Where can you see the number of tags and tag groups created? - Answer-Banking > Tags
Which report summarizes the amount of financial activity associated with each income or expense account for a specific period of time? - Answer-Balance Sheet
Which 2 user types can access the Performance C...
QuickBooks Exam Section 5 Questions
and Answers
Where can you see the number of tags and tag groups created? - Answer-Banking >
Tags
Which report summarizes the amount of financial activity associated with each income
or expense account for a specific period of time? - Answer-Balance Sheet
Which 2 user types can access the Performance Center in QuickBooks Online? -
Answer-Accountant users in any subscription level of QuickBooks Online
Client users in QuickBooks Online Advanced
Which report would you use to show top-selling and/or worst selling products? -
Answer-Sales by Product/Service Summary
Your client would like to display negative numbers in red on their Profit and Loss report.
- Answer-Customize > General
Which 3 predefined management report templates will a client see in their company file?
- Answer-Company overview
Expenses performance
Sales performance
The first stage of the month-end process is reviewing transactions and recognizing any
possible issues.
Which are 2 open issues that you can view from the Transaction review tab? - Answer-
Transactions posted to the wrong period
Reclassified transactions
*Unapplied payments
Undeposited funds
*Transactions without accounts
To keep track of her team, Esther has requested that the status of each task be updated
in the Month-end review tabs.
What are the 3 status options? - Answer-To do
Waiting
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