Quickbooks Online Certification Practice Test
What lists can be imported from Excel spreadsheets, when setting up a QuickBooks online
company? - ✔✔Chart of accounts, Customers, Products and Services, and Vendors
Which
...
Quickbooks Online Certification Practice Test
What lists can be imported from Excel spreadsheets, when setting up a QuickBooks online
company? - ✔✔Chart of accounts, Customers, Products and Services, and Vendors
Which of the following is TRUE regarding your chart of accounts, when setting up a new
QuickBooks company? - ✔✔It is possible to add more accounts after starting a new company
What company information does QuickBooks ask for when you first create a new QuickBooks
online account? - ✔✔The industry of the business
Where is the Company Settings page found in QuickBooks online? - ✔✔Click the Company
Menu at the top right and select Company Settings
What can you do to filter the home page so that it does not display sensitive financial
information? - ✔✔Turn on "Private Mode" from the home page
Which of the following is TRUE regarding General Journal Entries? - ✔✔General Journal
Entries require a good understanding of debits and credits and a great deal of care should be
taken by non accountants when entering them
Which of the following statements about users is TRUE? - ✔✔In addition to Regular or Custom
users, you can also set up Reports Only, and Time Tracking only users
When importing information from QuickBooks Desktop to QuickBooks online you: - ✔✔Have
to import everything, and anything that is in your QuickBooks Online company during the
import will be overwritten
Which of the following is TRUE regarding merging entries in lists? - ✔✔You can merge an
income account with another income account
You just bought something from one of your customers and want to set them up as a vendor.
What steps should you take to do that? - ✔✔Open the Vendors list and create a new vendor. In
the Display Name as Field, enter the customer's name, but add something else to the name to
make it unique
How do you delete a particular product that you no longer sell? - ✔✔Click the Company Menu
(gear icon) then click Products and Services. Select the product from the list and click delete
What does QuickBooks do when you make a customer with a balance, inactive? -
✔✔QuickBooks creates a Credit Memo and applies it to any open invoices which makes the
balance zero
Which of the following is NOT a list in QuickBooks Online? - ✔✔Other names
How does QuickBooks distinguish which income accounts should be affected when you use a
product on a sales form? - ✔✔When setting up a product or service, you assign the income
account. Later when you use the product on sales forms QuickBooks uses that account to record
income
Which of the following statements is TRUE regarding products and services you sell? -
✔✔When you sell a product or service, the income from the sale flows to the account you
selected when you set up the account
You are setting up a product or service. What happ
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