Quickbooks Online Practice Test-Books Pdf

QuickBooks Online Practice Test
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QuickBooks Online Practice Test, QuickBooks Online Practice Test. Table of Contents,QuickBooks Online Practice Test 3. QuickBooks Online Practice Test Answer Sheet 9, Accounting Training Unlimited www atunlimited com info atunlimited com Page 2. QuickBooks Online Practice Test, QuickBooks Online Practice Test. 1 When you re working in QuickBooks Online you ll spend most of your time using a. form a list or a ,A Register,B Chart of Accounts,C Report.
D Graph, 2 Which customization would quickly condense the size of a Profit Loss report . A Filter the report to show only certain date range. B Click collapse on the report to show only parent account subtotals. C Set the total income to be summarized by customer instead of summarized by. account, D Add sub columns to include previous year amounts and difference between. current and prior year amounts, 3 When you click the Paycheck List tab it will automatically take you back to the. Payday tab to View and Print a check Delete a check or Modify the Check s . A True,B False, 4 Lists save you time and help you enter information consistently and correctly . A True,B False, 5 You can set up custom pay rates for certain employees .
A True,B False, Accounting Training Unlimited www atunlimited com info atunlimited com Page 3. QuickBooks Online Practice Test, 6 You can customize any QuickBooks Online reports to show exactly the data you. want ,A True,B False, 7 You can enter credit card charges when you charge an item or when you receive. the bill Your choice depends on whether you like to enter information into. QuickBooks Online incrementally or all at once ,A True. B False, 8 Using the Company Setup Process to create a new QuickBooks Online company .
QuickBooks asks you questions about the type of business you own It uses your. answers to get you started quickly by setting up the appropriate accounts and lists . A True,B False, 9 If your QuickBooks Online start date is before today s date you also need to enter. past transactions so that you have complete financial records from the start date. forward ,A True,B False, 10 The chart of accounts is the framework used to categorize the information and. transactions used to create reports By using a chart of accounts and creating. reports you ll always know the current state of your business . A True,B False, Accounting Training Unlimited www atunlimited com info atunlimited com Page 4. QuickBooks Online Practice Test, 11 QuickBooks Online lists organize a wide variety of information such as . A Data on customers,B Vendors,C Inventory items,D All the above.
12 In the vendor center if you notice two or more similar names that refer to the. same vendor what would you do to clean up the Vendors list . A Merge the similar vendor names,B Delete the incorrect vendor names. C Create a parent account for each vendor, D Collapse each vendor in the Profit and Loss report. 13 The Payment and billing tab is where you record information about each. customer s preferred payment method and default terms For customers who pay by. credit card you cannot enter credit card numbers and expiration dates . A True,B False, 14 When you receive a bill from a vendor you should enter it into QuickBooks. Online as soon as you can ,A True,B False, 15 When you pay a bill through the Pay Bills page QuickBooks Online makes an. entry in the accounts payable register showing a decrease of the total payables It. also creates a check from your checking account to pay the bill . A True,B False, Accounting Training Unlimited www atunlimited com info atunlimited com Page 5.
QuickBooks Online Practice Test, 16 Which account register do you open to view checks that have cleared . A Checking account,B Accounts receivable,C Cash on hand. D Uncategorized income, 17 Which of these vendor related transactions cannot be launched with one click. from the Quick Create menu ,A Create new vendor,B Write Check. C Cash Expense,D Vendor Refund, 18 You can reconcile any QuickBooks Online bank account including accounts for.
savings and money market funds ,A True,B False, 19 Which of the following statements regarding App subscriptions for QuickBooks. Online is accurate , A To add an app go to the app developers website and subscribe to it Then give. permission to sync with QuickBooks Online, B To add an app from QBO go to Intuit and click Find More Apps and try it for free. C To add an app from QBO click Apps in the life navigation bar search for the app. and try if for free, D To cancel or manage an existing app subscription go to the Intuit anywhere blue. dot and click go to my apps, 20 Which of the following is a feature of QuickBooks Online Payroll .
A Client submits payroll tax payments and forms,B Export to QuickBooks Desktop for Win Mac. C Pay employees by direct deposit or print paychecks. D Access from a separate website outside of the QuickBooks Online account with. central client list, Accounting Training Unlimited www atunlimited com info atunlimited com Page 6. QuickBooks Online Practice Test, 21 You enter statement charges one by one as you perform services for the. customer or vendor ,A True,B False, 22 Which of the following best describes Location tracking . A Report on profitability by location,B Customize the terminology as Entity.
C Categorize line items on a bill to different locations. D Cannot be used in combination with Class tracking. 23 Unbilled time and costs can be viewed from multiple access points including. which of the following ,A The Customer Center s Money Bar. B The Quick Create function submenu options,C The Search function. D The Vendors tab, 24 Where can you find the transfer funds function in QuickBooks Online . A Banking tab,B Home page,C Quick create,D Transactions tab. 25 Each client can choose the default reporting basis to be accrual or cash Where in. QuickBooks Online is the default reporting basis chosen . A Reports All Reports Business Overview,B Tools Company Settings Tax From.
C Reports Profit Loss Customize Select report basis. D Company Settings Account and Settings Advanced Accounting. Accounting Training Unlimited www atunlimited com info atunlimited com Page 7. QuickBooks Online Practice Test, 26 Why is setting a closing date and a password strongly recommended . A It populates the audit trail,B It sends an automatic email to the accountant. C It prevents a client from making changes to a closed period. D It creates a new Discrepancy Account in the Chart of Accounts. 27 Which of these Company Settings must be selected to activate online invoices . A HTML emails,B Include invoice as PDF attachment,C Include sales forms as PDF attachments. D Email a link to customers to pay invoices online. 28 To set up overtime pay you do add it as an hourly rate . A True,B False, 29 If you work with several companies you ll be working with multiple QuickBooks. Online company files You can change from one company file to another at any time . but you can have only one company file open at a time in a single browser . A True,B False, 30 The Customer Money Bar helps you manage collecting payments from your.
customers It lists all overdue and almost due invoices in a single place . A True,B False, Accounting Training Unlimited www atunlimited com info atunlimited com Page 8. QuickBooks Online Practice Test, QuickBooks Online Practice Test Answer Sheet. Name , Please Print , 1 A 16 A, 2 B 17 A, 3 A 18 A. 4 A 19 C, 5 A 20 D, 6 A 21 B, 7 A 22 A, 8 A 23 A, 9 A 24 C. 10 A 25 D, 11 D 26 B, 12 A 27 D, 13 B 28 B, 14 A 29 A.
15 A 30 A, Accounting Training Unlimited www atunlimited com info atunlimited com Page 9.


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