QBO UPDATED Actual Exam Questions
and CORRECT Answers
A new client has asked you to review their QBO company, which was set up by their previous
bookkeeper. You start by looking at the client overview screen. If QBO was set up correctly,
what figure should you expect to see in the Opening Balance equity account balance? -
CORRECT ANSWER- ✔✔A balance of zero
For clients with a QuickBooks Online Plus account, what's the maximum number of billable
users? - CORRECT ANSWER- ✔✔5
Your client needs a QBO solution that includes tracking for Sales, Sales Tax, and Inventory.
What is the minimum subscription level in QBO you would recommend? - CORRECT
ANSWER- ✔✔Plus
You want to add an app to your firm's books in QBO Accountant. Which 2 levels of account
user can add apps? - CORRECT ANSWER- ✔✔Full access team user, Firm Primary Admin
Which 2 of these statements about setting up and editing a chart of accounts are correct? -
CORRECT ANSWER- ✔✔Account names can be edited
Deactivated accounts can be reactivated
Your client has noticed a duplicate transaction in the bank feed. What advice would you give
them? - CORRECT ANSWER- ✔✔You need to exclude the transaction if it's a duplicate
because it'll cause the bank balance and reports to be incorrect.
Which tab in QBO Banking shows the bank data that has not yet been accepted into QBO? -
CORRECT ANSWER- ✔✔For Review
You need to add a gift basket with a collection of beauty products to your client's list of
Products and Services. Which item type would you assign this to in QBO? - CORRECT
ANSWER- ✔✔Bundle
and CORRECT Answers
A new client has asked you to review their QBO company, which was set up by their previous
bookkeeper. You start by looking at the client overview screen. If QBO was set up correctly,
what figure should you expect to see in the Opening Balance equity account balance? -
CORRECT ANSWER- ✔✔A balance of zero
For clients with a QuickBooks Online Plus account, what's the maximum number of billable
users? - CORRECT ANSWER- ✔✔5
Your client needs a QBO solution that includes tracking for Sales, Sales Tax, and Inventory.
What is the minimum subscription level in QBO you would recommend? - CORRECT
ANSWER- ✔✔Plus
You want to add an app to your firm's books in QBO Accountant. Which 2 levels of account
user can add apps? - CORRECT ANSWER- ✔✔Full access team user, Firm Primary Admin
Which 2 of these statements about setting up and editing a chart of accounts are correct? -
CORRECT ANSWER- ✔✔Account names can be edited
Deactivated accounts can be reactivated
Your client has noticed a duplicate transaction in the bank feed. What advice would you give
them? - CORRECT ANSWER- ✔✔You need to exclude the transaction if it's a duplicate
because it'll cause the bank balance and reports to be incorrect.
Which tab in QBO Banking shows the bank data that has not yet been accepted into QBO? -
CORRECT ANSWER- ✔✔For Review
You need to add a gift basket with a collection of beauty products to your client's list of
Products and Services. Which item type would you assign this to in QBO? - CORRECT
ANSWER- ✔✔Bundle
