Quickbooks Exam Questions
1.Select the Gear icon, and select Account and Settings, under the
Your Company column
2. and scroll down to the Online delivery section
3. to ensure that Attach invoice as pdf is unchecked.
Identify the missing steps. correct answers2. Select the Sales tab,
3. From the drop-down list, click on the Online invoice.
4.
5. Under Your Company, select Account and Settings
6. Select Advanced tab
7.In the Other preferences section, select the option to warn if duplicate
check number is used and warn if a duplicate bill number is used
8. correct answers1. Select the Gear Icon
5. Select Save
Your client doesn't want to pay a monthly fee for their Quickbooks Payments
merchant account. What other option is available to them, and wherein
QuickBooks Online can they sigh up for Quickbooks Payments? correct
answersThere is another plan which means the customer pays the
transaction charge; In the Biling and the Subscription tab of Account and
Settings
9. Sign in to your QuickBooks Online Accountant account
10.
11.You'll see the client company dashboard
12.
13.Select Account and Settings
14.Select the Pencil icon in the Address section of the Company tab
correct answers2. Select the client company from the Client Switcher drop-
down in the green header bar.
4. Select the gear icon
A great feature of QuickBooks Online is that there are other lists you can
utilize to make it easier to fill in forms. Where would you go to find these
lists? correct answersGo to the Gear icon and select All Lists
Where can you go to Quickbooks Online to import a lists of products and
services? correct answersSelect the gear icon and under the Tools column,
select Import Data, then Products and services
What is the difference between the "Profit and Loss Report" and the
"Balance Sheet Report"? correct answers- P&L shows activities: income and
expenses to arrive at Net Income (Profit) for a specific time period
, -The Balance Sheet shows values: Assests and Liabilities to arrive at
Equity (Net Worth) as of a specific date
-The Net Income from the P&L pass through the equity section in the
balance sheet
The Chart of Accounts lies at the heart of a QuickBooks Online company.
Which 5 of the following statements are true about the Chart of Accounts,
how to make changes to the Chart of Accounts, and how products and
services are linked to the Chart of Accounts? correct answers-To add a new
account, you open the Chart of Accounts by selecting Accounting from the
left navigation, then select New to open the Account window
-The Sales of Product Income account is a default account when inventory is
turned on Uncategorized Income and uncategorized Expense are default
accounts for online
banking activity
-If you add a new account, the category type determines on which
financial statement this account will show
-Delete an account from the Chart of Accounts if it is not relevant to your
business
If you want to give one or more of your employee's accesses to Your
Practice, what types of user permissions can be set up? correct
answersRegular or custom user, Company administrator, Reports only
and Time Tracking only.
Look at the following 2 statements:
Statement 1: "QuickBooks Online is the do-it-for-me option; a
complete payroll service with a team of US-based payroll experts to take
care of payroll for your client."
Statement 2: "You can also link up with Quickbooks to simplify
workflow and save yourself a significant amount of time. You'll benefit from a
seamless, end-to end experience that translates a client's Quickbooks Online
books into a tax return." correct answersStatement 1: Full-Service Payroll
Statement 2: ProConnect Tax Online
Your client wants to transfer $500 from their checking account into a savings
account to cover tax liabilities for sales made last month. Where should they
start the process? correct answersNavigate to the Quick Create icon, then
find the Transfer link.
Look at the two sentences about Undeposited Funds:
1.By posting to Undeposited Funds, you can create a single bank deposit
for multiple payments, making it easy .
2.When receiving a payment, make sure . correct answers1. To
match your bank register with your bank statement
2. the Deposit to account is Undeposited Funds
1.Select the Gear icon, and select Account and Settings, under the
Your Company column
2. and scroll down to the Online delivery section
3. to ensure that Attach invoice as pdf is unchecked.
Identify the missing steps. correct answers2. Select the Sales tab,
3. From the drop-down list, click on the Online invoice.
4.
5. Under Your Company, select Account and Settings
6. Select Advanced tab
7.In the Other preferences section, select the option to warn if duplicate
check number is used and warn if a duplicate bill number is used
8. correct answers1. Select the Gear Icon
5. Select Save
Your client doesn't want to pay a monthly fee for their Quickbooks Payments
merchant account. What other option is available to them, and wherein
QuickBooks Online can they sigh up for Quickbooks Payments? correct
answersThere is another plan which means the customer pays the
transaction charge; In the Biling and the Subscription tab of Account and
Settings
9. Sign in to your QuickBooks Online Accountant account
10.
11.You'll see the client company dashboard
12.
13.Select Account and Settings
14.Select the Pencil icon in the Address section of the Company tab
correct answers2. Select the client company from the Client Switcher drop-
down in the green header bar.
4. Select the gear icon
A great feature of QuickBooks Online is that there are other lists you can
utilize to make it easier to fill in forms. Where would you go to find these
lists? correct answersGo to the Gear icon and select All Lists
Where can you go to Quickbooks Online to import a lists of products and
services? correct answersSelect the gear icon and under the Tools column,
select Import Data, then Products and services
What is the difference between the "Profit and Loss Report" and the
"Balance Sheet Report"? correct answers- P&L shows activities: income and
expenses to arrive at Net Income (Profit) for a specific time period
, -The Balance Sheet shows values: Assests and Liabilities to arrive at
Equity (Net Worth) as of a specific date
-The Net Income from the P&L pass through the equity section in the
balance sheet
The Chart of Accounts lies at the heart of a QuickBooks Online company.
Which 5 of the following statements are true about the Chart of Accounts,
how to make changes to the Chart of Accounts, and how products and
services are linked to the Chart of Accounts? correct answers-To add a new
account, you open the Chart of Accounts by selecting Accounting from the
left navigation, then select New to open the Account window
-The Sales of Product Income account is a default account when inventory is
turned on Uncategorized Income and uncategorized Expense are default
accounts for online
banking activity
-If you add a new account, the category type determines on which
financial statement this account will show
-Delete an account from the Chart of Accounts if it is not relevant to your
business
If you want to give one or more of your employee's accesses to Your
Practice, what types of user permissions can be set up? correct
answersRegular or custom user, Company administrator, Reports only
and Time Tracking only.
Look at the following 2 statements:
Statement 1: "QuickBooks Online is the do-it-for-me option; a
complete payroll service with a team of US-based payroll experts to take
care of payroll for your client."
Statement 2: "You can also link up with Quickbooks to simplify
workflow and save yourself a significant amount of time. You'll benefit from a
seamless, end-to end experience that translates a client's Quickbooks Online
books into a tax return." correct answersStatement 1: Full-Service Payroll
Statement 2: ProConnect Tax Online
Your client wants to transfer $500 from their checking account into a savings
account to cover tax liabilities for sales made last month. Where should they
start the process? correct answersNavigate to the Quick Create icon, then
find the Transfer link.
Look at the two sentences about Undeposited Funds:
1.By posting to Undeposited Funds, you can create a single bank deposit
for multiple payments, making it easy .
2.When receiving a payment, make sure . correct answers1. To
match your bank register with your bank statement
2. the Deposit to account is Undeposited Funds
