QuickBooks Online Certification Exam Bundle

What type of business relies on knowing their inventory at all times? - Answer 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? - Answer Retail and e-com...

Why must you set deposit frequencies for the taxes or deductions your company has to pay (Payroll Liabilities)? - Answer So that Payroll Liabilities show yp in the Pay Taxes & Other Liabilities list in the Payroll Center What are the first two steps to set up payroll in Quickbooks? - Answer 1) Si...

QuickBooks Online - Answer 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? 350 - 50 points for each of the five ne...

After quickbooks sets up a chart of accounts in the easy step interview, which of the following is True? - Answer It's possible to add more accounts later #Assume that quickbooks is now in single user mode. What does this mean? - Answer only one user can access the data file The bank notified...

Can you delete or make inactive something on a list if it has a balance (e.g. Customer, Vendor, or Stock Product, or Account)? - Answer Yes, QuickBooks will automatically create a transaction to make the balance zero. While setting up a QuickBooks Online account, you accidentally entered the wron...

One of the major advantages of all subscription levels of QuickBooks Online have over the desktop version is: - 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? - Answer 2 ...

The Client List is your one-stop shop for all of your client information- - Answer even clients who do not use QuickBooks Online! What are the five columns listed under Client Details? - Answer Notes, Bookkeeping, Payroll, Shared Documents, and Tax *** Can clients see the notes listed in the C...

Why would you hide or collapse sub accounts on a report? - Answer To temporarily hide unnecessary detail and hide parent accounts What should you do after you click save & close on a customer credit memo? - Answer Choose between retained as an available credit, give a refund or apply to an invoic...

Client Needs Assessment Process - Answer Who, What, When, and How Who? - Answer Get to know who your client is, what they stand for, what they're aiming for and where they're coming from What? - Answer Every business, large or small, has a variety of parts. You need to find our what they are...