Intuit QuickBooks Online: Training 1 Questions With
Complete Solutions
How do delayed charges affect a customer's balance? Correct
Answers Delayed charges have no effect on a customer's
balance.
How would you enter a transaction that won't be downloaded,
where you paid for a service using a debit card? Correct
Answers Click the Global Create button (PLUS sign) and select
Expense. Fill out the expense and use Debit Card as the payment
method.
If you have a customized report that you use each month, what
feature lets you run the report with updated data each month?
Correct Answers Save Customizations
In QBO Plus, entering a purchase order for inventory affects
which accounts? Correct Answers None, because purchase
orders or non-posting transactions.
One of your customers opens a new location. They want you to
perform some work at the new location, and all invoices should
go to the original customer. How do you handle this? Correct
Answers Create a New Customer and check the option 'Is a sub-
customer', and select 'Bill with parent'.
The owner of the business asks you to setup QuickBooks to
automatically email him a specific report on a regular basis (i.e.
weekly or monthly). How would you do this? Correct Answers
Run the report you want to email. Click save Customizations.
, Select Reports and go to My Custom Reports. Select the line of
the report on the list and click Edit. Set the email schedule in
this window.
There are two primary financial statements that summarize the
Chart of Accounts. Which of the following is one of these
reports? Correct Answers Profit and Loss.
True or false: Because QBO is in the cloud you don't need to
back it up. Correct Answers True.
What account do you put in the account field at the top of the
form? Correct Answers The name you used when you setup
your credit card account on the chart of accounts (i.e. VISA,
Company Credit card, etc.)
What does 'Private Mode' on the home page do? Correct
Answers It hides the values displayed on the profit and loss,
bank accounts, and other sensitive financial information.
What does the 'Apps' tab do in QuickBooks? Correct Answers
Use the Apps tab to find other apps a business needs (or is
already using) for their business (i.e. webstores, CRM, project
management, etc.)
What happens if you press 'CTRL', 'ALT', and the '?' keys at the
same time? Correct Answers QuickBook displays a list of
shortcut keys.
What is one reason to NOT use a 'bank deposit' or 'Journal
Entry' screen to record sales? Correct Answers If you record
Complete Solutions
How do delayed charges affect a customer's balance? Correct
Answers Delayed charges have no effect on a customer's
balance.
How would you enter a transaction that won't be downloaded,
where you paid for a service using a debit card? Correct
Answers Click the Global Create button (PLUS sign) and select
Expense. Fill out the expense and use Debit Card as the payment
method.
If you have a customized report that you use each month, what
feature lets you run the report with updated data each month?
Correct Answers Save Customizations
In QBO Plus, entering a purchase order for inventory affects
which accounts? Correct Answers None, because purchase
orders or non-posting transactions.
One of your customers opens a new location. They want you to
perform some work at the new location, and all invoices should
go to the original customer. How do you handle this? Correct
Answers Create a New Customer and check the option 'Is a sub-
customer', and select 'Bill with parent'.
The owner of the business asks you to setup QuickBooks to
automatically email him a specific report on a regular basis (i.e.
weekly or monthly). How would you do this? Correct Answers
Run the report you want to email. Click save Customizations.
, Select Reports and go to My Custom Reports. Select the line of
the report on the list and click Edit. Set the email schedule in
this window.
There are two primary financial statements that summarize the
Chart of Accounts. Which of the following is one of these
reports? Correct Answers Profit and Loss.
True or false: Because QBO is in the cloud you don't need to
back it up. Correct Answers True.
What account do you put in the account field at the top of the
form? Correct Answers The name you used when you setup
your credit card account on the chart of accounts (i.e. VISA,
Company Credit card, etc.)
What does 'Private Mode' on the home page do? Correct
Answers It hides the values displayed on the profit and loss,
bank accounts, and other sensitive financial information.
What does the 'Apps' tab do in QuickBooks? Correct Answers
Use the Apps tab to find other apps a business needs (or is
already using) for their business (i.e. webstores, CRM, project
management, etc.)
What happens if you press 'CTRL', 'ALT', and the '?' keys at the
same time? Correct Answers QuickBook displays a list of
shortcut keys.
What is one reason to NOT use a 'bank deposit' or 'Journal
Entry' screen to record sales? Correct Answers If you record
