Quickbooks - Online Practice Tests 1 & 2 Questions And Answers Already Passed 2024.

Which two user types below would be able to write a check in Quickbooks Online. (Choose 2) - Answer - Company Admin - Standard user with vendor access only Select two benefits of using Quickbooks Online. - Answer - Companies can easily invite their outside accountant to access the QBO company file remotely. - QBO is in the cloud and can be accessed from anywhere as long as you have an internet connection. Which two statements below are correct as it relates to the Close the Books feature. (Choose 2) - Answer - When setting a closing date you can choose to warn users or require a password for any transactions that are attempted to be edited, deleted or added prior to the closing date. - If a warning is used instead of a password the user is not stopped from making the change. You need to change your company address in Quickbooks Online. Put the steps for changing the company address in the correct order. Not all steps will be used. - Answer Step 1: Click the "GEAR" icon on the home page. Step 2: Select Account and Settings. You need to track your company sales and expenses by department. Put the following steps in order for tracking transactions for departments in the correct order. Not all steps will be used. - Answer 1: Turn on Classes in company settings. 2: Create your departments on the Class List. 3: On sales and expense transactions, select the class(es) associated with each transaction. 4: Run the Profit and Loss by Class report. 5: Turn on Departmental Tracking in company settings. 6: Click the Tracking button.