QB Cert

Chart of Accounts What is the maximum number of characters allowed in the account number field?

7

User Which users will be able to see account numbers if they are enabled?

All users will see account numbers

Apps Which menu area allows you to search for abs by the problem or business process the address?

Browse category

This is a collection of products and services that are sold together, which has the installation of products that include both labor and materials

Bundle - a roofer who provides roofing materials as well as labor costs

Setting Up Product and Service In quickBooks online, the products and services list contains the items that will appear on your clients purchase and sales transactions. What mask each product or service item be mapped to?

Chart of accounts

Billing Options: Direct Discount You're 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

Intuit notifications How old QuickBooks notify you when subscribing to received updates and resolutions on QuickBooks online outages or shut downs?

Email You can also go to the gear icon > notification tab and select from the list of options on what notifications you want to be sent to your email

A list - terms A client would like to add another term to the current list of terms within QuickBooks online where could he go to add additional terms?

Gear > all lists > terms > new

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

Gear icon > accounts in settings > advanced > chart of accounts > enable account numbers

Billing Options: ProAdvisor Discount Program What are 3 benefits of the ProAdvisor Discount Program?

Itemized billing of all firm-build subscriptions. Ability to add, remove or change client subscriptions Up to 30% off subscriptions for your clients

Apps when using QuickBooks online accountant, where can you see which apps are connected to your clients account without signing out of the account?

Left hand navigation > apps

Training materials Where do you go to access QuickBooks online training materials for your client?

Left-hand navigation> pro advisor> benefits> training

Chart of Accounts Before merging to sub-accounts, what do you need to check?

Make sure the names are spelled the same

Client Needs Assessment: Client Needs Assessment: Which resource is available to help scope out your clients' needs?

New client checklist

Products and services If a client does not want to track the quantity on hand of the products they sell, what product/service type should be selected when setting up the item she sells in QuickBooks online?

Non-inventory

Payment methods (gear icon-all list) A client who earns it online e-commerce business would like to track the various types of credit cards she accepts. Which list would she edit?

Payment methods

Subscription Levels Which to QuickBooks subscription levels would support a client who needs to track how much inventory is in stock at any given time?

Plus Advanced

Tracking profitability which two features in QuickBooks online can help a professional service company track profitability by clients?

Projects profit and loss by customer report

Client Needs Assessment: A client just completed a client needs assessment and the results showed that they would require profitability tracking, and needs to complete budgets and purchase orders. What is the minimum QuickBooks online version suitable for this client?

QuickBooks online plus

Chart of Accounts Which two accounts cannot be merged or made inactive?

Retained earnings uncategorized expenses

Preferred vendor a client wants to assign a preferred vendor to one of their existing products. Where would they be able to assign a preferred vendor?

Sales > products and services > click on edit under the action column > scroll to the bottom two preferred vendors drop down

This is Kloots services that are provided to the customer, which as an emergency service call visit or other labor

Service - a doctor, lawyer QuickBooks Pro advisor, tutor etc.

Importing Desktop Data (Gear Icon) If a client has been using QuickBooks desktop to manage their 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

Chart of Accounts Which four statements regarding the charter of accounts is true?

When you specify a sale price rate when setting up products and services, you link them to the chart of accounts To add a new account, open the chart of accounts by selecting accounting for the left navigation, then select new to open the account window the sales product income account is a default account when inventory is turned on You should make an account inactive from the chart of accounts if it is not relevant to our business

Opening balance equity As you take a look at a potential client's QuickBooks online account, you notice that there is a large amount in opening balance equity account. Which reason would be causing this balance?

an opening balance was entered when creating a new other current asset account The opening balance was entered when an inventory item was created

Importing Data Which list types can be directly imported into QuickBooks online from excel?

customers products and services vendors chart of accounts bank data invoices

Products and services Where within QuickBooks online would you set up to show product/service column on sales forms?

gear icon > account and settings > sales products and services

These are products bought and sold where it isn't necessary to track quantity on hand such as small parts used in the installation or delivery of product inventory a unique product requested by the customer

non-inventory - a unique product requested by the customer

Apps Which three are benefits of using apps with QuickBooks online?

they can provide additional insight into various parts of a business they can solve industry specific needs they can reduce time spent on data entry

apps Where are two places you can search for abs that work with QuickBooks online?

www.apps.com the Apps Tab in Quickbooks online Accountant

These are products that are both bad and sold and were where it is necessary to track quantity on hand. You must subscribe to QuickBooks online plus or advance to use this feature.

Inventory (plus and advance ) - retailer or e-commerce business

Chart of Accounts Before merging to accept accounts, what do you need to check?

Make sure the names are spelled the same.

Chart of Accounts A client complains that they are too many accounts to choose from in their chart of accounts. What are two ways you can clean up her chart of accounts to reduce the number of accounts shown?

Merge duplicate accounts make accounts inactive

Client Needs Assessment: Which section in the new client checklist helps you understand your client's needs to determine the features and solutions required?

Client needs assessment

Client Needs Assessment: Which three of these areas does the client needs assessment tool focus on to help gather the information needed to select the right QuickBooks online subscription for a client?

Client profile Features and solutions Needs assessment

overview screen Which four sections of the overview screen can be used to perform a high-level review?

Company set up Banking activity common issues transaction volume

Chart of accounts merging accounts in QuickBooks There are times when it is recommended to merge two accounts together through the client chart accounts, what is the main reason for this?

When the client set up two accounts that are used for the same purpose.