Question 1

Which 2 statements are true about converting sub-customers to projects?

Only the Accountant user can convert sub-customers to projects

Sub-customers can be converted to projects from the Customer Center and Account and Settings

To be available to convert, a sub-customer can be up to four levels down from the parent customer

To be available to convert, a sub-customer must be set up to Bill with Parent

The sub-customer addresses, tax codes, and terms will revert to the parent customer settings for the converted project

Projects can be converted back to sub-customers

Question 2

Barbara from Broad Street Communications is having a problem invoicing for billable expenses for her customer, Sadie's Car Parts. Sadie's has several locations that are set up as sub-customers in Broad Street's books. When Barbara creates an invoice for Sadie's Car Parts to include billable expenses for all locations, she notices that some billable expenses are not in the drawer.

Why might that happen?

Barbara does not have permission to access one of the sub-customers

One of Sadie's locations (a sub-customer) is configured to Bill with parent

Sadie's Car Parts is configured to Bill this customer

One of Sadie's locations (a sub-customer) is configured to Bill this customer

Sadie's Car Parts is configured to Bill with parent

Question 3

Which 2 statements are true about delayed charges?

Delayed charges should be used to invoice for time worked

Delayed charges can easily populate a bill

Delayed charges can be made recurring

Delayed charges are available in all subscription levels of QuickBooks Online

Delayed charges can be used to track billable mileage

Question 4

Stacy Smith has contacted you and wants to use QuickBooks Online. Currently, she manages three different properties and each property has its own separate bank account. She'd like to see the net income and total fixed assets by property.

What would you recommend?

Set up a QuickBooks Online Plus or Advanced subscription and turn on Location tracking

Set up a separate QuickBooks Online subscription for each property and consolidate at tax time

Set up a QuickBooks Online Plus or Advanced subscription and turn on Class tracking

Set up a QuickBooks subscription of any level and turn on Project tracking

Question 5

If you select "Add Service field to timesheets," what 2 product/service type items are available to select in the dropdown of a time tracking entry?

Inventory items

Non-inventory items

Service items

Bundle items

Bill of Material items

Question 6

Which 2 statements regarding source and target data are true?

Source data provides information about classes

Transactions typically have one line of source data

Source account data must be a balance sheet account

Transactions cannot have more than one line of target data

Question 7

A new client using QuickBooks Online Simple Start is unable to create a partial invoice against an estimate.

How can this be resolved?

They need to turn this feature on in Account and Settings

They need to set up a scheduled recurring estimate

They need to upgrade to QuickBooks Online Essentials or higher

They need to ask the primary admin for permission to access progress invoicing

Question 8

Your client, Sadies Car Parts, has set the following Expense settings:

She has incurred the following billable charges for a particular customer. Because she uses markup, she does not enter a sales price when setting up items.

Vendor/Employee	Expense Cost	Item Cost	Delayed charge	Time	Billable rate per hour
Ellis Equipment Rental	500.00
Hicks Hardware		750.00
John Johnson				10	20
Sam Samson			450.00	4	50
Tom Thompson		1000.00

Assuming there's no sales tax, what is the total amount of the billable charges for this customer?

3315

3325

3100

3410

Question 9

The employees of Marsha's Market track their own time using QuickBooks Online basic time tracking. She has asked how to view all the time entered this year for one particular employee.

Which report should she run?

Unbilled Time

Recent/Edited Time Activities

Time Activities by Vendor Detail

Time Activities by Employee Summary

Time Activities by Employee Detail

Question 10

Which statement is true about Location tracking in QuickBooks Online?

Locations affect only the source of a transaction

Location labels (for example, Division or Territory) can be changed to suit the individual business

Location tracking is available in all subscription levels of QuickBooks Online

Sub-locations do not count toward QuickBooks Online usage limits

QuickBooks Online Advanced allows for unlimited hierarchical levels of locations

Question 11

Which 2 statements about Location tracking in QuickBooks Online are true?

The Location can be selected on each row of an invoice

The Location can be selected on each row of a journal entry

The Location cannot be filtered on the Bank Deposit

The Location can be added to a Bill Payment

The Location can be filtered on the Pay bills screen

Question 12

Which 2 statements are true about billable expenses?

The purchase transaction related to a billable expense can use another asset account

The purchase transaction related to a billable expense can use an income account

A default markup dollar amount can be added automatically on the invoice

A default markup percentage can be added automatically on the invoice

Invoicing for a billable expense must always use an income account