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

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

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

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.

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

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

Automated Workflows are set up by creating...

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

When creating a new customer, what MUST be unique?

Which list has the names and contact information of people and companies you purchase from?

Which list has the names and contact information of people and companies you sell to?

When you want to import a list, what do you have to do to make sure the fields (like name and phone number) on your spreadsheet are sent to the correct fields in QuickBooks Online?

What type of list cannot be imported into QBO?

What list do you use to view financial transactions within a current accounting period?

Can you delete list entries?

If you accidentally create a duplicate customer, but you haven't entered any transactions yet, what is the best way to resolve the duplication?

If you accidentally create a duplicate customer and have entered transactions using the new customer, how do you merge the accounts?

What are two reasons for creating a recurring transaction? (Choose 2)

What are the three types of recurring transactions? Choose 3.

What must be equal when you make a journal entry?

Why should you limit the apps you use in QBO?

The link to the Sales Center is located on the _____________ _______.

Statements, receipts, invoices and other transactions are created via the ______ ______ located in the ________ ________.

Which menu is used to enter a customer payment into Quickbooks Online.

_______________ _________ ________ allows you to view details such as invoice dates and accounts for each customer.

Displays the total sales to each customer.

___________________ Details each product and service, who bought it, and the sales amount.

A _________ is created with cash sales.

A ____________ is created when a sale on account takes place.

The sales form setting can be found in Account and Settings under the Your Company heading.

You Cannot change the default settings on a sales form, but you can implement other things.

In QBO you can create sub customers.

In undeposited you can collect more than one payment before making a deposit.

The Create menu is used to enter a customer payments.

QBO cannot have more than one customer, vendor, or employee with the same contact name.

You can get to the customers list through the dashboard or through which navigation menu option?

When creating an invoice, there is an option to charge sales tax.

You got into a car accident. Your insurance company will pay for the repair. In QBO, what is the relationship between you and the insurance company.

Shipping and billing addresses must match or QBO will not let you save the account information.

What preset options are available as payment terms? Select all that apply.

What information is required to create an item in your products and services list? Select all that apply.

How are inventory items tracked on the balance sheet?

How are non-inventory items tracked?

When is the cost of inventory items recorded?

What are you really charging a customer for when you charge them for a service? Mark all that apply.

You can change the logo on your forms.

What can you customize in an email? Mark all that apply.

How can you reward loyal customers with discounts? Mark all that apply.

Quickbooks can accept what types of payments? Select all that apply.

What is the money-in workflow?

Which form do you use for point-of-sale (POS) transactions?

For which 2 reasons should you set up products and services you sell in QBO? (Choose 2)

If you clear the BILLABLE check box for a cost, it is no longer a business expense.

What is a reason for setting up products and services in QBO?

You want to reduce the amount your loyal customers owe you on each invoice by 10%.  Which feature should you use?

You want to pass on some of your costs directly to customers in QBO. You are able to assign a customer to a cost, but you cannot mark it as billable.  You need to make costs billable in QBO.  What do you do?