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    2nd Attempt

    Uploaded by

    Ramij Babu

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    2nd Attempt

    Uploaded by

    Ramij Babu
    211 views4 pages

    Copyright

    © © All Rights Reserved

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    DOCX, PDF, TXT or read online from Scribd

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    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    211 views4 pages

    2nd Attempt

    Uploaded by

    Ramij Babu

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    Section 4

    Q1

     From the For review tab in the Banking center, how can you exclude a bank transaction that is a
    duplicate?

    Edit answer

    Your answer:
    Find transaction > Check box next to transaction > Select Exclude in banner

     Q2
     Which 3 criteria can be specified in a bank rule condition?

    Edit answer

    Your answer:
    Transaction Amount
    Description
    Tag

     Q3
     Which 3 are transaction types you can assign in a rule for money-out transactions?

    Edit answer

    Your answer:
    Journal entry
    Expense
    Check

     Q4
     Which 3 statements regarding bank rules are true?

    Edit answer

    Your answer:
    Bank rules can automatically add transactions to the register
    Bank rules can be copied, edited, or deleted
    Bank rules can be prioritized

     Q5
     Where will the current transactions appear if Auto-add wasn’t selected when creating a bank
    rule?

    Edit answer

    Your answer:
    For review tab

     Q6
     What are 2 ways to begin setting up a recurring transaction in QuickBooks Online?

    Edit answer

    Your answer:
    Gear > Recurring transactions
    Select the Make recurring option at the bottom of the desired transaction

     Q7
     Which 4 transaction types can be made into recurring templates?

    Edit answer

    Your answer:
    Receive payment
    Invoice
    Paycheck
    Pay bills

     Q8
     What is the default filter that is automatically applied when reconciling an account in the
    Reconciliation dashboard?

    Edit answer

    Your answer:
    Statement ending date

     Q9
     Which 3 conditions could lead to the beginning balance of a bank or credit card reconciliation
    being inaccurate?

    Edit answer

    Your answer:
    A reconciled transaction was deleted
    A reconciled transaction’s status was changed to not reconciled
    A reconciled transaction’s amount was changed

     Q10
     Which report indicates when QuickBooks Online users signed in and out?

    Edit answer

    Your answer:
    Audit log

     Q11
     What’s used to validate the bank and credit card account balances on a balance sheet?

    Edit answer

    Your answer:
    Reconciliation reports

     Q12
     Which report would you use to show the least popular products?

    Edit answer

    Your answer:
    Sales by Product/Service Summary

     Q13
     What 3 customizations can you do from the Header/Footer section of the Customize reports
    drawer?

    Edit answer

    Your answer:
    Show the logo
    Show or hide the report basis
    Change the header or footer alignment

     Q14
     Which 3 predefined management report templates will a client see in their company file?

    Edit answer

    Your answer:
    Expenses performance
    Sales performance
    Company overview
     Q15
     Which 2 management report templates will be seen by default when accessing a client’s books
    via QuickBooks Online Accountant?

    Edit answer

    Your answer:
    Expanded company financials
    Basic company financials

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