Q: Direct billing option means?
A: The client pays intuit directly for the QB subscriptions
Q: There are four types of products and services
A:
... [Show More] Inventory, non-inventory, service, and bundle
Q: You want to pass on some of your costs directly to customers in Quickbooks Online. You are able to assign a customer to a cost, but you cannot mark it billable. You need to make costs billable in Quickbooks Online. What should you do?
A: In the account and settings area on the expenses tab, toggle on Make expenses and items billable
Q: Which two statements describe the difference between recording expenses on checks and as credit card expenses?
A: A check debits the expense account and credits Accounts Payable
Q: On your bank's website, you transfer $5000 from your savings account to you checking account to pay bills. You are processing bank feed transactions. You need to record this transaction properly. Which two actions should you perform?
A: Match the saving account transactions to the checking account transactions
A: Mark the checking account transactions as a Transfer
Q: Track jobs and income?
Q: Track transactions by city or region?
Q: Track transactions by departments in a company?
A: Projects
A: Locations
A: Classes
Q: You pay a bill by using a check. You record the transaction in Quickbooks Online. The check is damaged before the vendor can deposit it. You write a new check. What should you do with the original check in Quickbooks Online?
A: Void the check
Q: In Quickbooks online,what is the difference between voiding and deleting a check?
A: 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.
Q: What is a reason for setting up products or services in Quickbooks Online?
A: To have standard terminology for customers on sale forms
Q: You are sending an invoice to a customer. You need to set up the payment terms. What does the payment term of "Net 15" mean?
A: The customer must pay the invoice in full within 15 days of the invoice date.
Q: What are three recurring transaction types in Quickbooks Online? Note: You will receive partial credit for each correct answer.
A: Scheduled, reminder, and unscheduled
Q: True or False Cash Flow Statement: It shows a business assets, liabilities, and equity?
Q: It summarizes the cash flowing in and out of a business?
Q: It is divided into three sections, Operations, Investment, and Financing?
Q: It is another name for an income Statement for companies that use accrual accounting?
A: False
A: True
A: True
A: False
Q: True or False Quickbooks Payments in Quickbooks Online: Quickbook Payments allows you to accept payments directly from customers?
Q: Quickbooks Payments accepts credit cards, debit cards, cash, checks, and ACH bank transfers?
Q: Transaction fees for using Quickbooks Payments are charged on a separate monthly invoice from intuit?
A: True
A: True
A: False
Q: Which two methods can you use to upload a receipt to Quickbooks Online?
A: Email an image directly to QuickBooks online
A: Upload an image directly from your Google Drive.
Q: True or False benefits of extending functionality through apps: Your Quickbooks Online account include free use of all App Store apps?
Q: The Quickbooks App Store is available directly from Quickbooks Online Plus?
Q: Apps that are not fully compliant with Intuit requirements will not connect to or sync with your Quickbooks Online company account?
A: False
A: True
A: True [Show Less]