In: Accounting
When setting up a new Team member (member of your firm) in QuickBooks Online Accountant, you can assign which of the following user permissions to the new Team member.
One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no credit for this question. Please try again.
Accounts receivable
Accounts payable
Accounts receivable, Accounts payable and Reporting
Payroll
You cannot assign user permissions to Team members. The Accountant Team member setup includes unlimited access
To import a chart of accounts for your client which set of steps listed below would you follow:
One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no credit for this question. Please try again.
Go to the Home Page > click import Chart of Accounts
Right click on the Chart of Accounts > click import Chart of Accounts
Click the Gear Icon > Import Data > choose Chart of Accounts
None of the above. You cannot import the Chart of Accounts.
Which of these sales-related transactions are non-posting transaction?
One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no credit for this question. Please try again.
Invoice
Estimates
Sales Receipt
Delayed Charges
Which of the following navigation options in QuickBooks Online is BEST used to enter day-to-day transactions in QuickBooks Online?
One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no credit for this question. Please try again.
Gear icon/Company menu
Navigation Bar
Create Menu +
Transactions
All of the above
To setup QuickBooks Online to automatically enter transactions you'll choose which of the following?
One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no credit for this question. Please try again.
Make recurring
Memorize
Automatically Enter
Schedule
The QuickBooks mobile app can do which of the following functions? Choose all that apply?
One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no credit for this question. Please try again.
Reconcile bank accounts
File Sales Tax
Email invoices
Categorize bank feed items
All of the above
QuickBooks Online lets you add more than one A/P or A/R account on the same general journal entry?
One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no credit for this question. Please try again.
True
False
Which of the following processes would merge two accounts together in the chart of accounts?
One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no credit for this question. Please try again.
Deactivate the old account
Click Gear > Chart of Accounts > Merge Accounts
Edit one account and name it exactly as the other
Add a new account and reclassify all transaction to the new account
To ensure that your clients are tracking sales tax on each sale and purchase in QuickBooks, you should add a tax rate to which of the following in QuickBooks Online? Select all that apply.
One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no credit for this question. Please try again.
Products and Services
Customers
Suppliers
Expense accounts
None of the above
How can you easily toggle to another client's QuickBooks Online File?
One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no credit for this question. Please try again.
Click Home > Connect to another account
Click Accountant Toolbox > Change Client
Click on Client Name drop down menu > Choose Client
Click Create (+) > Choose Client
What is the purpose of the Expense transaction type?
One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no credit for this question. Please try again.
To report on all expenses
To create non-posting transactions
To enter different expense type of transactions like debit, interac, etc.
To enter accounts payable transactions
If your client wants to pay multiple bills at one time, you go to:
One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no credit for this question. Please try again.
Expenses > New Transaction > Bill
Create menu (+) > Pay Bills
Expenses > Select Bills > Pay Bills
Click Gear Icon > Manage Accounts Payable
Your client needs to enable some additional features for their company in QuickBooks Online. How do you find the Company Settings in QuickBooks to make changes?
One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no credit for this question. Please try again.
There is no Company Settings page, but there is a Company Preferences button that can be reached from the home page
Click the Create menu at the top of the window and choose Company Settings
Click the Company tab on the left side of the QuickBooks window and click Company Settings
Click the Gear icon and click Account and Settings
Which of the following steps are used to add or remove columns?
One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no credit for this question. Please try again.
Right click the column header and click 'Delete'
Choose a report to edit > Click the Customize button and click 'Rows/Columns'
Click the 'Customize' button and click 'Add/Remove Columns'
Use the column width drag feature to remove the column from the report
When creating a new QuickBooks Online account, what company information does QuickBooks ask for? Select all that apply.
One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no credit for this question. Please try again.
The Name of the Company
The birth date of the owner
How long the company has been in business for
A list of company employees
Which versions of QuickBooks Online feature the ability to enter, track and pay bills?
One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no credit for this question. Please try again.
QuickBooks Online Plus only
QuickBooks Online Accountant only
QuickBooks Online Essentials and Plus
All versions of QuickBooks Online
You need to find an expense, but all you know is the amount (you can’t remember the date or supplier). What’s the best way to do this?
One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no credit for this question. Please try again.
Open the Audit log and go through the transactions until you find the correct one
Press Ctrl+F to search for the expense
Open a new expense form and press the previous button until you locate the expense
Click the magnifying glass icon, and search for the exact amount
If you DON’T download bank transactions, how do you enter a business lunch paid for with the company debit card?
One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no credit for this question. Please try again.
Click the Create button and select Expense. Fill out the expense and use Debit Card as the payment method
Click the Create button and click Bill. Enter a bill for the meal. Then click the Create button again and select Pay Bills. Now enter the payment of the bill for lunch
Click the Create button and click Debit Card. Fill out the debit card charge and save the transaction
Click the Create button and select Cheque. Fill out the expense and save the transaction.
Your client printed a cheque from QuickBooks. Before they can send it to the supplier, they spill coffee on it, ruining the cheque. How do you handle this?
One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no credit for this question. Please try again.
Delete the cheque
Void the cheque
Issue another cheque from QuickBooks with the same cheque number
Change the amount of the cheque to zero
Your company would like to sell their products online. They ask you to look for an app that makes it easy for customers to buy online. However, they also want you to be efficient. They do NOT want you to have to manually enter these sales into QuickBooks. They want the sales to automatically update QuickBooks. What’s a good place to start looking for an app that can do this?
One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no credit for this question. Please try again.
iTunes, Android Market, or Google Play
The Apps tab in QuickBooks
Click the Gear icon and select the “Find Integrated Apps” box
QuickBooks does not integrate with other software. This isn’t possible.
Select the statement that’s NOT true about using the QuickBooks app on a mobile device.
One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no credit for this question. Please try again.
There is a QuickBooks app for Android and Apple (IOS) devices
You can do everything (all QuickBooks functionality) on the app that you can do in your regular QuickBooks (using a browser)
The mobile app uses built in functionality of your device (e.g. the camera to take pictures of receipts or other documents to attach to transactions)
The mobile app is free
Which of the following features are exclusively offered in QuickBooks Online Plus? Choose all that apply.
One or more of your selected options was incorrect. Selecting even just one incorrect option will earn no credit for this question. Please try again.
Budgeting
Inventory
Bank feeds
Class tracking
All of the above
Products and Services
Customers
Suppliers
Click Accountant Toolbox > Change Client
To report on all expenses
Expenses > Select Bills > Pay Bills
Click the Gear icon and click Account and Settings
Choose a report to edit > Click the Customize button and click 'Rows/Columns'
The Name of the Company , How long the company has been in business for
QuickBooks Online Essentials and Plus
Click the magnifying glass icon, and search for the exact amount
Click the Create button and select Expense. Fill out the expense and use Debit Card as the payment method
Change the amount of the cheque to zero
Click the Gear icon and select the “Find Integrated Apps” box
You can do everything (all QuickBooks functionality) on the app that you can do in your regular QuickBooks (using a browser)
All of the above