QuickBooks Advanced Certification - Australia

1. In the Tax Centre you can:

AView Tax payment history

BView Tax Reports

CLodge Business Activity Statements

DAll of the above

2. If GST has been turned on for a file but the business is not registered to report GST, what setting can be selected so that GST is excluded from all transactions?

ACompany settings > Advanced > Default tax rate selection

BCompany settings > Sales > Custom fields

CGST > Rates & Settings

DGST > New Tax

3. Turning on the TPAR setting will automatically activate supplier selection for eligible suppliers.

ATrue

BFalse

4. Your client has subscribed to their own QuickBooks Online file and want you to have access to the file. What do they need to do to allow you as an Accountant User, access to their file?

AYour client creates a login I.D. and password for you

BYour client pays for an extra user so that you can be added

CYour client purchases a subscription to QuickBooks Online Accountant

DYour client invites you to become an Accountant User from their Manage Users screen

5. What should you do if you need to work on a different client file at the same time as your current client?

AGo incognito in your browser

BDuplicate the tab

COpen a different browser

DGo to left navigation

6. In which of the Company Settings tabs would you setup multi-currency?

ACompany

BSales

CExpenses

DAdvanced

7. Regarding multicurrency, an Exchange Gain/Loss account is created automatically. Where is it located?

AOn the paying customers account

BOn the Profit and Loss

COn the Balance Sheet

DAll of the above

8. To import customer data, go to Sales on the Sidebar and then:

ACustomers > New Customers > Import Customers

BAll Sales > New Customers > Import Customers

CProducts and Services > New Customers > Import Customers

DInvoices > New Customers > Import Customers

9. To import products and services data, go to Sales on the Sidebar and then:

ACustomers > New > Import

BAll Sales > New > Import

CProducts and Services > New > Import

DInvoices > New > Import

10. QuickBooks Online allows certain lists to be imported. This is a great option when starting a clean accounting file. When importing in a list, which of the following is not true?

AA sample file can be used to template each import list type

BAll data fields must have information added in order for the import to be successful

CCorrections can be made to the imported list directly in the preview screen

DProducts and Services are the last list that should be imported