QuickBooks
Online
Certification
Exam-
Section
1
What
type
of
business
relies
on
knowing
their
inventory
at
all
times?
-
ANSB2B
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?
-
ANSRetail
and
e-commerce
businesses
What
are
the
three
different
ways
to
get
information
into
QuickBooks
Online?
-
ANS1.
Convert
data
in
existing
QuickBooks
Desktop
software
2.
Import
customers,
vendors,
Chart
of
Accounts,
and
products
and
services
lists
from
Excel
3.
Enter
all
data
manually
What
are
the
five
different
subscription
plans
available
on
QuickBooks
Online?
-
ANSSelf-Employed,
Simple
Start,
Essentials,
Plus,
and
Advanced
What
is
considered
the
backbone
of
accounting
software?
-
ANSThe
Chart
of
Accounts,
including
all
assets,
liabilities,
income
and
expenses
In
wholesale
billing,
who
is
billed
monthly
for
the
subscription
of
QBO?
-
ANSthe
Accountant
How
much
does
the
Accountant
user
pay
for
wholesale
billing?
-
ANS50%
wholesale
discount
What
is
a
perk
of
wholesale
billing?
-
ANSThe
Accountant
user
decides
how
the
clients
will
be
billed.
What
are
three
others
advantages
of
wholesale
billing?
-
ANSbundling
expenses,
easy
tracking,
and
switch
anytime
How
do
you
add
a
new
client?
-
ANS1.
Go
to
Client
Dashboard
in
QuickBooks
Online
Accountant
2.
Select
Add
Client
3.
Enter
the
business
info
How
do
existing
users
add
you
as
you
as
their
Accountant
on
QBO?
-
ANS1.
Tell
them
to
go
to
My
Accountant
in
the
left
hand
navigational
panel
2.
Send
email
3.
Accept
invite
4.
Sign
in
using
QBO
account
information
5.
Continue
6.
The
user
will
be
added
to
your
list
of
clients
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