PROADVISOR CERTIFICATION EXAM 2024 ACTUAL
EXAM COMPLETE 350 QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT
ANSWERS) /ALREADY GRADED A+
When are 2 times you might use the Setup screen in the Books review feature? -
ANSWERWhen changing chart of account names
When making adjustments to balance sheet account balances during the clean up
process
Your client wants to know if their future revenues and expenses will support them in
adding a new product line. You are recommending that they set a budget.
For which 3 of the following accounts can they set a budget?
Petty Cash
Sales Income
Cost of Goods Sold
Travel Expense
Accumulated Depreciation
Inventory - ANSWER
Your client needs a QuickBooks Online solution that includes tracking for:
Sales
Sales tax
Inventory - ANSWERPlus
Can users with the right permissions in a client-paid subscription add QuickBooks
Online Payroll or QuickBooks Time to their QuickBooks Online company? -
ANSWERYes, by going to the Billing & subscription section in Account and Settings
You need to add a gift basket with a collection of beauty products to your client's list of
products and services.
Which item type would you assign this to in QuickBooks Online? - ANSWERBundle
Which 3 of these can a Company admin user do in QuickBooks Online?
Change their user level to Primary admin
Add new Primary admin users
Change the QuickBooks Online subscription
Manage existing users
,Access the client's other products, such as QuickBooks Payroll and QuickBooks
Payments - ANSWERAccess the client's other products, such as QuickBooks Payroll
and QuickBooks Payments
Change the QuickBooks Online subscription
Manage existing users
Where would you go to view a list of customer statements sent out in the current
month? - ANSWERReports center > Statement List report
What 4 pieces of information does QuickBooks Online with Automated sales tax use to
calculate sales tax on an invoice?
The customer's payment terms
The customer's sales tax status
The quantity of the product or service still on hand
The tax category for the product or service
The location of the sale
The state where the company's registered - ANSWERThe customer's sales tax status
The tax category for the product or service
The location of the sale
The state where the company's registered
Which 3 of these statements are true about the "Forward from email" option?
Users can only include one bill or receipt in one email
Multiple users can forward bills and receipts to the same custom email address
There's only one custom email address per QuickBooks Online company that can be
used to receive bills and receipts
Only PDF-format bills and receipts can be forwarded
Only company users with at least standard access with vendor permission can forward
bills to the custom email address - ANSWEROnly company users with at least standard
access with vendor permission can forward bills to the custom email address
Multiple users can forward bills and receipts to the same custom email address
There's only one custom email address per QuickBooks Online company that can be
used to receive bills and receipts
Which 2 of these common issues does the Pay down credit card feature help to
resolve?
Duplicate entries
Payments categorized to the wrong account
Payments being recorded as paid by check
Payments being recorded as an expense on the balance sheet - ANSWERDuplicate
entries
Payments categorized to the wrong account
,What should you do if you notice a duplicate transaction in the bank feed? -
ANSWERExclude the transaction
What is the Undeposited Funds account (also called Payments to deposit)?Select the
correct option from the dropdown.
The Undeposited Funds (or Payments to deposit) account is meant to be a
Select answer
holding account that tracks payments received from customers that
Select answer
been deposited to your client's bank account. Its main purpose is to make reconciliation
easier by
Select answer
. - ANSWERTemporary
Have Not
Combining Multiple Transactions into a single record
Which 3 statements about how QuickBooks Online applies bank rules are true?
Only one rule is applied per bank activity
Credit rules are applied before debit rules
The first rule that fits a bank activity is the one applied
All rules are applied to each bank activity
Reordering the rules list allows you to control which rule to apply - ANSWER
In which 4 of these situations would you use the Additional payments to deposit on a
Deposit transaction?
The client receives a refund from a tax agency and needs to record it to reduce the Tax
Liability or Expense account
The client receives a refund from a vendor and wants to record it directly against the
associated expense account
The client doesn't record income using sales transactions (invoices or sales receipts)
and wants to record deposits directly to income accounts
The client receives funds from loan proceeds or contributions of cash from owners
The client receives a partial payment from a customer against an open invoice
The client receives a deposit from a customer for future purchases - ANSWERThe client
receives a refund from a tax agency and needs to record it to reduce the Tax Liability or
Expense account
The client receives a refund from a vendor and wants to record it directly against the
associated expense account
The client doesn't record income using sales transactions (invoices or sales receipts)
and wants to record deposits directly to income accounts
The client receives funds from loan proceeds or contributions of cash from owners
, How would QuickBooks Online alert you to a discrepancy in the beginning balance
when reconciling your clients' accounts? - ANSWERAn alert will be displayed in the
reconcile tab, stating that the account isn't ready to be reconciled yet because the
beginning balance is off
In classic view, where would you go to make negative numbers in a report appear in a
red color? - ANSWERThe Customize button and then the General section
You want to provide your client with a professional-looking downloadable report that
includes a cover page, table of contents, and custom letter that they can send to
potential investors.
Where would you go to create such a report? - ANSWERReports center > Management
reports tab
Your client wants to add an additional tag to transactions on an invoice. However, the
tag isn't on their existing list of tags.
Which 2 of the following are ways to create a new tag?
Open the Products and Services list and select Edit for the required product or service.
Then select + New from the Tags dropdown
On the invoice, start entering the tag name in the Tags field. Then select + Add from the
pop-up
Select the Manage tags link on the invoice, followed by Create tag. Then enter the tag
name
Select the Manage tags link in the Gear menu, followed by Create tag. Then enter the
tag name - ANSWEROn the invoice, start entering the tag name in the Tags field. Then
select + Add from the pop-up
Select the Manage tags link on the invoice, followed by Create tag. Then enter the tag
name
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.
What do you need to do to ensure the client receives an email notification to alert them
about the new request for information? - ANSWERWhen creating the request, move the
Notify client slider to On
Which option would you select to display inactive clients in the Clients menu? -
ANSWERThe Grid Gear icon and select the Include inactive clients option
While preparing your client's books for year end, you find some transactions that may
not have been recorded appropriately.
In which 2 of these cases could you use the Reclassify transactions tool?
To change the expense account for billable expenses, but not the income account for
the related income transactions
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