Question1:

Which option explains how to enable email receipt forwarding in QuickBooks Online?

1. Select Gear > Account and Settings > Expenses > Receipts > Register your email to get started
2. Select Gear > Account and Settings > Advanced > Automation > Turn on receipt forwarding
3. Select Banking > Receipts > Turn on receipt forwarding
4. Select Banking > Receipts > Register your email to get started

Question2:

MB has been using proper workflow for her sales process by creating invoices, receiving payments, and recording deposits using the transaction screens in QuickBooks Online. Most likely she will be able to ___________ downloaded deposits to ____________ transactions in the Banking Center.

1. add, new
2. add, existing
3. match, existing
4. match, new

Question3:;

Which 4 statements are correct regarding the QuickBooks Online Receipt Capture feature?

(Select all that apply)

1. The Receipt Capture feature uses Optical Character Recognition (OCR) technology to read and transform receipt data to QuickBooks Online
2. If QuickBooks Online finds an expense already entered in QuickBooks Online, it will suggest that you match the receipt to the existing transaction
3. You can snap a picture of a receipt, then review, match, or add it directly from the QuickBooks Online mobile app
4. QuickBooks Online will fill in the fields it can for the expense using the OCR data
5. You can assign a payee, account, payment date, category, description, amount, and memo to the expense transaction in the Review scree
6. You can only have one sender email registered to forward receipts in each company

Question4:

QuickBooks Online allows the creation of Bank Rules, but when would you use them? Identify the 3 correct statements.

(Select all that apply)

1. Automatically split a transaction
2. Automatically assign a transaction type
3. Automatically assign a payee to the transaction
4. Automatically delete a transaction
5. Automatically record a monthly journal entry

Question5:

Which 2 statements are correct regarding reconciling a bank account in QuickBooks Online?

(Select all that apply)

1. You can only undo a bank reconciliation via a link in the Accountant Toolbox
2. To successfully reconcile and run a reconciliation report you need to enter the Statement Ending Date and Ending Balance from the relevant bank statement
3. Reconciliations must only be run at period end to estimate tax owed
4. To see the Reconciliation report, select View report after you've successfully reconciled the account

Question6:

Which of the transactions listed here could be made into a recurring transaction? Select as many as are correct.

(Select all that apply)

1. An expense
2. A customer payment
3. An invoice
4. An Adjusting Journal Entry