QuickBooks Online Certification 2025/2026 with complete solution RATED A+

QuickBooks Online Certification 2025/2026 with
complete solution RATED A+

Primary admin - Correct Answers Can manage all users
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Created the QuickBooks account Il` Il` Il`




Il` Company Admin - Correct Answers this role is only available in QBO Advanced
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Il` Custom user - Correct Answers This role is only available in QBO Advanced
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Has specific access to areas in QBO
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Il` Standard user - Correct Answers In all versions of QBO, this role can be set to specific levels of
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Il` access



Il` Close the Books feature's two benefits - Correct Answers Users cannot change transactions in a
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Il` closed period Il`




It generates a closing Date Detail report
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Il` Accrual Accounting - Correct Answers A company makes a sale and records the expected
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Il` revenue as an AR transaction Il` Il` Il` Il`




Provides a more accurate picture of the profitability of a company because it includes AR and
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payables
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Il` Cash Basis Accounting - Correct Answers A company makes a sale, but revenue is not realized
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Il` until the invoice is paid
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The most common method of accounting
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, Il` Tasks the can be automated in QBO - Correct Answers Overdue Payment reminders
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payroll

financial reporting Il`




Il` QBO creates a chart of accounts based on the industry you selected - Correct Answers true
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Il` You can add, edit, and remove accounts after starting a new company in QB - Correct Answers
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Il` True



Il` New accounts can only be added during the new company startup process - Correct Answers
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Il` False



Il` only income and expense accounts can be added after starting a new company - Correct Answers
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False
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Il` Three reasons to make transactions recurring in QBO - Correct Answers Saves time
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Minimizes human error Il` Il`




Reduces late payments Il` Il`




Il` The best way to automate credit card payments with a recurring sales receipt - Correct Answers
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Il` create a template Il` Il`




Il` The steps to enter info into a journal entry are: - Correct Answers 1 - select the account
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2 - enter the amount to be credited and debited
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3 - verify the credit/debit amounts are the same
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4 - enter a memo
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