Section 2

5. Where should you go to set up a new bank feed or link to a bank account in a client's QuickBooks Online company?

Expenses Center Accounting Center Sales Center ✅ Banking Center

⭐️7. Where does the client initiate the setup of QuickBooks Payments?

Sales > All Sales > New transaction ✅ Gear icon > Account and settings > Payments Gear icon > Account and settings > Sales =+New > Sales Receipt

⭐️11. Where would you go in QuickBooks Online to see the range of default and extra lists that are available?

Sales Center > Settings > All Lists + New button > All Lists ✅ Gear icon > All Lists Sales Center > Settings > Add Lists

⭐️13. Maria wants to research the other lists that may work well for her clients' needs. Which 3 lists will she find on the All lists window?

✅ Chart of Accounts Customers ✅ Payment Methods ✅ Attachments Vendors All Transactions

9. Which 2 team user roles have permission to view and search for apps using the Apps tab in QuickBooks Online Accountant?

✅ Firm Primary Admin ✅ Full Access Team User Custom Team User Basic Team User

13. Where would you go to find all the lists you can use to fill in forms in QuickBooks Online?

✅ Gear icon > All Lists + New icon > All Lists Accounting screen > All Lists Reports screen > All Lists

(Q14) Erin is excited to start adding some personal branding to her invoice template. Where should she go to customize her forms?

✅ Gear icon > Custom Form Styles + New icon > Custom Form Styles Gear icon > Account and Settings Gear icon > All Lists

⭐️2. Which statement is true regarding the Preferred Vendor field in Product and Services items?

You can add more than one preferred vendor to each product/service item ✅ You can create a new vendor from the product/service information screen Preferred vendors must be assigned to utilize the Price rules feature You can reorder your list of preferred vendors

⭐️(Q14) Which 3 options for customizing invoices can you access via the Custom Form Styles > Invoice template?

Change invoice terms ✅ Change invoice color schemes ✅ Change invoice fonts ✅ Add a logo Print on letterhead

6. When first setting up sales taxes for a client, what information will be prepopulated?

Client list ✅ Company address Sales tax filing frequency Class and locations list

⭐️10. On which tab in the Apps Center of QuickBooks Online Accountant would Anette find the apps that are connected to her clients' companies?

Find apps tab Search apps tab ✅ Client apps tab Firms apps tab

11. Which steps should be followed to set up the different types of payments accepted from clients?

Gear icon> Account and settings > Payments ❗️ Gear icon> All Lists > Payment Methods Gear icon> Account and settings > Sales =+New > Check

2. When setting up a product/service item, what box needs to be selected to assign a preferred vendor?

I want to turn on inventory tracking I sell this product/service to my customers I want to choose a new category ✅ I purchase this product/service from a vendor

⭐️8. Your client wants to open a new QuickBooks Payments merchant account. From inside QuickBooks Online, where can they go to sign up?

In the Usage tab of Account and Settings In the Advanced tab of Account and Settings ✅ In the Payment tab of the Account and Settings In the Billing and Subscription tab of Account and Settings

⭐️12. Which are the 3 payroll options available inside QuickBooks Online companies?

QuickBooks Online Do-it-Yourself Payroll ✅ QuickBooks Online Core Payroll ✅ QuickBooks Online Premium Payroll ✅ QuickBooks Online Elite Payroll QuickBooks Online Self-Service Payroll

⭐️1. What are the steps to import a list of products and services in QuickBooks Online?

Select + New icon > Tools column > Import Data > Products and Services Select Accountant Tools > Tools column > Import Data > Products and Services ✅ Select Gear icon > Tools column > Import Data > Products and Services Select Gear icon > Account and Settings > Advanced > Import

1. You want to add a new Product and Services entry to your client's QuickBooks Online company. The service is installation of a server that doesn't include the cost of the hardware. Here are some steps for getting the job done. 1. Select the Gear icon, select Products and Services, then select New 2. _____________________________________________ 3. In the Name field, type Server installation 4. In the Sales information field, type Server installation 5. Sale price/rate is $1250 6. In the Income Account drop-down, select Service/Fee Income 7. Select Save and close Which option correctly completes Step 2?

Select Product Select Inventory ✅ Select Service Select Non-inventory Select Bundle

10. Where can a Primary admin Accountant User view the apps connected to a client's QuickBooks Online account from within QuickBooks Online Accountant?

Select the client from the Client List to open the Client Detail Page > Bookkeeping > View Connected Apps ✅ Left Navigation Bar > Apps > Client Apps In the Connected Apps column on the Client List dashboard Gear icon > Apps > Client Apps

⭐️4. Which of the following buttons could you use to add a new vendor or find the link to import a vendor list into QuickBooks Online?

The New Vendor button in the Vendors tab of the Sales screen ✅ The New Vendor button in the Vendors tab of the Expenses screen The New Vendor button in the Expenses tab of the Expenses screen The Enter Vendor Details button in the Expenses tab of the Sales screen

7. Which 4 methods allow clients to process digital payments from customers using QuickBooks Online Payments?

✅ Running a card through a card reader attached to a mobile device ✅ Entering payments manually as a Receive Payment Taking client payment via cryptocurrency ❗️ Entering payments manually as a Sales Receipt Entering payments manually as a Credit Memo Sending a Sales Receipt to a customer via email ✅ Taking client payment via the Pay Now button on an emailed Invoice

⭐️3. What are 2 ways to add a customer to QuickBooks Online?

✅ Sales > Customers > Add New + New > Add Customer Sales > All Sales ❓ Gear icon > Add Customer Gear icon > Import Data

⭐️9. When searching for apps, which 2 methods can be used on the Find apps tab?

✅ Search for an app box Select Best Apps drop-down ✅ Browse category drop-down Select Essential apps drop-down Purchase an app box

⭐️6. In QuickBooks Online, what 4 data points do you need to set up sales tax for a client who only does business in their home state?

✅ Their company address Whether they have any criminal convictions Whether they travel to other countries ✅ When their last sales tax period started ✅ How often they have to file a sales tax return ✅ When they started collecting sales tax for the agency

(Q14) Which 3 features should you suggest to your clients to build their brand recognition on sales forms?

❗️ Customize your fonts and use a font type that matches the company's branding scheme ✅ Add company logo to customer sales forms Use the standard template with no customization ✅ Add a splash of color that matches the company's branding scheme Select a default payment method

⭐️5. Which 2 statements are true when creating an OAuth bank connection in QuickBooks Online?

❗️ Some banks require the primary account holder to establish the OAuth connection to the bank You must add all accounts linked to the online banking user to QuickBooks Online You can only import 30 days of bank activity into QuickBooks Online ✅ Not all banks and financial institutions support the OAuth bank connection