QuickBooks Online Quiz

What is one way to categorize transactions in QuickBooks Online?

• Ignoring transactions

• Using Bank feeds

• Manually entering each transaction

• Creating new accounts

Which account should personal expenses be categorized under in QuickBooks Online?

• Assets

• Expenses

• Income

• Equity

What is the purpose of creating vendors in QuickBooks Online?

• To track expenses

• To track income

• To track assets

• To track liabilities

How can you quickly categorize multiple transactions in QuickBooks Online?

• Delete the transactions

• Ignore the transactions

• Manually enter each transaction

• Use Bank feeds

What is the benefit of using the register in QuickBooks Online?

• Faster data entry process

• Slower data entry process

• Limited functionality

• No categorization options

Where can you find the chart of accounts in QuickBooks Online?

• Under the help section

• Under the report section

• Under the profile settings

• Under the gear menu

What should you do if the category you are looking for is not available in QuickBooks Online?

• Leave it uncategorized

• Create a new category

• Delete the transaction

• Ignore it

What type of account should be used for owner's withdrawals in QuickBooks Online?

• Income

• Assets

• Equity

• Expenses

How can you add attachments to transactions in QuickBooks Online?

• By scanning and uploading

• By typing the attachment

• By copying and pasting

• By deleting the transaction

What is the purpose of Bank rules in QuickBooks Online?

• To categorize transactions automatically

• To delete transactions

• To create new accounts

• To track income