NEED HELP ON QUICKBOOKS CERTIFICATION.

FINAL ATTEMPT/ NEED 80% or Higher to Pass

PLEASE HELP !!!!

What are 2 limitations of the Reclassify transactions tool? You can't change the class when reclassifying expense transactions You can't change the payment bank account when reclassifying expense transactions You can't change the class on deposit transactions You can't change the account for inventory adjustments You can't change the location when reciassifying expense transactions Which tab in the Books review menu allows you to view and adjust balances for balance sheet accounts? Final review Transaction review Account reconciliation Setup What is the correct process for setting up a recurring project for the same client? Create the project and save it. Re-open the project and select the duplicate button for the number of times you want it to recur You cannot repeat projects, only tasks Create a new project and use the Repeat slider to turn it on, then set the frequency and duration In the Work center, select Repeat from the Status dropdown If you set a closing date with a password, can a client's office manager with standard access make changes to transactions? If so, how would you track any changes they make in the closed period? Yes, but only if they know the password. There's no way to track changes Yes, but only if they know the password. Changes are flagged in the Exceptions to Closing Date report Yes, they can make changes to transactions, even without the password. Changes are flagged in the Exceptions to Closing Date report No. Even if this user knows the password, they can't change transactions on or before the closing date. Only the accountant can track changes What are 3 of the stages in Books review? Categorization review Transaction review Bank reconciliation Not started Final review Account reconciliation Team review A lead bookkeeper in Teresa's firm recently retired. How does Teresa update the lead for the client from the Clients menu in QuickBooks Online Accountant? Select the client from the list and then choose Edit lead from the down arrow next to the Edit client button Select the client from the list and then choose Edit lead from the Actions column Select the Gear icon below the Add client button and check the box next to Edit leads Select the Filter option and then select Edit leads Why might an Accountant user not see the Exceptions to Closing Date report in a QuickBooks Online company? A closing date has not been set in the company The Accountant user does not have the required permissions to view the report The Audit Log is not enabled The Exceptions to Closing Date report is not available in a Simple Start subscription What 4 things can be done in the Wrap-up tab of Books review in QuickBooks Online Accountant? Prepare reports Cancel an existing QuickBooks Online client subscription Invite new users to a QuickBooks Online company Move an existing QuickBooks Online client subscription to your firm Create an additional to-do checklist Create a new QuickBooks Online client subscription Close the books Which accountant-only tool enables you to categorize a large batch of transactions in only a few clicks for any subscription level? Write off invoices Recurring transactions Prep for taxes Reclassify transactions Books review Why might an Accountant user not see the Exceptions to Closing Date report in a QuickBooks Online company? A closing date has not been set in the company The Accountant user does not have the required permissions to view the report The Audit Log is not enabled The Exceptions to Closing Date report is not available in a Simple Start subscription Which 2 forms related to employees and contractors do you need to file at year end? Form 1029 Form 1.9 Form W-2 Form W-3 Form 1099