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QuickBooks Online Exam Questions and Answers 100% Pass

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QuickBooks Online Exam Questions and Answers 100% Pass Which 3 of these areas does the Client Needs Assessment tool focus on to help gather the information needed to select the right QuickBooks Online subscription for a client? Features and solutions Client profile Needs assessment Which 4...

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  • June 29, 2024
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  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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  • quickbooks online exam questions and answers 100

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QuickBooks Online Exam Questions and Answers 100% Pass
Which 3 of these areas does the Client Needs Assessment tool focus on to help gather the information
needed to select the right QuickBooks Online subscription for a client?
Features and solutions
Client profile
Needs assessment


Which 4 list types can be directly imported into QuickBooks Online from Excel?
Customers
Products and services
Vendors
Chart of accounts


Brian just completed a Client Needs Assessment and his client confirmed that she will require
profitability tracking, and needs to create budgets and purchase orders in her accounting solution.
What is the minimum QuickBooks Online version suitable for Brian's client?
QuickBooks Online Plus


What is one difference between ProAdvisor Discount and Direct Discount pricing, apart from who
pays for the subscription?
Duration of discount


To determine the scope of a bookkeeping clean-up engagement, you are reviewing the Client
Overview tab for a potential client. You notice that there is a large amount in the Opening Balance
Equity account.
Which 2 reasons could be causing this balance?
A reconciliation adjustment was posted when completing a bank reconciliation
Transactions in the Banking Center were added without assigning an account to them


When using QuickBooks Online Accountant, Diane Doolittle opens a client's QuickBooks Online
company from her Client dashboard.
Where can she see which apps are connected to the client's account without signing out of the
account?
Overview > Company Setup


Which menu area allows you to search for apps by the problem or business process they address?
Browse category


Where are 2 places you can search for apps that work with QuickBooks Online?
Account and Settings > Apps
www.quickbooks-apps.com


How will QuickBooks notify you when subscribing to receive updates and resolutions on QuickBooks
Online outages or slowdowns?
Email


Where can you enable account numbers for the chart of accounts?
Gear icon > Account and Settings > Advanced > Chart of Accounts > Enable account numbers

, Which users will be able to see account numbers if they are enabled?
All users will see the account numbers.


Before merging two sub-accounts, what do you need to check?
Make sure the names are spelled the same.


What is the maximum number of characters allowed in the account number field?
7


Where would you navigate within QuickBooks Online to show product/service column on sales forms?
Gear icon > Account and Settings > Sales > Products and services


In QuickBooks Online, the Products and Services list contains the items that will appear on your
client's purchase and sales transactions.
What must each product/service item be mapped to?
Chart of accounts


There are four item types to choose from in QuickBooks Online.
This includes services that are provided to customers, such as an emergency service call visit or other
labor : Service
These are products that are bought and sold, and where it is necessary to track quantities on hand.
You must subscribe to QuickBooks Online Plus or Advanced to use this feature
Inventory (in QuickBooks Online Plus and Advanced only)
These are products bought and sold where it isn't necessary to track quantities on hand, such as small
parts used in the installation or delivery of a product
Non-inventory
This is a collection of products and services that are sold together, such as the installation of a product
that includes both labor and materials
Bundle


Timothy would like to add another term to the current list of terms within QuickBooks Online.
Where would he go to add the additional term?
Gear > Account and settings > Sales Terms > New


Which 4 of these tabs appear in the Customer information screen?
Notes
Address
Customer type
Terms


What are 2 ways to add a new vendor to QuickBooks Online?
Expenses > Vendors > New vendor
Gear > Import data > Vendors


What does QuickBooks Online automatically create to record the balance owed when adding a vendor
with a non-zero opening balance?

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