QUICKBOOKS EXAM QUESTIONS AND ANSWERS

Complete the following statement: The QuickBooks Online ____________ is a platform that you and your clients can use to build the perfect solution, by adding ___________ that bring additional functionality. - Answer- 1. ecosystem; 2. apps How many points does your firm need to reach the platinum tier of the ProAdvisor® program? - Answer- 800 Which Intuit product allows you to manage your clients and your practice all in one place? - Answer- QB Accountant Which of the following items can you access from the Your Practice area?(Select all that apply) - Answer- List of Client Companies, Team section, Work space, Apps, & ProAdvisor The lifecycle can be broken down into a manageable timeline: - Answer- Daily: Manage the books by running small tasks Monthly: Analyze and balance the books Quarterly: Evaluate and maintain finances Annually: Finalize books and report taxes Which of the following tasks should be performed weekly? - Answer- Record transactions Document and file receipts Review unpaid bills Prepare and send invoices Pay vendors, sign checks Review projected cash flow Where would you go to find the following accountant-only features? Prep for taxes, Reclassify Transactions, Voided/Deleted Transactions, and Write Off Invoice - Answer- Accountant Tools What information can you see on the dashboard? Select all of the options that are correct. - Answer- Income and sales data Profit and loss figures Expenses Credit card balances Bank balances Which of the following statements are true of the QuickBooks Online mobile app? (Select all that apply.) - Answer- It syncs with QuickBooks Online on the web: Any task completed in the app updates QuickBooks Online. The same security that protects your QuickBooks Online data on the web applies when you use the QuickBooks Online mobile app.