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QBO Certification Prep Questions and Answers
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  • QBO Certification
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Can users with the right permissions in a client-paid subscription add QuickBookCan users with the right permissions in a client-paid subscription add QuickBookCan users with the right permissions in a client-paid subscription add QuickBookCan users with the right permissions in a client-paid subsc...

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  • August 16, 2024
  • 114
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • qbo certification prep questions and answers
  • when are 2 times you might use the setup screen in
  • your client needs a quickbooks online solution tha
  • can users with the right permissions in a client p

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  • QBO Certification
  • QBO Certification

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QBO Certification Prep Questions and
Answers
When are 2 times you might use the Setup screen in the Books review feature?

✓ ~~~When changing chart of account names
When making adjustments to balance sheet account balances during the clean up

process




Your client needs a QuickBooks Online solution that includes tracking for:

Sales

Sales tax

Inventory

✓ ~~~Plus



Can users with the right permissions in a client-paid subscription add QuickBooks

Online Payroll or QuickBooks Time to their QuickBooks Online company?

✓ ~~~Yes, by going to the Billing & subscription section in Account and Settings



You need to add a gift basket with a collection of beauty products to your client's list

of products and services.

Which item type would you assign this to in QuickBooks Online?

✓ ~~~Bundle



Which 3 of these can a Company admin user do in QuickBooks Online?

,Change their user level to Primary admin

Add new Primary admin users

Change the QuickBooks Online subscription

Manage existing users

Access the client's other products, such as QuickBooks Payroll and QuickBooks

Payments

✓ ~~~Access the client's other products, such as QuickBooks Payroll and QuickBooks
Payments
Change the QuickBooks Online subscription

Manage existing users




Where would you go to view a list of customer statements sent out in the current

month?

✓ ~~~Reports center > Statement List report



What 4 pieces of information does QuickBooks Online with Automated sales tax use

to calculate sales tax on an invoice?

The customer's payment terms

The customer's sales tax status

The quantity of the product or service still on hand

The tax category for the product or service

The location of the sale

,The state where the company's registered

✓ ~~~The customer's sales tax status
The tax category for the product or service

The location of the sale

The state where the company's registered




Which 3 of these statements are true about the "Forward from email" option?

Users can only include one bill or receipt in one email

Multiple users can forward bills and receipts to the same custom email address

There's only one custom email address per QuickBooks Online company that can be

used to receive bills and receipts

Only PDF-format bills and receipts can be forwarded

Only company users with at least standard access with vendor permission can

forward bills to the custom email address

✓ ~~~Only company users with at least standard access with vendor permission can
forward bills to the custom email address



Multiple users can forward bills and receipts to the same custom email address




There's only one custom email address per QuickBooks Online company that can be

used to receive bills and receipts

, Which 2 of these common issues does the Pay down credit card feature help to

resolve?

Duplicate entries

Payments categorized to the wrong account

Payments being recorded as paid by check

Payments being recorded as an expense on the balance sheet

✓ ~~~Duplicate entries



Payments categorized to the wrong account




What should you do if you notice a duplicate transaction in the bank feed?

✓ ~~~Exclude the transaction



What is the Undeposited Funds account (also called Payments to deposit)?Select

the correct option from the dropdown.

The Undeposited Funds (or Payments to deposit) account is meant to be a

Select answer

holding account that tracks payments received from customers that

Select answer

been deposited to your client's bank account. Its main purpose is to make

reconciliation easier by

Select answer

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