Intuit Quickbooks Study Quide|2023 LATEST UPDATE|GUARANTEED SUCCESS

You are adding a new customer to Quickbooks Online. You are working in the New You own Customer Information form. For each statement about the Display name as a field, write True or False: The display name is optional. True You are adding a new customer to Quickbooks Online. You are working in the New You own Customer Information form. For each statement about the Display name as a field, write True or False: 2-The display name must be unique. False You are adding a new customer to Quickbooks Online. You are working in the New You own Customer Information form. For each statement about the Display name as a field, write True or False: 3-The display name is used to sort customer lists. True You are reviewing downloaded bank and credit card transactions. You need to select the correct action for each transaction. ( Add,Match,Split,View) Creates a new transaction Add You are reviewing downloaded bank and credit card transactions. You need to select the correct action for each transaction. ( Add,Match,Split,View) Categorize parts of a transaction differently Split You are reviewing downloaded bank and credit card transactions. You need to select the correct action for each transaction. ( Add,Match,Split,View) Links the new transaction with an existing transaction Match You are reviewing downloaded bank and credit card transactions. You need to select the correct action for each transaction. ( Add,Match,Split,View) Displays multiple transactions that might match an existing transaction View You own a retail clothing store. You are setting up QuickBooks Online for your store. You are adding items that you buy or sell to QuickBooks Online Products and Services. For each item you buy or sell, indicate whether it is an Inventory item or Non-inventory item. Hangers on which you display shirts Non-Inventory You own a retail clothing store. You are setting up QuickBooks Online for your store. You are adding items that you buy or sell to QuickBooks Online Products and Services. For each item you buy or sell, indicate whether it is an Inventory item or Non-inventory item. Shirts you regularly stock and sell to customers Inventory You own a retail clothing store. You are setting up QuickBooks Online for your store. You are adding items that you buy or sell to QuickBooks Online Products and Services. For each item you buy or sell, indicate whether it is an Inventory item or Non-inventory item. A shirt you order for specific customer but do not usually sell Inventory Which three actions can you perform from the QuickBooks Online business dashboard? Review last month's profit and loss data Add a new customer Record mileage for a business trip For which three reasons would you install QuickBooks online apps To tailor QuickBooks online for specific To automate task such as data entry To add additional data tracking and reporting capabilities For each statement about QuickBooks Online default user types, write True or False. Standard users can enter timesheets, add users, update company info, or manage subscriptions False For each statement about QuickBooks Online default user types, write True or False. Time tracking-only and Reports-only user types do not count toward user limits. True For each statement about QuickBooks Online default user types, write True or False. The Mast Admin user is a permanent user account and its controls cannot be transferred or assigned to a new user. True An existing vendor decides to purchase products from your company. In QuickBooks Online , you set up a customer account for the Vendor. For each Field , Highlight Yes if the vendor and customer account entries must be unique or No if they can be identical. First name No An existing vendor decides to purchase products from your company. In QuickBooks Online , you set up a customer account for the Vendor. For each Field , Highlight Yes if the vendor and customer account entries must be unique or No if they can be identical. Last Name No An existing vendor decides to purchase products from your company. In QuickBooks Online , you set up a customer account for the Vendor. For each Field , Highlight Yes if the vendor and customer account entries must be unique or No if they can be identical. Display name No An existing vendor decides to purchase products from your company. In QuickBooks Online , you set up a customer account for the Vendor. For each Field , Highlight Yes if the vendor and customer account entries must be unique or No if they can be identical. Company Yes For each statement about Managing unbilled expenses in QuickBooks Online, write True or False. The Unbilled Costs by Job report displays the unbilled expenses. True For each statement about Managing unbilled expenses in QuickBooks Online, write True or False. If you Clear the Billable checkBox for cost, it is no longer a business expense. False For each statement about Managing unbilled expenses in QuickBooks Online, write True or False. You can change the billable status of cost by selecting or clearing the Billable checkbox on the check. True For Which two reasons should you connect your online bank accounts to QuickBooks Online? To help prevent data errors To ensure that your data remains secure Which QuickBooks Online transactions can be made recurring? Check and Journal Entry For each statement related to customers and sales tax QuickBooks Online, Write True or False. The default tax status for new customers is Taxable True For each statement related to customers and sales tax QuickBooks Online, Write True or False. Taxability of a product or service can be changed on the invoice or sales receipt False For each statement related to customers and sales tax QuickBooks Online, Write True or False. If you sell a taxable service to a taxable customer,QuickBooks Online calculate sales tax and adds it to the invoice True For each statement related to customers and sales tax QuickBooks Online, Write True or False. If you sell a taxable service to a non-taxable customer, QuickBooks Online calculates sales tax and add it to the invoice False What is a reason for setting up products or services in QuickBooks Online? To automatically message customers when items are in stocks Which two statements about credit memos are True? A credit memo immediately reduces a customer's current open balance. A Credit memo can be used by customers as payment for an invoice What information does an Accounts Receivable Aging report present? Unpaid balances for each customer , grouped by days past due Highlight each feature to tool from the list for its correct purpose ( Classes, Locations, Projects) Track job costs and income Projects Highlight each feature to tool from the list for its correct purpose ( Classes, Locations, Projects) Track transactions by city or region Locations Highlight each feature to tool from the list for its correct purpose ( Classes, Locations, Projects) Track transactions by departments in a company Classes During a business trip, you pay for expenses using the company credit card. After the trip, you need to upload your expense receipts to QuickBooks. Which two methods can you use? Each answer is a complete solution Scan each receipt to a PDF file and email the files to QuickBooks Online. From the QuickBooks Online, take a picture of each receipt by using a webcam. In What way does the QuickBooks payments feature differ from the traditional payments? Payments received via QuickBooks Payments can be deposited into QuickBooks Cash Bank Account. In Quickbooks Online, What is the difference between voiding and deleting a check? Voiding a check keeps it in reports but reduces its value to zero. Deleting a check removes it from reports other than the Audit Log. You are entering Journal entries in QuickBooks Online. For each statement about the required information, write true or false You Must select Save and close to record the journal entry True You are entering Journal entries in QuickBooks Online. For each statement about the required information, write true or false QuickBooks Online automatically inserts the date and the next available journal entry number True You are entering Journal entries in QuickBooks Online. For each statement about the required information, write true or false After you enter the account for the debit transaction, QuickBooks Online automatically enters the account for credit transaction False