QuickBooks Online Certification – Expenses and Vendors: Accounts Payable, Expense Tracking,
and Vendor Management Study Guide
Which of the following statements is true about Vendor Credits in QuickBooks Online?
A Vendor Credits can't be applied to a bill that has already been received
B Vendor Credits post as a debit to decrease accounts payable
C A Vendor Credit can be linked to a cash refund, when the cash is deposited
D Vendor Credits post as a debit to increase accounts payable - correct answer ✔✔B
How is Bill Pay accessed? - correct answer ✔✔Bill Pay is accessed from the Expenses page or
from any bill in the Pay Bills list.
Does it cost anything to use Bill Pay? - correct answer ✔✔Scheduling and paying bills right from
QuickBooks Online via bank transfer or debit card is free. Credit card payments carry a 2.9% fee.
How are bill payments made? - correct answer ✔✔The payment method can be specified for
each vendor, which can be either a direct deposit (in 1-3 business days) or a paper check sent in
the mail (in 5-7 days).
What if client doesn't want to use Bill Pay? - correct answer ✔✔The new Bill Pay experience is
the default in QuickBooks Online. However, if you or your client would rather continue to access
the print check option or mark a bill as paid, follow the steps below:
From the Expenses page, select Mark as paid from the Action dropdown
Select a bill
Then select Save and close from the dropdown next to Save and schedule payment
Which of the following charges apply when using the debit card option to pay bills?
0%
and Vendor Management Study Guide
Which of the following statements is true about Vendor Credits in QuickBooks Online?
A Vendor Credits can't be applied to a bill that has already been received
B Vendor Credits post as a debit to decrease accounts payable
C A Vendor Credit can be linked to a cash refund, when the cash is deposited
D Vendor Credits post as a debit to increase accounts payable - correct answer ✔✔B
How is Bill Pay accessed? - correct answer ✔✔Bill Pay is accessed from the Expenses page or
from any bill in the Pay Bills list.
Does it cost anything to use Bill Pay? - correct answer ✔✔Scheduling and paying bills right from
QuickBooks Online via bank transfer or debit card is free. Credit card payments carry a 2.9% fee.
How are bill payments made? - correct answer ✔✔The payment method can be specified for
each vendor, which can be either a direct deposit (in 1-3 business days) or a paper check sent in
the mail (in 5-7 days).
What if client doesn't want to use Bill Pay? - correct answer ✔✔The new Bill Pay experience is
the default in QuickBooks Online. However, if you or your client would rather continue to access
the print check option or mark a bill as paid, follow the steps below:
From the Expenses page, select Mark as paid from the Action dropdown
Select a bill
Then select Save and close from the dropdown next to Save and schedule payment
Which of the following charges apply when using the debit card option to pay bills?
0%
