Module 2 - QuickBooks Retake

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

Bank Center

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

I purchase this product/service from a vendor

Which 3 lists will she find on the All lists window?

- Chart of Accounts -Payment Methods -Attachments

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

In the Payment tab of the Account and Settings

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

You can create a new vendor from the product/service information screen

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

You must add all accounts linked to the online banking user to QuickBooks Online Not all banks and financial institutions support the OAuth bank connection

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

search for app box

What are 2 ways to add a customer to QuickBooks Online?

-Gear icon > IMPORT DATA -Sales > Customers > Add New

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

Firm Master Admin Full Access Team User Custom Team User Basic Team User

Where can a Master Admin Accountant User view the apps connected to a client's QuickBooks Online account from within QuickBooks Online Accountant?

Left Navigation Bar > Apps > Client Apps

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 Expenses screen Expense Screen > Vendor Tab > New Vendors

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

company address also answered customer list.

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

select services You have to Select "Service" in the second Step. Only after that you'll be able to name the Service in the following step. Other options are invalid for given question.

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

Which 3 features should you suggest to your clients to build their brand recognition on sales forms?(Select all that apply)

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

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

Gear icon > All Lists

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

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

- add logo - change invoice fonts - change invoice color schemes

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 -Sending a Sales Receipt to a customer via email -Taking client payment via the Pay Now button on an emailed Invoice

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 -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

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

Firm Apps Tab

Where does the client initiate the setup of QuickBooks Payments?

Gear icon > Account and settings > Payments

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 Answer directly from QB site.