QuickBooks Online Certification Exam
Answers
Tracks invoice views and payments, allows customer queries -
ANSWER: Online Invoicing Feature &*&*()&*(&
*($&*(&*()
&*(&*&*^&
Warn for duplicates in QuickBooks Online - ANSWER: Duplicate Check%&%^$^&*(
and Bill Numbers ))%_)_)_^+_
&___&()_*+
+*+__)(*^&
Customer pays transaction charge in Billing and Subscription tab -
ANSWER: QuickBooks Payments Option
Steps include selecting client company and Gear icon - ANSWER:
Modify Business Address
Accessed by selecting Gear icon and All Lists - ANSWER: Lists in
QuickBooks Online
Done by selecting Gear icon, Tools, Import Data, then Products and
services - ANSWER: Importing Products and Services
P&L shows income/expenses for a period; Balance Sheet shows
assets/liabilities for a date - ANSWER: Profit and Loss vs. Balance
Sheet
Central to QuickBooks Online, links products/services, allows changes -
ANSWER: Chart of Accounts
Default account when inventory is active - ANSWER: Sales of Product
Income
Determines the financial statement display of an account - ANSWER:
Category Type
, QuickBooks Online Certification Exam
Answers
Remove irrelevant account from Chart of Accounts - ANSWER: Delete
Account &*&*()&*(&
*($&*(&*()
&*(&*&*^&
Regular, custom user, Company admin, Reports only, Time Tracking only%&%^$^&*(
- ANSWER: User Permissions ))%_)_)_^+_
&___&()_*+
+*+__)(*^&
Complete payroll service managed by US-based experts - ANSWER:
Full-Service Payroll
Product linked to QuickBooks for tax return preparation - ANSWER:
ProConnect Tax Online
Initiate by navigating to Quick Create, then Transfer link - ANSWER:
Transfer Process
Temporary holding account for payments before bank deposit -
ANSWER: Undeposited Funds
Process involving invoicing and recording customer payments -
ANSWER: Accounts Receivable Workflow
Use for employee reimbursements, tax refunds, direct income deposits
- ANSWER: Add Other Funds
Credit memos and vendor credits are examples - ANSWER: Posting
Transactions
Record a fee to invoice later, linked to customer invoice - ANSWER:
Delayed Charge
Answers
Tracks invoice views and payments, allows customer queries -
ANSWER: Online Invoicing Feature &*&*()&*(&
*($&*(&*()
&*(&*&*^&
Warn for duplicates in QuickBooks Online - ANSWER: Duplicate Check%&%^$^&*(
and Bill Numbers ))%_)_)_^+_
&___&()_*+
+*+__)(*^&
Customer pays transaction charge in Billing and Subscription tab -
ANSWER: QuickBooks Payments Option
Steps include selecting client company and Gear icon - ANSWER:
Modify Business Address
Accessed by selecting Gear icon and All Lists - ANSWER: Lists in
QuickBooks Online
Done by selecting Gear icon, Tools, Import Data, then Products and
services - ANSWER: Importing Products and Services
P&L shows income/expenses for a period; Balance Sheet shows
assets/liabilities for a date - ANSWER: Profit and Loss vs. Balance
Sheet
Central to QuickBooks Online, links products/services, allows changes -
ANSWER: Chart of Accounts
Default account when inventory is active - ANSWER: Sales of Product
Income
Determines the financial statement display of an account - ANSWER:
Category Type
, QuickBooks Online Certification Exam
Answers
Remove irrelevant account from Chart of Accounts - ANSWER: Delete
Account &*&*()&*(&
*($&*(&*()
&*(&*&*^&
Regular, custom user, Company admin, Reports only, Time Tracking only%&%^$^&*(
- ANSWER: User Permissions ))%_)_)_^+_
&___&()_*+
+*+__)(*^&
Complete payroll service managed by US-based experts - ANSWER:
Full-Service Payroll
Product linked to QuickBooks for tax return preparation - ANSWER:
ProConnect Tax Online
Initiate by navigating to Quick Create, then Transfer link - ANSWER:
Transfer Process
Temporary holding account for payments before bank deposit -
ANSWER: Undeposited Funds
Process involving invoicing and recording customer payments -
ANSWER: Accounts Receivable Workflow
Use for employee reimbursements, tax refunds, direct income deposits
- ANSWER: Add Other Funds
Credit memos and vendor credits are examples - ANSWER: Posting
Transactions
Record a fee to invoice later, linked to customer invoice - ANSWER:
Delayed Charge
