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QuickBooks Online Quiz

Authored by Vanessa Soto

Business

11th Grade

16 Questions

Used 9+ times

QuickBooks Online Quiz
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is critical to have before setting up a QuickBooks Online company file?

Customer contact list

Business marketing plan

Employee payroll details

General company information, address, and banking account names

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of the migration utility in QuickBooks Online?

To move data from QuickBooks Desktop to QuickBooks Online

To delete old transactions

To create new user accounts

To upgrade the software version

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the best start date for a QuickBooks Online company file?

The date the business owner first thinks about starting a business

The first day of a period, month, quarter, or year

The date the first sale is made

The date the business receives its first invoice

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the default Chart of Accounts in QuickBooks Online based on?

The user's preference

The industry chosen during setup

Historical financial data

The owner's business name

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In QuickBooks Online, which of the following account types is NOT part of the Chart of Accounts?

Assets

Liabilities

Expenses

Dividends

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many accounts are allowed in the Chart of Accounts for all QuickBooks Online subscription types except Advanced?

500

250

100

1,000

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following actions can you NOT perform in the Chart of Accounts?

Add a new account

Edit existing accounts

Merge accounts of different types

Inactivate accounts

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