QuickBooks Advanced Certification - Australia

1. After reviewing a client's books, you observe some banking transactions have been altered since they were reconciled. Where can you view changes made to a bank account's reconciled period?

• AChart of Accounts
• BReconcile Screen
• CAccountant tools
• DDownloaded Banking Transactions Screen

2. Linking bank accounts and credit cards enables:

• AManual Bank feeds
• BAutomatic Bank feeds
• CNon-automatic bank feeds
• DOnline access

3. To review transactions that have been added via the automatic bank feed, go to the:

• AFor Review
• BIn QuickBooks
• CExcluded
• DAll of the above

4. If you need to add historical bank transactions, go to Banking in the sidebar, select update and then:

• AFile upload
• BHistorical data upload
• CTransactions
• DActions

5. Once you've reviewed matches for banking transactions, they will be moved to the:

• AIn QuickBooks Tab
• BFor Review Tab
• CIncluded
• DExcluded Tab

6. The Audit Log maintains a history of each financial transaction. What information can the audit log be filtered for?

• ADate
• BUser
• CSpecific events
• DAll of the above

7. Which of the following tasks can be performed using the Create (+) feature in QuickBooks Online?

• ACreate a new user
• BCreate a new account
• CCreate new customers and suppliers
• DCreate new transactions
• EReconcile bank account

8. Where can you create a new product or service in QuickBooks Online?

• ATools menu > Other Functions
• BCreate > Lists
• CGear Icon > Lists
• DCreate > Other

9. Bank rules:

• ACategorise bank transactions automatically
• BChange the price of a product or service depending on factors such as the date or customer
• CCategorise bank transactions manually
• DCreate automatic banking feeds

10. Which of the following statements accurately describes bank rules?

• ABank rules are company settings used to restrict certain users from accessing the banking transactions
• BBank rules allow users to specify the frequency that QuickBooks Online downloads transactions from the bank
• CBank rules are set up by users to allow QuickBooks Online to populate transaction fields with specified information
• DBank rules are set by QuickBooks Online to automatically match downloaded transactions to manually entered transactions to inventory
• EBank rules are set up by users to allow QuickBooks Online to automatically post downloaded transactions to the bills register