Quickbooks Module 1 - retake
Which 4 statements regarding the Chart of Accounts are true?
1. To add a new account, open the Chart of Accounts by selecting Accounting from the Left Navigation Bar, then selecting New to open the Account window 2. Uncategorized Income and Uncategorized Expense are default accounts for online banking activity 3. If you add a new account, the detail type determines which financial statement this account will appear on 4. The Sales of Product Income account is a default account when inventory is turned on
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
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
After Lynda's initial client assessment, she has noted that her client will require inventory management to avoid out-of-stock situations for their merchandise. What business industry type does this best describe?
Retail and e-commerce
Below is a series of steps for accepting an invitation from the client to become their accountant user: 1. Open the email account you use for your Intuit ID 2. You will see an invite from the client company 3. Select the Accept button to accept the invitation 4. ________________________ and you'll see a Success! box 5. Select Continue What is the missing step?
Sign in to your QuickBooks Online Accountant account
In QuickBooks Online, where do you go to see all a company's categories organized into account types?
Chart of Accounts
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 list
Where do you enable account numbers for the QuickBooks Online Chart of Accounts?
Gear > Account and Settings > Advanced > Chart of Accounts > Enable Account Numbers
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 logging out of the account?
Left Navigation Bar > Apps
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
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
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 2 features of QuickBooks Online Advanced aren't available to QuickBooks Online Plus clients?
Unlimited accounts and classes Advanced import and batch entry
You are adding a new client subscription through QuickBooks Online Accountant. Which billing option would you choose if you wanted Intuit to bill your client?
Wholesale billing
