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Exam (elaborations)

QuickBooks Mayterm Chapter 3 Test; Questions with Complete Solutions 2024/25 Update

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QuickBooks Mayterm Chapter 3 Test; Questions with Complete Solutions 2024/25 Update 1: The Navigation bar is where the link to the Sales center is located. True 2: You can create a statement, receipt, invoice, or other transaction using the Action menu in the Sales center. True 3: A sales transaction can only be recorded when the customer pays for the product or service at the time of the sale. False

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Uploaded on
August 26, 2024
Number of pages
21
Written in
2024/2025
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QuickBooks ; Questions with Verified Answers
Complete the following statement: The QuickBooks Online ____________ is a

platform that you


and your clients can use to build the perfect solution, by adding ___________

that bring


additional functionality. ✔✔1. ecosystem; 2. apps


How many points does your firm need to reach the platinum tier of the

ProAdvisor® program?


✔✔800


Which Intuit product allows you to manage your clients and your practice all in

one place?


✔✔QB Accountant


Which of the following items can you access from the Your Practice area?(Select

all that apply)


✔✔List of Client Companies, Team section, Work space, Apps, & ProAdvisor


The lifecycle can be broken down into a manageable timeline: ✔✔Daily: Manage

the books by

,QuickBooks ; Questions with Verified Answers
running small tasks


Monthly: Analyze and balance the books


Quarterly: Evaluate and maintain finances

Annually: Finalize books and report taxes


Which of the following tasks should be performed weekly? ✔✔Record

transactions


Document and file receipts

Review unpaid bills


Prepare and send invoices


Pay vendors, sign checks


Review projected cash flow


Where would you go to find the following accountant-only features? Prep for

taxes, Reclassify


Transactions, Voided/Deleted Transactions, and Write Off Invoice

✔✔Accountant Tools

, QuickBooks ; Questions with Verified Answers
What information can you see on the dashboard? Select all of the options that

are correct.


✔✔Income and sales data


Profit and loss figures


Expenses


Credit card balances


Bank balances


Which of the following statements are true of the QuickBooks Online mobile

app? (Select all


that apply.) ✔✔It syncs with QuickBooks Online on the web: Any task completed

in the app


updates QuickBooks Online.


The same security that protects your QuickBooks Online data on the web

applies when you use


the QuickBooks Online mobile app.

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