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QBO Exam; Questions with Complete Solutions 100% Verified What's the best way to set up a new QuickBooks Online subscription for a client and add them to your firm? Correct answer-Sign the client up via QuickBooks Online Accountant What is the minimum QuickBooks Online subscription level for...

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  • August 9, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • qbo exam questions with complete solutions
  • whats the best way to set up a new quickbooks on

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QBO Exam; Questions with Complete Solutions 100%
Verified
What's the best way to set up a new QuickBooks Online subscription for a client and add them
to your firm? Correct answer-Sign the client up via QuickBooks Online Accountant




What is the minimum QuickBooks Online subscription level for a client who needs to manage
inventory? Correct answer-QuickBooks Online Plus




What 3 billing options can you offer clients when you sign them up to QuickBooks Online
through QuickBooks Online Accountant? Correct answer-ProAdvisor discount

Direct discount

Revenue share




For each business function in the first column, what happens when you choose an option from
the Yes/No column? Correct answer-The Client Profile tab automatically updates to
include the recommended QuickBooks Online feature and subscription level for this function




In which 3 ways can you customize a client's chart of accounts? Correct answer-Changing
names of default accounts

Numbering each account

Deleting an account permanently



If you're importing an existing products and services list, which 2 of these are reasons why you
should use the sample file from QuickBooks Online to populate and import your client's data?
Correct answer-It saves you from having to create a new file from scratch

, QBO Exam; Questions with Complete Solutions 100%
Verified
The first row of the sample file contains the right column headings, which ensures that data
maps to the correct fields during the importing process




Which product/service type is only available to clients with QuickBooks Online Plus or
Advanced? Correct answer-Inventory




From here, where would you go to assign a customer type to a customer? Correct
answer-Open the dropdown in the Action column and select Assign customer type




Which of these is NOT a user type that you can set up for your clients? Correct answer-
Payroll only




Which 3 of these accounts can't be merged in the chart of accounts? Correct answer-
Uncategorized Asset

Opening Balance Equity

Retained Earnings



Which of these statements about QuickBooks Online Accountant and QuickBooks Online are
true? Select all that apply. Correct answer-QuickBooks Online Accountant is a portal to
your clients' QuickBooks Online files

QuickBooks Online Accountant includes features that accountants can use to manage their own
practice and books

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