Quickbooks ProAdvisor (Latest) 2024 Exam!!
How to browse integrable apps Answer- Client/Accountant users with Admin access: Apps center in nav bar
Everyone else: apps.com
Premium Apps Answer- Purpose-built apps that fully integrate with QBO and make it
seamless for clients to manage their workflows in one place. Includes additional benefits for QBO advanced clients
Apps Center in QBO Accountant Answer- Find apps | Client apps | Firm apps
Ways to Customize Banking Center Answer- - Reorder accounts
- Change account name
- Disconnect Account
How to rename or disconnect connected bank account Answer- Transactions->Bank
Transactions->pencil on account box
How reorder connected bank accounts Answer- Dashboards -> Business Overview -
> Bank Accounts -> Pencil icon
If client disconnects a bank account (4)... Answer- -QBO will delete transactions in the For Review tab
-Bank rules for this account will no longer work
-transactions won't be able to be redownloaded if older than 90 days (depending on bank)
-no warning is displayed
Refresh bank feed Answer- Transactions ->Bank Transactions ->Update
Transactions Tab Answer- Bank Transactions | App transactions | Receipts | Reconcile | Rules | Chart of Accounts
Transaction download via App includes Answer- -date
-customer name
-product description
-quantity
-purchase price
-fee breakdowns Estimates Answer- Non posting transactions Sent to customers before invoices
Used to creat purchase orders (for vendors) and then invoices (for customers)
Purchase Order Answer- Document confirming what is being purchased from a vendor. Can be created using estimates. Purchase Orders can be used to create invoices (for customers) and bills/expenses (for vendors)
How to see Estimates Answer- Sales->All Sales-> filter by transaction type
OR
Customers->Select customer->Transaction List
OR (not every client has this)
Sales->Estimate tab
How to enable Purchase Orders Answer- Gear -> Acct and Settings -> Expenses tab -> Purchase Order Section ->Purchase Orders slider
Sales Tab Answer- Overview | All Sales | (Invoices | Estimates | Payment Links) | Customers | Products and Services
Turn and Estimate into Purchase Order Answer- Sales->All Sales->Estimate
Select EDIT on the estimate you want to use
Select down arrow next to creat invoice and select copy to purchase order
Create Bill/Expense from Purchase Order Answer- Expenses -> Vendors -> Purchase Order
In drop down next to Purchase order you want to use, select create expense/create bill
OR
Expenses -> filter by transaction type.
In drop down of Purchase order you want to use, select 'Copy to bill'
Converting Estimate to an invoice Answer- Sales -> All Sales -> Estimate box
Find estimate, and select 'Convert to Invoice'
Customer Statement Types Answer- Balance Forward (Beg Balance + transactions for date range all, open, or overdue)
Open Item (List of Open Items from the last 365 days)
Transaction Statement (All transactions for date range)
Creating Statements for multiple customers Answer- New -> Statement
OR
Customers -> create statement from batch actions
Select desired customers
Select statement type
Delete a statement Answer- Open statement, select delete from bottom of the screen
How to browse integrable apps Answer- Client/Accountant users with Admin access: Apps center in nav bar
Everyone else: apps.com
Premium Apps Answer- Purpose-built apps that fully integrate with QBO and make it
seamless for clients to manage their workflows in one place. Includes additional benefits for QBO advanced clients
Apps Center in QBO Accountant Answer- Find apps | Client apps | Firm apps
Ways to Customize Banking Center Answer- - Reorder accounts
- Change account name
- Disconnect Account
How to rename or disconnect connected bank account Answer- Transactions->Bank
Transactions->pencil on account box
How reorder connected bank accounts Answer- Dashboards -> Business Overview -
> Bank Accounts -> Pencil icon
If client disconnects a bank account (4)... Answer- -QBO will delete transactions in the For Review tab
-Bank rules for this account will no longer work
-transactions won't be able to be redownloaded if older than 90 days (depending on bank)
-no warning is displayed
Refresh bank feed Answer- Transactions ->Bank Transactions ->Update
Transactions Tab Answer- Bank Transactions | App transactions | Receipts | Reconcile | Rules | Chart of Accounts
Transaction download via App includes Answer- -date
-customer name
-product description
-quantity
-purchase price
-fee breakdowns Estimates Answer- Non posting transactions Sent to customers before invoices
Used to creat purchase orders (for vendors) and then invoices (for customers)
Purchase Order Answer- Document confirming what is being purchased from a vendor. Can be created using estimates. Purchase Orders can be used to create invoices (for customers) and bills/expenses (for vendors)
How to see Estimates Answer- Sales->All Sales-> filter by transaction type
OR
Customers->Select customer->Transaction List
OR (not every client has this)
Sales->Estimate tab
How to enable Purchase Orders Answer- Gear -> Acct and Settings -> Expenses tab -> Purchase Order Section ->Purchase Orders slider
Sales Tab Answer- Overview | All Sales | (Invoices | Estimates | Payment Links) | Customers | Products and Services
Turn and Estimate into Purchase Order Answer- Sales->All Sales->Estimate
Select EDIT on the estimate you want to use
Select down arrow next to creat invoice and select copy to purchase order
Create Bill/Expense from Purchase Order Answer- Expenses -> Vendors -> Purchase Order
In drop down next to Purchase order you want to use, select create expense/create bill
OR
Expenses -> filter by transaction type.
In drop down of Purchase order you want to use, select 'Copy to bill'
Converting Estimate to an invoice Answer- Sales -> All Sales -> Estimate box
Find estimate, and select 'Convert to Invoice'
Customer Statement Types Answer- Balance Forward (Beg Balance + transactions for date range all, open, or overdue)
Open Item (List of Open Items from the last 365 days)
Transaction Statement (All transactions for date range)
Creating Statements for multiple customers Answer- New -> Statement
OR
Customers -> create statement from batch actions
Select desired customers
Select statement type
Delete a statement Answer- Open statement, select delete from bottom of the screen
