QuickBooks online certification questions and answers graded A+

QuickBooks online certification questions and answers graded A+ When you're working in QuickBooks Online, you'll spend most of your time using a form, a list, or a: ✔✔Register Which customization would quickly conden ...

QuickBooks online certification questions and answers graded A+ When you're working in QuickBooks Online, you'll spend most of your time using a form, a list, or a: ✔✔Register Which customization would quickly condense the size of a Profit & Loss report: ✔✔Click collapse on the report to show only parent account subtotals When you click the Paycheck List tab it will automatically take you back to the Payday tab to View and Print a check, Delete a check, or Modify the Check #s: ✔✔True Lists save you time and help you enter information consistently and correctly: ✔✔true You can set up custom pay rates for certain employees: ✔✔true You can customize any QuickBooks Online reports to show exactly the data you want: ✔✔true You can enter credit card charges when you charge an item or when you receive the bill. Your choice depends on whether you like to enter information into QuickBooks Online incrementally or all at once: ✔✔true Using the Company Setup Process to create a new QuickBooks Online company, QuickBooks asks you questions about the type of business you own. It uses your answers to get you started quickly, by setting up the appropriate accounts and lists: ✔✔true If your QuickBooks Online start date is before today's date, you also need to enter past transactions so that you have complete financial records from the start date forward: ✔✔true The chart of accounts is the framework used to categorize the information and transactions used to create reports. By using a chart of accounts and creating reports, you'll always know the current state of your business: ✔✔true QuickBooks Online lists organize a wide variety of information such as: ✔✔A) Data on customers B) Vendors C) Inventory items ^^^^^D) ALL THE ABOVE ^^^^^ In the vendor center if you notice two or more similar names that refer to the same vendor, what would you do to clean up the Vendors list: ✔✔Merge the similar vendor names The Payment and billing tab is where you record information about each customer's preferred payment method and default terms. For customers who pay by credit card, you cannot enter credit card numbers and expiration dates: ✔✔FALSE When you receive a bill from a vendor, you should enter it into QuickBooks Online as soon as you can: ✔✔true When you pay a bill through the Pay Bills page, QuickBooks Online makes an entry in the accounts payable register, showing a decrease of the total payables. It also creates a check from your checking account to pay the bill: ✔✔true Which account register do you open to view checks that have cleared: ✔✔Checking account Which of these vendor-related transactions cannot be launched with one click from the "Quick Create" menu: ✔✔Create new vendor You can reconcile any QuickBooks Online bank account, including accounts for savings and money market funds: ✔✔true Which of the following statements regarding App subscriptions for QuickBooks Online is accurate: ✔✔To add an app, from QBO, click Apps in the life navigation bar, search for the app and try if for free Which of the following is a feature of QuickBooks Online Payroll: ✔✔Access from a separate website outside of the QuickBooks Online account with central client list You enter statement charges one by one, as you perform services for the customer or vendor: ✔✔false Which of the following best describes Location tracking: ✔✔Report on profitability by location Unbilled time and costs can be viewed from multiple access points, including which of the following: ✔✔The Customer Center's Money Bar Where can you find the transfer funds function in QuickBooks Online: ✔✔Quick create Each client can choose the default reporting basis to be accrual or cash. Where in QuickBooks Online is the default reporting basis chosen: ✔✔Company Settings > Account and Settings > Advanced > Accounting Why is setting a closing date and a password strongly recommended: ✔✔It sends an automatic email to the accountant Which of these Company Settings must be selected to activate online invoices: ✔✔Email a link to customers to pay invoices online To set up overtime pay, you do add it as an hourly rate: ✔✔false If you work with several companies, you'll be working with multiple QuickBooks Online company files. You can change from one company file to another at any time, but you can have only one company file open at a time in a single browser: ✔✔true The Customer Money Bar helps you manage collecting payments from your customers. It lists all overdue and almost due invoices in a single place: ✔✔true