QuickBooks Online Certification – 2022/2023 Rated A+

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QuickBooks Online Certification – 2022/2023 Rated A+ Marcus runs a small tailoring firm called Tailoring to Your Needs, Inc. in Santa Barbara. He needs something that will help him manage his fin... ances with the help of his accountant. Which product do you think might suit him best? ✔✔QuickBooks Online Dianne's team recently added five new QuickBooks Online client subscriptions to the firm, and Alison, the bookkeeper, just passed her QuickBooks Online Certification exam. How many points will this earn the firm? ✔✔350 - 50 points for each of the five new client subscriptions - 100 points for Alison passing her exam On the QuickBooks Online Accountant dashboard, where would you go to find the best advice for ProAdvisors to develop their businesses and access certifications? ✔✔In the ProAdvisor section, under Your Practice Pedro is a bookkeeper who has taken on some new clients. He now supports a mixture of small businesses and self-employed freelancers. ✔✔QuickBooks Online Accountant When you sign in to QuickBooks Online Accountant, whose books can you directly access and manage? Select all that apply. ✔✔QuickBooks Online client's books QuickBooks Self-Employed client's books Your practice's own books In QuickBooks Online Accountant, what can the + New button be used for? ✔✔It's used to access a range of workflows for customers, vendors and employees Which of the following benefits will you gain by becoming a ProAdvisor? Select all that apply. ✔✔Discounts on software and apps Access to training and support Access to marketing resources Your firm will be listed in the Find-a-ProAdvisor directory How do you earn points for your firm through the ProAdvisor program? Select all that apply. ✔✔When you add a new Self-Employed client When you set up a new client with a QuickBooks Online subscription When a member of your team passes the certification exam Because QuickBooks Online is ________________, files are synced in real time, so you can work with your clients from anywhere, from any connected device. Which of the following correctly completes the statement? ✔✔In the cloud Which of the following tasks should be performed weekly? Select all that apply. ✔✔Record transactions Document and file receipts Review unpaid bills Prepare and send invoices Pay vendors, sign checks Review projected cash flow Now let's see how easy it is to navigate around a client's QuickBooks Online company. Where would you go to find the following accountant-only features? Prep for taxes, Reclassify Transactions, Voided/Deleted Transactions, and Write Off invoice ✔✔Accountant Tools The dashboard give you lots of relevant information, including sales performance, expenses, and banking. You can even set the date range of the information displayed using the drop-down in the top right-hand corner of the panel. What information can you see on the dashboard? Select all of the options that are correct. ✔✔Income and sales data Profit and loss figures Expenses Credit card balances Bank balances Which of the following statements are true of the QuickBooks Online mobile app? (Select all that apply.) ✔✔It syncs with QuickBooks Online on the web: Any task completed in the app updates QuickBooks Online. The same security that protects your QuickBooks Online data on the web applies when you use the QuickBooks Online mobile app. Which of the following are correct statements about a client's QuickBooks Online company? Select all that apply. ✔✔A QuickBooks company is made up of lists and transactions There are multiple entry points for finding different lists and transactions As an accountant user, you have an additional drop-down menu in your client's company Settings and tools can be accessed from the Gear icon Which of the following statements are true of the QuickBooks Online dashboard? Select all the correct options from the list. ✔✔You can see deposits and information on unpaid and overdue invoices You can select a card to go to the Sales or Expenses center You start off in dashboard when you enter a client account Your client wants to know if they can manage their expenses using the mobile app. What do you tell them? ✔✔Yes. They can add expenses on the mobile app and it will automatically sync them with QuickBooks Online Your client complains they have too many expense receipts to keep track of and they keep losing them. Which of these is the best advice? ✔✔They should take a photo of the receipt on their mobile phone and attach it to an expense transaction via the QuickBooks Online mobile app Craig has received several checks from his customers, totaling $2500. He's marking the payments as Received in QuickBooks Online. Which account should he record the payments to? ✔✔Undeposited Funds Take a look at the following customer workflow: Provide service Invoice customer ______________ Take money to the bank __________________ Which 2 steps in QuickBooks Online complete the customer workflow? ✔✔3) Receive payment 5) Create a bank deposit transaction Let's see if we can help Craig by showing him some important information about money his customers owe him. Using the Sales Center, how can you quickly find the overdue invoices in a company's accounts? ✔✔By going to the Money Bar Craig adds another new customer, Cool Cars. He has agreed to payment terms of 60 days. Where can Craig record this information so it appears automatically on new invoices? ✔✔Payments and billing "Transaction forms that reduce the amount owed on a customer's account and record the return of goods" Which transaction type is being described above? ✔✔Credit memo Which of the following are accurate descriptions of the process of creating a sales receipt in QuickBooks Online? Select all of the options that are true. ✔✔You can add a new customer without leaving the process You can use + New to get to the Sales Receipt screen Which is the best definition of an invoice from the options below? ✔✔It's what you send a customer when work has been done and payment is due The ________________ transaction is used to record a sale that was completed and paid for at the time of sale. ✔✔Sales receipt How can your clients quickly see how many overdue invoices each of their customers has? ✔✔By selecting the Overdue area of the money bar in the Customer List Which two of the following are methods of recording a received payment in QuickBooks Online? ✔✔By selecting Receive payment in the + New menu By selecting the Receive payment link next to any outstanding invoice [Show More]

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