QuickBooks Exam 2
Which report should you run to list all customers who currently owe
balances and how old the balances are? correct answersA/R Aging
Summary
*What steps will take you to a client's QuickBooks online company from
QuickBooks online accountant? correct answers-Selecting the QB icon
next to their name on the client list
Some of the tools are available elsewhere as some can only be found here
for example trial balance, voided deleted transactions, and write off
invoices. correct answers-The Accountant Toolbox
On the dashboard what information can you see displayed? select all the
options that are Correct. correct answers-Income and sales data
-profit and loss figures
-expenses
-credit card balances
-bank balances.
Which of the following are futures of a client QuickBooks online
company? correct answersA QuickBooks company is made up of list and
transactions
-there are multiple entry points for finding different lists and
transactions
-as an accountant user you have an additional drop-down menu in
your client's company
-setting and tools can be accessed from the gear icon
The.... lists each customer with an open balance. It lists the open invoices
in different columns based on whether they are current or how far is been
overdue 30, 60 or 90+ days.
*What kind of report is being described here? correct answersA/R aging
Summary Report
On the prep for Texas screen has been reviewed and the data is ready to
hand off to the tax preparer, which three tax options are available correct
answers-Create new return
-Update an existing return
-Export CSV file
What two options in a QuickBooks online profit and loss report will quickly
show a client how much income and expenses were incurred over the past
two years? correct answers-Compare another period
, -Report Period
Stacy wants to be able to run reports in QuickBooks online that will tell
her which vendors provide the best prices on the products she sells.
*Which to Vendor workflows will enable her to create a report with his
data? correct answersCreate bill with product/service items > pay bills
-Create expense with product / service items
*What are three ways to add receipts to QuickBooks online receipt
capture? correct answersSnap a picture via the mobile app
-Forward a receipt to email from the registered email address
-Upload a picture via a browser
*What are three important reasons to reconcile bank and credit card
accounts at set dates? correct answers-To verify transactions, have the
correct date assigned to them
-to verify that an account balance is within its credit limit
-to verify that all transactions have been recorded for the period
*Which option explains how to enable email recipient forwarding in
QuickBooks online? correct answersselect banking > receipts > register
your email to get started
*Where can you go in the banking center to review downloaded bank feed
transactions that have already been matched to existing transactions in
QuickBooks online? correct answers-Reviewed tab
*What are two ways to begin setting up a recurring transactions in
QuickBooks online? correct answers-Select make recurring at the bottom of
a transaction
-select gear > recurring transaction
*In QuickBooks online accountant, what area of data does the search
box look in? correct answers-Your Books
*Irene has previously recorded all credit card activity manually using the
expense transaction screen and reconciled the account using the
reconciliation tool. after connecting her credit card in the banking center,
she doesn't see any matches for the transaction she previously entered and
recorded. correct answers-Select the reconcile transactions > batch actions
> exclude selected
*Which two statements regarding bank feed best practice workflows are
correct? correct answersYou should complete match transactions first then
move on to add transactions.
-you should match downloaded bank fee transactions to invoice
payments, sales receipts, or deposits, but not open invoices.
*Which three statements regarding bank rules are true? correct
answersBank rules can be prioritized
Which report should you run to list all customers who currently owe
balances and how old the balances are? correct answersA/R Aging
Summary
*What steps will take you to a client's QuickBooks online company from
QuickBooks online accountant? correct answers-Selecting the QB icon
next to their name on the client list
Some of the tools are available elsewhere as some can only be found here
for example trial balance, voided deleted transactions, and write off
invoices. correct answers-The Accountant Toolbox
On the dashboard what information can you see displayed? select all the
options that are Correct. correct answers-Income and sales data
-profit and loss figures
-expenses
-credit card balances
-bank balances.
Which of the following are futures of a client QuickBooks online
company? correct answersA QuickBooks company is made up of list and
transactions
-there are multiple entry points for finding different lists and
transactions
-as an accountant user you have an additional drop-down menu in
your client's company
-setting and tools can be accessed from the gear icon
The.... lists each customer with an open balance. It lists the open invoices
in different columns based on whether they are current or how far is been
overdue 30, 60 or 90+ days.
*What kind of report is being described here? correct answersA/R aging
Summary Report
On the prep for Texas screen has been reviewed and the data is ready to
hand off to the tax preparer, which three tax options are available correct
answers-Create new return
-Update an existing return
-Export CSV file
What two options in a QuickBooks online profit and loss report will quickly
show a client how much income and expenses were incurred over the past
two years? correct answers-Compare another period
, -Report Period
Stacy wants to be able to run reports in QuickBooks online that will tell
her which vendors provide the best prices on the products she sells.
*Which to Vendor workflows will enable her to create a report with his
data? correct answersCreate bill with product/service items > pay bills
-Create expense with product / service items
*What are three ways to add receipts to QuickBooks online receipt
capture? correct answersSnap a picture via the mobile app
-Forward a receipt to email from the registered email address
-Upload a picture via a browser
*What are three important reasons to reconcile bank and credit card
accounts at set dates? correct answers-To verify transactions, have the
correct date assigned to them
-to verify that an account balance is within its credit limit
-to verify that all transactions have been recorded for the period
*Which option explains how to enable email recipient forwarding in
QuickBooks online? correct answersselect banking > receipts > register
your email to get started
*Where can you go in the banking center to review downloaded bank feed
transactions that have already been matched to existing transactions in
QuickBooks online? correct answers-Reviewed tab
*What are two ways to begin setting up a recurring transactions in
QuickBooks online? correct answers-Select make recurring at the bottom of
a transaction
-select gear > recurring transaction
*In QuickBooks online accountant, what area of data does the search
box look in? correct answers-Your Books
*Irene has previously recorded all credit card activity manually using the
expense transaction screen and reconciled the account using the
reconciliation tool. after connecting her credit card in the banking center,
she doesn't see any matches for the transaction she previously entered and
recorded. correct answers-Select the reconcile transactions > batch actions
> exclude selected
*Which two statements regarding bank feed best practice workflows are
correct? correct answersYou should complete match transactions first then
move on to add transactions.
-you should match downloaded bank fee transactions to invoice
payments, sales receipts, or deposits, but not open invoices.
*Which three statements regarding bank rules are true? correct
answersBank rules can be prioritized
