6/29/2021 Intuit Training Portal

Section 1
QuickBooks Online Certification: How it works

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Q1 What business industry type does this best describe? Edit answer

Your answer:
Retail and e-commerce

Q2 Which 2 actions can help this client quickly transfer her Edit answer
data into her new QuickBooks Online company?

Your answer:
Use Upload from file tool in the Banking Center to
upload banking activity
Import her existing data from Excel lists using the
Import Data tool

Q3 What is the minimum QuickBooks Online version Edit answer

suitable for Liz's client?

Your answer:
QuickBooks Online Plus

Q4 Which subscription options, if any, include bank feeds, Edit answer

access from any device at any time, and integration with
a wide range of apps?

Your answer:
QuickBooks Online Simple Start, Essentials, Plus,
and Advanced

Q5 Which 2 features of QuickBooks Online Advanced Edit answer

aren't available to QuickBooks Online Plus clients?

Your answer:
Unlimited accounts and classes
Advanced import and batch entry

Q6 Which 2 statements about ProAdvisor Preferred Pricing Edit answer

in QuickBooks Online are true?

Your answer:

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The practice gets billed at wholesale prices for
QuickBooks Online subscriptions
The practice gets billed directly and determines
the amount to bill the client

Q7 What's the recommended first step to begin working Edit answer

with this client in QuickBooks Online?

Your answer:
Select Add client in QuickBooks Online
Accountant

Q8 Which 3 reasons could be causing this balance? Edit answer

Your answer:
Opening balance for an inventory item was
entered during the setup process
The client entered an Opening Balance when
creating an Other Current Asset account
Opening balances were included when importing
customers using the Import data tool

Q9 Which option completes this statement? Edit answer

Your answer:
1. apps; 2. streamline

Q10 What are the first step(s) in the client onboarding Edit answer
workflow?

Your answer:
Meeting with client and gathering information

Q11 What are the 5 main account types in the Chart of Edit answer
Accounts?

Your answer:
Assets
Liabilities
Income
Expenses
Equity

Q12 Which 4 statements regarding the Chart of Accounts Edit answer

are true?

Your answer:
To add a new account, open the Chart of Accounts
by selecting Accounting from the Left Navigation
Bar, then selecting New to open the Account
window
If you add a new account, the detail type
determines which financial statement this account
will appear on
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When you specify a sales price/rate when setting
up Products and Services, you link them to the
Chart of Accounts
You should inactivate an account from the Chart
of Accounts if it is not relevant to your business

Q13 Where do you enable account numbers for the Edit answer
QuickBooks Online Chart of accounts?

Your answer:
Gear > Account and Settings > Advanced > Chart
of accounts > Enable Account Numbers

Q14 If Mariette does not want to track the quantity on hand Edit answer
of the products she sells, what Product/Service type
should she select when setting up the items she sells in
QuickBooks Online?

Your answer:
Non-inventory

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