QuickBooks Online Certification Prep Exam Questions and Answers
5 views 0 purchase
Course
Quickbooks online
Institution
Quickbooks Online
If QuickBooks Online was set up correctly, what figure should you expect to see in the Opening balance equity account balance? - Answer-A balance of zero
For clients with a QuickBooks Online Plus account, what's the maximum number of billable users? - Answer-5
Your client needs a QuickBooks O...
QuickBooks Online Certification Prep
Exam Questions and Answers
If QuickBooks Online was set up correctly, what figure should you expect to see in the
Opening balance equity account balance? - Answer-A balance of zero
For clients with a QuickBooks Online Plus account, what's the maximum number of
billable users? - Answer-5
Your client needs a QuickBooks Online solution that includes tracking for:
Sales
Sales tax
Inventory
What is the minimum subscription level in QuickBooks Online you would recommend? -
Answer-Plus
Your client has been using the QuickBooks Online Mileage Tracker throughout the year.
It's nearing year end and you are preparing the log for auto expense deduction.
Which 3 of these things should you check for auto expense deductions at year end? -
Answer-Calculated mileage
Any vehicle changes
T-hat all trips have been reviewed
You need your client to send you a copy of a paper receipt so that you can match it to a
gas expense in their QuickBooks Online.
You create a client request and add a screenshot of the expense entry in QuickBooks
Online to help your client identify which receipt they're looking for.
Which are 2 places where your client can see this request? - Answer-My Accountant
Email
You want to add an app to your firm's books in QuickBooks Online Accountant.
Which 2 levels of account user can add apps? - Answer-Full access team user
Firm primary admin
While preparing your client's books for year end, you find some transactions that may
not have been appropriately recorded.
In which 2 of these cases could you use the Reclassify transactions tool? - Answer-To
change the expense account for billable expenses, but not the income account for the
related income transactions
To change the class and/or location for invoices, sales receipts, checks, or bills with
items (products or services) on them
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller lectknancy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.49. You're not tied to anything after your purchase.
