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Which 3 of these areas does the Client Needs Assessment tool focus on to help gather the information needed to select the right QuickBooks Online subscription for a client? Features and solutions Client profile Needs assessment Which 4 list types can be directly imported into QuickBooks Online from Excel? Customers Products and services Vendors Chart of accounts

Purchase Order A formal means to order products from vendors Due on Receipt Terms that provide no credit Bill An invoice sent by a vendor to a customer Net 30 Pay a bill within 30 days after the bill date

You must have a product or service to create a purchase order. false When you purchase inventory, the purchases account increases. false Inventory tracking in QuickBooks Online allows you to define the costing method. false A non-inventory product is for supplies only. false

Only bank accounts are available in the Banking center in QuickBooks Online. false The For Review folder in the Banking center is for all the transactions that need to be reviewed and matched. true Undeposited Funds is a unique asset account to hold funds that have been received but have not yet been deposited into a bank account. true Bank feeds can be set up only for the business's bank accounts. false

you can delete vendors in quickbooks online false You can have two vendors with the same name. false A vendor is a person or business you sell services or products to. false You can set up a new vendor only from the Vendors list. false

Transactions Report Transactions for an account for a specified date Trial Balance A listing of the debit or credit balances as of a specific date Journal Entry Commonly used to adjust accounts Opening Balance Equity Account used to offset beginning balances adjustments

QBO Online version of QuickBooks QBDT Windows Desktop version of QuickBooks Gear Icon Click to add your instructor as your accountant Welcome Guide Provides tasks to help you get started

Invoice Used when recording a sale on account Sales Receipt Used when cash is collected at the time of a sale Product Quantities of this are tracked Service Quantities of this are not tracked Create (+) Icon Used to access invoices, sales receipts, or bank deposits

1: The Navigation bar is where the link to the Sales center is located. True 2: You can create a statement, receipt, invoice, or other transaction using the Action menu in the Sales center. True 3: A sales transaction can only be recorded when the customer pays for the product or service at the time of the sale. False 4: The sales form settings can be found in Account and Settings under the Your Company heading. True

Which of the following is not an input field or selection at the Add New Account window? a. Financial Statement Override b. Description c. Account Type d. Enter Opening Balance a. Financial Statement Override Which of the following is not an available button at the Glad you're here! page when completing the Express Start method? a. Preview Your Settings b. Create Company c. Create Chart of Accounts d. All of the choices are correct. c. Create Chart of Accounts