Quickbooks Online Domain 3 and 4

Adam works for a company that sells both product and services. He has been tasked with finding a QBO plan that will allow 5 users? Which plan

Plus

All of the fields below are fields that can be edited when changing the email sent to the customer with their invoice except which two?

Priority and from address

For each statement below, determine whether it is related to Quickbooks payments or traditional Receive payments

Quickbook payments: These are automatically deposited in to your bank account. Your customer clicks a link on their invoice email to pay via credit card. Recieve payments (Traditional): You must deposit these in the bank. You recieve a check from your customer.

Which types of checks are available for a user through the QBO print checks setup page

Standard and voucher

For each statement about the chart of accounts, identify if the statement is True or False.

True: Account numbers can be used, but do not have to be. False: All accounts must have a type. Detail types are optional. Accounts with "fixed assets" would appear on the profit and loss report.

For each statement below, identify if the statement is True or False.

True: you can enter a check if the vendor field is empty and you can enter an expense if the payee field is empty. False: you can enter an bill if the vendor field is empty

What are 3 methods for uploading receipts to quickbooks online?

Upload from computer, forward from email, and upload from google drive.

When should you not delete a check?

You printed a check, and the check number has been used.

Select the two statements below that are correct as it relates to merging vendors

Merging of vendors cannot be undone, to merge vendor A into Vendor B you should edit the display nameof vendor A to match B.

How do you track accounts payable in QuickBooks?

1. enter a bill; 2. pay the bill in the pay bills window

The vendor that is used to provide all your office supplies has changed your payment terms. Put the steps in order for how to change the payment terms for the vendor in QuickBooks Online. Assume the term is already in the Terms list. Not all steps will be used.

1: select expenses from the left hand navigation 2: select vendors tab 3: click name of vendor u want 4: select edit 5: change the term to new term 6: select save and close

Vendors who have been paid more than ______ within the year must be sent a 1099 form for their taxes.

600

What is a money out transaction?

A transaction for which a user is paying.

When should you select your checking account as the payment account on an expense form?

All of the answers r correct

To add a reciept to qbo online from computer what do u click?

Banking

Which information is found in the header of a sales form? choose 3 answers.

Business name, phone number, email address

How would you enter a transaction that wont be downloaded from an online bank account in which you paid for a service using a debit card.

Click on the +New icon and select expense. Fill out the expense and use Debit card as payment method.

What transaction should you enter when a customer returns a damaged product that they have not yet paid for?

Credit memo

Harold needs to import vendor information into QuickBooks Online account. Which three file types would be acceptable for Harold to use for the import?

Excel Google sheet CSV

Quickbooks can only be linked to checking accounts.

False

Andrew is deciding on a rule name for a new bank rule he is creating. Which 3 rules would he be able to use?

Internet Bill 1, Webworld-Internet Bill, and Internet Bill

Why would a vendor issue a vendor credit? Choose 3 answers.

To lower the balance of a bill, to refund a purchase, and to be used toward a future purchase

In which situations is expense tracking useful?

To see whether a project is making profit. To compare different projects and their profitability.

Choose two features available on the Plus plan that are not available on the simple start plan.

Track time Manage and pay bills.

Which type of transaction is entered automatically into Quickbooks.

bank feed transaction

Which form cannot be customized in QuickBooks?

bill

Which payment has a fee included?

credit card

Quickbooks will create a 1099 form of every vendor on the vendor list.

false

Merging vendor accounts is __________.

permanent

You mailed a check to pay your monthly rent. The check was lost in the mail and was never cashed. What should you do with the check in QuickBooks?

void the check