Q1 Where can you see the number of tags and tag groups created? Your answer: Banking > Tags Q2 Where would you navigate in QuickBooks Online to generate a Balance Sheet report? Your answer: Reports > Business overview > Balance Sheet Q3 Which 2 user types can access the Performance Center in QuickBooks Online? Your answer: Accountant users in any subscription level of QuickBooks Online Client users in QuickBooks Online Advanced Edit answer Edit answer Edit answer Q4 Which report would you use to show top-selling and/or worst selling products? Edit answer Your answer: Sales by Customer Summary Q5 Which feature in QuickBooks Online reports allows you to customize section headings on the Profit and Loss and Balance Sheet reports? Your answer: Edit titles Q6 How would she accomplish this? Your answer: Create a new template under Management reports Q7 Which are 2 open issues that you can view from the Transaction review tab? Your answer: Transactions posted to the wrong period Unapplied payments Q8 What are the 3 status options? Your answer: . Done Waiting To do Edit answer Edit answer Edit answer Edit answer Q9 What are 2 limitations of the Reclassify transactions tool? Edit answer Your answer: You cannot change the payment bank account when reclassifying expense transactions You cannot change the class on deposit transactions Q10 Where would you go to review your client's expense account to see if any transactions have been miscategorized? Edit answer Your answer: Reclassify transactions from Accountant Tools Q11 When can an Accountant user use the Write off invoices tool? Your answer: Edit answer When a customer has outstanding invoices that will not be paid Q12 What are the correct steps to begin the Write off invoices process? Edit answer Your answer: Accountant Tools > Write off invoices Q13 At year end, what 2 reports can be used to verify that all bank and credit card accounts on the balance sheet have been reconciled? Edit answer Your answer: Reconciliation Report Reconciled Transaction Detail by Account Q14 which 3 items are included in the substantiation requirements? Your answer: Vehicle type, date placed in service, and total mileage (including business, commuting, and personal) Edit answer Q15 Can your client make changes, and if so, how would you track any changes to transactions within the closed period? Edit answer Your answer: Yes, but only if they know the password. Changes are flagged in the Exceptions to Closing Date report Q16 Why might an Accountant user not see the Exceptions to Closing Date report in a QuickBooks Online company? Your answer: The Accountant user does not have the required permissions to view the report 65F Edit answer Submit section