QuickBooks Mayterm Chapter 3 Test;
Questions with Complete Solutions 2024/25
Update
1: The Navigation bar is where the link to the Sales center is located. True
2: You can create a statement, receipt, invoice, or other transaction using the
Action menu in the
Sales center. True
3: A sales...
QuickBooks ; Questions with Verified 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. ✔✔1. ecosystem; 2. apps
How many points does your firm need to reach the platinum tier of the
ProAdvisor® program?
✔✔800
Which Intuit product allows you to manage your clients and your practice all in
one place?
✔✔QB Accountant
Which of the following items can you access from the Your Practice area?(Select
all that apply)
✔✔List of Client Companies, Team section, Work space, Apps, & ProAdvisor
The lifecycle can be broken down into a manageable timeline: ✔✔Daily: Manage
the books by
,QuickBooks ; Questions with Verified Answers
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? ✔✔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
✔✔Accountant Tools
, QuickBooks ; Questions with Verified Answers
What information can you see on the dashboard? Select all of the options that
are correct.
✔✔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.) ✔✔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.
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