QBO ADVANCED SECTION 4 EXAM QUESTIONS AND ANSWERS ALL VERIFIED BY EXPERT

QBO ADVANCED SECTION 4 EXAM QUESTIONS AND ANSWERS ALL VERIFIED BY EXPERT When creating an invoice, what is the importance of the Location of sale field in the header? The address in the field determines the amount of shipping to be added to the invoice The address in that field determines which sales tax should be applied when based on location of sale The address in that field determines which sales tax should be applied when based on custom rates The address in that field determines which location column the transaction will show up in when running a Balance Sheet by Location - ANS The address in that field determines which sales tax should be applied when based on location of sale How does QuickBooks Online know to which customers a custom sales tax rate should apply? It is identified in the Tax info tab of the Customer information record It can only be identified on an invoice The customers are selected when setting up the taxable product or service The customers are selected when adding/editing the custom rate - ANS It can only be identified on an invoice If you think sales tax is not being calculated correctly, which 2 of these should you verify? That the tax is calculating on the customer's area code That Location tracking is turned on That the correct tax category is selected That the tax is calculating on the correct address That a price rule is being applied - ANS That the tax is calculating on the correct address That a price rule is being applied When creating an invoice, where can you easily change the tax rate for a product? See the math > Customer tax details See the math > Custom rate Product line > Select link on checkmark in Tax column