QuickBooks Online Certification –
2022/2023 Rated A+
Marcus runs a small tailoring firm called Tailoring to Your Needs, Inc. in Santa Barbara. He
needs something that will help him manage his finances with the help of
...
QuickBooks Online Certification –
2022/2023 Rated A+
Marcus runs a small tailoring firm called Tailoring to Your Needs, Inc. in Santa Barbara. He
needs something that will help him manage his finances with the help of his accountant.
Which product do you think might suit him best? ✔✔QuickBooks Online
Dianne's team recently added five new QuickBooks Online client subscriptions to the firm, and
Alison, the bookkeeper, just passed her QuickBooks Online Certification exam.
How many points will this earn the firm? ✔✔350
- 50 points for each of the five new client subscriptions
- 100 points for Alison passing her exam
On the QuickBooks Online Accountant dashboard, where would you go to find the best advice
for ProAdvisors to develop their businesses and access certifications? ✔✔In the ProAdvisor
section, under Your Practice
Pedro is a bookkeeper who has taken on some new clients. He now supports a mixture of small
businesses and self-employed freelancers. ✔✔QuickBooks Online Accountant
When you sign in to QuickBooks Online Accountant, whose books can you directly access and
manage? Select all that apply. ✔✔QuickBooks Online client's books
QuickBooks Self-Employed client's books
Your practice's own books
In QuickBooks Online Accountant, what can the + New button be used for? ✔✔It's used to
access a range of workflows for customers, vendors and employees
Which of the following benefits will you gain by becoming a ProAdvisor? Select all that apply.
✔✔Discounts on software and apps
Access to training and support
Access to marketing resources
Your firm will be listed in the Find-a-ProAdvisor directory
How do you earn points for your firm through the ProAdvisor program? Select all that apply.
✔✔When you add a new Self-Employed client
When you set up a new client with a QuickBooks Online subscription
When a member of your team passes the certification exam
Because QuickBooks Online is ________________, files are synced in real time, so you can
work with your clients from anywhere, from any connected device.
Which of the following correctly completes the statement? ✔✔In the cloud
Which of the following tasks should be performed weekly? Select all that apply. ✔✔Record
transactions
Document and file receipts
Review unpaid bills
Prepare and send invoices
Pay vendors, sign checks
Review projected cash flow
Now let's see how easy it is to navigate around a client's QuickBooks Online company.
Where would you go to find the following accountant-only features? Prep for taxes, Reclassify
Transactions, Voided/Deleted Transactions, and Write Off invoice ✔✔Accountant Tools
The dashboard give you lots of relevant information, including sales performance, expenses, and
banking. You can even set the date range of the information displayed using the drop-down in
the top right-hand corner of the panel.
What information can you see on the dashboard? Select all of the options that are correct.
✔✔Income and sales data
Profit and loss figures
Expenses
Credit card balances
Bank balances
Which of the following statements are true of the QuickBooks Online mobile app? (Select all
that apply.) ✔✔It syncs with QuickBooks Online on the web: Any task completed in the app
updates QuickBooks Online.
The same security that protects your QuickBooks Online data on the web applies when you use
the QuickBooks Online mobile app.
Which of the following are correct statements about a client's QuickBooks Online company?
Select all that apply. ✔✔A QuickBooks company is made up of lists and transactions
There are multiple entry points for finding different lists and transactions
As an accountant user, you have an additional drop-down menu in your client's company
Settings and tools can be accessed from the Gear icon
Which of the following statements are true of the QuickBooks Online dashboard? Select all the
correct options from the list. ✔✔You can see deposits and information on unpaid and overdue
invoices
You can select a card to go to the Sales or Expenses center
You start off in dashboard when you enter a client account
Your client wants to know if they can manage their expenses using the mobile app. What do you
tell them? ✔✔Yes. They can add expenses on the mobile app and it will automatically sync them
with QuickBooks Online
Your client complains they have too many expense receipts to keep track of and they keep losing
them. Which of these is the best advice? ✔✔They should take a photo of the receipt on their
mobile phone and attach it to an expense transaction via the QuickBooks Online mobile app
Craig has received several checks from his customers, totaling $2500. He's marking the
payments as Received in QuickBooks Online.
Which account should he record the payments to? ✔✔Undeposited Funds
Take a look at the following customer workflow:
Provide service
Invoice customer
______________
Take money to the bank
__________________
Which 2 steps in QuickBooks Online complete the customer workflow? ✔✔3) Receive payment
5) Create a bank deposit transaction
Let's see if we can help Craig by showing him some important information about money his
customers owe him.
Using the Sales Center, how can you quickly find the overdue invoices in a company's accounts?
✔✔By going to the Money Bar
Craig adds another new customer, Cool Cars. He has agreed to payment terms of 60 days.
Where can Craig record this information so it appears automatically on new invoices?
✔✔Payments and billing
"Transaction forms that reduce the amount owed on a customer's account and record the return of
goods"
Which transaction type is being described above? ✔✔Credit memo
Which of the following are accurate descriptions of the process of creating a sales receipt in
QuickBooks Online? Select all of the options that are true. ✔✔You can add a new customer
without leaving the process
You can use + New to get to the Sales Receipt screen
Which is the best definition of an invoice from the options below? ✔✔It's what you send a
customer when work has been done and payment is due
The ________________ transaction is used to record a sale that was completed and paid for at
the time of sale. ✔✔Sales receipt
How can your clients quickly see how many overdue invoices each of their customers has?
✔✔By selecting the Overdue area of the money bar in the Customer List
Which two of the following are methods of recording a received payment in QuickBooks
Online? ✔✔By selecting Receive payment in the + New menu
By selecting the Receive payment link next to any outstanding invoice
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