QBO PROADVISOR TEST SECTION 1

What are the key benefits of the Client Overview tab? Select all that apply. - answer - -Concise subscription information -Recent banking activity stats -Early indications of banking errors What can you do to make sure the app is suitable before recommending it to your client? Select all that apply. - answer - -Read the reviews of the app from customers and other ProAdvisors -Test the app yourself beforehand -Request a demo of the app from the developer Which of the following options are true regarding editing a chart of accounts? Select all that apply. - answer - -Merging accounts isn't possible for all account types -Transactions posted to merged accounts are also merged With our ProAdvisor Preferred Pricing, what percentage discount off the list price of a QuickBooks Online subscription can you offer your clients? - answer - 30% Which section in the New Client Checklist helps you understand your client's needs to determine the features and solutions required? - answer - Features and Solutions What are the 3 primary ways to migrate client data to QuickBooks Online? - answer - -Convert data from existing QuickBooks Desktop file -Use the Import data tool -Enter data manually into the QuickBooks Online forms and check registers Brian just completed a Client Needs Assessment and his client confirmed that she will require profitability tracking, and needs to create budgets and purchase orders in her accounting solution. What is the minimum QuickBooks Online version suitable for Brian's client? - answer - QuickBooks Online Plus What are 3 benefits of the ProAdvisor Discount Program? - answer - -Up to 30% off subscriptions for your clients -Ability to add, remove, or change clients' subscriptions -Itemized billing of all firm-billed subscriptions To determine the scope of a bookkeeping clean-up engagement, you are reviewing the Client Overview tab for a potential client. You notice that there is a large amount in the Opening Balance Equity account. Which 2 reasons could be causing this balance? - answer - -Transactions in the Banking