PROADVISOR CERTIFICATION PREP EXAM |
ALL QUESTIONS AND CORRECT ANSWERS |
GRADED A+ | VERIFIED ANSWERS | LATEST
VERSION (JUST RELEASED)
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? ------CORRECT
ANSWER---------------QuickBooks Online Plus
Which 3 of these areas does the New Client Checklist tool focus on to help
gather the information needed to select the right QuickBooks Online
subscription for a client? ------CORRECT ANSWER---------------QuickBooks
Features and Solutions
Client Profile
Needs Assessment
What are 2 features QuickBooks Time Elite has that Premium does not? ---
---CORRECT ANSWER---------------Ability to analyze project estimates
verses actuals
Ability to use geofencing
What are 2 ways to update the chart of accounts to suit the needs of your
client? ------CORRECT ANSWER---------------Batch connect accounts to the
Banking center
Make unnecessary accounts inactive in batch
Before merging two sub-accounts, which 2 of these need to be true? ------
CORRECT ANSWER---------------Both accounts are inactive
,The names are spelled the same
Where can you enable account numbers for an existing chart of accounts in
QuickBooks Online? ------CORRECT ANSWER---------------The Advanced
tab in Account and Settings
Which statement is true when importing lists into QuickBooks online? ------
CORRECT ANSWER---------------When importing lists, you can choose to
overwrite customers with identical names.
What does QuickBooks do if you try to import a customer that already
exists in the company? ------CORRECT ANSWER---------------It displays an
error message
Which 4 list types can be directly imported into QuickBooks Online from
Excel? ------CORRECT ANSWER---------------Customers
Products and services
Vendors
Chart of accounts
Which 2 statements are true about using a product or service on a
purchase form? ------CORRECT ANSWER---------------You must select I
purchase this product/service from a vendor
You must be using QuickBooks Online Plus or Advanced
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.
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.
These are products that are bought and sold, and where it is necessary to
track quantities on hand.
These are products bought and sold where it isn't necessary to track
quantities on hand, such as small parts used int he installation or delivery
of a product. ------CORRECT ANSWER---------------Service
Bundle
Inventory (in QuickBooks Online Plus and Advance Only)
Non-inventory
If you want to remove a customer in QuickBooks online what must you
select from the action column? ------CORRECT ANSWER---------------Make
inactive
If a client is using Classic View for their reports, which 2 of the following
reports can they filter by Customer Type? ------CORRECT ANSWER---------
------Sales by Customer Type Detail
Customer Contact List
You're setting up corporate credit cards in QuickBooks Online. The card on
the primary subaccount is only used for payments, and you're going to post
payment transactions from the payment bank account to the primary
subaccount.
Which accounts should you link to the bank feeds? Select all that apply. ----
--CORRECT ANSWER---------------The primary subaccount
The non-primary subaccounts
, When recording a failed payment, why do you need to deselect the original
invoice in the original Receive Payment transaction? ------CORRECT
ANSWER---------------To reset the aging of the original invoice
In a zero dollar expense transaction, why do you need to include a line
that's recorded as a negative value? ------CORRECT ANSWER---------------
To balance the other entries and to make the sum of the transaction zero
Which 3 of these statements are true about bank-to-bank transfer
matching? ------CORRECT ANSWER---------------**It works for both bank
and credit card accounts
**If it detects 2 transactions in different bank accounts sharing the same
date and equal but opposite amounts, it flags each as paired to another
transaction
If it detects 2 transactions in different bank accounts sharing the same date
and equal but opposite amounts, it automatically adds them
**Bank-to-bank transfer matching only works with connected accounts in
the Banking center
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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