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- 1. Multiple Choice
Why is setting a closing date and a password strongly recommended:
It populates the audit trail
It sends a automatic email to the accountant
It prevents a client from making changes to a closed period
It creates a new Discrepancy Account in the Chart of Accounts
- 2. Multiple Choice
Which of these Company Settings must be selected to activate online invoices:
HTML emails
Include invoice as PDF attachemtn
Include sales forms as PDF attachments
Email a link to customers to pay invoices online
- 3. Multiple Choice
To set up overtime pay, you do add it as an hourly rate:
True
False
- 4. Multiple Choice
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 is a single browser:
True
False
- 5. Multiple Choice
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
False
- 6. Multiple Choice
When you're working in QuickBooks Online, you'll spend most of your time using a form, a list or a:
Register
Chart of Accounts
Report
Graph
- 7. Multiple Choice
Which customization would quickly condense the size of a Profit & Loss report:
Filter the report to show only certain date range
Click collapse on the report to show only parent account subtotals
Set the total income to be summarized by customer instead of summarized by account
Add sub-columns to include previous year amounts and $ difference between current and prior year amounts
- 8. Multiple Choice
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
False
- 9. Multiple Choice
Lists save you time and help you enter information consistently and correctly:
True
False
- 10. Multiple Choice
You can set up custom pay rates for certain employees:
True
False
- 11. Multiple Choice
You can customize any QuickBooks Online reports to show exactly the data you want:
True
False
- 12. Multiple Choice
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
False
- 13. Multiple Choice
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
False
- 14. Multiple Choice
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
False
- 15. Multiple Choice
The chart of accounts is the framework used to categorize the information and transactions used to create reports. By using the chart of accounts and creating reports, you'll always know the current state of your business:
True
False
- 16. Multiple Choice
QuickBooks Online lists organize a wide variety of information such as:
Data on customers
Vendors
Inventory items
All of the above
- 17. Multiple Choice
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
Delete the incorrect vendor names
Create a parent account for each vendor
Collapse each vendor in the Profit and Loss report
- 18. Multiple Choice
The Payment and billing tab is where yo 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 expiation dates:
True
False
- 19. Multiple Choice
When you receive a bill from a vendor, you should enter it into QuickBooks Online as soon as you can:
True
False
- 20. Multiple Choice
When you pay a bill through the Pay Bills page, QuickBooks Online makes an entry in the accounts payable register, showing a decrease of total payables. It also creates a check form you checking account to pay the bill:
True
False
- 21. Multiple Choice
Which account register do yo open to view checks that have cleared:
Checking account
Accounts receivable
Cash on hand
Uncategorized income
- 22. Multiple Choice
Which of these vendor-related transactions cannot be launched with one click from the "Quick Create" menu:
Create new vender
Write Check
Cash Expense
Vendor Refund
- 23. Multiple Choice
You can reconcile and QuickBooks Online back account, including accounts for savings and money market funds:
True
False
- 24. Multiple Choice
Which of the following statements regarding App subscriptions for QuickBooks Online is accurate:
To add an app go to the app developers website and subscribe to it. Then give permission to sync with QuickBooks Online
to add an app, form QuickBooks Online, go to Intuit and click Find More Apps, and try it for free
To add an app, from QuickBooks Online, click Apps in the navigation bar, search for the app and try it for free
To cancel or manage an existing app subscription, go to the Intuit anywhere blue dot and click go to my apps
- 25. Multiple Choice
Which of the following is feature of QuickBooks Online Payroll:
Client submits payroll tax payments and forms
Export to QuickBooks Desktop for Win Mac
Pay employees by direct deposit or print paychecks
Access from a separate website outside of the QuickBooks Online account with central client list
- 26. Multiple Choice
How do you merge vendors?
Select Expenses and then Vendors. Select the name of the vendor you don't want to use, then select Edit. Change the Title, First name, Middle name, and Last name to make it identical to the vendor you're merging it with. Ensure that the Display Name is also the same. Select Save, then select Yes to confirm that you want to merge the two vendors.
Select Vendors. Select the name of the vendor you don't want to use, then select Edit. Change the Title, First name, Middle name, and Last name to make it identical to the vendor you're merging it with. Select Cancel,
Select Expenses and then Vendors. Select the name of the vendor you want to use, then select Edit. Change the Title, First name, Middle name, and Last name to make it identical to the vendor you're merging it with. Ensure that the Display Name is also the same. Select Save, then select Yes to confirm that you want to merge the two vendors.
You can't merge vendors
- 27. Multiple Choice
How do you change payment method in QuickBooks online
Click the Gear Icon. Go to Account and Settings. Select Billing & Subscription.
Click the Gear Icon. Go to Account and Settings. Select Advanced
Click make payment. Go to credit card. Make change. Select Save
You can't change the payment method
- 28. Multiple Choice
How do you record a payment by credit card?
From the Banking menu, select Write Checks. From the Bank Account drop-down, select the bank account you want to use for paying the credit card. Select the date of your payment. In the Pay to the order of drop-down, select the name of your credit card company. Enter the amount of your payment.
Select the Create ⨁ icon and select Receive Payment. Fill out the customer info and payment date. In the Outstanding Transactions section, select an open invoice to apply the payment toward. ... From the Payment method drop-down menu, select Credit card.
Select the gear icon and select Receive Payment. Fill out the customer info and payment date. In the Outstanding Transactions section, select an open invoice to apply the payment toward. ... From the Payment method drop-down menu, select Credit card.
You can't record payment
- 29. Multiple Choice
In quickbooks online how do you record a payment?
From the QuickBooks Home screen or the Customers menu, select Receive Payments. On Received From drop-down, choose the customer's name, then enter the Amount. Make sure the date is correct, then choose the Payment method. Enter the Reference or Check #.
Click on the gear icon, select Receive Payments. On Received From drop-down, choose the customer's name, then enter the Amount. Make sure the date is correct, then choose the Payment method. Enter the Reference or Check #.
Click on the gear icon, select Accounts and settings. Select Advanced. On Received From drop-down, choose the customer's name, then enter the Amount.
You can't record a payment
- 30. Multiple Choice
How do you void a check?
Select the Plus icon (+) at the top. Under Vendors, choose Check/Cheque. The following fields must be completed Bank Account. Check/Cheque # ... At the bottom, select More and Void. When "Are you sure you want to void this?" prompts, select Yes.
Select the Gear icon. Under Vendors, choose Check/Cheque. The following fields must be completed (the other fields are optional): Bank Account. Check/Cheque # ... At the bottom, select More and Void. When "Are you sure you want to void this?" prompts, select Yes.
Select the Plus icon (+) at the top. Under accounts choose Check/Cheque. The following fields must be completed (the other fields are optional): Bank Account. Check/Cheque # ... At the bottom, select More and Void. When "Are you sure you want to void this?" prompts, select Yes.
You can't void a check
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