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Exam (elaborations)

QBO Certification Exam Questions and Answers
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You're working in QuickBooks at a coffee shop for a few hours and don't want to share all of your company's financial details with everyone there. How can you fix thisYou're working in QuickBooks at a coffee shop for a few hours and don't want to share all of your company's financial details ...

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  • August 16, 2024
  • 18
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • qbo certification exam questions and answers
  • what happens if you press the ctrl alt and
  • youre setting up a new quickbooks account for a b
  • youre working in quickbooks at a coffee shop for

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  • QBO Certification
  • QBO Certification

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QBO Certification Exam Questions and
Answers
What happens if you press the "ctrl," "alt," and "?" keys at the same time?

✓ ~~~Quickbooks displays a list of shortcut keys.



You're setting up a new Quickbooks account for a business that just hired you. The

company has a list of accounts with opening balances. Where do you enter these

balances when setting up the Quickbooks account?

✓ ~~~You can enter opening balances using a Journal entry or directly entering them into
account registers. However, this is not recommended for non-accountants. You can enter
open invoices to record the balance owed to you (Accounts Receivable) and open bills to
record what you owe (Accounts Payable).



You're working in QuickBooks at a coffee shop for a few hours and don't want to

share all of your company's financial details with everyone there. How can you fix

this?

✓ ~~~Click the Private mode switch on the home page to prevent sensitive financial
information from being displayed in this window.



You just set up a new Quickbooks company and your employer needs you to create

a chart of accounts. Which is true?

✓ ~~~Accounts are automatically created based upon your industry type, however you CAN
add more accounts later



Your employer asks you to update your business contact info. How do you access

the company settings to do this?

✓ ~~~Click the global create menu (+) at the top of the screen and select account and
settings.

,What does private mode on the home page do?

✓ ~~~It hides the values displayed for profit and loss, bank accounts, and other sensitive
financial information.



Which Quickbooks Online groups have access levels that can be applied to regular

customer users?

✓ ~~~All, none, or limited



Which of the following is true regarding Quickbooks online?

-Once you access QuickBooks from a browser, you must use that browser every

time.

-You must use Internet Explorer.

-QuickBooks cannot be accessed on a Mac operating system.

-You can access QuickBooks from almost any browser on any computer with an

Internet connection.

✓ ~~~You can access QuickBooks from almost any browser on any computer with an
Internet connection.



You're setting up Quickbooks online for a company that already has information in

Excel. What can you import into quickbooks from excel?

✓ ~~~Certain lists (customers, vendors, products and services, and the chart of accounts).



You'd like to change the company address in company settings. Whats the first step

to open company settings?

✓ ~~~Click the gear icon on the home page.

, True or False: Because Quickbooks Online is in the cloud, you don't need to

manually back it up.

✓ ~~~True



You'd like to work in Quickbooks more efficiently. How can you see the list of

shortcuts available to you?

✓ ~~~press ctrl, alt, and ? keys at the same time.



When setting up a new Quickbooks account, which of the following is true about the

chart of accounts?

-QuickBooks does not create a chart of accounts for you. This must be done

manually.

-Only income and expense accounts can be added after starting a new company.

-New accounts can only be added during the new company startup process.

-It is possible to add more accounts after starting a new company.

✓ ~~~It is possible to add more accounts after starting a new company.



Which lists can you import from Excel into QuickBooks online?

✓ ~~~Chart of Accounts, Customers, Products and Services, and Vendors/Suppliers.



What are 3 areas where you can find and do everything you need?

✓ ~~~1. + icon, to create new transactions
2. gear icon, for settings, lists and activities you don't do often

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