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WorksheetsQuickBook Questions
Total questions: 19
Worksheet time: 38mins
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
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
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
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
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
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
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
Below are a series of steps for accepting an invitation from the client to become their accountant user.
1. Open the email account you use for your Intuit ID
2. You will see an invite from the client company
3. Select the Accept button to accept the invitation
4.................... and you'll see a Success! box
5. Select Continue
Can you identify the missing step?
Step 4: Accept the invitation
Step 4: Sign in to your QuickBooks Online Accountant account
Step 4: Open the email account
Step 4: Select import data
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
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
If you add a new account, the category type determines on which financial statement this account will show
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
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
The Sales of Product Income account is a default account when inventory is turned on
When we set up Products and Services, they are linked to the Chart of Accounts by specifying a sales price/rate
If you add a new account, the category type determines on which financial statement this account will show
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
Delete an account from the Chart of Accounts if it not relevant to your business
When we set up Products and Services, they are linked to the Chart of Accounts by specifying a sales price/rate
If you add a new account, the category type determines on which financial statement this account will show
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
Delete an account from the Chart of Accounts if it not relevant to your business
The Sales of Product Income account is a default account when inventory is turned on
To set up a new bank feed or link to a bank account in a client's QuickBooks Online company you should go to the ................. If it's the first time you've been here, select Connect, otherwise select Add account. Which option completes the statement?
Accounts and Settings
Banking Center
Products and Services
Payment and Billing
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
Only regular or customer user
Reports 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 Payment and Billings
Step 7: Select the Add Customer button
Step 2: Select the customer list
Step 7: Select "Done"
Step 2: Select the Add Customer button;
Step 7: Select Payment and Billing
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 on the home page
The add button in the Vendors tab of the Expenses screen
The new button in the Vendor list tab
The new button in the Vendors tab of the Expenses screen
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 give worker access and then check create invoices
Select the Limited radio button and check the Customer and Sales box
Select the Customer and Sales box and check the limited radio button
Select Create Invoice and check do not write check
You want to add a new Product and Services entry to your client's QuickBooks Online company. The service is the installation of a server but doesn't include the cost of the hardware. Here are some steps for getting the job done.
1. Select the Gear icon, Select Products, and Services, then select New
2......................
3. In the name field, type "Server installation"
4. In the Sales information field, type "Server installation"
5. Sale price/rate is $1250
6. In the Income Account drop-down select Service/Fee Income
7. Select Save and close
Which of the options below correctly fills in Step 2?
Select Service
Select Gear
Select Products
None of the above
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. 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 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
Which two statements are true of wholesale billing for QuickBooks Online
1. The practice gets billed at wholesale prices for QuickBooks Online Subscriptions
2. The client gets billed directly when they're signed up for a wholesale discount account
3. The client gets billed directly, but the practice determines the price
4. The practice gets billed, and determines the amount to bill to the client
5. The client will be required to enter their credit card information when they log in to the newly created subscription
1 and 5
2 and 3
3 and 4
1 and 2
