Quickbooks ProAdvisor Certifcation 2018 Solution
• Q1
• The Chart of Accounts lies at the heart of a QuickBooks Online company. Which 5 of
the
... [Show More] following statements are true about the Chart of Accounts, how to make changes
to the Chart of Accounts, and how products and services are linked to the Chart of
Accounts?
Your answer:
To add a new account, you open the Chart of Accounts by selecting Accounting from the left
navigation, then select New to open the Account window
The Sales of Product Income account is a default account when inventory is turned on
Uncategorized Income and Uncategorized Expense are default accounts for online banking
activity
If you add a new account, the category type determines on which financial statement this
account will show
Delete an account from the Chart of Accounts if it is not relevant to your business
Edit answer
• Q2
• A great feature of QuickBooks Online is that there are other lists you can utilize to
make it easier to fill in forms. Where would you go to find these lists?
Your answer:
Go to the Gear icon and select All Lists
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• Q3
• Look at the following 2 statements:
Statement 1 - “QuickBooks Online _____________ is the do-it-for-me option; a
complete payroll service with a team of US-based payroll experts to take care
of payroll for your client.”
Statement 2 - “You can also link up ____________ with QuickBooks to simplify
workflow and save yourself a significant amount of time. You’ll benefit from a
seamless, end-to-end experience that translates a client’s QuickBooks Online
books into a tax return.”
Identify the products that fit in the spaces to correctly complete the statements.
Your answer:
Full-Service Payroll; ProConnect Tax Online
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• Q4
• Where would you go to add a new vendor or find the link to import a vendor
list into QuickBooks Online?
Choose the most viable method from the options below, although other methods
may be available.
Your answer:
The New vendor button in the Vendors tab of the Expenses screen
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• Q5
• As part of understanding your client’s needs, you should find out what their
sales tax requirements are for their business and locality.
What information is needed to set sales tax up for a client in QuickBooks Online who
only does business in their home state? Select the 4 options you think apply.
Your answer:
Their company address?
When did their current tax period start?
How often they have to file a tax return?
When they started collecting sales tax for the agency?
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• Q6
• If you want to give one or more of your employees access to Your Practice, what
types of user permissions can be set up?
Your answer:
Regular or custom user, Company administrator, Reports only and Time Tracking only
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• Q7
• To set up a new bank feed or link to a bank account in a client’s QuickBooks
Online company you should go to the ___________. If it’s the first time you’ve been
here, select Connect, otherwise select Add account.
Which option completes the statement?
Your answer:
Banking Center
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• Q8
• What would a client select in their Manage Users screen to give their worker access
to create invoices, but not write checks in their QuickBooks Online company?
Your answer:
Select the Limited radio button and check the Customer and Sales box
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• Q9
• Where can you go in QuickBooks Online to import a list of products and services?
Your answer:
Select the Gear icon and under the Tools column, select Import Data, then Products and
services
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• Q10
• You’ve been asked to add a new customer for your client in their QuickBooks
Online company, so, you go to the Sales Center and select the Customer tab to
begin. As this is the first customer for your client you are taken straight to an
easy entry screen.
Take a look at the steps that follow:
1. You enter the customer name, phone number and email from the business
card you’ve been given by the client
2. ____________________
3. You now want to edit this customer’s details to add some further
information
4. Select the customer name from the customer list
5. Select the Edit button in the top right
6. This customer is not taxable and you need to enter their reseller number.
Select the Tax info tab and enter their reseller number 92-12345 in the
Exemption details
7. ___________________ and set their preferred payment method to Credit Card
8. Select Save
Now select the missing steps.
Your answer:
2. Select the Add Customer button; 7. Select Payment and Billing
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• Q11
• QuickBooks Online has some great features. Clients can use Online Invoicing,
which will track when they’ve been viewed and paid. Online Invoicing even
allows for customer queries via online messages directly linked to the invoice.
You now need to enable this feature in the new client company you’re setting
up.
Take a look at the steps below.
1. Select the Gear icon, and select Account and Settings, under the Your
Company column
2. _____________ and scroll down to the Online delivery section
3. _____________ to ensure that Attach invoice as pdf is unchecked
Can you identify the missing steps?
Your answer:
Step 2: Select the Sales tab; Step 3: From the drop-down list select Plain text email
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• Q12
• You want to add a new Product and Services entry to your client’s QuickBooks
Online company. The service is installation of a server but doesn’t include the
cost of the hardware. Here are some steps for getting the job done.
1. Select the Gear icon, select Products and Services, then select New
2. _________________
3. In the Name field, type 'Server installation'
4. In the Sales information field, type 'Server installation'
5. Sale price/rate is $1250
6. In the Income Account drop-down select Service/Fee Income
7. Select Save and close
Which of the options below correctly fills in Step 2?
Your answer:
Select Service
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• Q13
• Your client doesn’t want to pay a monthly fee for their QuickBooks Payments
merchant account. What other option is available to them, and where in QuickBooks
Online can they sign up for QuickBooks Payments?
Your answer:
There is another plan which has no monthly fee with a higher rate per transaction; In the
Payment tab of Account and Settings
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• Q14
• A small business owner already has an Intuit ID and is going to set up their
own QuickBooks Online company. Below are a series of steps for setting up a
new QuickBooks Online company.
1. Go to QuickBooks.com
2. Select the appropriate subscription level
3. Select Sign in
4. ________________
5. Select Sign in
Can you identify the missing step 4?
Your answer:
Step 4: Enter an Intuit ID email address and password
Edit answer
• Q15
• Your client has moved and needs you to modify the business address of the
company in QuickBooks Online.
Take a look at the steps below.
1. Sign in to your QuickBooks Online Accountant account
2. _________________
3. You’ll see the client company dashboard
4. _________________
5. Select Account and Settings
6. Select the Pencil icon in the Address section of the Company tab
What are the missing steps to get you to the screen to edit the address for your
client?
Your answer:
Step 2: Select the client company from the client list in the green header bar; Step 4: Select
Company details from the left navigation
Edit answer
• Q16
• Your client has asked you to turn on warnings for duplicate check and bill
numbers in their QuickBooks Online company.
Take a look at the steps below.
1. ______________
2. Under Your Company, select Account and Settings
3. Select the Advanced tab
4. In the Other preferences section, select the option to warn if duplicate check
number is used and warn if duplicate bill number is used
5. ______________
Starting at the QuickBooks Online Dashboard, which option would complete the
following steps? [Show Less]