QuickBooks Certification Exam Study Set (2026 Updated) – Complete Practice Questions,
Answers & Revision Guide
In QuickBooks Online, which items should you mark as Billable? - correct answer ✔✔Expenses
for which a customer should reimburse you
For each statement about managing unbilled expenses in Quickbooks Online, select True or
False.1) The unbilled costs by job report displays the unbilled expenses2) If you clear the billable
check box for a cost, it is no longer a business expense.3) You can change the billable status of a
cost by selecting or clearing the Billable check box on the check. - correct answer ✔✔1) True
2) False
3) True
What information does an Accounts Receivable Aging report present? - correct answer
✔✔Overdue invoices with due dates, days past due, and totals for each customer
You mailed a check to pay your monthly rent. The check was lost in the mail and was never
cashed. What should you do with the check in QuickBooks? - correct answer ✔✔Void the check
Which two statements are TRUE regarding billable expenses and items? - correct answer ✔✔1.
Turn on billable costs in the expenses area in settings
2. Use the billable check mark to identify expenses that you want to invoice your customer for
You are customizing a Profit and Loss report. You need to display two date ranges side by side.
Which setting should you configure? Select the correct setting in the answer area. - correct
answer ✔✔"This Year-to-date"
Which lists can you import into QuickBooks Online Plus from the Import Data screen? - correct
answer ✔✔Products and Services
, How do you transfer a primary admin (Previously known as a master admin) rights to a new
user? - correct answer ✔✔Login as the current primary admin, add the new user as an
administrator. From the action drop-down, choose make primary admin.
In what way does the QuickBooks payments feature differ from traditional payments? - correct
answer ✔✔When a customer pays through QuickBooks Payments, QuickBooks Online
automatically receives the payment.
What is a bank rule? - correct answer ✔✔A list of criteria QuickBooks Online uses to
automatically categorize transactions for you.
You are using projects to track your expenses. You invoice your customer for the expense
related to the project. Which reports do you use to see the unbilled costs? - correct answer
✔✔1. Unbilled Time and Expenses from the Project tab.
2. Unbilled Time and Unbilled Charges from the Reports window.
Which of the following best describes 2% 10 Net 30 terms for a customer? - correct answer
✔✔Customer may take a 2% discount if they pay within 10 days, or the total amount is due in
30 days.
To see the unpaid balances for each customer, grouped by days past due, you should generate
which of the following reports? - correct answer ✔✔Accounts Receivable Aging Summary
Select all of the following that are TRUE of the display name field. - correct answer ✔✔1.
Display name is used to track balances for each entry.
2. Display name must be unique
You are setting up products and services in QuickBooks Online For which items is the "Income
account used when recording a sale" field available? - correct answer ✔✔Inventory items and
Service items
Answers & Revision Guide
In QuickBooks Online, which items should you mark as Billable? - correct answer ✔✔Expenses
for which a customer should reimburse you
For each statement about managing unbilled expenses in Quickbooks Online, select True or
False.1) The unbilled costs by job report displays the unbilled expenses2) If you clear the billable
check box for a cost, it is no longer a business expense.3) You can change the billable status of a
cost by selecting or clearing the Billable check box on the check. - correct answer ✔✔1) True
2) False
3) True
What information does an Accounts Receivable Aging report present? - correct answer
✔✔Overdue invoices with due dates, days past due, and totals for each customer
You mailed a check to pay your monthly rent. The check was lost in the mail and was never
cashed. What should you do with the check in QuickBooks? - correct answer ✔✔Void the check
Which two statements are TRUE regarding billable expenses and items? - correct answer ✔✔1.
Turn on billable costs in the expenses area in settings
2. Use the billable check mark to identify expenses that you want to invoice your customer for
You are customizing a Profit and Loss report. You need to display two date ranges side by side.
Which setting should you configure? Select the correct setting in the answer area. - correct
answer ✔✔"This Year-to-date"
Which lists can you import into QuickBooks Online Plus from the Import Data screen? - correct
answer ✔✔Products and Services
, How do you transfer a primary admin (Previously known as a master admin) rights to a new
user? - correct answer ✔✔Login as the current primary admin, add the new user as an
administrator. From the action drop-down, choose make primary admin.
In what way does the QuickBooks payments feature differ from traditional payments? - correct
answer ✔✔When a customer pays through QuickBooks Payments, QuickBooks Online
automatically receives the payment.
What is a bank rule? - correct answer ✔✔A list of criteria QuickBooks Online uses to
automatically categorize transactions for you.
You are using projects to track your expenses. You invoice your customer for the expense
related to the project. Which reports do you use to see the unbilled costs? - correct answer
✔✔1. Unbilled Time and Expenses from the Project tab.
2. Unbilled Time and Unbilled Charges from the Reports window.
Which of the following best describes 2% 10 Net 30 terms for a customer? - correct answer
✔✔Customer may take a 2% discount if they pay within 10 days, or the total amount is due in
30 days.
To see the unpaid balances for each customer, grouped by days past due, you should generate
which of the following reports? - correct answer ✔✔Accounts Receivable Aging Summary
Select all of the following that are TRUE of the display name field. - correct answer ✔✔1.
Display name is used to track balances for each entry.
2. Display name must be unique
You are setting up products and services in QuickBooks Online For which items is the "Income
account used when recording a sale" field available? - correct answer ✔✔Inventory items and
Service items
