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    Section 1 - Passed 82%

    Uploaded by

    Jasmin Lomerio
    This document contains a quiz about QuickBooks Online features and functionality. It includes 17 multiple choice questions testing knowledge in areas such as: migrating data from QuickBooks Desktop, subscription levels, benefits of apps, scoping client needs, enabling account numbers, merging accounts, item types, and more. The majority of the questions have a single correct answer to select from 4 or 5 options provided for each question.

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

    Section 1 - Passed 82%

    Uploaded by

    Jasmin Lomerio
    280 views8 pages
    This document contains a quiz about QuickBooks Online features and functionality. It includes 17 multiple choice questions testing knowledge in areas such as: migrating data from QuickBooks Desktop, subscription levels, benefits of apps, scoping client needs, enabling account numbers, merging accounts, item types, and more. The majority of the questions have a single correct answer to select from 4 or 5 options provided for each question.

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    Quickbooks

    Original Title

    Section 1_Passed 82%

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    This document contains a quiz about QuickBooks Online features and functionality. It includes 17 multiple choice questions testing knowledge in areas such as: migrating data from QuickBooks Desktop, subscription levels, benefits of apps, scoping client needs, enabling account numbers, merging accounts, item types, and more. The majority of the questions have a single correct answer to select from 4 or 5 options provided for each question.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    280 views8 pages

    Section 1 - Passed 82%

    Uploaded by

    Jasmin Lomerio
    This document contains a quiz about QuickBooks Online features and functionality. It includes 17 multiple choice questions testing knowledge in areas such as: migrating data from QuickBooks Desktop, subscription levels, benefits of apps, scoping client needs, enabling account numbers, merging accounts, item types, and more. The majority of the questions have a single correct answer to select from 4 or 5 options provided for each question.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 8

    Section 1

    QuickBooks Online: Passed: 82%


    Question 1
    Which section in the New Client Checklist helps you understand your client's needs to determine
    the features and solutions required?

    • Client Profile

    • Features and Solutions

    • Client Needs Assessment

    • Onboarding Checklist

    Question 2
    Janice has been using QuickBooks Desktop to manage her business and is planning to switch to
    QuickBooks Online.
    What is the easiest way to migrate her data to QuickBooks Online?

    •
    • Manually enter her data

    •
    • Import her lists from an Excel spreadsheet

    •
    • Use the conversion tool to convert her existing QuickBooks Desktop data

    •
    • Use a third-party app to import her data

    Question 3
    Which 2 QuickBooks subscription levels would support a client who needs to track how much
    inventory is in stock at any given time?

    •
    • Plus

    •
    • Essentials

    •
    • Advanced

    •
    • Simple Start

    •
    • Self-employed

    Question 4
    What are 3 benefits of the ProAdvisor Discount Program?

    •
    • Itemized billing of all firm-billed subscriptions

    •
    • Up to 30% off subscriptions for your clients

    •
    • Ability to choose between monthly or annual billing

    •
    • Ability to add, remove, or change clients' subscriptions

    •
    • Free upgrades for your clients

    Question 5
    To determine the scope of a bookkeeping clean-up engagement, you are reviewing the Client
    Overview tab for a potential client. You notice that there is a large amount in the Opening
    Balance Equity account.
    Which 2 reasons could be causing this balance?
    •
    • A reconciliation adjustment was posted when completing a bank reconciliation

    •
    • An opening balance was entered when an inventory item was created

    •
    • An opening balance was entered when setting up sales tax

    •
    • Transactions in the Banking Center were added without assigning an account to them

    •
    • An opening balance was entered when creating a new Other Current Asset account

    Question 6
    Which 4 sections of the Overview screen can be used to perform a high-level review?

    •
    • Company Setup

    •
    • Outstanding Taxes

    •
    • Client Mileage

    •
    • Banking Activity

    •
    • Transaction Volume

    •
    • Prep for taxes

    •
    • Common Issues

    •
    • Voided/deleted Transactions

    Question 7
    Which 3 are benefits of using apps with QuickBooks Online?
    •
    • They can provide a discount on QuickBooks Online

    •
    • They can provide additional insight into various parts of a business

    •
    • They can reduce time spent on data entry

    •
    • They can solve industry-specific needs

    •
    • They can help to speed up the performance of QuickBooks Online

    •
    • They are all included free with your QuickBooks Online subscription

    Question 8
    Where are 2 places you can search for apps that work with QuickBooks Online?

    •
    • The ProAdvisor tab in QuickBooks Online Accountant

    •
    • Account and Settings > Apps

    •
    • www.apps.com

    •
    • The Apps tab in QuickBooks Online Accountant

    •
    • www.quickbooks-apps.com

    •
    • www.intuit-apps.com

    Question 9
    What resource is available to help scope out your clients' needs?

    •
    • Onboarding Checklist
    •
    • New Client Checklist

    •
    • Document Checklist

    •
    • Subscription Checklist

    Question 10
    Where can you enable account numbers for the chart of accounts?

    •
    • Lists > Chart of Accounts > Enable account numbers

    •
    • Gear icon > Account and Settings > Advanced > Chart of Accounts > Enable account
    numbers

    •
    • + New > Account and Settings > Chart of Accounts > Enable Account numbers

    •
    • Accountant Tools > Customization options > Chart of Accounts > Enable account numbers

    Question 11
    Which users will be able to see account numbers if they are enabled?

    •
    • Only Company admins will see the account numbers.

    •
    • All users will see the account numbers.

    •
    • Only the Primary admin will see the account numbers.

    •
    • Only the user who enabled will see the account numbers.
    Question 12
    Before merging two sub-accounts, what do you need to check?

    •
    • Make sure that both accounts are inactive.

    •
    • Make sure their account number is the same.

    •
    • Make sure the names are spelled the same.

    •
    • Make sure that one account is inactive.

    Question 13
    What is the maximum number of characters allowed in the account number field?

    •
    • 5

    •
    • 8

    •
    • 7

    •
    • 10

    Question 14
    Susan would like to assign a preferred vendor to one of her existing product items.
    Where would she navigate to assign a preferred vendor?

    •
    • Sales > Products and services > Edit under the Action column > Preferred vendors
    dropdown

    •
    • Expenses > Find Vendor > Edit > Preferred item dropdown

    •
    • Expenses > Vendors > Find Vendor > Assign under the Action column> Preferred item
    •
    • Sales > Find Product or Service > Assign > Preferred vendor dropdown

    Question 15
    In QuickBooks Online, the Products and Services list contains the items that will appear on your
    client's purchase and sales transactions.
    What must each product/service item be mapped to?

    •
    • Product category

    •
    • Preferred vendor

    •
    • Chart of accounts

    •
    • Class

    Question 16
    There are four item types to choose from in QuickBooks Online.
    (Select correct answers to match the pairs for the given prompts below)Reset Answers

    Prompts Answers

    This includes services that are provided to


    Choose a match - Service
    customers, such as an emergency service call visit
    or other labor

    These are products bought and sold where it isn't


    necessary to track quantities on hand, such as Choose a match - Non-inventory
    small parts used in the installation or delivery of a
    product

    These are products that are bought and sold, and Choose a match - Inventory (in QuickBooks Online
    where it is necessary to track quantities on hand.
    You must subscribe to QuickBooks Online Plus or Plus and Advanced only)
    Advanced to use this feature

    This is a collection of products and services that


    are sold together, such as the installation of a Bundle
    product that includes both labor and materials
    Question 17
    Jane owns an online ecommerce business and would like to track the various types of credit
    cards she accepts.

    Which list should she edit?

    •
    • Credit Card Type

    •
    • Terms

    •
    • Payment Type

    •
    • Payment Methods

    You will be asked to review before submission.

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