QUICKBOOKS (INTUIT) CERTIFICATION EXAM AND
STUDY GUIDE NEWEST 2025 TEST BANK| COMPLETE
250 REAL EXAM QUESTIONS AND CORRECT VERIFIED
ANSWERS/ GRADED A+ (BRAND NEW!!)
1. Which QuickBooks Online service tier includes advanced
reporting and workflow automation?
A) Simple Start
B) Essentials
C) Plus
D) Advanced
Correct Answer: D
Rationale: The Advanced tier provides features like advanced
reporting, workflow automation, and custom user permissions,
which are not included in lower tiers .
2. When setting up a new company through the EasyStep
Interview, which piece of information is QuickBooks required
to enter?
A) Company phone number
B) Company name
C) Company fax number
D) Company website
1
,Correct Answer: B
Rationale: The company legal name is required to set up the
company file accurately. Other contact information is optional .
3. What is the first step when migrating existing company
data into QuickBooks Online?
A) Downloading bank transactions
B) Reviewing data mapping requirements
C) Setting up payroll
D) Creating a new chart of accounts
Correct Answer: B
Rationale: Reviewing data mapping ensures that existing data is
transferred correctly into QuickBooks Online before any
migration steps begin .
4. What is the purpose of the "Close the Books" feature in
QuickBooks?
A) Lock previous periods to prevent changes
B) Generate payroll checks
C) Add new users
D) Export reports to Excel
Correct Answer: A
Rationale: Closing the books with a closing date prevents users
2
,from deleting, editing, or adding transactions dated before that
date .
5. How does QuickBooks Online handle subscription and
licensing requirements?
A) One-time fee at setup
B) Monthly or annual subscription
C) No cost for any features
D) Pay-per-transaction basis
Correct Answer: B
Rationale: QuickBooks Online operates on a subscription model,
billed monthly or annually, with different tiers offering different
features .
6. Which account type in the Chart of Accounts is used to track
company bank balances?
A) Equity
B) Expense
C) Asset
D) Income
Correct Answer: C
Rationale: Bank balances are tracked using Asset accounts, as
bank accounts represent resources owned by the company .
3
, 7. When should you create an invoice in QuickBooks?
A) When a customer pays at the time of sale
B) When a customer purchases goods or services but does not
pay immediately
C) When recording a vendor bill
D) When paying employee wages
Correct Answer: B
Rationale: Invoices are used when the customer receives goods
or services but payment is collected later, creating an account
receivable .
8. When should you use a Sales Receipt in QuickBooks?
A) To record a customer payment at the time of sale
B) To record a bill from a vendor
C) To record a customer payment after invoicing
D) To record employee payroll
Correct Answer: A
Rationale: Sales receipts are used when the customer pays in full
at the time of sale, with no accounts receivable involved .
9. How do you track accounts payable in QuickBooks?
A) Create an invoice
B) Enter a bill, then use the Pay Bills window
4
STUDY GUIDE NEWEST 2025 TEST BANK| COMPLETE
250 REAL EXAM QUESTIONS AND CORRECT VERIFIED
ANSWERS/ GRADED A+ (BRAND NEW!!)
1. Which QuickBooks Online service tier includes advanced
reporting and workflow automation?
A) Simple Start
B) Essentials
C) Plus
D) Advanced
Correct Answer: D
Rationale: The Advanced tier provides features like advanced
reporting, workflow automation, and custom user permissions,
which are not included in lower tiers .
2. When setting up a new company through the EasyStep
Interview, which piece of information is QuickBooks required
to enter?
A) Company phone number
B) Company name
C) Company fax number
D) Company website
1
,Correct Answer: B
Rationale: The company legal name is required to set up the
company file accurately. Other contact information is optional .
3. What is the first step when migrating existing company
data into QuickBooks Online?
A) Downloading bank transactions
B) Reviewing data mapping requirements
C) Setting up payroll
D) Creating a new chart of accounts
Correct Answer: B
Rationale: Reviewing data mapping ensures that existing data is
transferred correctly into QuickBooks Online before any
migration steps begin .
4. What is the purpose of the "Close the Books" feature in
QuickBooks?
A) Lock previous periods to prevent changes
B) Generate payroll checks
C) Add new users
D) Export reports to Excel
Correct Answer: A
Rationale: Closing the books with a closing date prevents users
2
,from deleting, editing, or adding transactions dated before that
date .
5. How does QuickBooks Online handle subscription and
licensing requirements?
A) One-time fee at setup
B) Monthly or annual subscription
C) No cost for any features
D) Pay-per-transaction basis
Correct Answer: B
Rationale: QuickBooks Online operates on a subscription model,
billed monthly or annually, with different tiers offering different
features .
6. Which account type in the Chart of Accounts is used to track
company bank balances?
A) Equity
B) Expense
C) Asset
D) Income
Correct Answer: C
Rationale: Bank balances are tracked using Asset accounts, as
bank accounts represent resources owned by the company .
3
, 7. When should you create an invoice in QuickBooks?
A) When a customer pays at the time of sale
B) When a customer purchases goods or services but does not
pay immediately
C) When recording a vendor bill
D) When paying employee wages
Correct Answer: B
Rationale: Invoices are used when the customer receives goods
or services but payment is collected later, creating an account
receivable .
8. When should you use a Sales Receipt in QuickBooks?
A) To record a customer payment at the time of sale
B) To record a bill from a vendor
C) To record a customer payment after invoicing
D) To record employee payroll
Correct Answer: A
Rationale: Sales receipts are used when the customer pays in full
at the time of sale, with no accounts receivable involved .
9. How do you track accounts payable in QuickBooks?
A) Create an invoice
B) Enter a bill, then use the Pay Bills window
4
