QB SECTION 1 EXAM 2025 QUESTIONS
AND ANSWERS
Which 2 features in QuickBooks Online can help a professional services company track
profitability by client? - ANS Price rules
-Profit and Loss by Customer Report
Recurring transactions
Customer Statements
-Projects
What are the 3 primary ways to migrate client data to QuickBooks Online? - ANS -use the
import data tool
use the export data tool
create recurring transactions
-enter data manually into quickbooks online forms and check registers
-convert data from existing quickbooks Desktop file
Which 2 QuickBooks subscription levels would support a client who needs to track how much
inventory is in stock at any given time? - ANS essentials
simple start
-advanced
-plus
self-employed
Copyright ©2025 BRIGHTSTARS ALL RIGHTS RESERVED 1
, You are adding a new client subscription through QuickBooks Online Accountant. Which billing
option would you choose if you want Intuit to bill your client? - ANS Accountant discount
ProAdvisor Discount
Client billing
-Direct Discount
To determine the scope of a bookkeeping clean-up engagement, you are reviewing the Client
Overview tab for a potential client. You notice that there is a large amount in the Opening
Balance Equity account. Which 2 reasons could be causing this balance? - ANS Transactions
in the Banking Center were added without assigning an account to them
-An opening balance was entered when an inventory item was created
-An opening balance was entered when creating a new Other Current Asset account*
An opening balance was entered when setting up sales tax
A reconciliation adjustment was posted when completing a bank reconciliation
Which 4 sections of the Overview screen can be used to perform a high-level review? -
ANS Client Mileage
-Transaction Volume
-Company Setup
Prep for Taxes
-Banking Activity
Outstanding Taxes
-Common Issues
Voided/deleted Transactions
Copyright ©2025 BRIGHTSTARS ALL RIGHTS RESERVED 2
AND ANSWERS
Which 2 features in QuickBooks Online can help a professional services company track
profitability by client? - ANS Price rules
-Profit and Loss by Customer Report
Recurring transactions
Customer Statements
-Projects
What are the 3 primary ways to migrate client data to QuickBooks Online? - ANS -use the
import data tool
use the export data tool
create recurring transactions
-enter data manually into quickbooks online forms and check registers
-convert data from existing quickbooks Desktop file
Which 2 QuickBooks subscription levels would support a client who needs to track how much
inventory is in stock at any given time? - ANS essentials
simple start
-advanced
-plus
self-employed
Copyright ©2025 BRIGHTSTARS ALL RIGHTS RESERVED 1
, You are adding a new client subscription through QuickBooks Online Accountant. Which billing
option would you choose if you want Intuit to bill your client? - ANS Accountant discount
ProAdvisor Discount
Client billing
-Direct Discount
To determine the scope of a bookkeeping clean-up engagement, you are reviewing the Client
Overview tab for a potential client. You notice that there is a large amount in the Opening
Balance Equity account. Which 2 reasons could be causing this balance? - ANS Transactions
in the Banking Center were added without assigning an account to them
-An opening balance was entered when an inventory item was created
-An opening balance was entered when creating a new Other Current Asset account*
An opening balance was entered when setting up sales tax
A reconciliation adjustment was posted when completing a bank reconciliation
Which 4 sections of the Overview screen can be used to perform a high-level review? -
ANS Client Mileage
-Transaction Volume
-Company Setup
Prep for Taxes
-Banking Activity
Outstanding Taxes
-Common Issues
Voided/deleted Transactions
Copyright ©2025 BRIGHTSTARS ALL RIGHTS RESERVED 2
