QBO Review Domain 1

How many authorized users can you have with QBO Plus?

• 1

• 5

• 25

• no limit

What two reports do you compare when migrating data from QB Desktop to QBO?

• P&L

• Balance sheet

• Open Invoices

• Cash Flow

Employees who punch in and out in QBO are authorized users.

• True

• False

Use this icon for things you change once in a while.

• Gear icon

• New Icon

• Help Icon

• Apps Icon

This type of accounting generally provides a company with a better sense of financial health because it looks not only at what you have on hand, but what is coming in and going out in the future.

• Accrual Accounting

• Cash Accounting

Where do you find the "Close the Books" option?

• Settings: Account & Settings: Sales

• Settings: Account & Settings: Usage

• Settings: Account & Settings: Time

• Settings: Account & Settings: Advanced

Tracking by class can let you compare departments, grants, or other funding streams.

• True

• False

Automated Workflows are set up by creating...

• conditions and actions.

• schedules and actions.

• conditions and events.

• schedules and events.

What do you use to track income, material and labor expense for individual contracts?

• Customers

• Projects

• Accounts Payable

• Accounts Receivable

When creating a new customer, what MUST be unique?

• Display Name

• Company Name

• Contact Name

• Company ID number