© titns -e © 9 © W srpabeinuitcom/pprcoananinnngtat642 AF secigmal|. WAL CMEAa. Mt gfmitaecte. Mt etmnctents. @ QuatedsOnne coroaucKnocxs » Accountant Toole ProAdvisor Question 1 How many ungrouped tags can be created in QuickBooks Online Plus? O 400 © 500 © Unlimited © 300 er eQ@ean: ene + Orep Qos 0© titns -e © 9 © W srpabeinuitcom/pprcoananinnngtat642 2 secigreat. MAL CMeAo. Mt gfmiteicte. Mt gitnratents. @ Quatadsoune. @ QutbonsTerD coroaucKnocxs » Accountant Toole ProAdvisor Question 2 Where would you navigate in QuickBooks Online to generate a Balance Sheet report? ® Reports » Business overview > Balance Sheet O Reports >For My Accountant> Balance Sheet © Reports > Financial statements > Balance Sheet © Reporte > What you owe > Balance Shoot = Gp er eQ@ean: ene + Orep Qos 0Ot -e vo- 9 x © 9 © W srpabeinuitcom/pprcoananinnngtat642 ee eQaan: AF secigeat}. WAL CEA. ML efumiteecter. Mt owttnctends. @ Quateazoune. @ QuazaseTersr Ly hse oan | I Otertsinees coroaucKnocxs » Accountant Toole + Om QO8 @ ProAdvisor Question 3 i What fezture in QuickBooks Online allows users to create custom charts to visualize financial data? O Overview © Business overview © cash fiow © Pertormance Center © Management reportsOt -e vo- 9 x er eQ@ean: 9 cnertonae © 9 © W srpabeinuitcom/pprcoananinnngtat642 AF secigreat. MAL CMEA. ML gfmiteecte. Mt owenratents. @ Quatadsoune. @ uetboasTerce Lig hi MAaonIn. coroaucKnocxs » Accountant Toole + Om QO8 @ ProAdvisor ena Ting —_ Bef te quesions arawored tie lt i Question 4 Which report would you use to show top-selling and/or worst selling products? O Transaction ust by Tag Group © Siniesby ProductService Summary O ProduevService List © Sales by Customer SummaryOt -e vo- 9 x © 9 © W srpabeinuitcom/pprcoananinnngtat642 er eQ@ean: AF secigeat}. WAL CEA. ML efumiteecter. Mt owttnctends. @ Quateazoune. @ QuazaseTersr Ly hse oan | I Otertsinees coroaucKnocxs » Accountant Toole + Om QO8 @ ProAdvisor Question 5 Your client would like to display negative numbers in red on thelr Profit and Loss report. Where can you select this option for them? © cumomize > Generat O Customize > Edittitles O Customize > Heador/Footer © Customize > Fier © Cotomize > Rows/ColumnsOt -e yi © 9 © W srpabeinuitcom/pprcoananinnngtat642 ee eQaan: AF secigeat}. WAL CEA. ML efumiteecter. Mt owttnctends. @ Quateazoune. @ QuazaseTersr Ly hse oan | I Otertsinees coroaucKnocxs » Accountant Toole + Om QO8 @ ProAdvisor Question 6 Sarah would like to create a new custom management report for her client. How would she accomplish this? © create a now template under Management repens © Copyan existing tomplate under Management reports © Create anew template under Custom eepots and sav to Management reports © copy a exiting template under Custom reports and save to ManagementOt -e vo- 9 x er eQ@ean: 9 cnertonae © 9 © W srpabeinuitcom/pprcoananinnngtat642 AF secigeat}. WAL CEA. ML efumiteecter. Mt owttnctends. @ Quateazoune. @ QuazaseTersr Ly hse oan coroaucKnocxs » Accountant Toole + Om QO8 @ ProAdvisor Question 7 i “The first stage of the month-end process is reviewing transactions and recognizing any possible issues. Which are 2 open issues that you can view from the Transaction review tab? Unapplied payments D, Tronsactions posted tothe wrong period Undpested funds D) caste vannctonsOt -e © 9 © W srpabeinuitcom/pprcoananinnngtat642 AF secigmal|. WAL CMEAa. Mt gfmitaecte. Mt etmnctents. @ QuatedsOnne coroaucKnocxs » Accountant Toole ProAdvisor ena Ting Which are 2 open issues that you can view from the Transaction review tab? Unappled payments O Transsctions posted ta the wrong period LUndeposted funds Deets ransctons D Tnsetion without accounts er eqeax be ty ouzonn. + Oreo Qos 0Ot -e er eQ@ean: + Om QO8 @ € > © (B wpeabointscomipracounen/iingnd=ta2 AF secigeat}. WAL CEA. ML efumiteecter. Mt owttnctends. @ Quateazoune. @ QuazaseTersr Ly hse oan coroaucKnocxs » Accountant Toole ProAdvisor Question 8 ‘To keep track of her team, Esther has requested that the status of ‘each task be updated in the Month-end review tabs. What are the 3 status options? O Open Di sweOt -e vo- 9 x © 9 © W srpabeinuitcom/pprcoananinnngtat642 ee eQaan: SF segue HA. MARCA. Mt efmiteacte. Mt eptrctenes.. @ Qucltedsonne. @ Qube terD.= Woy m:n | I Otertsinees coroaucKnocxs » Accountant Toole + Om Q2O8 @ ProAdvisor ena Ting UsOt xe © 9 © W srpabeinuitcom/pprcoananinnngtat642 AF secigmal|. WAL CMEAa. Mt gfmitaecte. Mt etmnctents. @ QuatedsOnne coroaucKnocxs » Accountant Toole ProAdvisor Question 9 In the Roclassify transactions screen, which 3 elements of a transaction can be reclassified? 0) bates Ow CD Pesuctsenice Closes Locations O ctomers er eQ@ean: bb tua + Orep Qos 0Ot -e © 9 © W srpabeinuitcom/pprcoananinnngtat642 AF secigmal|. WAL CMEAa. Mt gfmitaecte. Mt etmnctents. @ QuatedsOnne coroaucKnocxs » Accountant Toole ProAdvisor era Ting CO bates O toss LD ProduevSenice Classes Locations DD catonen Accounts er eQ@ean: be ty ouzonn. + Oreo Qos 0Ot -e vo- 9 x © 9 © W srpabeinuitcom/pprcoananinnngtat642 ee eQaan: AF secigeat}. WAL CEA. ML efumiteecter. Mt owttnctends. @ Quateazoune. @ QuazaseTersr Ly hse oan | I Otertsinees coroaucKnocxs » Accountant Toole + Om QO8 @ ProAdvisor Question 10 i What are the correct stops to access and begin reclassifying sraneactions? (© Accountand seins» Reet vrscons O Accounting > Reclassify transactions © Mysccoutrt Ricky wantctons © + new Recast vnacons ® Accountant Too's > Reclessify vansactions.Ot xe © 9 © W srpabeinuitcom/pprcoananinnngtat642 SE mage A. MARCA. mM ofttincncte.. mM enbrctents. @ QittedsOnie. @ Quine coroaucKnocxs » Accountant Toole ProAdvisor Question 11 When can an Accountant user use the Write off invoices tool? © When a customer has everpaid © When you wish to remove a duplicate invoice © When eveer went te eotegrin mrerel entation chy O When 2 user want to write off sles taxon an invoice @ When a customerhat outstanding invoices that will ot be pid (Comson) az er eQ@ean: bb tua + Orep Qos 0Ot -e vo- 9 x © 9 © W srpabeinuitcom/pprcoananinnngtat642 ee eQgaan AF secigreat. MAL CMEA. ML gfmiteecte. Mt owenratents. @ Quatadsoune. @ uetboasTerce Lig hi MAaonIn. 9 cnertonae coroaucKnocxs » Accountant Toole + Om QO8 @ ProAdvisor ena Ting ——— 11 of 18 questions anawered tie lt Question 12 What are the correct steps to begin the Write off invoices process? © Gear icon > Account and settings > Wiite off invoices © Sales > Invoices > Write off invoices © Accountant Tools > Waite off invoices: © Geoaricon> Toole > Wet off ivoicasOt xe © 9 © W srpabeinuitcom/pprcoananinnngtat642 AF secigmal|. WAL CMEAa. Mt gfmitaecte. Mt etmnctents. @ QuatedsOnne coroaucKnocxs » Accountant Toole ProAdvisor Question 13 ‘At year end, what 2 reports can be used to verify that all bank and credit card accounts on the balance sheet have been reconciled? Reconciliation Report D Reconcsiion Aut tog satan Sheet Bett Dy Recon transaction Det by Recount econclation Discrepancy Report er eqeax bb tua + Orep Qos 0Ot xe © 9 © W srpabeinuitcom/pprcoananinnngtat642 AF secigmal|. WAL CMEAa. Mt gfmitaecte. Mt etmnctents. @ QuatedsOnne coroaucKnocxs » Accountant Toole ProAdvisor Question 14 IRS guidelines require specific information to substantiate deductible automobile expenses Which 3 items are included in the substantiation requirements? 0 inlaing © Vebicloyps, the amount of days ven nd the total mil busines, commuting, vacation, and persona) © Vohico ype, dae placed in sri, and total mileage (inclu business, ‘commuting vacation and porsonal) © Vehicle ype, date placed in service, and total mileage (including business, ‘commuting, and ports!) er eqeax + Orep Qos 0Ot -e © 9 © W srpabeinuitcom/pprcoananinnngtat642 AF secigmal|. WAL CMEAa. Mt gfmitaecte. Mt etmnctents. @ QuatedsOnne coroaucKnocxs » Accountant Toole ProAdvisor Which 3 items are included in the substantiation requirements? © Vehicle type, the amount of days driven, and the total mileage (including busines, commuting, action, and persona O Vehicle pe, date placed in service, and total mileage (including business, ‘commuting vacation and personal) © Vehicle ype, dae placed src, and total mileage including business, ‘commuting, and persons!) © Wehicetpe th amount dy vn andthe ttl mea iacang brain coding and pence er eqeax bb tua + Oreo Qos 0Ot -e © 9 © W srpabeinuitcom/pprcoananinnngtat642 AF secigeat}. WAL CEA. ML efumiteecter. Mt owttnctends. @ Quateazoune. @ QuazaseTersr Ly hse oan + Oreo coroaucKnocxs » Accountant Toole ProAdvisor Question 15 Which 2 options are benefits of using the Close books feature? ‘nean prevent users om changing tanactons ina elated plod ‘tkeeps tack of ony changes made after the closing date was so to closed period ansactons Ly ean pvt te fm cei ry norman fn cod pod Ly ttheps rack any change made tony taracton dated ater the docra dow D) tekeope unauthorized users from secestng the QuickBooks Company, er eqeax Qos 0Ot -e vo- 0 x er eQ@ean: 9 cnertonae € > © (B wpeabointscomipracounen/iingnd=ta2 AF secigreat. MAL CMEA. ML gfmiteecte. Mt owenratents. @ Quatadsoune. @ uetboasTerce Lig hi MAaonIn. coroaucKnocxs » Accountant Toole + Om QO8 @ ProAdvisor ena Ting erm 15016 guesions oneness on Question 16 How can you find the Exceptions to Closing Date report? © Gearicon > Tools > Auditiog © Business Overview > Common is © My Accountant > Management Reports > Business Overview © Accounting » Close books © Reports > For my accountant