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Which 3 conditions could lead to the beginning balance of a bank or credit card reconciliation being inaccurate?

A reconciled transaction's amount was changed A reconciled transaction was deleted A reconciled transaction's status was changed to not reconciled

What are 2 features QuickBooks Time Elite has that Premium does not?

Ability to use geofencing Ability to analyze project estimates versus actuals

Where should clients who want to apply credits manually go to disable this option?

Account and Settings > Sales > Automation

Which 2 of these statements about setting up and editing a chart of accounts are correct?

Account names can be edited Deactivated accounts can be reactivated

How would QuickBooks Online alert you of a discrepancy in the beginning balance when reconciling your clients' accounts?

An alert will be displayed in the reconcile tab, stating that the account isn't ready to be reconciled yet, as the beginning balance is off

Which 3 statements regarding bank rules are true?

Bank rules can be prioritized Bank rules can be copied, edited, or deleted Bank rules can automatically add transactions tothe register

to make receipt forwarding active, you'll need to enable a

Banking Centre > Receipts > forward from email.

What 3 file formats can you use for importing lists directly into QuickBooks Online?

CSV files Excel files Google sheets

Your client wants to add an additional tag to transactions on an invoice. However, the tag isn't on their existing list of tags.

On the invoice, start entering the tag name in the Tags field, then select + Add from the pop-upSelect the Manage tags link on the invoice, followed by Create tag. Then enter the tag name

Which report would you use to show the least popular products?

• Sales by Product/Service Summary

Which are 2 open issues that you can view from the Transaction review tab?

• Undeposited funds Transactions posted to the wrong period

There are four item types to choose from in QuickBooksOnline.

This includes services that are provided tocustomers, such as an emergency service callvisit or other labor. Service This is a collection of products and services thatare sold together, such as the installation of aproduct that includes both labor and materials. Bundle These are products that are bought and sold,and where it is necessary to track quantities onhand. Inventory (in QuickBooks Online Plus andAdvanced only) These are products bought and sold where itisn't necessary to track quantities on hand, suchas small parts used in the installation or deliveryof a product. Non-inventory

Which tab in the Books review menu allows you to view and adjust balances for balance sheet accounts?

final review

Your client needs a QuickBooks Online solution that includes tracking for: Sales Sales tax Inventory What is the minimum subscription level in QuickBooks Online you would recommend?

plus

What's used to validate the bank and credit card account balances on a balance sheet?

Reconciliation reports

What 3 transaction types can you assign in a rule for money-in transactions?

Sales receipt Invoice payment Credit card payment

What are 2 ways to begin setting up a recurring transaction in QuickBooks Online?

Select the Make recurring option at the bottom of the desired transaction Gear > Recurring transactions

What 4 things can be done in the Wrap-up tab of Books review in QuickBooks Online Accountant?

1) Prepare Reports 2) Send Report Package 3) Close the books 4) Create an additional to do Checklist

What are 3 benefits of the pay down credit card feature

1. It prevents miscategorization of credit card payment transactions 2. It prevents common errors that affect the company's financial statements 3. It allows users to electronically pay their credit card balances from within QuickBooks

in which 3 ways can a payments link be delivered to a customer

3.Clients can send a Payments link to the customer via email 4.The customer can access from QuickBooks Online from Pay and get paid > Vendors > Payments link 5.The client can issue a QR code so the customer can scan and pay from their mobile device

For clients with a QuickBooks Online Plus account, what's the maximum number of billable users?

5

What's the maximum number of conditions that can beset for a bank rule?

5

Why might an Accountant user not see the Exceptions to Closing Date report in a QuickBooks Online company?

A closing date has not been set in the company

Where can she see which apps are connected to the client's account from within the client's QuickBooksOnline company?

Overview > Company Setup

Which 4 list types can be directly imported intoQuickBooks Online from Excel?

Products and services Customers Vendors Chart of accounts

how can you find the exceptions to closing date report

Reports > for my accountant

What are 2 ways to start a credit memo in QBO?

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

Why might this happen?

They have turned off the setting to track quantity and price/rate

While preparing your client's books for year end, you find some transactions that may not have been appropriately recorded. In which 2 of these cases could you use the Reclassify transactions tool?

To change the expense account for billable expenses, but not the income account for the related income transactions To change the class and/or location for invoices, sales receipts, checks, or bills with items (products or services) on them

Which 2 statements about creating a client request in QuickBooks Online Accountant are true?

A document request appears in the client's QuickBooks Online company in the My Accountant menu A document request notification can be sent via email by selecting Notify client

What 3 fields can be found in the Reclassify Transactions screen?

Account type Transaction type Date range

As an accountant user, where can you access and begin reclassifying transactions?

Accountant tools > reclassifying transactions

Who would have access to these notes?

All team members

What are 2 ways to use a vendor credit in QuickBooks Online?

Apply it to a credit memo Apply it to an existing bill

Which report indicates when QuickBooks Online users signed in and out?

Audit Log

Which 4 transaction types can be made into recurring templates?

Bill Deposit Invoice Transfer

Your client has been using the QuickBooks Online Mileage Tracker throughout the year. It's nearing year-end and you are preparing the log for auto expense deduction. Which 3 of the tasks below should be completed to prepare the log for auto expense deductions at year end?

Check the calculated mileage Look for vehicle changes (bought or sold) Ensure no trips are left unreviewed Check Answer Continue training

Which section in the New Client Checklist helps you understand your client's needs to determine the features and solutions required?

Client Needs Assessment

How would she accomplish this?

Create a new template under Custom reports and save to

Which 3 of these can you do from the Teams menu in QuickBooks Online Accountant?

Create tasks and projects for users Send messages to team members • Add a new accountant user

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

Creating a bill to record a vendor expense, and creating a check

What 2 aging options are available for aging reports?

Current and Report Date

Which list records can be updated with new information via importing?

Customer

What are 2 reports that can be filtered by customer type?

Customer Contact List Sales by Customer Type Detail

What 2 formats can be used for exporting management report packages in QuickBooks Online?

DOCX PDF

Which 2 actions can be performed on a vendor in theVendor center in QuickBooks Online?

Edit Make inactive

Which feature in QuickBooks Online reports allows you to customize section titles on certain reports?

Edit titles

if your client wants to enable autopay for their customer, which 3 setup steps

Enable online payments on the recurring invoice template. Have the customer provide a voided check. Set up a scheduled, recurring invoice template in QuickBooks Online.

When an excluded transaction is reinstated, which tabin the Banking center will it appear under?

Excluded

Which 2 management report templates will be seen by default when accessing a client's books via QuickBooksOnline Accountant?

Expanded company financials Basic company financials

Which 2 management report templates will be seen by default when accessing a client's books via QuickBooks Online Accountant?

Expanded company financials Basic company financials

Where will the current transactions appear if Auto-add wasn't selected when creating a bank rule?

For review tab

What are 2 ways to check a client's subscription level in QuickBooks Online Accountant?

From the Company Settings screen from the Gear icon From the Subscriptions and billing screen from the Gear icon

What 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 the chart of accounts has the correct industry- and entity- specific accounts

Which report shows the book (purchase or cost) value of inventory items with quantity on hand?

Inventory Valuation Summary (or Detail)

Which 4 transaction types can be made into recurring templates?

Invoice Bill Transfer Deposit

Which 2 options are benefits of using the Close the books feature?

It can prevent users from changing transactions in a closed period It keeps track of any changes made after the closing date was set to closed period transactions

What happens when QuickBooks Online doesn't find a rule that applies to a transaction?

It leaves the category (account) field blank

Which statement is true about the Reconciliation Discrepancy report?

It's always visible, even if discrepancies have been fixed

What are 2 ways you can clean up her chart of accounts to reduce the number of accounts shown?

Make accounts inactive Merge duplicate accounts

Where would you go to review your client's expense account to see if any transactions have been miscategorized?

Reclassify transactions from Accountant Tools

As an accountant user, where can you access and begin reclassifying transactions?

My accountant > Reclassify transactions

Which report displays the business's Profit and Loss in picture form?

Profit and Loss Graph

What is the minimum QuickBooks Online version suitable for Brian's client?

QuickBooks Online Plus

What is the default filter that is automatically applied when reconciling an account in the Reconciliation dashboard

Statement ending date

Which 3 types of customer statements can QuickBooks Online generate?

Statements that show a balance forward and then all activity between two specified dates Statements that show invoices created between two specified dates and their related payments Statements that show only open transactions

Where can you enable account numbers for the chart of accounts?

The Advanced tab in Account and Settings

Which statement is true about the transfer feature

The Transfer feature can be used to move funds between two balance sheet accounts

What are 3 workflow tabs in the Books review center?

Transaction review, Account reconciliation, Final review

nina is using books review to complete a month-end close for a client. what are 3 workflow tabs in the book review center?

Transaction review, Account reconciliation, Final review

Which 3 statements are correct regarding reconciling a bank account in QuickBooks Online?

Transactions added or matched in the Banking center are automatically marked tentatively cleared To view the reconciliation report, select History by account To begin the reconcile process, you need to enter the statement

Which 2 accounts cannot be merged or made inactive?

Uncategorized Expense Retained Earnings

What are 2 benefits of the ProAdvisor Preferred Pricing program?

Up to 30% off subscriptions for your clients Itemized billing of all firm-billed subscriptions

You need your client to send you a copy of a paper receipt so that you can match it to a gas expense in their QuickBooks Online. You create a client request and add a screenshot of the expense entry in QuickBooks Online to help your client identify which receipt they're looking for. How do you ensure the client receives an email notification to alert them about the new request for information?

When creating the request, ensure the Notify client slider is on

in which scenario would you use a bank deposit transaction

When your client wants to record an SBA loan amount received

What is one way to communicate with your client from QuickBooks Online Accountant?

Work > Create client request

What statement is true about the Additional Items in Books review?

You can create a checklist of any tasks you want, along with hyperlinks, if available

what statement is true about the additional items in books review

You can create a checklist of any tasks you want, along with hyperlinks, if available

Which 2 options are benefits of using the Recurring transactions feature in QuickBooks Online?

You can use recurring Sales receipts withQuickBooks Payments You can create recurring Bill payments to automate the accounts payable process