AIS

How do you access QBO Account and Setting?

Gear icon

Financial statements include which of the following two?

Income statement and Statement of Cash Flows

Which of the following does not appear on the QuickBooks Online Navigation Bar?

Owners

What are two ways that we can access and view the Chart Accounts in QBO?

From the Gear icon select Chart of Accounts

Which federal tax return does an LLC (Limited Liability Company) file?

It depends upon how the LLC chooses to be treated for tax purposes

Match the following legal entities with the federal tax return the entity files. 1. Form 1040 Schedule C 2. Form 1120 3. Form 1065 4. Form 1120S

A. Partnership -- 3 B. C Corporation -- 2 C. S Corporation -- 4 D. Sole Proprietorship -- 1

Which of the following legal entities can use QuickBooks Online?

All of the above ( sole proprietorship, partnership, s corporation)

QBO transaction include which of the following?

All of the above (sales, expenses, banking)

Which of the following categories does not appear on the QuickBooks Create (+) screen?

Banking

QuickBooks Online Settings to setup a new company include which of the following two?

Chart of Accounts and Company Settings

Which of the following could be considered three main processes of the QBO SatNav for using QuickBooks Online?

QBO Settings, QBO Transactions, QBO Reports