Exam (elaborations)
Quickbooks Online Certification Exam Questions and Answers Latest Update VERIFIED COMPLETE ANSWERS
- Course
- Institution
QUESTIONS AND ANSWERS
[Show more]
Content preview
Quickbooks Online Questions and Answers Latest Updated VERIFIED ANSWERS What lists can be imported from Excel spreadsheets, when s etting up a QuickBooks online company? Chart of accounts, Customers, Products and Services, and Vendors Which of the following is TRUE regarding your chart of accounts, when setting up a new QuickBooks company? It is possible to add more accounts after starting a new company What company information does QuickBooks ask for when you first create a new QuickBooks online account? The industry of the business Where is the Company Settings page found in QuickBooks online? Click the Company Menu at the top right and select Company Settings What can you do to filter the home page so that it does not display sensitive financial information? Turn on "Private Mode" f rom the home page Which of the following is TRUE regarding General Journal Entries? General Journal Entries require a good understanding of debits and credits and a great deal of care should be taken by non accountants when entering them Which of the follo wing statements about users is TRUE? In addition to Regular or Custom users, you can also set up Reports Only, and Time Tracking only users When importing information from QuickBooks Desktop to QuickBooks online you: Have to import everything, and anything that is in your QuickBooks Online company during the import will be overwritten Which of the following is TRUE regarding merging entries in lists? You can merge an income account with another income account You just bought something from one of your custo mers and want to set them up as a vendor. What steps should you take to do that? Open the Vendors list and create a new vendor. In the Display Name as Field, enter the customer's name, but add something else to the name to make it unique How do you delete a particular product that you no longer sell? Click the Company Menu (gear icon) then click Products and Services. Select the product from the list and click delete What does QuickBooks do when you make a customer with a balance, inactive? QuickBooks creat es a Credit Memo and applies it to any open invoices which makes the balance zero Which of the following is NOT a list in QuickBooks Online? Other names How does QuickBooks distinguish which income accounts should be affected when you? use a product on a sa les form When setting up a product or service, you assign the income account. Later when you use the product on sales forms QuickBooks uses that account to record income Which of the following statements is TRUE regarding products and services you sell?The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller DYNAMICSCORES. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
83100 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
