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One of the major advantages of all subscription levels of QuickBooks Online have over the
desktop version is: - CORRECT ANSWER- All the data is hosted, backed up and secured by
Intuit's servers
Your client uses QuickBooks Online Simple Start. How many accountant users can your client
invite? - CORRECT ANSWER- 2
Your client is moving out of state and wants you to do the monthly accounting in their data file.
What would be the best reason to recommend converting to QuickBooks Online? - CORRECT
ANSWER- Online access to client data anytime, anywhere
How many regular (not accountant Users) can access a QuickBooks Essential subscription at one
time? - CORRECT ANSWER- 3
Under which settings tab do you enable inventory tracking? - CORRECT ANSWER- Sales
What type of user can only be added to a QuickBooks Online Plus Company? - CORRECT
ANSWER- Reports-only user
Which of the following cannot be imported using the import data tool in QuickBooks Online? -
CORRECT ANSWER- Employees
,Which of the following steps are needed to track inventory? - CORRECT ANSWER- Sign up for
Quickbooks Online Plus: Go to Account and Settings>Sales>Products and services>Track
inventory quantity on hand
Which of the following settings is found in the Expense setting screen of the Company Settings?
- CORRECT ANSWER- Specify custom fields for Purchase Orders
A non-profit client wants to change the heading for her customers to Donors. Where should she
go in QuickBooks Online to change this setting? - CORRECT ANSWER- Gear Icon>Account
Settings>Advanced>Other preferences>Customer label
For how many consecutive days can you re-import QuickBooks Desktop data into QuickBooks
Online form the date the QuickBooks Online Company is created? - CORRECT ANSWER- 180
Which of the following lists can not be accessed from the Left Navigation Pane? - CORRECT
ANSWER- Classes
Your client requires access to QuickBooks Online for himself, as well as his bookkeeper and his
accountant. In addition, he will need to add payroll to his subscription level. Which of the
following is the least expensive QuickBooks Online subscription he can purchase that will satisfy
these requirements? - CORRECT ANSWER- Simple Start
Where can you add a new Customer to your Customer List in QuickBooks Online? - CORRECT
ANSWER- The Customer Center > New Customer
Which of the following best describes the functionality of the top navigation bar in QuickBooks
Online? - CORRECT ANSWER- A place to easily access tools for entering transactions
,The QuickBooks Online App provides users with a more 'desktop like' experience. What feature
does this app have that QuickBooks desktop does not? - CORRECT ANSWER- Ability to tile
windows across multiple monitors
Where can you find the Transfer function of QuickBooks Online? - CORRECT ANSWER- Quick
Create
How do you get multiple screens to display over multiple display monitors when working in the
QuickBooks Online Apps? - CORRECT ANSWER- Windows menu > Menu items open new
windows
The Sales Center is found in the _________________________ in QuickBooks Online. -
CORRECT ANSWER- Left Navigation Pane
Which is not a benefit of using the QuickBooks Online Apps for Mac and Windows? - CORRECT
ANSWER- You do not have to be connected to the internet to open your QBO Company
Choose the statement that best describes QuickBooks Online's functionality related to sales
forms and products and services: - CORRECT ANSWER- Charges to a customer on a sales form
post to the account mapped to the product / service item's income account field
How do you create a recurring invoice in QuickBooks Online? - CORRECT ANSWER- Start from
existing transaction and create a template by clicking Make Recurring
Which of the following are benefits of using the Online Invoicing Portal? - CORRECT ANSWER-
Clients can correspond with their customers regarding invoice details
, What is the difference between an Invoice and a Sales Receipt? - CORRECT ANSWER- A Sales
Receipt is meant to record an immediate acceptance of payment while an Invoice represents an
expected payment in the future
What are posting transactions related to sales? - CORRECT ANSWER- Invoice
Receive P
ayment
Credit m
emo
Sales r
eceipt
Refund
What are non-posting transactions related to sales? - CORRECT ANSWER- Estimate
Delayed charge
Delayed
credit