Question
QUESTION 1 You have received an invite to be the accountant for a client who already has a QuickBooks Online account. Where will you find
QUESTION 1
-
You have received an invite to be the accountant for a client who already has a QuickBooks Online account. Where will you find the Accept Invite button?
Within the client dashboard
This will be assigned to a team member
On your QuickBooks Online Accountant Dashboard
Within the invitation email
5 points
QUESTION 2
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There are four types of items in the Products and Services list. If your client wanted to sell a combination of products and services, such as a computer service, IT support for a year, and a pack of USB sticks (for example), what type would you select from the list?
Non-Inventory
Bundle
Inventory
Service
5 points
QUESTION 3
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What type of Product or Services items is only available in Plus and Advanced subscriptions levels?
Bundles
Non-Inventory items
Inventory items
Services
5 points
QUESTION 4
-
How much is saved for a lifetime of a client's subscription through the wholesale discount?
50%
30%
15%
10%
5 points
QUESTION 5
-
Where can you find the QuickStart template of client onboarding tasks?
In the Apps tab of your QuickBooks Online Accountant firm
In the Work tab of your QuickBooks Online Accountant firm
In the Team tab of your QuickBooks Online Accountant firm
In the ProAdvisor tab of your QuickBooks Online Accountant firm
5 points
QUESTION 6
-
To be listed in the QuickBooks App Center, app must __________. Which option correctly completes the sentence?
Offer a free subscription
Be developed by Intuit
Meet strict requirements and undergo a testing process
5 points
QUESTION 7
-
Look at this statement and decide whether it's true or false.
Once Chris has connected his QuickBooks Online account to his bank, his bank activity is automatically added to his books.
True
False
5 points
QUESTION 8
-
Once a client list is imported, where can the customers from the list be found in QuickBooks Online?
Under the Customers tab in the Sales Center
By running an Accountant report
Under the Customers tab in the Expense Center
5 points
QUESTION 9
-
There are four types of Products and Services. What Type would you select for a collection of Products and Services that you sell together? For example, a gift basket with a collection of specific beauty products.
Service
Non-Inventory
Bundle
Inventory
5 points
QUESTION 10
-
Which QuickBooks subscription allows invoicing and tracking business expenses but does not track account receivable or sales tax?
QuickBooks Online Accountant
QuickBooks Expense
QuickBooks Self-Employed
QuickBooks ProConnect Tax Online
5 points
QUESTION 11
-
What is a vendor?
A customer that needs his tree trimmed
A neighbor that offers to purchase your products.
A business that supplies products for your business
The business that purchases products from another business
5 points
QUESTION 12
-
When would you recommend merging accounts to a client?
If two accounts are being used for the same thing
When the client asks if they can put everything in one account
When a client has added more than one of the exact same accounts unnecessarily
If there are too many account active in the Chart of Accounts
5 points
QUESTION 13
-
A client must already have an existing QuickBooks Online account before an accountant can work with the client?
True
False
5 points
QUESTION 14
-
Once you've imported a customer list, where will you find the customers listed in this client list?
Under the Customers tab in the Sales Center
By running an Accountant report
Under the Customers tab in the Expenses Center
5 points
QUESTION 15
-
The Client Overview is a great way to see your clients account at a glance. What are they key benefits of this? (select all that apply)
Concise subscription information
Recent banking activity stats
Outstanding task reminders
Early indications of banking errors
5 points
QUESTION 16
-
Wholesale billing has three key benefits. What are they? (select all that apply)
Bundling all client subscriptions into one invoice
Direct billing
Faster payments
Easy tracking
Switching anytime
5 points
QUESTION 17
-
If an opening balance of $100 is recorded for a vendor you just added, QuickBooks Online creates a journal entry. Which option from the list below are features of this journal entry?
The journal entry will increase Accounts Payable
The journal entry will decrease the vendor balance account
Details about the bills will be recorded automatically
The journal entry will increase the Opening Balance Equity account
5 points
QUESTION 18
-
The ________________ organizes financial transactions to allow you and your client to analyze the businesss financial data, run financial reports, and prepare for taxes.
Chart of Accounts
Sales Center
Customer List
Profit and Loss
5 points
QUESTION 19
-
Which of the options are true of setting up and editing a Chart of Accounts?
Merged accounts cant be unmerged
Numbers in a QuickBooks Online Chart of Accounts cant be changed
Merged accounts can be unmerged
Deactivated accounts can be reactivated
5 points
QUESTION 20
-
Craig wants to add a new non-inventory product for pesticides. This is something he purchases from a vendor, but he doesn't chart customers for it directly. It's just something he uses as part of his gardening service. What account should he link it to in the Chart of Accounts?
Supplies (expenses)
Pest Control Services (income)
Office Expenses (expense)
Accounts Payable (liability)
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