QuickBooks Online Certification 2026 – Complete Study Guide, Practice Exams &
Training Course
Primary admin - correct answer ✔✔Can manage all users
Created the QuickBooks account
Company Admin - correct answer ✔✔this role is only available in QBO Advanced
Custom user - correct answer ✔✔This role is only available in QBO Advanced
Has specific access to areas in QBO
Standard user - correct answer ✔✔In all versions of QBO, this role can be set to specific levels of
access
Close the Books feature's two benefits - correct answer ✔✔Users cannot change transactions in
a closed period
It generates a closing Date Detail report
Accrual Accounting - correct answer ✔✔A company makes a sale and records the expected
revenue as an AR transaction
Provides a more accurate picture of the profitability of a company because it includes AR and
payables
Cash Basis Accounting - correct answer ✔✔A company makes a sale, but revenue is not realized
until the invoice is paid
The most common method of accounting
Tasks the can be automated in QBO - correct answer ✔✔Overdue Payment reminders
, payroll
financial reporting
QBO creates a chart of accounts based on the industry you selected - correct answer ✔✔true
You can add, edit, and remove accounts after starting a new company in QB - correct answer
✔✔True
New accounts can only be added during the new company startup process - correct answer
✔✔False
only income and expense accounts can be added after starting a new company - correct answer
✔✔False
Three reasons to make transactions recurring in QBO - correct answer ✔✔Saves time
Minimizes human error
Reduces late payments
The best way to automate credit card payments with a recurring sales receipt - correct answer
✔✔create a template
The steps to enter info into a journal entry are: - correct answer ✔✔1 - select the account
2 - enter the amount to be credited and debited
3 - verify the credit/debit amounts are the same
4 - enter a memo
Where can QB apps be downloaded? - correct answer ✔✔QuickBooks App Store
Training Course
Primary admin - correct answer ✔✔Can manage all users
Created the QuickBooks account
Company Admin - correct answer ✔✔this role is only available in QBO Advanced
Custom user - correct answer ✔✔This role is only available in QBO Advanced
Has specific access to areas in QBO
Standard user - correct answer ✔✔In all versions of QBO, this role can be set to specific levels of
access
Close the Books feature's two benefits - correct answer ✔✔Users cannot change transactions in
a closed period
It generates a closing Date Detail report
Accrual Accounting - correct answer ✔✔A company makes a sale and records the expected
revenue as an AR transaction
Provides a more accurate picture of the profitability of a company because it includes AR and
payables
Cash Basis Accounting - correct answer ✔✔A company makes a sale, but revenue is not realized
until the invoice is paid
The most common method of accounting
Tasks the can be automated in QBO - correct answer ✔✔Overdue Payment reminders
, payroll
financial reporting
QBO creates a chart of accounts based on the industry you selected - correct answer ✔✔true
You can add, edit, and remove accounts after starting a new company in QB - correct answer
✔✔True
New accounts can only be added during the new company startup process - correct answer
✔✔False
only income and expense accounts can be added after starting a new company - correct answer
✔✔False
Three reasons to make transactions recurring in QBO - correct answer ✔✔Saves time
Minimizes human error
Reduces late payments
The best way to automate credit card payments with a recurring sales receipt - correct answer
✔✔create a template
The steps to enter info into a journal entry are: - correct answer ✔✔1 - select the account
2 - enter the amount to be credited and debited
3 - verify the credit/debit amounts are the same
4 - enter a memo
Where can QB apps be downloaded? - correct answer ✔✔QuickBooks App Store
