QuickBooks Online Certification
A credit score memo can be added to an invoice to reduce the amount owed by a client -
ANS-authentic
a refund receipt and a credit score memo are the equal thing - ANS-proper
Accrual Accounting - ANS-A organization makes a sale and records the expected revenue as
an AR transaction
Provides a extra correct picture of the profitability of a corporation as it consists of AR and
payables
Billing cope with - ANS-the mailbox where an invoice is typically added
The cope with with a credit score card
both services and products require you to discover if the object is non-taxable - ANS-real
By default, QBO automatically applies credit score memos to invoices - ANS-false
Cash Basis Accounting - ANS-A organisation makes a sale, but sales isn't realized till the
invoice is paid
The maximum common method of accounting
Close the Books feature's two blessings - ANS-Users can't alternate transactions in a closed
duration
It generates a ultimate Date Detail file
Company Admin - ANS-this position is most effective to be had in QBO Advanced
Cons of QBO capability through apps - ANS-Most apps are handiest available for the
higher-tiered verstions of QBO
Only some apps are unfastened. Many price cash.
Apps combine seamlessly with QBO to access your records in the cloud; therefore, protection is
not absolute.
Custom user - ANS-This position is best to be had in QBO Advanced
Has unique get admission to to areas in QBO
cut price - ANS-used to praise loyal clients with a discount of 5% on their invoices.
Stock product - ANS-items which might be regularly stocked and bought to customers
A credit score memo can be added to an invoice to reduce the amount owed by a client -
ANS-authentic
a refund receipt and a credit score memo are the equal thing - ANS-proper
Accrual Accounting - ANS-A organization makes a sale and records the expected revenue as
an AR transaction
Provides a extra correct picture of the profitability of a corporation as it consists of AR and
payables
Billing cope with - ANS-the mailbox where an invoice is typically added
The cope with with a credit score card
both services and products require you to discover if the object is non-taxable - ANS-real
By default, QBO automatically applies credit score memos to invoices - ANS-false
Cash Basis Accounting - ANS-A organisation makes a sale, but sales isn't realized till the
invoice is paid
The maximum common method of accounting
Close the Books feature's two blessings - ANS-Users can't alternate transactions in a closed
duration
It generates a ultimate Date Detail file
Company Admin - ANS-this position is most effective to be had in QBO Advanced
Cons of QBO capability through apps - ANS-Most apps are handiest available for the
higher-tiered verstions of QBO
Only some apps are unfastened. Many price cash.
Apps combine seamlessly with QBO to access your records in the cloud; therefore, protection is
not absolute.
Custom user - ANS-This position is best to be had in QBO Advanced
Has unique get admission to to areas in QBO
cut price - ANS-used to praise loyal clients with a discount of 5% on their invoices.
Stock product - ANS-items which might be regularly stocked and bought to customers
