Quickbooks Online Exam (Updated) Questions With Complete Solutions!!

Which three tasks can you perform when using Bank Feeds in the Banking area? (Choose 3) - ANSWER-A. Issue a Stop Payment request for a check B. Match transactions entered in Quickbooks to the bank information as they clear the bank. D. Unreconcile a previously cleared transaction Move each financial report from the list on the left to the correct description on the right. 1) Show assets, liabilities, and equity at one point in time. 2) Used to understand changes in revenues and expenditures 3) Shows income, expenses, and net income during a specific time period. 4) Provides information about the current financial health of a business. - ANSWER-1) Balance sheet 2) Profit and loss statement 3) Profit and loss statement 4) Balance sheet For each statement about managing unbilled expenses in Quickbooks Online, select True or False. 1) The unbilled costs by job report displays the unbilled expenses 2) 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. - ANSWER-1) True 2) False 3) True For each aspect of a report, select YES is you can customize that aspect or No if you cannot. 1) The data range 2) The accounting 3) The way numbers are formatted - ANSWER-1) Yes 2) Yes 3) No For each statement about Quickbooks Online Plus, select True or False 1) Quickbooks Online Plus provides inventory tracking 2) Quickbooks Online Plus allows up to 5 user license