QBO 2026 Certification Exam – Practice Exam #2: QuickBooks Online Accounting and
Bookkeeping Study Guide
Which two features are benefits of QBO Plus not available in QBO Self-Employed, Simple Start,
or Essentials?
- Connect Bank Accounts
- Manage Bills and Invoices
- Track Time
- Track Profitability by Project
- Track Inventory - ✔✔- Track Profitability by Project
- Track Inventory
You want to migrate a company to QBO. Put the following migration steps in the proper order.
- Select "Get Started"
- Go to the Company menu, then select "Export Company File to QuickBooks Online"
- Click "select Destination" , then sign into your QBO account
- In QB Desktop, log in as an admin to the company file you need to import. - ✔✔1. In QB
Desktop, log in as an admin to the company file you need to import.
2. Go to the Company menu, then select "Export Company File to QuickBooks Online"
3. Select "Get Started"
4. Click "Select Destination" then sign in to your QBO account
Which of the following company information CAN you edit from the COMPANY TAB?
- Company name & Company Address
, - Company Products
- Services Price List
- Employer Identification Number (EIN) - ✔✔- Employer Identification # (EIN)
- Company name and Company address
____________ Tracking monitors income & expenses for a time-limited job or program without
the need to set up a new code. - ✔✔PROJECT tracking
____________ Tracking can report sales, purchases, and profitability by business department,
office, region, or geographic structure. - ✔✔LOCATION tracking
____________ Tracking can assign each line item of purchases from a bill to a different code. -
✔✔CLASS tracking
TRUE OR FALSE (1 part of a multi question)
Class, location, and Project Tracking are available in ALL versions of QBO. - ✔✔FALSE (NO)
TRUE OR FALSE (1 part of a multi question)
Class, location, and project tracking are activated by changing OFF to ON in the Advanced tab of
Account and Settings - ✔✔TRUE (YES)
TRUE OR FALSE (1 part of a multi question)
QBO allows users to enter budgets for each project and to view Budget vs. Actual Reports -
✔✔TRUE (YES)
Bookkeeping Study Guide
Which two features are benefits of QBO Plus not available in QBO Self-Employed, Simple Start,
or Essentials?
- Connect Bank Accounts
- Manage Bills and Invoices
- Track Time
- Track Profitability by Project
- Track Inventory - ✔✔- Track Profitability by Project
- Track Inventory
You want to migrate a company to QBO. Put the following migration steps in the proper order.
- Select "Get Started"
- Go to the Company menu, then select "Export Company File to QuickBooks Online"
- Click "select Destination" , then sign into your QBO account
- In QB Desktop, log in as an admin to the company file you need to import. - ✔✔1. In QB
Desktop, log in as an admin to the company file you need to import.
2. Go to the Company menu, then select "Export Company File to QuickBooks Online"
3. Select "Get Started"
4. Click "Select Destination" then sign in to your QBO account
Which of the following company information CAN you edit from the COMPANY TAB?
- Company name & Company Address
, - Company Products
- Services Price List
- Employer Identification Number (EIN) - ✔✔- Employer Identification # (EIN)
- Company name and Company address
____________ Tracking monitors income & expenses for a time-limited job or program without
the need to set up a new code. - ✔✔PROJECT tracking
____________ Tracking can report sales, purchases, and profitability by business department,
office, region, or geographic structure. - ✔✔LOCATION tracking
____________ Tracking can assign each line item of purchases from a bill to a different code. -
✔✔CLASS tracking
TRUE OR FALSE (1 part of a multi question)
Class, location, and Project Tracking are available in ALL versions of QBO. - ✔✔FALSE (NO)
TRUE OR FALSE (1 part of a multi question)
Class, location, and project tracking are activated by changing OFF to ON in the Advanced tab of
Account and Settings - ✔✔TRUE (YES)
TRUE OR FALSE (1 part of a multi question)
QBO allows users to enter budgets for each project and to view Budget vs. Actual Reports -
✔✔TRUE (YES)
