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QuickBooks Online Certification Exam Study Guide : Updated A+ Guide

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Employees and Payroll (Ans- One of the key areas you'll need to discuss is whether the company is run solely by the owner or whether your client has employees (and therefore payroll requirements). ... Other expense tracking needs (Ans- Your new client may also have to track other expenses, such as mileage on a vehicle. They may also want to keep an eye on their income in order to estimate their future income tax bill. Ask your client what their current method for keeping track of their taxes is. If they are self-employed, they may not know that estimating their taxes is a handy feature of QuickBooks Online Self-Employed. Other daily operations needs (Ans- Does your client hold stock as part of the day-to-day running of their business? How do they keep track of their inventory? If your client has inventory, they may want to include inventory tracking. If this is a requirement, you will be able to discuss with them how QuickBooks Online and/or third-party apps can help with this. Industry-specific needs (Ans- Every client and every business is different, depending on their industry. For example, your client may need QuickBooks Online with third-party apps enabled to track their e-commerce or web-based sales, manage their logistics, manufacturing, shipping, point of sale, or many other variables such as their personal billable time. Specialized application needs (Ans- There is a range of apps compatible with QuickBooks Online. Your client may benefit from a specialized app to handle an area of their business. They may even already use one. You will be able to use your knowledge of QuickBooks Online features to spot when a client has a requirement QuickBooks Online can't cater for on its own. That's where integrated apps come into the picture. From cloud storage to time-tracking, there's an app for just about everything. Reporting needs (Ans- This section of the New Client Checklist helps you get a clearer picture of how your client prefers to run their reports. Which reports work best for them? How often do they run and analyze their reports? As an additional feature, if the client has employees, they may wish to add users to their accounts who have reports-only access. We'll look into that in more detail later in the course. [Show More]

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