QUICKBOOKS CERTIFICATION FINAL
EXAM QUESTIONS WITH CORRECT
DETAILED ANSWERS || ALREADY GRADED
A+ RECENT VERSION
Who can add and manage apps subscriptions for clients? Select all that apply -
ANSWER - Firm Primary Admin
- Full Access team user
Additional setup tasks - ANSWER Many clients considering QuickBooks
Online (or new to it) will need options set up for them beyond what we've looked
at already.
Your client, Cindy, recently opened a retail store to sell her beauty products.
Thanks to some great marketing work and the quality of her products, she's had to
start thinking about taking on additional employees.
She's considering her options with QuickBooks Online Payroll, an additional
QuickBooks product that integrates with her QuickBooks Online file. She may also
need some help with her lists, so we may need to take a look and make some
adjustments.
QBO Payroll options - ANSWER QuickBooks Online Payroll has three
subscription levels: Core, Premium, and Elite.
, QBO Payroll Options: Core - ANSWER QuickBooks Online Core Payroll
covers the basics for you and your clients.
To help clients and accountants avoid payroll errors, all subscription levels offer
full-service features. These ensure payroll tax deposits and forms are filed correctly
and on time. Most clients will be happy to input employee working hours but want
some help processing regular payroll runs, and may prefer an
accountant/bookkeeper to take responsibility for employee setup, overseeing
remitted taxes, and filed forms.
QuickBooks Online Core Payroll features include next-day direct deposits,
unlimited payroll runs and auto payroll to support your payroll needs.
For clients considering QuickBooks Online Payroll, you can use the New User
Checklist to gather the necessary information to complete the setup.
Take a look in the further resources section at the end of this lesson to see and
download the New User Checklist.
QBO Payroll: Premium - ANSWER QuickBooks Online Premium Payroll is
the perfect way to manage your payroll needs. The Premium payroll subscription
includes all the features of Core, plus same-day direct deposits, expert setup review
and TSheets time tracking.
QBO Payroll: Elite - ANSWER QuickBooks Online Elite Payroll is the most
robust option. It has a complete payroll service with a team of U.S.-based payroll
experts to take care of payroll for your client.
QuickBooks Online Elite Payroll includes TSheets for employee time tracking, and
guarantees accuracy, so the payroll setup, payday, and taxes are done right. If there
is ever an issue, Intuit offers full tax representation to take care of it for you.
Which payroll option would you recommend so that Intuit's penalty-free guarantee
protects you and/or your client? - ANSWER With QuickBooks Online Elite
,Payroll, if there is ever an issue, Intuit offers full tax representation to take care of
it for you.*
*Terms and conditions apply.
Adding extra lists - ANSWER There are several other lists that can be set up as
required, depending on your client's needs. To take a look at the other lists that are
available, go to the Gear icon and All Lists. Here are some you might find useful.
Select the tabs in turn to find out more.
Adding extras list: Payment methods - ANSWER This displays cash, check,
and any other ways you categorize payments you receive from customers. That
way, you can print deposit slips when you deposit the payments received. Some
examples of other payment methods are ACH or EFT. Also, you may want to have
payment methods for each type of credit card accepted.
Adding extras list: Terms - ANSWER This displays the list of terms that
determine the due dates for payments from customers, or payments to vendors.
Terms can also specify discounts for early payment.
Adding extras lists: Attachments - ANSWER This displays the list of all
attachments uploaded. From here, you can add, edit, download, and export your
attachments. You can also see all transactions linked to a particular attachment.
Customizing Sales Forms: Invoices - ANSWER Let's take a look at how you
can customize invoices for your clients.
Alison Ganz is a bookkeeper on your team. She needs to create an invoice for an
onsite service on behalf of Chris Grier and send it to a customer, Elizabeth Mason.
, The invoices for Chris Grier use the standard black-and-white template. Alison
would like to apply a new logo supplied by Chris to the template.
Once signed in to QuickBooks Online Accountant, select Chris's account
Viewing Emailed Invoices - ANSWER Let's see how the invoice looks to
Samantha Rembo. She uses her mobile phone to access the Gmail app.
When she's busy, she finds it difficult to pay her invoices on time. Being able to
pay directly from the email will help her manage her payments more efficiently.
Samantha logs in to her Gmail account and finds the invoice from Chris
She selects the email
The key points of the invoice display within the email so that everything Samantha
needs to understand and review is laid out clearly Samatha can see: who the
invoice is from the amount owed the payment due date what the invoice is for and
even the message reminding her to book a meeting to discuss her upgrade using the
Pay button, Samantha will be taken directly to QuickBooks Online Invoicing
where she'll be able to make her payment electronically, if she has signed up for
this facility the full invoice is also attached as a PDF
Clients can boost their payment speed to the next level by turning on QuickBooks
Payments, giving their customers the freedom to pay their way by accepting all
credit cards and free bank transfers. This allows customers to pay directly in the
Online Invoicing portal at the tap of a button.
This unique Pay Now link ensures that payments are encrypted. It's powered by
technology from the makers of TurboTax and Mint, so it's secure and reliable.
You are about to raise an invoice on behalf of Carol Walker, a small store owner.
Walker's Wonders is a confectionery store with a fun and vibrant logo.
The invoices for Walker's Wonders use a standard template. As well as adding the
logo to the invoices, how else can you customize the invoice? Select 3 options. -
ANSWER - Add color to the highlighted areas
EXAM QUESTIONS WITH CORRECT
DETAILED ANSWERS || ALREADY GRADED
A+ RECENT VERSION
Who can add and manage apps subscriptions for clients? Select all that apply -
ANSWER - Firm Primary Admin
- Full Access team user
Additional setup tasks - ANSWER Many clients considering QuickBooks
Online (or new to it) will need options set up for them beyond what we've looked
at already.
Your client, Cindy, recently opened a retail store to sell her beauty products.
Thanks to some great marketing work and the quality of her products, she's had to
start thinking about taking on additional employees.
She's considering her options with QuickBooks Online Payroll, an additional
QuickBooks product that integrates with her QuickBooks Online file. She may also
need some help with her lists, so we may need to take a look and make some
adjustments.
QBO Payroll options - ANSWER QuickBooks Online Payroll has three
subscription levels: Core, Premium, and Elite.
, QBO Payroll Options: Core - ANSWER QuickBooks Online Core Payroll
covers the basics for you and your clients.
To help clients and accountants avoid payroll errors, all subscription levels offer
full-service features. These ensure payroll tax deposits and forms are filed correctly
and on time. Most clients will be happy to input employee working hours but want
some help processing regular payroll runs, and may prefer an
accountant/bookkeeper to take responsibility for employee setup, overseeing
remitted taxes, and filed forms.
QuickBooks Online Core Payroll features include next-day direct deposits,
unlimited payroll runs and auto payroll to support your payroll needs.
For clients considering QuickBooks Online Payroll, you can use the New User
Checklist to gather the necessary information to complete the setup.
Take a look in the further resources section at the end of this lesson to see and
download the New User Checklist.
QBO Payroll: Premium - ANSWER QuickBooks Online Premium Payroll is
the perfect way to manage your payroll needs. The Premium payroll subscription
includes all the features of Core, plus same-day direct deposits, expert setup review
and TSheets time tracking.
QBO Payroll: Elite - ANSWER QuickBooks Online Elite Payroll is the most
robust option. It has a complete payroll service with a team of U.S.-based payroll
experts to take care of payroll for your client.
QuickBooks Online Elite Payroll includes TSheets for employee time tracking, and
guarantees accuracy, so the payroll setup, payday, and taxes are done right. If there
is ever an issue, Intuit offers full tax representation to take care of it for you.
Which payroll option would you recommend so that Intuit's penalty-free guarantee
protects you and/or your client? - ANSWER With QuickBooks Online Elite
,Payroll, if there is ever an issue, Intuit offers full tax representation to take care of
it for you.*
*Terms and conditions apply.
Adding extra lists - ANSWER There are several other lists that can be set up as
required, depending on your client's needs. To take a look at the other lists that are
available, go to the Gear icon and All Lists. Here are some you might find useful.
Select the tabs in turn to find out more.
Adding extras list: Payment methods - ANSWER This displays cash, check,
and any other ways you categorize payments you receive from customers. That
way, you can print deposit slips when you deposit the payments received. Some
examples of other payment methods are ACH or EFT. Also, you may want to have
payment methods for each type of credit card accepted.
Adding extras list: Terms - ANSWER This displays the list of terms that
determine the due dates for payments from customers, or payments to vendors.
Terms can also specify discounts for early payment.
Adding extras lists: Attachments - ANSWER This displays the list of all
attachments uploaded. From here, you can add, edit, download, and export your
attachments. You can also see all transactions linked to a particular attachment.
Customizing Sales Forms: Invoices - ANSWER Let's take a look at how you
can customize invoices for your clients.
Alison Ganz is a bookkeeper on your team. She needs to create an invoice for an
onsite service on behalf of Chris Grier and send it to a customer, Elizabeth Mason.
, The invoices for Chris Grier use the standard black-and-white template. Alison
would like to apply a new logo supplied by Chris to the template.
Once signed in to QuickBooks Online Accountant, select Chris's account
Viewing Emailed Invoices - ANSWER Let's see how the invoice looks to
Samantha Rembo. She uses her mobile phone to access the Gmail app.
When she's busy, she finds it difficult to pay her invoices on time. Being able to
pay directly from the email will help her manage her payments more efficiently.
Samantha logs in to her Gmail account and finds the invoice from Chris
She selects the email
The key points of the invoice display within the email so that everything Samantha
needs to understand and review is laid out clearly Samatha can see: who the
invoice is from the amount owed the payment due date what the invoice is for and
even the message reminding her to book a meeting to discuss her upgrade using the
Pay button, Samantha will be taken directly to QuickBooks Online Invoicing
where she'll be able to make her payment electronically, if she has signed up for
this facility the full invoice is also attached as a PDF
Clients can boost their payment speed to the next level by turning on QuickBooks
Payments, giving their customers the freedom to pay their way by accepting all
credit cards and free bank transfers. This allows customers to pay directly in the
Online Invoicing portal at the tap of a button.
This unique Pay Now link ensures that payments are encrypted. It's powered by
technology from the makers of TurboTax and Mint, so it's secure and reliable.
You are about to raise an invoice on behalf of Carol Walker, a small store owner.
Walker's Wonders is a confectionery store with a fun and vibrant logo.
The invoices for Walker's Wonders use a standard template. As well as adding the
logo to the invoices, how else can you customize the invoice? Select 3 options. -
ANSWER - Add color to the highlighted areas
