QUICKBOOKS ONLINE CERTIFICATION EXAM – ORIGINAL
PRACTICE QUESTIONS AND ANSWERS | STUDY GUIDE |
EXAM PREP| NEWEST EXAM 2026-2027 |GUARANTEED
PASS!!INSTANT DOWNLOAD!!
1. A company has just subscribed to QuickBooks Online. What should be
configured first to help ensure accurate financial records?
A. Create customer invoices.
B. Import employee payroll data.
C. Review and customize the Chart of Accounts to reflect the business's
operations.
D. Print financial reports.
A well-structured Chart of Accounts provides the foundation for accurate
transaction recording and meaningful financial reporting.
2. Which QuickBooks Online feature automatically imports eligible
transactions from a connected financial institution?
A. Projects
B. Recurring Transactions
C. Audit Log
D. Bank Feeds
Bank Feeds automatically import transactions from connected bank and credit
card accounts, reducing manual data entry.
3. A customer pays an invoice in full using a credit card. What should you do
in QuickBooks Online?
A. Delete the invoice.
B. Create a journal entry.
C. Record the payment using the Receive Payment feature.
D. Create a new sales receipt.
, Recording the payment applies it to the outstanding invoice and updates the
customer's balance correctly.
4. Which report is most useful for evaluating a company's profitability over a
specified period?
A. Balance Sheet
B. Customer Contact List
C. Vendor List
D. Profit and Loss Report
The Profit and Loss Report summarizes income and expenses over a selected
period to show whether the business earned a profit or incurred a loss.
5. What is the purpose of reconciling a bank account?
A. Increase revenue automatically.
B. Calculate employee wages.
C. Confirm that QuickBooks transactions match the bank statement and
identify discrepancies.
D. Delete duplicate vendors.
Bank reconciliation helps ensure financial records are complete and accurate
while identifying missing or incorrect transactions.
6. A business receives an advance payment from a customer before any work
has been completed. How should this generally be recorded?
A. As immediate sales revenue.
B. As an owner's contribution.
C. As an operating expense.
D. As a customer deposit or other liability until the work is performed.
Payments received before goods or services are delivered generally represent a
liability until the obligation has been fulfilled.
, 7. Which QuickBooks Online user role should generally be assigned to an
employee who only creates invoices and records customer payments?
A. Company Administrator
B. Reports Only User
C. A user role with limited sales and customer permissions appropriate to
their job responsibilities.
D. Payroll Administrator with full accounting access.
Applying the principle of least privilege helps protect financial data by giving
users only the access required to perform their duties.
8. Which feature helps automate transactions that occur on a regular
schedule, such as monthly rent?
A. Audit Log
B. Bank Rules
C. Projects
D. Recurring Transactions
Recurring Transactions save time and reduce manual entry by automatically
creating or reminding users about routine transactions.
9. A business owner wants to know how much customers still owe the
company. Which report should they review?
A. Balance Sheet
B. Sales by Product Report
C. Accounts Receivable Aging Report
D. Trial Balance
The Accounts Receivable Aging Report shows outstanding customer balances
grouped by how long they have been unpaid, helping manage collections.
PRACTICE QUESTIONS AND ANSWERS | STUDY GUIDE |
EXAM PREP| NEWEST EXAM 2026-2027 |GUARANTEED
PASS!!INSTANT DOWNLOAD!!
1. A company has just subscribed to QuickBooks Online. What should be
configured first to help ensure accurate financial records?
A. Create customer invoices.
B. Import employee payroll data.
C. Review and customize the Chart of Accounts to reflect the business's
operations.
D. Print financial reports.
A well-structured Chart of Accounts provides the foundation for accurate
transaction recording and meaningful financial reporting.
2. Which QuickBooks Online feature automatically imports eligible
transactions from a connected financial institution?
A. Projects
B. Recurring Transactions
C. Audit Log
D. Bank Feeds
Bank Feeds automatically import transactions from connected bank and credit
card accounts, reducing manual data entry.
3. A customer pays an invoice in full using a credit card. What should you do
in QuickBooks Online?
A. Delete the invoice.
B. Create a journal entry.
C. Record the payment using the Receive Payment feature.
D. Create a new sales receipt.
, Recording the payment applies it to the outstanding invoice and updates the
customer's balance correctly.
4. Which report is most useful for evaluating a company's profitability over a
specified period?
A. Balance Sheet
B. Customer Contact List
C. Vendor List
D. Profit and Loss Report
The Profit and Loss Report summarizes income and expenses over a selected
period to show whether the business earned a profit or incurred a loss.
5. What is the purpose of reconciling a bank account?
A. Increase revenue automatically.
B. Calculate employee wages.
C. Confirm that QuickBooks transactions match the bank statement and
identify discrepancies.
D. Delete duplicate vendors.
Bank reconciliation helps ensure financial records are complete and accurate
while identifying missing or incorrect transactions.
6. A business receives an advance payment from a customer before any work
has been completed. How should this generally be recorded?
A. As immediate sales revenue.
B. As an owner's contribution.
C. As an operating expense.
D. As a customer deposit or other liability until the work is performed.
Payments received before goods or services are delivered generally represent a
liability until the obligation has been fulfilled.
, 7. Which QuickBooks Online user role should generally be assigned to an
employee who only creates invoices and records customer payments?
A. Company Administrator
B. Reports Only User
C. A user role with limited sales and customer permissions appropriate to
their job responsibilities.
D. Payroll Administrator with full accounting access.
Applying the principle of least privilege helps protect financial data by giving
users only the access required to perform their duties.
8. Which feature helps automate transactions that occur on a regular
schedule, such as monthly rent?
A. Audit Log
B. Bank Rules
C. Projects
D. Recurring Transactions
Recurring Transactions save time and reduce manual entry by automatically
creating or reminding users about routine transactions.
9. A business owner wants to know how much customers still owe the
company. Which report should they review?
A. Balance Sheet
B. Sales by Product Report
C. Accounts Receivable Aging Report
D. Trial Balance
The Accounts Receivable Aging Report shows outstanding customer balances
grouped by how long they have been unpaid, helping manage collections.
