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Exam (elaborations)

QBO Certification Questions and Answers

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  • Course
  • QBO Certification
  • Institution
  • QBO Certification

How do you display the list of shortcut keys on QuickBooks?How do you display the list of shortcut keys on QuickBooks?How do you display the list of shortcut keys on QuickBooks?How do you display the list of shortcut keys on QuickBooks?How do you display the list of shortcut keys on QuickBooks?How ...

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  • August 16, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • QBO Certification
  • QBO Certification
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MASTER01
QBO Certification Questions and
Answers
Available in the company settings, what are the two options for categorizing sales

and expenses into different locations and departments of a business

✓ ~~~Classes
✓ & locations



Can you delete or make inactive something on a list if it has a balance. (e.g.

Customer, Vendor, or Stock Product, Account)?

✓ ~~~Yes, QuickBooks will automatically create a transaction to make the balance zero.



How do you display the list of shortcut keys on QuickBooks?

✓ ~~~Ctrl, Alt, ?



How do you find the company settings in QuickBooks?

✓ ~~~Click the GEAR Icon on the home page and select Account and Settings



If you DON'T download bank transactions, how do you enter a business lunch paid

for with the company debit card?

✓ ~~~If you DON'T download bank transactions, how do you enter a business lunch paid for
with the company debit card?



If you don't want the home page to display sensitive financial information, what can

be done about it?

✓ ~~~Turn on privacy mode from the homepage

, If you make a customer with an unpaid balance inactive, what happens to the open

balance?

✓ ~~~QuickBooks creates a Journal Entry to write off the balance as Bad Debt



If you use QBO Plus, how do you charge a customer for expenses you incurred on a

project?

✓ ~~~When entering the expense, enter the customer name and select the billable
checkbox



Name the major sections of the Balance Sheet that correspond to the account

Equation

✓ ~~~Assets, Liability, and Equity



Place the steps to set up QuickBooks to automatically email a report in the correct

order

✓ ~~~1. Click "Save Customizations"
2. Click the reports tab and select the "My Custom Reports" Tab

3. Next to the report you want QuickBooks to email, click Edit

4. Set up the details of the email schedule




Privacy mode does not display sensitive financial information?

✓ ~~~True



Put the 2 steps for customizing an invoice in the correct order

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