QB Section 1

Which subscription options, if any, include bank feeds, access from any device at any time, and integration with a wide range of apps?

QuickBooks Online Simple Start, Essentials, Plus, and Advanced

Which 4 sections of the Overview screen can be used to perform a high-level review?

1) Company Set up 2) Banking Activity 3) Common Issues 4) Transaction Volume

What are the 3 primary ways to migrate client data to QuickBooks Online?

1. Use the Import Data tool 2. Convert data from existing QuickBooks Desktop file 3. Enter data manually into the QuickBooks Online forms and check registers

When would you recommend merging accounts to a client?

1. When a client has added more than one of the exact same accounts unnecessarily 2. If two accounts are being used for the same thing

Samantha is working through the Client Needs Assessment process. Which 4 areas should she focus on to gather information for her client?

1. Who is the Client 2.What services does the client need 3. How will the client work be completed 4. When does the client need their work completed

Which 2 statements are true regarding Intuit-approved QuickBooks Online apps?

1.)You or your client can add apps to the client's account 2.)They must be available via the Apps screen in QuickBooks Online Accountant or apps.com

In QuickBooks Online, the Products and Services list contains the items that will appear on your client's purchase and sales transactions. What must each product/service item be mapped to?

Chart of Accounts

In QuickBooks Online, where do you go to see all a company's categories organized into account types?

Chart of Accounts

Where do you enable account numbers for the QuickBooks Online Chart of accounts?

Gear > Account and Settings > Advanced > Chart of accounts > Enable Account Numbers

The Work section in QuickBooks Online Accountant is a great starting point for planning your new client engagement. What are the first step(s) in the client onboarding workflow?

Meeting with client and gathering information

Which of the following organization structure would most benefit from QuickBooks Online Advanced?

Organizations with between 10 and 100 employees and more than 5 users needing access

Liz just completed a Client Needs Assessment and her client confirmed that he will require profitability tracking, and need to create budgets and purchase orders in his accounting solution. What is the minimum QuickBooks Online version suitable for Liz's client?

QuickBooks Online Plus

You've just taken on a new client, a small business owner, who was managing their books with spreadsheets. What's the recommended first step to begin working with this client in QuickBooks Online?

Select "Add client" in QuickBooks Online Accountant

Which 2 statements about ProAdvisor Preferred Pricing in QuickBooks Online are true?

The practice gets billed at wholesale prices for QuickBooks Online subscriptions The practice gets billed directly and determines the amount to bill the client The client gets billed directly, but the practice determines the price The client gets billed directly when they're signed up for a wholesale discount account