QUICKBOOK CHEATSHEET QUESTIONS AND ANSWERS 2025

1 | Page

QUICKBOOK CHEATSHEET QUESTIONS
AND ANSWERS 2025

Quick book online plus provides inventory tracking - correct
answer- True




Quick book online plus allows up to 5 user licenses - correct
answer- true




Quick book online plus provides project profitability tracking -
correct answer- true




Quickbooks online includes payroll support at no additional cost
- correct answer- false




You want to pass on some of your costs directly to customers in
Quickbooks online. You are able to assign a customer to a cost
but you cannot mark it as billable. you need to make costs
billable in QuickBooks online - correct answer- In the Account
and Settings area, on the expense tab toggle on make expense
and items bilable

, 2 | Page

On your bank's website you transfer 5000 from your saving
account to your checking account to pay bills. you are
processing bank feed transactions. you need to record this
transaction properly. Which two actions should you perform -
correct answer- Match the saving account transaction to the
checking account transaction


Mark the checking account transaction as a transfer




the unbilled costs by job report displays the unbilled expense -
correct answer- True




If you clear the billable check box for a cost it is no longer a
business expense - correct answer- False




You can change the billable status of a cost by selecting or
clearing the billable check box on the check - correct answer-
true




You Pay a bill by using a check. You record the transaction in
QuickBooks Online. The check is damaged before the vendor
can deposit it. You write a new check. What should you do with
the original check in QuickBooks Online? - correct answer- Void
the check