Quickbooks Pro Advisor Certification Guide

QuickBooks Pro Advisor Certification Guide
1. Statements about the QuickBooks Online Dashboard.

• You can see deposits and information on unpaid and overdue invoices.
• You can select a “card” to go to the Sales or Expenses Center.
• It’s where you land when you enter a client account.
2. It is free to add access to the QuickBooks Online mobile app.
3. Shortcut you can use to see the full list of shortcuts available in QuickBooks Online Accountant.
• [Ctrl] + [Alt] + [?]
4. If you client wants to know if they can track their expenses using the mobile app. Tell them that
• They can add expenses on the mobile app, which will automatically sync them with
QuickBooks Online
5. If your client complaints they have too many expense receipts to keep track of and they keep
losing them. Advise them that.
• They should take a photo of the receipt of their mobile phone and attach it to an expense
transaction via the QuickBooks Online mobile app.
6. Type of transaction you would use to reduce the amount owed on a customer’s account and
record the return of goods.
• Credit memo
7. Retail and e-commerce

• Managing inventory and avoiding out-of-stock situations is critical to the success of this type
of client.
8. Correct options to get lists and possibly transactions into a new QuickBooks Online company.
• Impost Excel files
• Convert QuickBooks Desktop Files
9. Subscription level in QuickBooks Online that you should recomment if you have a client who
needs a QuickBooks Online solution that includes tracking for sales and sales tax.
• Simple Start, Essentials, Plus, or Advanced
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10. This focuses on tracking business expenses and mileage for a Schedule C entity. This subscription
allows invoicing, but does not track accounts receivable or sales tax. Therefore, this subscription
might not meet the needs of a growing service or produce-based business.
• Quickbboks Self-Emplyed
11. This QuickBooks subscription level allows invoicing but does not track accounts receivable or
sales tax.
• QuickBooks Self-Employed
12. Key features of QuickBooks Online Accountant.

• Access and manage client files.
• Securely share client documents.
• Manage team access.
• Track all work and clients in our place and streamline tasks.
13. To be listed in the Quickbooks App Center, apps must

• Meet strict requirements and undergo a testing process.
14. Three key Benefits of wholesale billing.

• Bundling all client subscriptions into one invoice
• Easy Tracking
• Switch Anytime
15. You must generally perform this end-to-end accounting life cycle tasks weekly.
• Recording transactions
• Documenting and filing receipts
• Reviewing unpaid bills
• Preparing and sending invoices
• Paying vendors and signing checks
• Reviewing projected cash flow
16. Features of a client’s QuickBooks Online company.

• A QuickBooks Online company is made up of lists 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.
• Settings and tools can be accessed from the Gear icon.
17. You check the bank feed for one of your clients and spot a duplicate transaction.
• The transaction has been added rather than matched.
• The transaction was accidentally entered twice.
18. Statement about setting up and editing a Chart of Accounts in QuickBooks Online.
• Merged accounts can’t be unmerged.

• Deactivated accounts can be reactivated.
19. Process of creating a sales receipt in QuickBooks Online.

• You can add a new customer without going outside of the process.
• You can use the + New button to get to the Sales Receipt screen.
20. Best definition of an invoice

• What you send a customer when work has been done and payment is due.
21. Type of transaction used to record a sale that was completed and paid for at the time of sale.
• Sales receipt
22. Your client can quickly see how many overdue invoices each of his customers has.
• By selecting the Overdue are of the Money Car I the Customer List.
23. Methods you can use to record a received payment in QuickBooks Online.
• Select Receive payment in the Quick Create menu
• Select the Receive payment link next to any outstanding invoice
24. Vendor transaction form you would use to request and track vendor purchases.
• Purchase order
25. Features of the Money Bar found in the Expenses Center Vendors tab.
• Unbilled Activity
• Unpaid Activity
• Recently Paid Activity
26. Kinds of expenses that the expense transaction in QuickBooks Online record.
• Bank account withdrawals
• Cash purchases
• Bank fees
27. Starting points in entering a new expense into QuickBooks Online.

• The New Transaction button on the Expenses Center screen
• The + New menu
28. Statements to process of paying bills in QuickBooks Online.

• QuickBooks Online flags any bill that’s overdue
• You can make a payment directly from the Action column in the Expenses Center
• You can make a payment directly from the Vendor list through the quick link under the
Action column
• You can pay bills by selecting the + New button

29. Statements of accessing expense activity in the Expenses Center of QuickBooks Online.
• You can access a link of overdue bills via the orange section of the Money Bar in the Vendors
tab.
• The Money Bar indicates the total expenses paid in the last 30 days.
• You can access a list of all recent purchase transactions by selecting the Expenses tab.
30. Tab in QuickBooks Online Banking shows the bank data that has not yet been accepted
into QuickBooks Online.
• For Review
31. If you are trying to get to the deposit transaction for a suggested match within bank feeds.
• Open the For-Review tab.
• Find the row with the suggested match
• Select the row to expand it
• Select the blue Deposit link to view the transaction
32. Once satisfied that the Bank feed transaction is associated with the correct QuickBooks Online
transaction, select Match in the Action column.
33. Three tabs in the Reports Center in QuickBooks Online.

• Standard
• Custom reports
• Management reports
34. Best definition of cash-basis reports.

• Cash-basis reports display income as of the date the customer payment is
received/recorded and expenses as of the date a vendor bill is paid.
35. Type of reporting displays the incurred date as the bill date.
• Accrual-basis reporting
36. Steps needed to add a new account to your Chart of Accounts are described above.
• To begin, select Accounting to see a list of Craig’s existing accounting.
• Select the green New button.
• Using the drop-down list, set Account Type as Fixed Assets.
37. If you have a client who needs a QuickBooks Online solution that includes tracking for sales and
sales tax. Subscription levels in QuickBooks Online that support these features is.
• Simple Start, Essentials, Plus, and Advanced

38. Four key advantages to setting up your client in QuickBooks Online through QuickBooks Online
Accountant.
• Ensures they’re signed up to the subscription level that best fits their needs.
• Enables discounts like Wholesale billing.
• Gives you access to their books right away, using your own sign-in credentials, without
waiting on an invitation.
• Allows you to assign team members in your firm to work on their books, Multiple users can
be signed in at the same time.


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1. Statements about the QuickBooks Online Dashboard.

2. It is free to add access to the QuickBooks Online mobile app.

7. Retail and e-commerce

© The Life Auditor – 2020

12. Key features of QuickBooks Online Accountant.

13. To be listed in the Quickbooks App Center, apps must

14. Three key Benefits of wholesale billing.

16. Features of a client’s QuickBooks Online company.

© The Life Auditor – 2020

19. Process of creating a sales receipt in QuickBooks Online.

20. Best definition of an invoice

27. Starting points in entering a new expense into QuickBooks Online.

28. Statements to process of paying bills in QuickBooks Online.

© The Life Auditor – 2020

33. Three tabs in the Reports Center in QuickBooks Online.

34. Best definition of cash-basis reports.

© The Life Auditor – 2020

© The Life Auditor – 2020

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