WorksheetsQuickBooks Online Exam Review
Total questions: 20
Worksheet time: 10mins
During the process of building an invoice, a custom field named Special Message is added. Where will that custom field be available once the invoice has been generated?
On every form
On every invoice
On every sales form
On just that invoice
Where is the location in which one can turn on location and class tracking?
Settings - Account and Settings - Advanced
Settings - Account and Settings - Tracking
Settings - Class and Location
Settings - Tracking
What does an IT manager need to do with QuickBooks Online?
Back up the data
Manage users
Run patches
Run updates
What is the major disadvantage of using a journal entry to record a sale?
No way to indicate amount
No way to indicate customer
No way to indicate the item sold
No way to manage the inventory properly
Which account should be used to hold funds until they are deposited in an checking account?
Bank deposit
Deposit on hold
Pending deposit
Undeposited funds
Where can billable expenses be set up?
Create - Billable Expenses
Create - Expense Tracking
Settings - Account and Settings - Expenses
Settings - Account and Settings - Advanced
A customer makes a purchase to be paid at a later date. Which form should be used for this transaction?
Estimate
Invoice
Purchase Order
Sales Receipt
Which best defines a vendor?
Any company to which one pays money
Any entity from which one purchases goods
Any entity to which one pays money
Any individual to which one pays money
Which vendor report shows what is owed to each vendor?
Owed Bills
Owed Vendors
Unpaid Bills
Unpaid Vendors
Which is true about purchase orders?
They affect a checking account balance
They affect an expense account
They are always used for billable items
They do not affect a vendor balance
When entering a bill, what can pop up on the right side of the screen when a vendor is entered for a bill?
Estimates
Purchase order
Recurring bills
Vendor transactions
What is the best way to make products purchased available to put on customer invoices?
Create a bill
Create a purchase order
Create an invoice with the same transaction number as the purchase
Make the products billable
Which type of data is not imported into QuickBooks when importing data?
Customers
Data that does not match the format of a field
Employees
Vendors
Which user types do not have permissions to view customer or vendor information? Choose two answers.
Accountants
Custom user
Reports only
Time tracking only
Once a file is opened for import, what is the next step in the import process?
Choose records to import
Fix data errors
Indicate the list to which the data will be imported
Map the fields to import
Where in QuickBooks Online does one go to add a user?
Create - New User
Create - User
Settings - Add User
Settings - Manage Users
How can you track Accounts Payable?
Enter the bill before paying the vendor
Record the expense
Write a check
Use a journal entry
You need to pay the same 4 bills every month, and you would like to save time. What feature could you use in QuickBooks Online?
Repeating transactions
Recurring transactions
Monthly transactions
Batch transactions
What does Accounts Receivable keep track of?
What you owe vendors
How much is in your bank accounts
What customers owe you
Your purchase orders
Which form CANNOT be customized?
Estimate
Invoice
Sales Receipt
Bill
