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QuickBooks Exam 2 Questions with Latest Update
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Which report should you run to list all customers who currently owe balances and how old the balances are? - Answer-A/R Aging Summary *What steps will take you to a client's QuickBooks online company from QuickBooks online accountant? - Answer--Selecting the QB icon next to their name on the cli...

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  • October 3, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • quickbooks exam 2 questions with latest update
  • which report should you run to list all customers

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  • Quickbooks online
  • Quickbooks online

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QuickBooks Exam 2 Questions with
Latest Update
Which report should you run to list all customers who currently owe balances and how
old the balances are? - Answer-A/R Aging Summary

*What steps will take you to a client's QuickBooks online company from QuickBooks
online accountant? - Answer--Selecting the QB icon next to their name on the client list

Some of the tools are available elsewhere as some can only be found here for example
trial balance, voided deleted transactions, and write off invoices. - Answer--The
Accountant Toolbox

On the dashboard what information can you see displayed? select all the options that
are Correct. - Answer--Income and sales data
-profit and loss figures
-expenses
-credit card balances
-bank balances.

Which of the following are futures of a client QuickBooks online company? - Answer-A
QuickBooks company is made up of list and transactions
-there are multiple entry points for finding different lists and transactions
-as an accountant user you have an additional drop-down menu in your client's
company
-setting and tools can be accessed from the gear icon

The.... lists each customer with an open balance. It lists the open invoices in different
columns based on whether they are current or how far is been overdue 30, 60 or 90+
days.

*What kind of report is being described here? - Answer-A/R aging Summary Report

On the prep for Texas screen has been reviewed and the data is ready to hand off to
the tax preparer, which three tax options are available - Answer--Create new return
-Update an existing return
-Export CSV file

What two options in a QuickBooks online profit and loss report will quickly show a client
how much income and expenses were incurred over the past two years? - Answer--
Compare another period
-Report Period

, Stacy wants to be able to run reports in QuickBooks online that will tell her which
vendors provide the best prices on the products she sells.

*Which to Vendor workflows will enable her to create a report with his data? - Answer-
Create bill with product/service items > pay bills
-Create expense with product / service items

*What are three ways to add receipts to QuickBooks online receipt capture? - Answer-
Snap a picture via the mobile app
-Forward a receipt to email from the registered email address
-Upload a picture via a browser

*What are three important reasons to reconcile bank and credit card accounts at set
dates? - Answer--To verify transactions, have the correct date assigned to them
-to verify that an account balance is within its credit limit
-to verify that all transactions have been recorded for the period

*Which option explains how to enable email recipient forwarding in QuickBooks online?
- Answer-select banking > receipts > register your email to get started

*Where can you go in the banking center to review downloaded bank feed transactions
that have already been matched to existing transactions in QuickBooks online? -
Answer--Reviewed tab

*What are two ways to begin setting up a recurring transactions in QuickBooks online? -
Answer--Select make recurring at the bottom of a transaction
-select gear > recurring transaction

*In QuickBooks online accountant, what area of data does the search box look in? -
Answer--Your Books

*Irene has previously recorded all credit card activity manually using the expense
transaction screen and reconciled the account using the reconciliation tool. after
connecting her credit card in the banking center, she doesn't see any matches for the
transaction she previously entered and recorded. - Answer--Select the reconcile
transactions > batch actions > exclude selected

*Which two statements regarding bank feed best practice workflows are correct? -
Answer-You should complete match transactions first then move on to add transactions.
-you should match downloaded bank fee transactions to invoice payments, sales
receipts, or deposits, but not open invoices.

*Which three statements regarding bank rules are true? - Answer-Bank rules can be
prioritized
-Bank rules can be copied edited or delete
-you can automatically add transactions to the register using bank rules

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