QuickBooks Advanced Certification

Question 40 of 50

Locations can be used to further categorise transactions. Which statement is NOT true about Locations?

ALocations can be organised with sub-locations

BThere are 5 levels of sub-locations

CLocations can be set up with separate settings

DLocations can be assigned to each row of a transaction

Question 41 of 50

Which steps would you follow to create a Profit & Loss report that compares current month to previous month?

ACustomise > Display active rows

BCustomise > Add Subcolumns for Comparison > Previous Month

CCustomise > Rows/Columns > Previous Period PP

DCustomise > Transaction Dates - use last month range > Columns - Total Only

ENo customisation is necessary. Simply view the Profit & Loss Prior Month Comparison report

Question 42 of 50

To favourite or unfavourite reports, select the:

AStar icon

BYou cannot do this on QuickBooks

CFavorite icon

DThumbs up icon

Question 43 of 50

Which of the following reports are only available in the QuickBooks Online Accountant portal?

ATrial Balance

BAdjusted Trial Balance

CProfit & Loss

DBalance Sheet

Question 44 of 50

Report customisation enables you to:

AChange information displayed in the Columns

BFilter by customer, supplier, location, class etc.

CChange information displayed in the Header and Footer

DAll of the above

Question 45 of 50

If you create a custom report that you find useful, you can add the report to a ___ to make it easier to access in the future

AGroup

BCollection

CAssortment

DUnit

Question 46 of 50

To view saved custom reports, go to the:

AReports > Custom Reports

BReports > Saved Reports

CReport > Report Groups

DAll of the above

Question 47 of 50

If you want to automatically send reports to team members or clients, you can use the:

AScheduled email tool in Custom Reports

BThe action column for the report, and select edit, and toggle Set Email Schedule to on

CSave to groups

DBalance sheet then customise

Question 48 of 50

Report groups:

AHelps to keep the list of reports easy to find

BEnables you to send scheduled emails for reports

CEnables groups of reports to be run automatically

DAll of the above

Question 49 of 50

Report customisation:

AProvides you, your team, and your clients, with enhanced insight

BProvides a better understanding of client financial data

CAllows you to add additional reporting fields and criteria

DAll of the above

Question 50 of 50

Custom report automation allows you to:

ASelect different parameters and details for the report

BSelect the time period for the report

CSelect the frequency for the automated report

DAll of the above