Exam (elaborations)

ProAdvisor Certification Prep QUICKBOOKS EXAM QUESTIONS WITH ACTUAL CORRECT DETAILED ANSWERS OF CURRENTLY TESTING SOLUTIONS

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ProAdvisor Certification Prep QUICKBOOKS

ProAdvisor Certification Prep QUICKBOOKS EXAM QUESTIONS WITH ACTUAL CORRECT DETAILED ANSWERS OF CURRENTLY TESTING SOLUTIONS ProAdvisor Certification Prep QUICKBOOKS EXAM QUESTIONS WITH ACTUAL CORRECT DETAILED ANSWERS OF CURRENTLY TESTING SOLUTIONS ProAdvisor Certification Prep QUICKBOOKS EX...

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Uploaded on August 31, 2024
Number of pages 74
Written in 2024/2025
Type Exam (elaborations)
Contains Questions & answers

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Institution ProAdvisor Certification Prep QUICKBOOKS
Course ProAdvisor Certification Prep QUICKBOOKS

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ProAdvisor Certification Prep QUICKBOOKS EXAM QUESTIONS
WITH ACTUAL CORRECT DETAILED ANSWERS OF CURRENTLY
TESTING SOLUTIONS

When are 2 times you might use the Setup screen in the Books review feature? - ANSWER-When
changing chart of account names

When making adjustments to balance sheet account balances during the clean up process

Your client wants to know if their future revenues and expenses will support them in adding a new
product line. You are recommending that they set a budget.

For which 3 of the following accounts can they set a budget?

Petty Cash

Sales Income

Cost of Goods Sold

Travel Expense

Accumulated Depreciation

Inventory - ANSWER-

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

Sales

Sales tax

Inventory - ANSWER-Plus

Can users with the right permissions in a client-paid subscription add QuickBooks Online Payroll or
QuickBooks Time to their QuickBooks Online company? - ANSWER-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? - ANSWER-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 - ANSWER-
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? - ANSWER-
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 - ANSWER-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 - ANSWER-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 - ANSWER-Duplicate entries

Payments categorized to the wrong account

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

. - ANSWER-Temporary

Have Not

Combining Multiple Transactions into a single record

Which 3 statements about how QuickBooks Online applies bank rules are true?

Only one rule is applied per bank activity

Credit rules are applied before debit rules

The first rule that fits a bank activity is the one applied

All rules are applied to each bank activity

Reordering the rules list allows you to control which rule to apply - ANSWER-

In which 4 of these situations would you use the Additional payments to deposit on a Deposit
transaction?

The client receives a refund from a tax agency and needs to record it to reduce the Tax Liability or
Expense account

The client receives a refund from a vendor and wants to record it directly against the associated expense
account

The client doesn't record income using sales transactions (invoices or sales receipts) and wants to record
deposits directly to income accounts

The client receives funds from loan proceeds or contributions of cash from owners

The client receives a partial payment from a customer against an open invoice

The client receives a deposit from a customer for future purchases - ANSWER-The client receives a
refund from a tax agency and needs to record it to reduce the Tax Liability or Expense account

The client receives a refund from a vendor and wants to record it directly against the associated expense
account

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Exam (elaborations)

ProAdvisor Certification Prep QUICKBOOKS EXAM QUESTIONS WITH ACTUAL CORRECT DETAILED ANSWERS OF CURRENTLY TESTING SOLUTIONS

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