QB Books Cert Study

Using QuickBooks Online Accountant, where can you create a note about a client within the client company?

*Accountant Tools > Notes Gear icon > Account and Settings > Notes Dashboard > Tasks > Notes Overview > Notes

How do you reveal the Setup tab in Books review?

Accounting Tools > Enable Books review setup *Books review > dropdown > Cleanup Account and settings > Advanced > Enable Books review setup Books review > dropdown > Monthly

Which 2 third-party apps can App transactions connect to?

Ali Express Etsy Alibaba *Amazon Shopify *Square Amazon Business

Where is the Banking center within Business View?

*Bookkeeping > Transactions Bookkeeping > Chart of Accounts Apps > Transactions Banking

What are 2 ways to send a message to your client when signed in as an Accountant user?

*Books review > Transaction review > Select Transaction > Ask client *Work > Create client request Accountant Tools > Notes Accountant Tools > Prep for taxes > Message client My accountant > Requests > Create client request

If selecting an alternate language, on which forms does the language preference apply?

*Invoices All sales forms Sales receipts Purchase orders Estimates

Where in QuickBooks Online can Custom fields be accessed?

+ New > Sales > All Sales > Custom fields Gear > Account and Settings > Advanced + New > Customers > Custom fields *Gear > Lists > Custom fields

How many windows can be open simultaneously using the QuickBooks Online Advanced desktop app?

10 *Unlimited 3 5

Which 2 statements are true regarding the new Business view in QuickBooks Online?

A time tracking only user has access to the new Business view *Both client users and accountant users can easily toggle between Accountant view and Business view Accountant users have the new Business view by default *Accountant users who sign their client up for QuickBooks Online will see the new Business View by default The Get things done menu in the new Business view is similar to the dashboard in the Accountant view

Which options are available for aging reports?

Current and Report Date *Prior Period and Report Date All Dates and Report Date Current and All Dates Prior Period and Current

What is one difference between ProAdvisor Discount and Direct Discount pricing, apart from who pays for the subscription?

Discount percentage Ability to upgrade or downgrade Ability to cancel *Duration of discount

Which feature in QuickBooks Online reports allows customization of section headings on the Profit and Loss and Balance Sheet reports?

Display columns by *Edit titles Filter Accounting method Add notes

What are 2 benefits of ProAdvisor Preferred Pricing?

Free upgrades for your clients Ability to pay using cryptocurrency *Itemized billing of all firm-billed subscriptions Ability to choose between monthly or annual billing *Up to 30% off subscriptions for your clients

Where is the new access point for custom fields in QuickBooks Online?

Gear > Tools > Custom fields + New > Customers > Custom fields Gear > Account and settings > Sales > Sales form content *Gear > Lists > Custom fields Gear > Account and settings > Sales > Customize

If your client wants to enable Autopay for a customer, which 3 setup steps are required?

Have the customer scan a void check Enter the bank or credit card information on the recurring invoice template *Set the recurring invoice to be automatically emailed *Set up a scheduled recurring invoice template in QuickBooks Online *Enable QuickBooks Payments on the recurring invoice template Have the customer sign a contract

What new action can you take to quickly update the chart of accounts?

Make unnecessary accounts inactive in batch Select a predefined chart of accounts template Batch-connects accounts to the Banking center Purge and re-import the chart of accounts

To which 3 subscriptions does the ProAdvisor Preferred Pricing program apply?

QuickBooks Checking QuickBooks Online backup *QuickBooks Time QuickBooks Bill Pay by Melio *QuickBooks Online Payroll *QuickBooks Online

How can you inactivate several accounts at once in the Chart of Accounts?

Select the accounts on the Chart of Accounts and choose Make inactive from the Batch actions dropdown Go to + New and select Inactivate accounts from the Other column Add an Inactive column on the Chart of Accounts and put an X in the column Select accounts in the Setup tab of Books review and choose Make inactive from the Add adjustment dropdown

Denise would like team members to be able to add and view notes within the Client details screen. Who would have access to these notes?

Team members with custom access Team members with standard access All team members *Team members assigned to the client

What feature allows the customer to edit the payment date field when viewing an online invoice?

The edit payment date option does not exist Autopay Pick and pay *Schedule pay

Which 2 statements are true about the Opening Balance Adjustments section within the Setup tab from the client's Books review?

The offsetting account must always be Opening Balance Equity *It can be used to enter beginning statement balances in a new company *It can be used to verify that beginning balances from a prior period haven't changed since the last time the tool was used It can be used to create automatic reversals of journal entries for any date It will create a separate journal entry for each account selected

Why should an accountant not apply for QuickBooks Payments on behalf of their client from within QuickBooks Online?

There is a fee for the accountant user to sign up for QuickBooks Payments The company owner is the only person authorized to sign up for QuickBooks Payments The accountant user has no access to sign up for QuickBooks Payments. *The client has a legally contractual obligation when the QuickBooks Payments account is activated

What happens to ProAdvisor billing for clients that signed up through the Wholesale discount program?

Those clients will be stepped down to a 40% discount in 2022 and 30% in 2023 Those clients were automatically switched to the ProAdvisor Preferred Pricing program Those clients will be switched over to the ProAdvisor Preferred Pricing program by the end of 2022 Those clients will continue to be eligible for the Wholesale discount

Which file source has been recently added to importing lists?

Zoho Sheets QuickBase *Google Sheets Word PDF

The QuickBooks Online Advanced desktop app can be installed on which operating system?

iOS macOS UNIX Linux *Windows

What are 2 new tabs within Banking?

*App transactions Credit cards Receipts Rules *Tags

Sarah would like to create a new custom Management report for her client. How can she do this?

*Copy an existing template under Management reports Create a new template under Management reports Copy an existing template under Custom reports and save to Management reports Create a new template under Custom reports and save to Management reports

Which 2 tasks can be performed from the Setup tab in the client's Books review?

*Identify any accounts that have had no activity in the last 90 days *Verify that the chart of accounts has the correct entity-specific accounts Identify any transactions that don't have payees Review any outstanding transactions 90 days or over Identify any accounts that have uncleared transactions

What 3 options can customers select when paying an invoice using Schedule pay?

Dispute the amount being invoiced Request a refund *Choose debit card, credit card, or bank transfer Split the payment among 2 or more payment methods *Edit payment date *Edit payment amount

Which 3 file formats can be used for importing lists directly into QuickBooks Online?

IIF files *XLSX files DOC files ASC files *Google Sheets *CSV files

What type of user can open any subscription level of QuickBooks Online using the QuickBooks Online Advanced app?

Primary admin user Custom user Reports only user *Accounting firm user

Which billing option should be chosen if the client wishes to pay using their own payment method when adding a new client subscription through QuickBooks Online Accountant?

ProAdvisor discount *Direct discount Client billing Accountant discount

QuickBooks Online Accountant firm users can use the QuickBooks Online Advanced desktop app to access what types of client subscriptions?

QuickBooks Online Advanced only *QuickBooks Online Simple Start, Essentials, Plus, and Advanced QuickBooks Online Essentials, Plus, and Advanced only QuickBooks Online Plus and Advanced only

What are the 2 new tabs in the Cleanup screen in Books review?

Transaction review *Wrap-up Final review Account reconciliation *Setup

Which 2 Management report templates appear by default when accessing a client's books via QuickBooks Online Accountant?

*Basic company financials *Expanded company financials Expenses performance Sales performance Profitability performance Company overview

Which 3 predefined Management report templates will a client see in their company file?

*Company overview Expanded company financials *Sales performance *Expenses performance Financial statements Basic company financials

Which 2 tasks can be performed from the Setup tab in the client's Books review? Identify any accounts that have had no activity in the last 90 days Verify that the chart of accounts has the correct entity-specific accounts Identify any transactions that don't have payees Review any outstanding transactions 90 days or over Identify any accounts that have uncleared transactions

*Identify any accounts that have had no activity in the last 90 days *Verify that the chart of accounts has the correct entity-specific accounts Identify any transactions that don't have payees Review any outstanding transactions 90 days or over Identify any accounts that have uncleared transactions

In which 2 situations is Autopay unavailable on recurring invoices?

*On invoices that are over $10,000 On invoices that recur weekly On invoices that recur daily On invoices that are for sub-customers *On invoices that are over $5,000

Which 2 formats can be used for exporting Management report packages in QuickBooks Online?

*PDF Google Docs *DOCX PNG TXT XLSX

What are 4 actions that can be taken in the Wrap-up tab of the client's Books review?

*Prepare reports Cancel an existing QuickBooks Online client subscription Move an existing QuickBooks Online client subscription to your firm Create a new QuickBooks Online client subscription Invite new users to a QuickBooks Online company *Create additional items on the To Do Checklist *Create and send report packages *Close the books

Which 3 data points can be imported into the App transactions tab in QuickBooks Online?

*Quantity *Customer name Bill of materials Bin location *Fee breakdowns Currency

What should you do if you cannot see the Setup tab from the client's Books review?

*Select Cleanup from the dropdown next to Books review Refresh the browser instance Select Prep for taxes > Setup Have the Primary admin user delete you and re-add you as an Accountant user Sign in as the Primary admin user

How can you favorite a client note so that it appears towards the top of the Notes tab in QuickBooks Online Accountant?

*Select the Star icon to the right of the note Change the numbering on the note Use the 3x3 dot block to move the note to the top of the page Edit the note and select Prioritize Select the Pin icon

Which tab of the Books review allows ProAdvisors to view and adjust opening balances?

*Setup Account reconciliation Final review Transaction review

What are 3 customizations that can be done using the Header/Footer section in the Customize reports tray?

*Show or hide the report basis Change the font and size *Show the logo Add extra footer text Change from landscape to portrait Change the font color to any color *Change the header or footer alignment

If a client's customer wishes to set up Autopay, what 2 actions are required?

*Sign in to or create an Intuit account Sign up for a QuickBooks Online subscription Scan and upload a void check *Check the box to turn on Autopay Request an IRS Form W-9 from the merchant

In what 3 ways can a Payments link be delivered to a customer?

*The client can issue a QR code from their phone, enabling the customer to scan and pay from their mobile device The customer can access from QuickBooks Online from Pay & get paid > Vendors > Payments link *Clients can send a Payments link to the customer via text message A Payments link can be uploaded in the client's QuickBooks Online under My Accountant *Clients can send a Payments link to the customer via email

What are 2 reasons for using the Setup screen in the Books review feature?

*To make small adjustments to balance sheet account balances during the cleanup process *To record beginning balances in a new QuickBooks Online company To add vendors to transactions To enable payments in a new QuickBooks Online company To re-index a QuickBooks data file

With the new chart of accounts experience, in which account would you expect to see payments received but not yet deposited?

Bank clearing *Undeposited payments Payments received but not deposited Payments to deposit

Where can you access already-prepared 1099s in QuickBooks Online?

Banking > App transactions *Taxes > 1099 filings Gear icon > Custom form styles + New > Payroll