Look at the following two 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.

Full- Service Payroll; ProConnect Tax Online

ProConnect Tax Online; Full- Service Payroll

Sales of Product Income; Chart of Accounts

Full- Service Tax Online; ProConnect Payroll

If you want to give one or more of your employees access to Your Practice, what types of user permissions can be set up?

Regular or customer user, Company administrator, Reports only and Time Tracking only

Company administrator, Time Tracking only

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 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 for the employee tax exemption in QuickBooks. 7................... and set their preferred payment method to Credit Card 8. Select Save

Step 2: Select the Add Customer button; Step 7: Select Payment and Billing

Step 2: Select Payment and Billings Step 7: Select the Add Customer button

Step 2: Select the customer list Step 7: Select "Done"

Step 2: Select Billing and Payment Step 7: Select Save

As a part of understanding your client's needs, you should find out what their sales tax requirements are for 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 4 options you think apply.

Their company address?, When did their current tax period start?, How often they have to file a tax return? When did they start collecting sales tax for the agency?

Their First Name? Their phone number? Their tax return? Their address?

Their Net Worth? Their Routing Number? Their Date of Birth? Their cell phone number?

When did their current tax period start? When did they start collecting sales tax for the agency? Their First Name? Their company address?

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.

The new button in the Vendors tab of the Expenses screen

The new button on the home page

The add button in the Vendors tab of the Expenses screen

The new button in the Vendor list tab

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?

Select the Limited radio button and check the Customer and Sales box

Select give worker access and then check create invoices

Select the Customer and Sales box and check the limited radio button

Select Create Invoice and check do not write check

What are 3 primary ways to get information into QuickBooks Online? 1. Use Import Data Tool 2. Use Export Data Tool 3. Place the data in the formats of QuickBooks Online and check register 4. Use the Attachment tools

1. Use Import Data Tool 2. Place the data in the formats of QuickBooks Online and check register 3. Use Export Data Tool

1. Use Import Data Tool 2. Use the Attachment tools 3. Use the Export Data Tool

1. Use Import Data Tool 2. Place the data in the formats of QuickBooks Online and check register 3. Use the Attachment tools

1. Use the Attachment tools 2. Place the data in the formats of QuickBooks Online and check register 3. Use Export Data Tool

QuickBook Questions

Authored by ANNA MIRABAL

Other

10th - 12th Grade

Used 50+ times

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19 questions

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MULTIPLE CHOICE QUESTION

2 mins • 1 pt

QuickBooks Online has a 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?

Step 2: Select Online invoice from the drop-down list; Step 3: Select the Sales tab

Step 2: Select Save; Step 3: Select the gear icon

Step 2: Under your company, select Account and Settings; Step 3: Select Advanced tab

Step 2: Select the Sales tab; Step 3: From the drop-down list, select Online Invoice

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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?

Step 1: Select Sign in; Step 5: Select the Gear icon under the Tools column

Step 1: Select the Gear icon; Step 5: Select Save

Step 1: Scroll down to the Online delivery section; Step 5: Ensure that Attach invoice as pdf is unchecked

Step 1: Sign in to your QuickBooks Online Accountant account Step 5: Select Account and Settings

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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?

There is another plan which means the customer pays the transactions charge; In the Billing and Subscription tab of Account and Settings

There is no other option

The customer pays the transaction charge

Full-Service Payroll

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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?

Step 2: Select the client company from the Client Switcher drop-down in the green header bar

Select 4: Select the Gear icon

Step 2: Select the Gear icon

Step 4: Select the client company from the Client Switcher drop-down in the green header bar

Step 2: Go to the gear icon

Step 4: Select all lists

None of the above

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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?

Company Dashboard

Go to the Gear icon and select All Lists

Billing and Subscription tab

Account and Settings

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Where can you go in QuickBooks Online to import a list of product and services?

Go to the Tools column, then product and services

QuickBooks.com

Sales Center

Select the Gear icon and under the Tools column, select Import Data, then Products and services

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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?

Step 4: Enter the password

Step 4: Click continue to Quickbooks

Step 4: Enter an Intuit ID email address and password

None of the above

10.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The Chart of Accountants lies at the heart of a QuickBooks Online company. Which 5 of the 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?

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

If you add a new account, the category type determines on which financial statement this account will show

When we set up Products and Services, they are linked to the Chart of Accounts by specifying a sales price/rate

Delete an account from the Chart of Accounts if it not relevant to your business