You are adding a new customer to Quickbooks Online. You are working in the New You own Customer Information form. For each statement about the Display
... [Show More] name as a field, write True or False:
The display name is optional.
True
You are adding a new customer to Quickbooks Online. You are working in the New You own Customer Information form. For each statement about the Display name as a field, write True or False:
2-The display name must be unique.
False
You are adding a new customer to Quickbooks Online. You are working in the New You own Customer Information form. For each statement about the Display name as a field, write True or False:
3-The display name is used to sort customer lists.
True
You are reviewing downloaded bank and credit card transactions. You need to select the correct action for each transaction.
( Add,Match,Split,View)
Creates a new transaction
Add
You are reviewing downloaded bank and credit card transactions. You need to select the correct action for each transaction.
( Add,Match,Split,View)
Categorize parts of a transaction differently
Split
You are reviewing downloaded bank and credit card transactions. You need to select the correct action for each transaction.
( Add,Match,Split,View)
Links the new transaction with an existing transaction
Match
You are reviewing downloaded bank and credit card transactions. You need to select the correct action for each transaction.
( Add,Match,Split,View)
Displays multiple transactions that might match an existing transaction
View
You own a retail clothing store. You are setting up QuickBooks Online for your store. You are adding items that you buy or sell to QuickBooks Online Products and Services. For each item you buy or sell, indicate whether it is an Inventory item or Non-inventory item.
Hangers on which you display shirts
Non-Inventory
You own a retail clothing store. You are setting up QuickBooks Online for your store. You are adding items that you buy or sell to QuickBooks Online Products and Services. For each item you buy or sell, indicate whether it is an Inventory item or Non-inventory item.
Shirts you regularly stock and sell to customers
Inventory
You own a retail clothing store. You are setting up QuickBooks Online for your store. You are adding items that you buy or sell to QuickBooks Online Products and Services. For each item you buy or sell, indicate whether it is an Inventory item or Non-inventory item.
A shirt you order for specific customer but do not usually sell
Inventory
Which three actions can you perform from the QuickBooks Online business dashboard?
Review last month's profit and loss data
Add a new customer
Record mileage for a business trip
For which three reasons would you install QuickBooks online apps
To tailor QuickBooks online for specific
To automate task such as data entry
To add additional data tracking and reporting capabilities
For each statement about QuickBooks Online default user types, write True or False.
Standard users can enter timesheets, add users, update company info, or manage subscriptions
False
For each statement about QuickBooks Online default user types, write True or False.
Time tracking-only and Reports-only user types do not count toward user limits.
True
For each statement about QuickBooks Online default user types, write True or False.
The Mast Admin user is a permanent user account and its controls cannot be transferred or assigned to a new user.
True
An existing vendor decides to purchase products from your company. In QuickBooks Online , you set up a customer account for the Vendor. For each Field , Highlight Yes if the vendor and customer account entries must be unique or No if they can be identical.
First name
No
An existing vendor decides to purchase products from your company. In QuickBooks Online , you set up a customer account for the Vendor. For each Field , Highlight Yes if the vendor and customer account entries must be unique or No if they can be identical.
Last Name
No
An existing vendor decides to purchase products from your company. In QuickBooks Online , you set up a customer account for the Vendor. For each Field , Highlight Yes if the vendor and customer account entries must be unique or No if they can be identical.
Display name
No
An existing vendor decides to purchase products from your company. In QuickBooks Online , you set up a customer account for the Vendor. For each Field , Highlight Yes if the vendor and customer account entries must be unique or No if they can be identical.
Company
Yes
For each statement about Managing unbilled expenses in QuickBooks Online, write True or False.
The Unbilled Costs by Job report displays the unbilled expenses.
True
For each statement about Managing unbilled expenses in QuickBooks Online, write True or False.
If you Clear the Billable checkBox for cost, it is no longer a business expense.
False
For each statement about Managing unbilled expenses in QuickBooks Online, write True or False.
You can change the billable status of cost by selecting or clearing the Billable checkbox on the check.
True
For Which two reasons should you connect your online bank accounts to QuickBooks Online?
To help prevent data errors
To ensure that your data remains secure
Which QuickBooks Online transactions can be made recurring?
Check and Journal Entry
For each statement related to customers and sales tax QuickBooks Online, Write True or False.
The default tax status for new customers is Taxable
True
For each statement related to customers and sales tax QuickBooks Online, Write True or False.
Taxability of a product or service can be changed on the invoice or sales receipt
False
For each statement related to customers and sales tax QuickBooks Online, Write True or False.
If you sell a taxable service to a taxable customer,QuickBooks Online calculate sales tax and adds it to the invoice
True
For each statement related to customers and sales tax QuickBooks Online, Write True or False.
If you sell a taxable service to a non-taxable customer, QuickBooks Online calculates sales tax and add it to the invoice
False
What is a reason for setting up products or services in QuickBooks Online?
To automatically message customers when items are in stocks
Which two statements about credit memos are True?
A credit memo immediately reduces a customer's current open balance.
A Credit memo can be used by customers as payment for an invoice
What information does an Accounts Receivable Aging report present?
Unpaid balances for each customer , grouped by days past due
Highlight each feature to tool from the list for its correct purpose
( Classes, Locations, Projects)
Track job costs and income
Projects
Highlight each feature to tool from the list for its correct purpose
( Classes, Locations, Projects)
Track transactions by city or region
Locations
Highlight each feature to tool from the list for its correct purpose
( Classes, Locations, Projects)
Track transactions by departments in a company
Classes
During a business trip, you pay for expenses using the company credit card. After the trip, you need to upload your expense receipts to QuickBooks. Which two methods can you use? Each answer is a complete solution
Scan each receipt to a PDF file and email the files to QuickBooks Online.
From the QuickBooks Online, take a picture of each receipt by using a webcam.
In What way does the QuickBooks payments feature differ from the traditional payments?
Payments received via QuickBooks Payments can be deposited into QuickBooks Cash Bank Account.
In Quickbooks Online, What is the difference between voiding and deleting a check?
Voiding a check keeps it in reports but reduces its value to zero. Deleting a check removes it from reports other than the Audit Log.
You are entering Journal entries in QuickBooks Online. For each statement about the required information, write true or false
You Must select Save and close to record the journal entry
True
You are entering Journal entries in QuickBooks Online. For each statement about the required information, write true or false
QuickBooks Online automatically inserts the date and the next available journal entry number
True
You are entering Journal entries in QuickBooks Online. For each statement about the required information, write true or false
After you enter the account for the debit transaction, QuickBooks Online automatically enters the account for credit transaction
False [Show Less]