Quickbooks (Intuit) Certification Exam Updated RATED A+ 2025/2026 NEW!!

Quickbooks (Intuit) Certification Exam Updated RATED
A+ 2025/2026 NEW!!
Move each answer financial report from the list on the left to the correct description on the right.
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1) Shows assets, liabilities, and equity at one point in time
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2) Used to understand changes in revenues and expenditures
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3) Shows income, expenses, and net income during a specific time period
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4) Provides information about the current financial health of a business - Correct Answers 1)
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Balance sheet
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2) Balance sheet
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3) Profit & loss
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4) Profit & loss
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Il` You want to pass on some of your costs directly to customers in Quicbooks Online. You are able to
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Il` assign a customer to a cost, but you cannot mark it as billable. You need to make costs billable in
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Il` Quickbooks Online. What should you do? - Correct Answers C) In the account and settings area, Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`




Il` on the Expenses tab, toggle on Make expenses and items billable.
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Il` You are sending an invoice to a customer. You need to set up the payment terms. What does a
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Il` payment term of "Net 15" mean? - Correct Answers A) The customer must pay the invoice in full
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Il` within 15 days of the invoice date. Il` Il` Il` Il` Il` Il`




Il` Which lists can you import into Quickbooks Online Plus from the import Data screen? - Correct
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Il` Answers A) Products and services Il` Il` Il` Il` Il` Il` Il`




Il` 1) Quickbooks Payments allows you to accept payments directly from customers.
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2) Quickbooks Paymentts accepts credit cards, debit cards, cash, checks, and ACH bank transfers.
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3) Transaction fees for using Quickbooks Payments are changed on a separate monthly invoice
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from Intuit. - Correct Answers 1) True
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, 2) TrueIl` Il`




3) False
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Il` For each statement about setting up payment terms for a new customer in Quickbooks Online,
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Il` select True or False. Il` Il` Il`




1) You can create new payment terms from the New Customer form.
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2) You must specify payment terms when setting up a new customer
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3) If you do not select payment terms for a customer, Quickbooks Online assigns the default
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invoice term. - Correct Answers 1) True
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2) False
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3) TrueIl`




Il` Which two statements describe the difference between recording expenses on checks and as
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Il` credit card expenses? (Choose 2) - Correct Answers A) A check debits the expense account and
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Il` credits the bank Il` Il`




C) A check debits the expense account and credits Accounts Payable
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Il` You are customizing a Profit and Loss report.
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You need to display two data ranges side by side
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Which setting should you configure? Select the correct setting in the answer area. - Correct
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Answers Select Compare another period box
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Il` In Quickbooks Online, what is the difference between voiding and deleting a check? - Correct
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Il` Answers A) Voiding a check keeps it in records but reduces its value to zero.
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Deleting a check removes it from reports other than the Audit Log.
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