QUICKBOOKS ONLINE EXAM

QUICKBOOKS ONLINE EXAM

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 Brian just completed a Client Needs Assessment and his client confirmed that she will require profitability tracking, and needs to create budgets and purchase orders in her accounting solution.What is the minimum QuickBooks Online version suitable for Brian's client? - QuickBooks Online Plus What is one difference between ProAdvisor Discount and Direct Discount pricing, apart from who pays for the subscription? - Duration of discount 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 Transactions in the Banking Center were added without assigning an account to them When using QuickBooks Online Accountant, Diane Doolittle opens a client's QuickBooks Online company from her Client dashboard.Where can she see which apps are connected to the client's account without signing out of the account? - Overview > Company Setup Which menu area allows you to search for apps by the problem or business process they address? - Browse category Where are 2 places you can search for apps that work with QuickBooks Online? - Account and Settings > Apps www.quickbooks-apps.com How will QuickBooks notify you when subscribing to receive updates and resolutions on QuickBooks Online outages or slowdowns? - Email 1 / 2

Where can you enable account numbers for the chart of accounts? - Gear icon > Account and Settings > Advanced > Chart of Accounts > Enable account numbers Which users will be able to see account numbers if they are enabled? - All users will see the account numbers.Before merging two sub-accounts, what do you need to check? - Make sure the names are spelled the same.What is the maximum number of characters allowed in the account number field? - 7 Where would you navigate within QuickBooks Online to show product/service column on sales forms? - Gear icon > Account and Settings > Sales > Products and services 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? - Chart of accounts There are four item types to choose from in QuickBooks Online. - This includes services that are provided to customers, such as an emergency service call visit or other labor : Service These are products that are bought and sold, and where it is necessary to track quantities on hand. You must subscribe to QuickBooks Online Plus or Advanced to use this feature Inventory (in QuickBooks Online Plus and Advanced only) These are products bought and sold where it isn't necessary to track quantities on hand, such as small parts used in the installation or delivery of a product Non-inventory This is a collection of products and services that are sold together, such as the installation of a product that includes both labor and materials Bundle Timothy would like to add another term to the current list of terms within QuickBooks Online.Where would he go to add the additional term? - Gear > Account and settings > Sales Terms > New Which 4 of these tabs appear in the Customer information screen? - Notes Address Customer type Terms What are 2 ways to add a new vendor to QuickBooks Online? - Expenses > Vendors > New vendor Gear > Import data > Vendors

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