CERTIFICATION EXAM 2025
QUESTIONS AND ANSWERS
Primary admin - ANS Can manage all users
Created the QuickBooks account
Company Admin - ANS this role is only available in QBO Advanced
Custom user - ANS This role is only available in QBO Advanced
Has specific access to areas in QBO
Standard user - ANS In all versions of QBO, this role can be set to specific levels of access
Close the Books feature's two benefits - ANS Users cannot change transactions in a closed
period
It generates a closing Date Detail report
Accrual Accounting - ANS A company makes a sale and records the expected revenue as an
AR transaction
Provides a more accurate picture of the profitability of a company because it includes AR and
payables
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, Cash Basis Accounting - ANS A company makes a sale, but revenue is not realized until the
invoice is paid
The most common method of accounting
Tasks the can be automated in QBO - ANS Overdue Payment reminders
payroll
financial reporting
QBO creates a chart of accounts based on the industry you selected - ANS true
You can add, edit, and remove accounts after starting a new company in QB - ANS True
New accounts can only be added during the new company startup process - ANS False
only income and expense accounts can be added after starting a new company - ANS False
Three reasons to make transactions recurring in QBO - ANS Saves time
Minimizes human error
Reduces late payments
The best way to automate credit card payments with a recurring sales receipt - ANS create a
template
The steps to enter info into a journal entry are: - ANS 1 - select the account
2 - enter the amount to be credited and debited
3 - verify the credit/debit amounts are the same
4 - enter a memo
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