Review Answers
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Q1
Which 4 sections of the Overview screen can help you perform a high-level review of
their books?
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Your answer:
Transaction Volume
Banking Activity
Company Setup
Common Issues
Q2
Which section in the New Client Checklist helps you understand your client’s needs to
determine the features and solutions required?
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Your answer:
Onboarding Checklist
Q3
Which 2 QuickBooks subscription levels would support a client who needs to track
inventory and create purchase orders and budgets?
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Your answer:
Advanced
Plus
Q4
What are 2 benefits of the ProAdvisor Preferred Pricing program?
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Your answer:
Itemized billing of all firm-billed subscriptions
Up to 30% off subscriptions for your clients
Q5
Which 2 QuickBooks Online Payroll subscription levels include QuickBooks Time?
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Your answer:
Elite
Premium
Q6
Where can you enable account numbers for the chart of accounts?
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Your answer:
The Advanced tab in Account and Settings
Q7
How can several accounts be inactivated at once?
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Your answer:
Select the accounts and choose Make inactive from the Batch actions dropdown
Q8
When would you recommend merging accounts to a client?
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Your answer:
When duplicate accounts are created
Q9
Which 4 list types can be directly imported into QuickBooks Online from Excel?
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Your answer:
Customers
Chart of accounts
Products and services
Vendors
Q10
What 3 file formats can you use for importing lists directly into QuickBooks Online?
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Your answer:
Google sheets
CSV files
Excel files
Q11
Which statement is true when importing lists into QuickBooks Online?
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Your answer:
When importing lists, you can choose to overwrite products and services with identical names
Q12
Why might this happen?
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Your answer:
They have turned off the setting to show product/service column on sales forms
Q13
There are four item types to choose from in QuickBooks Online.
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Your answer:
These are products bought and sold where it isn’t necessary to track quantities on hand,
such as small parts used in the installation or delivery of a product.
Non-inventory
This is a collection of products and services that are sold together, such as the installation
of a product that includes both labor and materials.
Bundle
These are products that are bought and sold, and where it is necessary to track quantities
on hand.
Inventory (in QuickBooks Online Plus and Advanced only)
This includes services that are provided to customers, such as an emergency service call
visit or other labor.
Service
Q14
What are 2 reports that can be filtered by customer type?
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Your answer:
Sales by Customer Type Detail
Customer Contact List
Q15
What must you select in order to remove a vendor from the Vendor center in QuickBooks
Online?
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Your answer:
Make inactive
