QBO ProAdvisor Test Section 1
Which menu area allows you to search for apps by the problem or business process they address?
Browse category
Where are 2 places you can search for apps that work with QuickBooks Online?
www.apps.com The Apps tab in QuickBooks Online Accountant
Which 2 QuickBooks subscription levels would support a client who needs to track how much inventory is in stock at any given time?
-Advanced -Plus
What are the key benefits of the Client Overview tab? Select all that apply.
-Concise subscription information -Recent banking activity stats -Early indications of banking errors
What are the 3 primary ways to migrate client data to QuickBooks Online?
-Convert data from existing QuickBooks Desktop file -Use the Import data tool -Enter data manually into the QuickBooks Online forms and check registers
Which of the following options are true regarding editing a chart of accounts? Select all that apply.
-Merging accounts isn't possible for all account types -Transactions posted to merged accounts are also merged
What can you do to make sure the app is suitable before recommending it to your client? Select all that apply.
-Read the reviews of the app from customers and other ProAdvisors -Test the app yourself beforehand -Request a demo of the app from the developer
Which 3 are benefits of using apps with QuickBooks Online?
-They can provide additional insight into various parts of a business -They can reduce time spent on data entry -They can solve industry-specific needs -Streamline workflow processes -Security and/or the separation of duties
To determine the scope of a bookkeeping clean-up engagement, you are reviewing the Client Overview tab for a potential client. You notice that there is a large amount in the Opening Balance Equity account. Which 2 reasons could be causing this balance?
-Transactions in the Banking Center were added without assigning an account to them -An opening balance was entered when an inventory item was created -An opening balance was entered when creating a new Other Current Asset account
There are four item types to choose from in QuickBooks Online. 1. These are products bought and sold where it isn't necessary to track quantities on hand, such as small parts used in the installation or delivery of a product 2. This is a collection of products and services that are sold together, such as the installation of a product that includes both labor and materials 3. These are products that are bought and sold, and where it is necessary to track quantities on hand. You must subscribe to QuickBooks Online Plus or Advanced to use this feature 4. This includes services that are provided to customers, such as an emergency service call visit or other labor
1. Non-inventory 2. Bundle 3. Inventory 4. Service
With our ProAdvisor Preferred Pricing, what percentage discount off the list price of a QuickBooks Online subscription can you offer your clients?
30%
What is the maximum number of characters allowed in the account number field?
7
Which users will be able to see account numbers if they are enabled?
All users will see the account numbers.
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
Which 4 sections of the Overview screen can be used to perform a high-level review?
Company Setup Transaction Volume Banking Activity Common Issues
You are adding a new client subscription through QuickBooks Online Accountant. Which billing option would you choose if you want Intuit to bill your client?
Direct discount
Which section in the New Client Checklist helps you understand your client's needs to determine the features and solutions required?
Features and Solutions
Where would he go to add the additional term?
Gear > Account and settings > Sales Terms > New
Where can you enable account numbers for the chart of accounts?
Gear icon > Account and Settings > Advanced > Chart of Accounts > Enable account numbers
Where would you navigate within QuickBooks Online to show product/service column on sales forms?
Gear icon > Account and Settings > Sales > Products and services
How will QuickBooks notify you when subscribing to receive updates and resolutions on QuickBooks Online outages or slowdowns?
In-product alert
When using QuickBooks Online Accountant, Diane Doolittle opens a client's QuickBooks Online company from her Client dashboard. Where can she see which apps are connected to the client's account without signing out of the account?
Overview > Company Setup
Brian just completed a Client Needs Assessment and his client confirmed that she will require profitability tracking, and needs to create budgets and purchase orders in her accounting solution. What is the minimum QuickBooks Online version suitable for Brian's client?
QuickBooks Online Plus
Which 2 accounts cannot be merged or made inactive?
Services Uncategorized Expense Uncategorized Asset Owner's Equity
What are 3 benefits of the ProAdvisor Discount Program?
-Up to 30% off subscriptions for your clients -Ability to add, remove, or change clients' subscriptions -Itemized billing of all firm-billed subscriptions
Which 2 features in QuickBooks Online can help a professional services company track profitability by client?
-Profit and Loss by Customer report -Projects
Which 4 statements regarding the chart of accounts are true?
-Uncategorized Income and Uncategorized Expense are default accounts for online banking activity -You should make an account inactive from the chart of accounts if it is not relevant to your business -To add a new account, open the Chart of Accounts by selecting Accounting from the left navigation, then select New to open the Account window -The Sales of Product Income account is a default account when inventory is turned on
Janice has been using QuickBooks Desktop to manage her business and is planning to switch to QuickBooks Online. What is the easiest way to migrate her data to QuickBooks Online?
Use the conversion tool to convert her existing QuickBooks Desktop data