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QuickBooks Study Guide Latest Update Already Graded A How do you edit a collections letter? Choose COMPANY> PREPARE LETTERS WITH ENVELOPES> CUSTOMIZE LETTER TEMPLATES. What does the term "Double-Entry Accounting" mean? There are always at least two accounts involved in every financial transaction. You suspect that someone has changed a transaction. What report should you run? AUDIT TRAIL REPORT ~!~ ~!~ ~!~ The audit trail shows you transactions that have been added, changed, and...

QuickBooks Section 6 Questions and Answers Already Graded A Which 3 transactions in QuickBooks Online are reflected in the Accounts Payable Aging Detail report? BillsVendor CreditsBill Payments Your client is asking how much they owe their vendors. What report will you suggest they review? Accounts Payable Aging Summary Which report should Alicia run to find out which of her customers generated the most sales last month? Sales by Customer Summary Which 2 statements are true about the Mon...

QuickBooks Practice Test 100 Questions with Verified Answers During the Advanced Setup, you can turn on and off which features in the EasyStep Interview? a. Sales taxes b. Inventory c. Progress Invoicing d. All of the above ALL of the above During the Advanced Setup, you can set up a password for which of the following users during the EasyStep Interview? a. Administrator b. External Accountant c. You cannot setup passwords during the EasyStep interview d. All users administrator Wh...

QuickBooks Online Questions and Answers 100% Pass What lists can be imported from Excel spreadsheets, when setting up a QuickBooks online company? Chart of accounts, Customers, Products and Services, and Vendors Which of the following is TRUE regarding your chart of accounts, when setting up a new QuickBooks company? It is possible to add more accounts after starting a new company What company information does QuickBooks ask for when you first create a new QuickBooks online account? The i...

QuickBooks Online Exam for Certification (2022/2023) Already Passed From the payday tab you can pay employees and reimbursements to employees: FALSE You can make expenses billable to customers TRUE From the Create new button on the customers tab you can create the following forms except D) Create Bill You can only set up single tax items in Quickbooks Online FALSE An accurate balance sheet gives you a true picture of your company's finances TRUE To add a new customer go to the _______Ce...

QuickBooks Online Certification – 2022/2023 Rated A+ Marcus runs a small tailoring firm called Tailoring to Your Needs, Inc. in Santa Barbara. He needs something that will help him manage his finances with the help of his accountant. Which product do you think might suit him best? QuickBooks Online Dianne's team recently added five new QuickBooks Online client subscriptions to the firm, and Alison, the bookkeeper, just passed her QuickBooks Online Certification exam. How many points wi...

QuickBooks Online Certification Test Study Guide (2022/2023) Rated A+ You spend hours customizing a report to contain all the information you want. You want to run this report without having to do this customization again, how would you do that? 1. When the report is customized to your liking, click "save customizations" 2.Name the report and click "Save" 3.To run the customized report, select Reports from the navigation bar 4.Select the Custom reports tab 5.Click on the name of the ...

QuickBooks Online Certification Test Study Guide (2022/2023) Already Passed Can you delete or make inactive something on a list if it has a balance (e.g. Customer, Vendor, or Stock Product, or Account)? Yes, QuickBooks will automatically create a transaction to make the balance zero. While setting up a QuickBooks Online account, you accidentally entered the wrong company address. How would you fix this error? Change it in Account and Settings window, which you can access by clicking the G...

QuickBooks Online Certification Test Questions and Answers Rated A+ Can you delete or make inactive something on a list if it has a balance (e.g. Customer, Vendor, or Stock Product, or Account)? Yes, QuickBooks will automatically create a transaction to make the balance zero. While setting up a QuickBooks Online account, you accidentally entered the wrong company address. How would you fix this error? Change it in Account and Settings window, which you can access by clicking the Gear icon...

QuickBooks Online Certification Section 6 Questions and Answers 100% Pass Stacy wants to run reports that tell her which vendors provide the best prices on the products she sells. Which 2 vendor workflows in QuickBooks Online enable her to create reports with this data? Create Bill with product/service items > Pay Bill Create Expense with product/service items Create Expense with account/category detail Create Invoice with product/service items Create Bill with account/category detai...

QuickBooks Online Certification Section 5 Latest 2023 Already Passed How can you filter the For Review tab to see all the transactions QuickBooks Online thinks it has found a good match for? Select the All transactions drop-down, then Matched Select the All transactions drop-down, then Recognized Click on the Gear icon, then select Show only matches Select the All transactions drop-down, then Included MB has been using proper workflow for her sales process by creating invoices, receiving...

QuickBooks Online Certification Section 4 Questions and Answers Rated A+ When using the Copy to Purchase Order feature from within an Estimate, where do you need to turn on Use Purchase orders? Account and Settings > Products and Services Expenses > Purchase orders Account and Settings > Expenses > Purchase orders Vendors > Purchase order When a QuickBooks Online user wants to automatically apply a Credit Memo transaction to a customer invoice, where must the Automaticall...

QuickBooks Online Certification Section 3 Questions and Answers 100% Verified Which 3 navigation features are missing in a Reports Only user's view? Navigation panel Search box + New button Gear icon Help menu Your client has called for help with their bank feeds in QuickBooks Online. You begin by asking them to open the Banking tab in the Left Navigation bar and your client tells you that she doesn't see this option listed. What could be the reason? Your client doesn't have bank ...

QuickBooks Online Certification Section 2 Questions and Answers Rated A+ You want to add a new Product and Services entry to your client's QuickBooks Online company. The service is installation of a server that doesn't include the cost of the hardware. Here are some steps for getting the job done. 1. Select the Gear icon, select Products and Services, then select New 2. _____________________________________________ 3. In the Name field, type Server installation 4. In the Sales informat...

QuickBooks Online Certification Questions and Answers Latest Update Graded A+ One of the major advantages of all subscription levels of QuickBooks Online have over the desktop version is: 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? 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 recom...

QuickBooks Online Certification Questions and Answers Graded A+ One of the major advantages of all subscription levels of QuickBooks Online have over the desktop version is: All the data is hosted, backed up and secured by Intuit's servers You use QuickBooks Online Simple Start. How many accountant users can your invite? 2 What is a benefit of Quickbooks Online vs Quickbooks Desktop as far as access? Online access data anytime, anywhere How many regular (not accountant Users) can acces...

QuickBooks online certification questions and answers graded A+ When you're working in QuickBooks Online, you'll spend most of your time using a form, a list, or a: Register Which customization would quickly condense the size of a Profit & Loss report: Click collapse on the report to show only parent account subtotals When you click the Paycheck List tab it will automatically take you back to the Payday tab to View and Print a check, Delete a check, or Modify the Check #s: True Lists s...

QuickBooks Online Certification Questions and Answers Already Graded A How is a credit memo different from a refund receipt? A credit memo affects accounts receivable What are the non-posting transactions related to sales? Estimate, Delayed Charge, Delayed Credit What lists can be imported from excel spreadsheets when setting up a QBO company? Chart of Accounts, Customers, Products & Services, Vendors Which of the following is TRUE regarding your chart of accounts, when setting up a new...

QuickBooks Online Certification Exam- Section 4 Latest Update Graded A The Client List is your one-stop shop for all of your client information- even clients who do not use QuickBooks Online! What are the five columns listed under Client Details? Notes, Bookkeeping, Payroll, Shared Documents, and Tax *** Can clients see the notes listed in the Client Details screen? No What allows you to view a client's subscription fee and billing history at a glance? You can make quick changes to subs...

QuickBooks Online Certification Exam- Section 1 (2022/2023) Already Graded A What type of business relies on knowing their inventory at all times? B2B Wholesale businesses *** Managing inventory and avoiding out-of-stock situations is critical to the success of what type of business, as well as understanding cash flow and balance sheets? Retail and e- commerce businesses What are the three different ways to get information into QuickBooks Online? 1. Convert data in existing QuickBooks De...