (ANSWER)true
Quickbooks online includes payroll support at no additional cost - (ANSWER)false
You want to pass on some of your costs directly to customers in Quickbooks online. You are able to
assign a customer to a cost but you cannot mark it as billable. you need to make costs billable in
QuickBooks online - (ANSWER)In the Account and Settings area, on the expense tab toggle on make
expense and items bilable
On your bank's website you transfer 5000 from your saving account to your checking account to pay
bills. you are processing bank feed transactions. you need to record this transaction properly. Which two
actions should you perform - (ANSWER)Match the saving account transaction to the checking account
transaction
Mark the checking account transaction as a transfer
the unbilled costs by job report displays the unbilled expense - (ANSWER)True
If you clear the billable check box for a cost it is no longer a business expense - (ANSWER)False
You can change the billable status of a cost by selecting or clearing the billable check box on the check -
(ANSWER)true
You Pay a bill by using a check. You record the transaction in QuickBooks Online. The check is damaged
before the vendor can deposit it. You write a new check. What should you do with the original check in
QuickBooks Online? - (ANSWER)Void the check
, QUICKBOOK CHEATSHEET QUESTIONS AND ANSWERS 2025
Which three task can you perform when using bank feeds in the banking area - (ANSWER)Match
transactions entered in quickbooks to the bank information as they clear the bank
Unreconcile a previously cleared transaction
issue a stop payment request for a check
For which two reason should you connect your online bank accounts to quickbook online - (ANSWER)to
ensure that your data remains true
to help prevent data entry errors
what is a reason for setting up products or service in quickbooks online - (ANSWER)to automatically
message customers when items are in stock
You own a retail clothing store. You order three dozen shirts from a vendor. Two shirts arrive with
obvious manufacturing errors. You contact the vendor, who offers you a credit. In Quickbooks Online,
what is the effect of the vendor credit? - (ANSWER)Credit the cost of the damaged shirts to the vendor
credit and refunds income account
you can create new payment terms from the new customer form - (ANSWER)true
you must specify payment terms when setting up a new customer - (ANSWER)false
if you do not select payment terms for a customer quickbooks online assigns the default invoice terms -
(ANSWER)true
a money market account - (ANSWER)yes
a business savings account - (ANSWER)yes
Quick book online plus provides inventory tracking - (ANSWER)True
Quick book online plus allows up to 5 user licenses - (ANSWER)true
Quick book online plus provides project profitability tracking - (ANSWER)true
Quickbooks online includes payroll support at no additional cost - (ANSWER)false
You want to pass on some of your costs directly to customers in Quickbooks online. You are able to
assign a customer to a cost but you cannot mark it as billable. you need to make costs billable in
QuickBooks online - (ANSWER)In the Account and Settings area, on the expense tab toggle on make
expense and items bilable
On your bank's website you transfer 5000 from your saving account to your checking account to pay
bills. you are processing bank feed transactions. you need to record this transaction properly. Which two
actions should you perform - (ANSWER)Match the saving account transaction to the checking account
transaction
Mark the checking account transaction as a transfer
the unbilled costs by job report displays the unbilled expense - (ANSWER)True
If you clear the billable check box for a cost it is no longer a business expense - (ANSWER)False
You can change the billable status of a cost by selecting or clearing the billable check box on the check -
(ANSWER)true
You Pay a bill by using a check. You record the transaction in QuickBooks Online. The check is damaged
before the vendor can deposit it. You write a new check. What should you do with the original check in
QuickBooks Online? - (ANSWER)Void the check
, QUICKBOOK CHEATSHEET QUESTIONS AND ANSWERS 2025
Which three task can you perform when using bank feeds in the banking area - (ANSWER)Match
transactions entered in quickbooks to the bank information as they clear the bank
Unreconcile a previously cleared transaction
issue a stop payment request for a check
For which two reason should you connect your online bank accounts to quickbook online - (ANSWER)to
ensure that your data remains true
to help prevent data entry errors
what is a reason for setting up products or service in quickbooks online - (ANSWER)to automatically
message customers when items are in stock
You own a retail clothing store. You order three dozen shirts from a vendor. Two shirts arrive with
obvious manufacturing errors. You contact the vendor, who offers you a credit. In Quickbooks Online,
what is the effect of the vendor credit? - (ANSWER)Credit the cost of the damaged shirts to the vendor
credit and refunds income account
you can create new payment terms from the new customer form - (ANSWER)true
you must specify payment terms when setting up a new customer - (ANSWER)false
if you do not select payment terms for a customer quickbooks online assigns the default invoice terms -
(ANSWER)true
a money market account - (ANSWER)yes
a business savings account - (ANSWER)yes
