QuickBooks Certificate2
How would QuickBooks Online alert you of a discrepancy in the beginning
balance when reconciling your clients' accounts? correct answersAn alert
will be displayed in the reconcile tab, stating that the account isn't ready to
be reconciled yet, as the beginning balance is off
For clients with a QuickBooks Online Plus account, what's the maximum
number of billable users? correct answers5
Your client needs a QuickBooks Online solution that includes
tracking for: Sales
Sales
tax
Inventor
y
What is the minimum subscription level in QuickBooks Online you would
recommend? correct answersplus
Your client wants to add an additional tag to transactions on an invoice.
However, the tag isn't on their existing list of tags. correct answersOn the
invoice, start entering the tag name in the Tags field, then select + Add
from the pop-upSelect the Manage tags link on the invoice, followed by
Create tag. Then enter the tag name
Your client has been using the QuickBooks Online Mileage Tracker throughout
the year. It's nearing year-end and you are preparing the log for auto
expense deduction.
Which 3 of the tasks below should be completed to prepare the log for
auto expense deductions at year end? correct answersCheck the
calculated mileage
Look for vehicle changes (bought or
sold) Ensure no trips are left
unreviewed Check Answer
Continue training
You need your client to send you a copy of a paper receipt so that you can
match it to a gas expense in their QuickBooks Online. You create a client
request and add a screenshot of the expense entry in QuickBooks Online to
help your client identify which receipt they're looking for.
How do you ensure the client receives an email notification to alert them
about the new request for information? correct answersWhen creating the
request, ensure the Notify client slider is on
While preparing your client's books for year end, you find some
transactions that may not have been appropriately recorded.
, In which 2 of these cases could you use the Reclassify transactions
tool? correct answersTo change the expense account for billable
expenses, but not the income account for the related income
transactions
To change the class and/or location for invoices, sales receipts, checks, or
bills with items (products or services) on them
Which 2 of these statements about setting up and editing a chart of
accounts are correct? correct answersAccount names can be edited
Deactivated accounts can be reactivated
Which 3 types of customer statements can QuickBooks Online generate?
correct answersStatements that show a balance forward and then all activity
between two specified dates Statements that show invoices created between
two specified dates and their related payments Statements that show only
open transactions
Where should clients who want to apply credits manually go to disable
this option? correct answersAccount and Settings > Sales > Automation
What are 2 ways to use a vendor credit in QuickBooks Online? correct
answersApply it to a credit memo
Apply it to an existing bill
When an excluded transaction is reinstated, which tabin the Banking
center will it appear under? correct answersExcluded
What's the maximum number of conditions that can beset for a bank
rule? correct answers5
What 3 transaction types can you assign in a rule for money-in
transactions? correct answersSales receipt
Invoice payment
Credit card
payment
Which 3 statements regarding bank rules are true? correct answersBank
rules can be prioritized
Bank rules can be copied, edited, or deleted
Bank rules can automatically add transactions tothe register
What happens when QuickBooks Online doesn't find a rule that
applies to a transaction? correct answersIt leaves the category
(account) field blank
How would QuickBooks Online alert you of a discrepancy in the beginning
balance when reconciling your clients' accounts? correct answersAn alert
will be displayed in the reconcile tab, stating that the account isn't ready to
be reconciled yet, as the beginning balance is off
For clients with a QuickBooks Online Plus account, what's the maximum
number of billable users? correct answers5
Your client needs a QuickBooks Online solution that includes
tracking for: Sales
Sales
tax
Inventor
y
What is the minimum subscription level in QuickBooks Online you would
recommend? correct answersplus
Your client wants to add an additional tag to transactions on an invoice.
However, the tag isn't on their existing list of tags. correct answersOn the
invoice, start entering the tag name in the Tags field, then select + Add
from the pop-upSelect the Manage tags link on the invoice, followed by
Create tag. Then enter the tag name
Your client has been using the QuickBooks Online Mileage Tracker throughout
the year. It's nearing year-end and you are preparing the log for auto
expense deduction.
Which 3 of the tasks below should be completed to prepare the log for
auto expense deductions at year end? correct answersCheck the
calculated mileage
Look for vehicle changes (bought or
sold) Ensure no trips are left
unreviewed Check Answer
Continue training
You need your client to send you a copy of a paper receipt so that you can
match it to a gas expense in their QuickBooks Online. You create a client
request and add a screenshot of the expense entry in QuickBooks Online to
help your client identify which receipt they're looking for.
How do you ensure the client receives an email notification to alert them
about the new request for information? correct answersWhen creating the
request, ensure the Notify client slider is on
While preparing your client's books for year end, you find some
transactions that may not have been appropriately recorded.
, In which 2 of these cases could you use the Reclassify transactions
tool? correct answersTo change the expense account for billable
expenses, but not the income account for the related income
transactions
To change the class and/or location for invoices, sales receipts, checks, or
bills with items (products or services) on them
Which 2 of these statements about setting up and editing a chart of
accounts are correct? correct answersAccount names can be edited
Deactivated accounts can be reactivated
Which 3 types of customer statements can QuickBooks Online generate?
correct answersStatements that show a balance forward and then all activity
between two specified dates Statements that show invoices created between
two specified dates and their related payments Statements that show only
open transactions
Where should clients who want to apply credits manually go to disable
this option? correct answersAccount and Settings > Sales > Automation
What are 2 ways to use a vendor credit in QuickBooks Online? correct
answersApply it to a credit memo
Apply it to an existing bill
When an excluded transaction is reinstated, which tabin the Banking
center will it appear under? correct answersExcluded
What's the maximum number of conditions that can beset for a bank
rule? correct answers5
What 3 transaction types can you assign in a rule for money-in
transactions? correct answersSales receipt
Invoice payment
Credit card
payment
Which 3 statements regarding bank rules are true? correct answersBank
rules can be prioritized
Bank rules can be copied, edited, or deleted
Bank rules can automatically add transactions tothe register
What happens when QuickBooks Online doesn't find a rule that
applies to a transaction? correct answersIt leaves the category
(account) field blank
