QuickBooks Online Certification |\ |\ |\
questions with answers |\ |\
Primary admin - CORRECT ANSWERS ✔✔Can manage all
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users
Created the QuickBooks account
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Company Admin - CORRECT ANSWERS ✔✔this role is only
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available in QBO Advanced
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Custom user - CORRECT ANSWERS ✔✔This role is only
|\ |\ |\ |\ |\ |\ |\ |\ |\
available in QBO Advanced |\ |\ |\
Has specific access to areas in QBO
|\ |\ |\ |\ |\ |\
Standard user - CORRECT ANSWERS ✔✔In all versions of
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QBO, this role can be set to specific levels of access
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Close the Books feature's two benefits - CORRECT
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ANSWERS ✔✔Users cannot change transactions in a
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closed period |\
It generates a closing Date Detail report
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, Accrual Accounting - CORRECT ANSWERS ✔✔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 |\ |\ |\ |\ |\ |\
Cash Basis Accounting - CORRECT ANSWERS ✔✔A
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company makes a sale, but revenue is not realized until
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the invoice is paid
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The most common method of accounting
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Tasks the can be automated in QBO - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔Overdue Payment reminders
|\ |\ |\
payroll
financial reporting |\
QBO creates a chart of accounts based on the industry
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
you selected - CORRECT ANSWERS ✔✔true
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You can add, edit, and remove accounts after starting a
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new company in QB - CORRECT ANSWERS ✔✔True
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New accounts can only be added during the new
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company startup process - CORRECT ANSWERS ✔✔False
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questions with answers |\ |\
Primary admin - CORRECT ANSWERS ✔✔Can manage all
|\ |\ |\ |\ |\ |\ |\ |\
users
Created the QuickBooks account
|\ |\ |\
Company Admin - CORRECT ANSWERS ✔✔this role is only
|\ |\ |\ |\ |\ |\ |\ |\
available in QBO Advanced
|\ |\ |\ |\
Custom user - CORRECT ANSWERS ✔✔This role is only
|\ |\ |\ |\ |\ |\ |\ |\ |\
available in QBO Advanced |\ |\ |\
Has specific access to areas in QBO
|\ |\ |\ |\ |\ |\
Standard user - CORRECT ANSWERS ✔✔In all versions of
|\ |\ |\ |\ |\ |\ |\ |\ |\
QBO, this role can be set to specific levels of access
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
Close the Books feature's two benefits - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Users cannot change transactions in a
|\ |\ |\ |\ |\ |\ |\
closed period |\
It generates a closing Date Detail report
|\ |\ |\ |\ |\ |\
, Accrual Accounting - CORRECT ANSWERS ✔✔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 |\ |\ |\ |\ |\ |\
Cash Basis Accounting - CORRECT ANSWERS ✔✔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 - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔Overdue Payment reminders
|\ |\ |\
payroll
financial reporting |\
QBO creates a chart of accounts based on the industry
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
you selected - CORRECT ANSWERS ✔✔true
|\ |\ |\ |\ |\
You can add, edit, and remove accounts after starting a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
new company in QB - CORRECT ANSWERS ✔✔True
|\ |\ |\ |\ |\ |\ |\
New accounts can only be added during the new
|\ |\ |\ |\ |\ |\ |\ |\ |\
company startup process - CORRECT ANSWERS ✔✔False
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