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QB Domain 3 Lesson 2

Total questions: 19

Worksheet time: 19mins

Name
Class
Date
1.

Describe a money-out transaction workflow

(a)  

2.

What is the purpose of automatically uploading bank transactions to QuickBooks Online?

(a)  

3.

What two payment options involve a fee?

(a)  

4.

What payment option should be created five to seven days before a bill is due?

(a)  

5.

What three payment options are made within a day?

(a)  

6.

All bills affect a company’s

(a)  

7.

Check payments are treated as (a)   and are automatically deducted from a QuickBooks Online account.

8.

Users should treat a debit card transaction as a(n) (a)   transaction.

9.

What type of transaction does not affect a company’s account balance immediately?

(a)  

10.

What money-out transaction is automatically created?

(a)  

11.

What money-out transaction must be manually created?

(a)  

12.

What account must be selected when depositing a vendor credit into a bank account?

(a)  

13.

When should users not make changes to a transaction?

(a)  

14.

What is the difference between voiding and deleting a transaction?

(a)  

15.

When can a user delete a transaction?

(a)  

16.

If a user deletes a bill, it is reverted to a(n) (a)   status.

17.

Name three types of accounts that can connect to QuickBooks Online.

(a)  

18.

Why might a business benefit from connecting a credit card account to QuickBooks?

(a)  

19.

Once added, financial accounts need to be associated with the correct account in the

(a)