QBO ProAdvisor Test Section 3

When using the Copy to purchase order feature from within an estimate, where do you need to turn on the Use purchase orders setting?

Account and Settings > Expenses > Purchase orders

What are 2 ways to start a Credit memo in QuickBooks Online?

+ New > Credit memo Sales > All Sales > New Transaction > Credit Memo

In which 2 ways can you create a customized template for a project?

-Create a template from scratch -Duplicate a QuickStart template

Which common workflow error can cause duplicate expenses in QuickBooks Online?

-Creating a bill to record a vendor expense, and creating a check to the vendor for the same expense

Which 2 status options can be selected when changing the status of a task?

-In review -Completed

QuickBooks Online Accountant allows you to request information from your clients. Which 3 statements about the Client request functionality are correct?

-To update the status of a client request, select the request and then the Status drop-down -You can start the process by selecting Create client request on the Work screen -You can check the Notify client box to send the client an email notification

What are 2 tools you can use to identify possible issues in a QuickBooks Online Company?

-Transaction Journal report -Audit Log

What is the maximum number of accounts allowed within the chart of accounts in QuickBooks Online Plus?

250

What are 4 status types that can be assigned to an estimate in QuickBooks Online?

Accepted Rejected Pending Closed

A QuickBooks Online user wants Credit memos to automatically apply to open invoices. Where must the Automatically apply credits setting be turned on?

Account and Settings > Advanced > Automation

Which user has access to the Voided/deleted transactions tool?

Accountant user

Xavier wants to download an itemized invoice for the QuickBooks Online subscriptions on his preferred pricing account for last month. The statement can be downloaded in which 2 file types?

CSV PDF

Which feature helps streamline the purchasing process once a customer approves an estimate?

Copy to purchase order from an estimate

What is the correct process for setting up a recurring project for the same client?

Create a new project and use the Repeat slider to turn it on, then set the frequency and duration

Jane has just recorded customer payments against open invoices and does not see the payments on the Bank Deposit screen. What field should she review on the Receive payment screen?

Deposit to

Which of these statements about estimates in QuickBooks Online are true? Select all that apply.

Estimate data can be used to create a purchase order in QuickBooks Online Estimate data can be used to create an invoice in QuickBooks Online

What are the 3 types of user permissions you can choose from in QuickBooks Online when adding new team members to your firm?

Full access Basic access Custom access

Where do you go to change your Work notifications within QuickBooks Online Accountant?

Gear icon > Company settings > Notifications > Work notifications

Josie's client is rapidly growing and needs to upgrade their current subscription level of QuickBooks Online. If Josie pays for the subscription, what steps will she take to upgrade her client?

Gear icon > Subscriptions and billing > Accountant-billed subscriptions tab > Subscription

What is the best practice sequence of steps to convert an estimate to a purchase order?

Open estimate > down arrow next to Create invoice > Copy to purchase order

Which filter can be used to find a specific project when in the Work area?

Project name

What are the steps to create a new estimate in QuickBooks Online?

Sales > All Sales > New Transaction > Estimate

Heather just received a customer payment and selected Undeposited Funds as the Deposit to account. Later that day she created a deposit transaction to group all the payments taken to the bank. Where can she view what has been deposited?

Sales Center > All Sales > select Paid on the money bar

Liz's Liquor Depot wants to know the easiest way to let her customer know which invoices are still unpaid on their account. Which feature in QuickBooks Online can Liz use to easily provide this information to the customer?

Statement