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QBO Certification Exam Questions with Complete Solutions 100% Verified

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QBO Certification Exam Questions with Complete Solutions 100% Verified What happens if you press the "ctrl," "alt," and "?" keys at the same time? Correct answer-Quickbooks displays a list of shortcut keys. You're setting up a new Quickbooks account for a business that just hired you. The co...

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  • August 9, 2024
  • 17
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • QBO Certificaiton
  • QBO Certificaiton

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QBO Certification Exam Questions with Complete
Solutions 100% Verified
What happens if you press the "ctrl," "alt," and "?" keys at the same time? Correct
answer-Quickbooks displays a list of shortcut keys.




You're setting up a new Quickbooks account for a business that just hired you. The company has
a list of accounts with opening balances. Where do you enter these balances when setting up
the Quickbooks account? Correct answer-You can enter opening balances using a Journal
entry or directly entering them into account registers. However, this is not recommended for
non-accountants. You can enter open invoices to record the balance owed to you (Accounts
Receivable) and open bills to record what you owe (Accounts Payable).




You're working in QuickBooks at a coffee shop for a few hours and don't want to share all of
your company's financial details with everyone there. How can you fix this? Correct
answer-Click the Private mode switch on the home page to prevent sensitive financial
information from being displayed in this window.




You just set up a new Quickbooks company and your employer needs you to create a chart of
accounts. Which is true? Correct answer-Accounts are automatically created based upon
your industry type, however you CAN add more accounts later




Your employer asks you to update your business contact info. How do you access the company
settings to do this? Correct answer-Click the global create menu (+) at the top of the
screen and select account and settings.




What does private mode on the home page do? Correct answer-It hides the values
displayed for profit and loss, bank accounts, and other sensitive financial information.

, QBO Certification Exam Questions with Complete
Solutions 100% Verified

Which Quickbooks Online groups have access levels that can be applied to regular customer
users? Correct answer-All, none, or limited




Which of the following is true regarding Quickbooks online?

-Once you access QuickBooks from a browser, you must use that browser every time.

-You must use Internet Explorer.

-QuickBooks cannot be accessed on a Mac operating system.

-You can access QuickBooks from almost any browser on any computer with an Internet
connection. Correct answer-You can access QuickBooks from almost any browser on any
computer with an Internet connection.



You're setting up Quickbooks online for a company that already has information in Excel. What
can you import into quickbooks from excel? Correct answer-Certain lists (customers,
vendors, products and services, and the chart of accounts).



You'd like to change the company address in company settings. Whats the first step to open
company settings? Correct answer-Click the gear icon on the home page.




True or False: Because Quickbooks Online is in the cloud, you don't need to manually back it up.
Correct answer-True

, QBO Certification Exam Questions with Complete
Solutions 100% Verified
You'd like to work in Quickbooks more efficiently. How can you see the list of shortcuts available
to you? Correct answer-press ctrl, alt, and ? keys at the same time.




When setting up a new Quickbooks account, which of the following is true about the chart of
accounts?

-QuickBooks does not create a chart of accounts for you. This must be done manually.

-Only income and expense accounts can be added after starting a new company.

-New accounts can only be added during the new company startup process.

-It is possible to add more accounts after starting a new company. Correct answer-It is
possible to add more accounts after starting a new company.




Which lists can you import from Excel into QuickBooks online? Correct answer-Chart of
Accounts, Customers, Products and Services, and Vendors/Suppliers.




What are 3 areas where you can find and do everything you need? Correct answer-1. +
icon, to create new transactions

2. gear icon, for settings, lists and activities you don't do often

3. the navigation bar on the left, to work in specific functional areas, such as customers or
reports




You need to create a recurring invoice. How do you do this in Quickbooks Online? Correct
answer-Open the transaction for and make in recurring.

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