QuickBooks Online Certification in Australia

11. What does QuickBooks in partnership with Employment Hero offer clients when it comes to payroll?

AAutomation of calculations to help reduce errors, stay compliant and send consistent payslips every pay run

BPayment support to ensure that if clients aren't paid, someone else can foot the bill

CAbility to manage employee information via the employee portal and Swag App

DBoth A & C

12. What information will you need to create an ABA file for payroll?

AThe BSB Number, Account Number, Account Name, Financial Institution Code, Lodgement Reference, the Name of the User Supplying the File, and the APCA user ID.

BOnly the bank information for your client

COnly the APCA user ID and Lodgement reference

DThe BSB Number, Account Number and Financial Institution Code

13. Where would you go to manage employee's information, as well as enabling employee self-service portals?

APayroll\Employees tab\Employee Name

BPayroll\Payroll Settings tab\ Add Employee

CPayroll\Approved Leave tab

DPayroll\Payroll Settings/ Payments

14. What does the "Record as transfer" option allow you to do?

ARecord moving money internally between bank and balance sheet accounts

BRecord client's transferring money between members of your team

CRecord transfers made by your team to clients

DRecord expenses made by your clients for business purposes

15. If you have excluded bank transactions, how would you go about restoring them?

ATransactions\Bank Transactions\For review tab\Check the boxes of the transactions you wish to exclude\Select "Exclude" from the pop up options

BTransactions\Bank Transactions\Excluded Tab\ Check the boxes for the transactions you want to restore\ Select "Undo" from the pop up options

CBanking\Excluded Tab\ Check the boxes for the transactions you want to restore\ Select "Delete" from the the pop up options

DSelect the checkbox and use the keyboard command CTRL+Z

16. Where would you go to create a Bank Rule?

ASelect the Transactions in the left hand side Navigation Bar\Bank Transactions\ Rules tab\ New Rule

BSelect the Sales tab in the Navigation bar\Invoices tab\New Rule

CUsing the Create rule feature found when expanding the transaction within the bank feed

DBoth A & C

17. If you want to add a new client transaction, such as a new invoice, where would you navigate to?

AThe Create icon

BThe Gear icon

CThe Search icon

DThe Client Dashboard

18. Monitoring the flow of cash in and out of a business is vital for any business. What is the name of the colourful bar found in the Sales and Expenses modules that assists in this area?

AReceivables Bar

BPayables Bar

CMoney Bar

DCash Flow Bar

19. How can you create a recurring transaction?

AGear icon\ Lists\ Recurring Transactions\ New

BCreate any new transaction\ Select Make Recurring from the bottom of the screen

CCreate icon, Lists, Recurring Transactions, New

DBoth A & B

20. What are undeposited funds?

AReceipts received that haven't yet been banked

BPayments made to suppliers that haven't yet been banked

CReceipts received that haven't yet been allocated to an employee

DPayments received that haven't yet been allocated to a general ledger account