ProAdvisor Certification Practice Test – All Questions

Browse all practice questions for the ProAdvisor Certification Practice Test. Search by topic, open any question and review its full explanation, then test yourself in the practice quiz.

Start practice test Flash cards

A Closer Look at QuickBooks Online Company Admin ResponsibilitiesWhich three actions can a Company admin user perform in QuickBooks Online?Can Users Add QuickBooks Online Payroll or QuickBooks Time?Can users with proper permissions add QuickBooks Online Payroll or QuickBooks Time to their company?Choosing the Right Income Account Matters More Than You ThinkWhat outcome might occur from selecting the wrong income account during a deposit?Clients looking for advanced QuickBooks features should consider upgrading to QuickBooks Online AdvancedWhat should clients do if they want a more advanced feature set in their QuickBooks?Creating a New Estimate in QuickBooks Online Made EasyHow can a new estimate be created in QuickBooks Online?Discover Effective Methods to Capture Bills and Receipts in QuickBooks OnlineWhat are the methods to capture bills and receipts in QuickBooks Online?Discover How Inventory Purchases Enhance Your Financial StandingHow does recording the purchase of an inventory item affect the Inventory Asset account on your balance sheet?Discover how many conditions can enhance your QuickBooks Online rulesHow many conditions can you apply to a single rule in QuickBooks Online?Discover how organizing properties as sub-customers can enhance your handyman tasksHow does organizing properties as sub-customers help a handyman manage tasks?Discover how QuickBooks Online Advanced supports greater user accessWhich two features of QuickBooks Online Advanced facilitate greater access for users?Discover How QuickBooks Online's Cash Flow Planner Can Transform Your Financial InsightsWhich 3 statements are true about the Cash flow planner tool in QuickBooks Online?Discover How the Banking Center Suggests Rules for Categorizing TransactionsAt what point will the Banking center suggest a rule for categorizing transactions?Discover how the pay down credit card workflow enhances financial accessibilityWhat problem does the pay down credit card workflow solve?Discover How to Access Spreadsheet Sync in QuickBooks Online AdvancedFrom which locations in QuickBooks Online Advanced can you access Spreadsheet Sync?Discover how to access the Priority Circle feature in QuickBooks Online AdvancedWhere can clients with QuickBooks Online Advanced find the Priority Circle feature?Discover How to Add QuickBooks Online Payroll to Your SubscriptionWhere should you go in QuickBooks Online Accountant to add QuickBooks Online Payroll to an existing subscription?Discover how to adjust a client's project status in QuickBooks Online AccountantHow can you adjust a client’s project status using QuickBooks Online Accountant?Discover How to Adjust the Format of Sales Receipts in QuickBooksIn QuickBooks, what option is provided to adjust the format of sales receipts?Discover how to create a custom report in QuickBooks OnlineHow do you create a custom report in QuickBooks Online?Discover how to create comprehensive client reports with ProAdvisorWhere can you create a comprehensive report that includes a cover page and table of contents for your client?Discover how to download a client's mileage trips in QuickBooks OnlineWhere do you download a client's mileage trips from QuickBooks Online?Discover How to Identify Pending Payments for Your Bank DepositsHow can you identify any payments that are waiting to be added to a deposit?Discover Reliable Methods to Check a Client's Subscription Level in QuickBooks Online AccountantWhat are two ways to check a client's subscription level in QuickBooks Online Accountant?Discover the Benefits of Using the Management Reports TabWhich of the following is a benefit of using the Management reports tab?Discover the Benefits of View Only Access in QuickBooks OnlineWhat type of user access in QuickBooks Online is suitable for users who only need to view reports?Discover the Best Method for Tagging Transactions on an InvoiceWhat method is best for tagging transactions on an invoice?Discover the Best Way to Track Billable Work in QuickBooksWhich method can be used for tracking time for billable work in QuickBooks?Discover the Exciting Features of the Team Menu in QuickBooks Online AccountantWhat can you do from the team menu in QuickBooks Online Accountant?Discover the Key Benefits of QuickBooks Time for Your BusinessWhat is an additional benefit of QuickBooks Time?Discover the Key Benefits of Using the Close Books FeatureWhat are two benefits of using the Close Books feature?Discover the Key Features of the QuickBooks Online Accountant Team MenuWhat features are included in the team menu of QuickBooks Online Accountant?Discover ways to repair your QuickBooks Desktop data file effectivelyWhich three activities can help repair a QuickBooks Desktop data file?Discover where to access reclassify transactions in your accounting softwareWhere can an accountant user access and begin reclassifying transactions?Discovering Apps Connected to Your Client's QuickBooks OnlineWhere can you view apps that are connected to a client's QuickBooks Online when using QuickBooks online accountant?Discovering the Essential Features for Managing Your Accounting Practice in QuickBooks OnlineWhich feature allows accountants to manage their own practice within QuickBooks Online Accountant?Editing Details of an Existing Customer Made EasyHow can you edit the details of an existing customer?Explore Effective Strategies for Managing Expenses Related to Restricted GrantsWhat can clients do to manage and track their expenses related to restricted grants?Explore the Best Billing Options for QuickBooks OnlineWhich billing options allow clients to pay their QuickBooks Online subscription fees directly?Explore the Exclusive Services for QuickBooks Online Advanced UsersWhich 3 of these additional services can Priority Circle clients access with QuickBooks Online Advanced?Explore the Four Essential Item Types in QuickBooks OnlineHow many item types can you choose from in QuickBooks Online?Explore the Power of the Work Menu in QuickBooks Online AccountantWhat can you do with the Work menu in QuickBooks Online Accountant?Explore the Role of Needs Assessment in the New Client ChecklistWhat is a characteristic of the Needs Assessment in the New Client Checklist?Exploring Support Options for Clients with Priority AccessWhich methods can clients with Priority Access use to contact premium support?Exploring the Different Visualization Options in the Performance CenterWhich four visualization options can be found in the Performance center?Exploring the Unique Edge of QuickBooks Time EliteWhich feature does QuickBooks Time Elite offer that is not available in Premium?Finding the Right Report to Validate Your Billable HoursWhich report is best for checking that a billable time entry has been recorded correctly?Finding the Toggle for Credit Memo Settings Made EasyWhere can you find the toggle switch to turn off automatically applied credit memos?Here’s How to Easily Filter for Cleared TransactionsHow can you filter to see only cleared transactions?Here's where you can create a custom role in QuickBooks Online AdvancedWhere do you go to create a custom role in QuickBooks Online Advanced?How a Cash Flow Planner Tool Can Impact Your Financial FutureWhat is one primary function of the Cash flow planner tool?How Editing Rules in QuickBooks Online Can Enhance Your Financial ManagementWhat can you do from the Suggested rules pop-up screen in QuickBooks Online?How Final Bills Affect Your Other Current Asset BalanceWhat happens to the Other Current Asset (OCA) account balance when you enter the final bill for vendor prepayments?How Many QuickBooks Online Plus Accounts Exceed Usage Limits?Approximately what percentage of QuickBooks Online Plus accounts exceed usage limits?How Many Similar Businesses Do You Need for a Reliable Industry Benchmark?What is the minimum number of similar businesses required to generate an industry benchmark?How ProAdvisors can Enhance Workflow Management for ClientsAs a ProAdvisor, how can you assist clients struggling with workflow management?How QuickBooks Online Advanced Users Access Premium AppsWhere would clients with QuickBooks Online Advanced go to access Premium Apps?How QuickBooks Online Handles Fuel Expense InvoicingIf a client invoices a customer for fuel charged on a bill, how will QuickBooks Online record the transaction?How to Add a New Customer in QuickBooks OnlineWhere do you go to add a new customer to QuickBooks Online?How to change the payment account for expenses in QuickBooks Online using the Reclassify Transactions toolWhat action can be taken to change the payment account for expenses in QuickBooks Online?How to Check for Unbilled Charges in QuickBooks OnlineHow can you check for unbilled charges or time in QuickBooks Online?How to Correctly Adjust Check Payments to Match Reconciled TransactionsWhich method is used to fix the amount of a check payment to match a reconciled transaction?How to Correctly Classify a $750 Purchase in Accounting SoftwareWhat can Amy change to ensure a $750 purchase at MotoZpares is assigned to Fixed Assets?How to Create a Company Group in Spreadsheet SyncFrom where can you go in Spreadsheet Sync to create a company group? Select all that apply.How to Create a Customized Template for Your ProjectWhich methods can be used to create a customized template for a project?How to Delete an Erroneous Filing Payment in QuickBooksWhere would you go to delete a filing payment that was entered in error?How to Effectively Check for Unbilled Charges and TimeWhat are 2 options for checking for unbilled charges, including unbilled time?How to Effectively Customize Your Report Header in QuickBooksIn which location can you select the header area to customize a report?How to Effectively Manage a Customer's Failed PaymentWhat is the recommended way to handle a customer's failed payment?How to Effectively Manage Reconciled Transactions in QuickBooksIf a customer payment is marked as reconciled, what must you do to remove it from the report?How to Enable Purchase Orders in QuickBooks Online for Seamless TransactionsWhat must be done before turning an estimate into a purchase order?How to Enable the Attachment Column for Invoices in QuickBooksWhere do you enable the Attachment column for use with invoices?How to Enhance Your Chart of Accounts for Client NeedsWhat is one way to update the chart of accounts to better fit the client's needs?How to Handle a Bounced Check in Your Accounting RecordsWhat should be done with a failed payment related to receiving a bounced check?How to Handle Duplicate Transactions in Your Bank FeedWhat action should you take if you find a duplicate transaction in the bank feed?How to Handle Duplicated Reports in QuickBooks OnlineWhat action should you take if a duplicated report exists in QuickBooks Online after conversion?How to Handle Unpaid Invoices with Sales Tax for Cash-Basis ClientsIf a customer refuses to pay an invoice that has sales tax on it, what is the best way to deal with it for a cash-basis client?How to Identify Errors in Client Workflows using QuickBooksWhich report would you use to identify errors in a client's workflows?How to Identify Your Least Popular Products Using Smart ReportingWhich report would you use to show the least popular products?How to Manage Billing Rate Visibility During Time TrackingWhich option should be 'OFF' to restrict users from seeing billing rates during time tracking?How to Save Custom Reports in QuickBooks Online AdvancedIn which format can you save custom reports in QuickBooks Online Advanced?How to Simplify Your Accounting Workflow with AutomationWhat step might a ProAdvisor recommend for a client overwhelmed with their accounting workflow?How to Solve Bank Feed Issues in QuickBooksIf a client reports an issue with their bank feed, what should you do first to refresh it?How to Spot Workflow Errors in QuickBooks Online AccountantHow can users identify workflow errors in QuickBooks Online Accountant?How Various Activities Enhance Understanding of Bank TransactionsWhich of the following actions helps in confirming student understanding of bank transaction processes?Learn how to access and create custom fields in QuickBooks OnlineHow can you access and create custom fields in QuickBooks online?Learn how to add a logo to your QuickBooks reportsFrom which two locations can a company logo be added to a report in QuickBooks?Learn how to assign a customer type in QuickBooks OnlineHow do you assign a customer type to a customer in QuickBooks Online?Learn How to Create and Manage Custom Tags for Your InvoicesWhat can you do to create a new tag if it is not listed in the existing tags for an invoice?Learn How to Display Inactive Clients in QuickBooks OnlineHow can you display inactive clients in the Clients menu of QuickBooks Online?Learn How to Easily Access Your Workflows in QuickBooksWhere can you locate the workflows you've already set up?Learn How to Export Bank Rules EffortlesslyTo successfully export bank rules, which step is needed?Learn How to Navigate Customer Statements with the Statement List ReportWhere can you view a list of customer statements sent out in the current month?Learn How to Receive Payments for Open Invoices in QuickBooks OnlineWhat is one way a client can receive payment for an open invoice in QuickBooks Online?Learn how to schedule payments in the Expenses CenterWhere in the Expenses center can a user schedule a payment?Learn how to set up QuickBooks Payments correctlyWhere should a client initiate the setup of QuickBooks Payments?Learn where to set an hourly rate for a project in QuickBooks OnlineWhere do you set an hourly rate for a project in QuickBooks Online without using Payroll?Manage Your Customers in QuickBooks Online with EaseWhat action must you select to remove a customer in QuickBooks Online?Master the Receipts Feature in QuickBooks Online to Enhance Your WorkflowWhich of the following is true about working with uploaded receipts in the Receipts center?Mastering Inventory Tracking in QuickBooks OnlineWhat should a user do to ensure they can track inventory accurately in QuickBooks Online?Maximizing Efficiency with QuickBooks Rule LinkingWhat is the maximum number of rules that can be linked to one condition in QuickBooks?Navigating Custom Templates When Transitioning from QuickBooks Desktop to OnlineWhat's the best action to take if a QuickBooks Desktop file includes custom sales form templates?Quick Steps to Create an Effective Budget Using Actual DataWhat is the first action a client should take to create a new budget based on actuals data from a previous period?QuickBooks Online Advanced offers robust automatic backup solutionsWhich of the following features does QuickBooks Online Advanced offer for automatic backups?Sending Scheduled Reports as Excel Spreadsheets SimplifiedHow can you ensure that a scheduled report is sent as an Excel spreadsheet?Setting Up a Custom Sales Tax Rate in QuickBooks Online is EasyWhere do you set up a custom sales tax rate in QuickBooks Online?Steps to Create an Accurate Project Estimate for Revenue and CostsWhich steps are necessary before creating a project estimate that includes both estimated revenue and costs?The Balance Sheet: A Snapshot of Financial Health for Your BusinessWhich report is vital for a business to ascertain its financial health at a glance?The Best Way to Mark a Task as CompletedHow can you mark a task as completed?Understand the client-facing QuickBooks templates: basic company financials, company overview, and expenses performanceWhich predefined management report templates will a client see in their company file?Understand the Functions of the Banking Activity Section in QuickBooks OnlineWhich of the following is a function of the Banking Activity section of QuickBooks Online?Understanding Access Levels for Firm Information ManagementWhich access level would allow a user to update billing subscriptions and access firm information?Understanding Access Levels in ProAdvisor: Which One Fits Your Needs?Which access level would you assign to a user needing full access to modify and update firm information?Understanding Accrual-Based Reporting for Better Financial ClarityWhat type of reporting reflects income and expenses at the time they were incurred?Understanding Bank Rules in QuickBooks OnlineWhich two statements are true regarding using bank rules in QuickBooks Online?Understanding Billing Options for QuickBooks Online through AccountantsWhat billing options can be provided to clients signing up for QuickBooks Online through Accountant?Understanding Cash Flow Events That Impact Your ForecastWhich cash flow events feed into a forecast from the Cash flow planner tool?Understanding Cash Flow Projections in Financial SoftwareFor how many days in advance does the Cash flow tab project clients' cash flow?Understanding Class Tracking in QuickBooks: Where to Enable ItIn which tab of Account and Settings can Class tracking be turned on?Understanding Client Inactivity in QuickBooks Online AccountantWhich statement is correct regarding making a client inactive in QuickBooks Online Accountant?Understanding Credit Memos and Their Role in Managing Cash RefundsWhen issuing refunds, which statement about credit memos is accurate?Understanding Default User Roles in QuickBooks Online AdvancedWhich three user roles are available by default in QuickBooks Online Advanced?Understanding Delayed Charges for Invoicing Regular Flat-Fee Jobs in QuickBooksIf a client wants to record regular flat-fee jobs for later invoicing, which option should they choose?Understanding Email Notifications for Client RequestsWhat is required to ensure a client receives an email notification regarding a new request for information?Understanding Essential Data Points for Sales Tax SetupWhat is NOT a required data point for setting up sales tax for a client doing business only in their home state?Understanding FIFO Inventory: Transaction Journal Entries DemystifiedIf a transaction pulls 4 units from two FIFO layers, how many entries will appear in the transaction journal?Understanding How a Negative Inventory Balance Affects QuickBooks OnlineWhy might a negative inventory balance lead to unreliable values in QuickBooks Online?Understanding How Bank-to-Bank Transfer Matching Works in QuickBooks OnlineHow does bank-to-bank transfer matching operate in QuickBooks Online?Understanding How Banking Activity Verifies Transactions in QuickBooks OnlineWhich area of QuickBooks Online allows users to verify and approve transactions for accuracy?Understanding How Florists Can Effectively Manage Monthly Rent Payments in QuickBooks OnlineWhat type of transaction should a florist client create to manage monthly rent payments in QuickBooks Online?Understanding How Inventory Purchases Impact Your Asset AccountHow is the Inventory Asset account affected when recording the purchase of an inventory item?Understanding How Merging Accounts Works in QuickBooks OnlineWhich option allows combining accounts in QuickBooks Online?Understanding how nonprofits can track restricted grant activity effectivelyHow can nonprofits track restricted grant activity effectively?Understanding How QuickBooks Handles Duplicate TransactionsWhat happens when QuickBooks detects two bank transactions with the same date and equal amounts but in different accounts?Understanding how QuickBooks Online applies bank rulesWhich statement is true about how QuickBooks Online applies bank rules?Understanding how QuickBooks Online automatically applies credit memosWhat feature allows a credit memo to be applied automatically to customer invoices?Understanding how QuickBooks Online calculates sales tax accuratelyWhat is needed for QuickBooks Online to calculate sales tax correctly?Understanding How QuickBooks Online Can Revolutionize Your Transaction ManagementHow does QuickBooks Online enhance the efficiency of transaction management?Understanding How QuickBooks Online Handles Inventory SalesWhat actions does QuickBooks Online take when an inventory sale is recorded on an invoice?Understanding How Recurring Templates Simplify AccountingWhich four transaction types can be made into recurring templates?Understanding How the Grouping Feature Simplifies Transaction ManagementWhich of the following can the Grouping feature in the bank feed help with?Understanding How to Access Your QuickBooks Verification ReportHow do you open the verification report after verifying a QuickBooks Desktop company file?Understanding How to Assign a Gift Basket of Beauty Products in QuickBooks OnlineWhich item type would you assign to a gift basket of beauty products in QuickBooks Online?Understanding How to Customize a Client's Chart of AccountsWhat are the three methods to customize a client's chart of accounts?Understanding How to Display Full Invoice Details in EmailsWhat is the correct path to allow customers to see full invoice details in an email?Understanding how to effectively redo a conversion in QuickBooks Online AccountantWhich action could you take to redo a conversion via QuickBooks Online Accountant?Understanding How to Invite New Team Members in ProAdvisor CertificationWhich tab on the Manage users screen allows you to invite new team members for custom roles?Understanding How to Match Transactions to Bank Feed Entries in QuickBooks OnlineHow can you match transactions to bank feed entries in QuickBooks Online?Understanding How to Record a Bounced Check and Its FeesWhat is required to record a bounced check and any related fees?Understanding How to Record Bakery Sales in QuickBooks OnlineWhich sales transaction should a bakery client use to record a day's sales in QuickBooks Online?Understanding How to Reflect Zero Dollar Expenses in Accounting EntriesWhich option correctly reflects zero dollar expenses in accounting entries?Understanding How to Submit Expense Claims EffectivelyWhat options do workers and vendors have when submitting expense claims?Understanding Inactive Client Management in QuickBooks Online AccountantWhat is a correct statement about inactive clients in QuickBooks Online Accountant?Understanding Inventory Features in QuickBooks Online Plus and AdvancedWhich product/service type is available only to clients with QuickBooks Online Plus or Advanced?Understanding Key Reports in QuickBooks Online for Budget ManagementWhich 2 reports can be run in QuickBooks Online based on an existing budget?Understanding List Issues in QuickBooks Online Can Enhance Your WorkflowWhat list issues might need to be addressed in a client's QuickBooks Online company at period end?Understanding List Types You Can Import into QuickBooks Online from ExcelWhich of the following list types can be directly imported into QuickBooks Online from Excel?Understanding Premium Apps in Accounting SoftwareWhich of the following is not classified as a Premium App?Understanding Purchase Orders and Their Role in Business TransactionsWhat type of transaction means a customer is committing to purchasing items from a supplier at a specific price?Understanding QuickBooks Feature Selection: What Happens When You Choose Yes or No?What happens when you select an option in the Yes/No column for a business function?Understanding QuickBooks Online's Handling of Cash-Basis Profit and Loss ReportsWhat will QuickBooks Online do in a cash-basis Profit and Loss report when an expense transaction is posted to accounts payable without a bill?Understanding Reconciliation Reports for Accurate Financial BalancesWhat is used to validate the bank and credit card account balances on a balance sheet?Understanding Sales Tax Adjustments in QuickBooks OnlineTo correct the sales tax liability on an invoice converted from QuickBooks Desktop, which items should be added when creating a zero-dollar sales receipt in QuickBooks Online?Understanding Sales Tax Filing in QuickBooks OnlineWhich statement is true concerning sales tax filing in QuickBooks Online?Understanding Subaccount Balances and Journal Entries in AccountingWhat would you expect when reviewing subaccount balances after correcting them with a journal entry?Understanding Tax ID Storage for Vendor ReportingWhich field allows clients to store the tax ID number of a vendor for Forms 1099-MISC and 1099-NEC?Understanding the 'See the Math' Feature for Invoice CreationWhich statement is true regarding the "See the math" link when you're creating an invoice?Understanding the Add Funds to This Deposit Grid in Bank DepositsIn which case would you use the Add funds to this deposit grid in a bank deposit?Understanding the Advantages of Class Tracking for Recruitment CompaniesWhat is a significant advantage of using Class tracking in reporting for a recruiting company?Understanding the Backup Process in QuickBooks Online AdvancedHow often does the Online Back-up and Restore feature with QuickBooks Online Advanced run automatic backups?Understanding the Balance Sheet Report and Its Importance in Financial HealthWhich summary report indicates if assets offset liabilities and leave a net equity balance?Understanding the Basics of Recording Journal EntriesWhich is true about recording journal entries?Understanding the Benefits of Location Tracking for Expense ReportsWhich of the following is a benefit of using Location tracking for expense reports?Understanding the Benefits of Progress Invoicing for Your BusinessWhat is a benefit of progress invoicing for clients?Understanding the Benefits of Sub-Customers for Handypersons in Real EstateWhat benefit does a handyperson gain by using sub-customers for real estate properties?Understanding the Benefits of the Pay Down Credit Card FeatureWhich two common issues does the Pay down credit card feature help resolve?Understanding the Best Customer Statement Options for Financial ClarityWhat type of customer statement should Kelly choose to send a list of sales receipts, invoices, and payments with a balance for a specific date range?Understanding the Best First Day for Time TrackingWhich setting should be selected for the first day of the work week in time tracking according to the specified requirements?Understanding the Best Method to Set Up Monthly Customer ChargesWhat option is the best way to set up a monthly customer charge?Understanding the Best Process for Setting Up a QuickBooks Online SubscriptionWhat process is recommended for setting up a QuickBooks Online subscription for a client?Understanding the Best Way to Record a Client's Online Tax PaymentWhat is the appropriate way to record a client's tax payment made online?Understanding the Bundle Item Type in QuickBooks OnlineWhich of the following is true about the Bundle item type in QuickBooks Online?Understanding the Capabilities of the Tasks Center in QuickBooks OnlineWhich of the following statements is true about the Tasks center?Understanding the Communication Methods for Priority Access ClientsWhich communication method may not be supported for Priority Access clients?Understanding the Company Admin Functions in QuickBooks OnlineWhich statement is false about the Company admin functionality in QuickBooks Online?Understanding the Complete Backup Feature and Its ImportanceWhat best describes the Complete backup feature?Understanding the Critical Role of Address Verification in Sales Tax CalculationWhen dealing with a sales tax issue, which detail about the address is critical to verify?Understanding the Essential Stages of Books ReviewWhat are the stages in Books review?Understanding the Essentials of Accounting for a Bounced CheckWhich item is necessary for posting a bounced check?Understanding the Exceptions to Closing Date ReportWhat two types of records does the Exceptions to Closing Date report show?Understanding the Expenses Tab in Client Accounting SoftwareWhich tab in the Expenses center lists the client's recent purchase transactions?Understanding the Features of the Expense Claims HubWhich statement is true about the categories in the Expense claims hub? Select all that apply.Understanding the First Step in Creating Project Estimates in QuickBooks OnlineWhat is the first step in the project estimate creation process in QuickBooks Online?Understanding the General Options in Custom Report Builder for QuickBooksWhich option on the Custom report builder screen do you select to switch between accrual and cash reporting?Understanding the Impact of Accounting Methods on Financial ReportsWhy is it important to check the accounting method in a report?Understanding the Impact of Downgrading Your QuickBooks Online SubscriptionWhat is a consequence of downgrading a client's QuickBooks Online subscription?Understanding the Impact of Incorrect Customer Deposits on Your Financial StatementsIf a client deposits checks from customers incorrectly, what problem might arise at period end?Understanding the Impact of Not Moving Inventory in QuickBooksIf you select "No, don't move inventory," what does this mean for the client?Understanding the Implications of Recording a Payment Before Creating an InvoiceWhat balance does recording a payment received before creating an invoice typically create?Understanding the Importance of Bank Reconciliation Before Closing Client BooksWhat is one of the steps you should complete before closing a client's books?Understanding the Importance of Budgeting for Cost of Goods SoldWhich three accounts can a client set a budget for?Understanding the Importance of Creating a Service Item for Bank ChargesIn what scenario would you need to create a service item for bank charges?Understanding the Importance of Inventory Tracking in QuickBooksWhat option must be enabled to track quantities on hand for inventory items?Understanding the Importance of Linking Corporate Credit Card Subaccounts to Bank FeedsWhich accounts should you link to bank feeds for corporate credit cards that are used for payments?Understanding the Importance of Reviewing Recorded Trips for Tax DeductionsWhy is it important to view all recorded trips before finalizing the auto expense deduction log?Understanding the Importance of Selecting the Correct Tax Category for Sales Tax CalculationsTo verify correct sales tax calculation, which of the following should you check?Understanding the Importance of Tags in QuickBooks ClassesWhich 2 statements related to classes and tags are true?Understanding the Importance of the Vendors Tab for Your Financial OverviewFrom which tab can clients get a visual overview of their unbilled, unpaid, and recently paid bills?Understanding the Initial Step to Record Deposits in QuickBooks OnlineWhat is the first step in QuickBooks Online before recording a deposit for received checks?Understanding the Key Components in Your Transaction JournalWhat component of a transaction includes the date, memos, accounts, class, and job in a transaction journal?Understanding the Key Features of QuickBooks Management ReportsWhat part of the QuickBooks Reports center provides professional-style report packages?Understanding the Key Role of the Chart of Accounts in QuickBooks OnlineWhat role does the Chart of Accounts play in QuickBooks Online?Understanding the Key Steps to Prepare Your Auto Expense Deduction LogTo prepare the auto expense deduction log at year end, which tasks should be completed?Understanding the Limitations of Exporting Custom ReportsWhich type of file cannot you export a custom report as?Understanding the Merge Transactions Function in QuickBooks OnlineWhich of the following options is used to combine multiple transactions in QuickBooks Online?Understanding the Minimum Number of Businesses Needed for an Industry BenchmarkWhat's the minimum number of similar businesses used to generate an industry benchmark?Understanding the Money Bar and Its Role in Managing Overdue InvoicesWhich feature would give you the quickest route to finding any overdue invoices?Understanding the New Client Checklist Tool for QuickBooks Online SubscriptionWhich three areas does the New Client Checklist tool focus on for selecting the right QuickBooks Online subscription?Understanding the Next Steps After Depositing Checks in QuickBooks OnlineWhat is the next step after depositing checks in QuickBooks Online?Understanding the Options for Progress Invoicing in QuickBooks OnlineWhat three options do you have when creating a progress invoice from an estimate in QuickBooks Online?Understanding the Overview Tab for Your Sales ActivityWhich tab provides a visual overview of unbilled, unpaid, overdue, and recently paid sales activity?Understanding the Payroll Item Conversion Between QuickBooks Desktop and OnlineWhich payroll items in QuickBooks Desktop don't convert automatically to QuickBooks Online?Understanding the Power of the Custom Report Builder in QuickBooks Online AdvancedWhat is the purpose of the Custom report builder in QuickBooks Online Advanced?Understanding the Principles of Inventory Adjustments in QuickBooks OnlineWhich of these reflects an allowable inventory adjustment principle in QuickBooks Online?Understanding the Purpose of Document Request Notifications in QuickBooks OnlineWhat is a document request notification's purpose in QuickBooks Online?Understanding the Reclassify Transactions Tool in QuickBooks OnlineIn which scenario could the Reclassify transactions tool be used?Understanding the Requirements for Merging Inactive Sub-AccountsBefore merging two sub-accounts, which statement must be true?Understanding the Right Account Type for Tracking Your Client's LoanWhat account type would be most appropriate for tracking a loan your client took out to buy a delivery van?Understanding the Role of Additional Items in Bookkeeping SystemsWhat statement is true about the Additional Items in Books review?Understanding the Role of Credit Memos in QuickBooks OnlineWhich statement is true about using credit memos in QuickBooks Online?Understanding the Role of Credit Memos in Reducing Customer BalancesWhat type of sales transaction reduces the amount a customer owes?Understanding the Role of the Money Bar in QuickBooks OnlineWhat is the purpose of the money bar in QuickBooks Online?Understanding the Role of the Undeposited Funds AccountWhat does the Undeposited Funds account do?Understanding the Transfer Feature in QuickBooks Online for Managing Your AccountsFor which function should you use the Transfer feature in QuickBooks Online?Understanding the Work Menu in QuickBooks Online AccountantWhich menu from the left-hand navigation in QuickBooks Online Accountant would you select to send a request to a client?Understanding Transaction Sources in QuickBooks Online: What You Need to KnowHow many sources are used to define a transaction in QuickBooks Online?Understanding User Roles in QuickBooks Online PlusWhich statements about adding users to a QuickBooks Online Plus subscription are correct?Understanding Vendor Setup: What Field Should Always Be Left Blank?When adding a new vendor, which field should almost always be left blank?Understanding What Doesn’t Convert to QuickBooks OnlineWhich three items do NOT convert to QuickBooks Online using the built-in or standalone conversion tool?Understanding What Happens to Quantity on Hand During Inventory PurchasesWhen recording an inventory purchase, what happens to the Quantity on Hand units?Understanding What to Verify After QuickBooks Data ExportWhat is essential to check after performing a data export from QuickBooks Desktop?Understanding What You Need for Purchase Orders in QuickBooks OnlineWhat is required to enable purchase orders in QuickBooks Online?Understanding What’s Necessary for Recording Sales Tax AdjustmentsWhat is necessary for recording sales tax adjustments in invoices?Understanding When It's Time to Simplify Your Chart of AccountsWhich of the following might indicate that the chart of accounts could be simplified?Understanding Where Outstanding Balances Post in AccountingWhen a client deposits a retainer of $600 for an invoice of $1,500, where does the outstanding balance post?Understanding Where to Access Essential Accountant FeaturesWhere would you go to find accountant-only features such as Prep for taxes or Write off invoices?Understanding Where to Match or Add Transactions in Your Bank FeedWhere in the bank feed can you match or add transactions?Understanding Which Data Can't Be Restored with Online BackupWhich 3 of these types of data can't be restored using Online Back-up and Restore?Understanding Why a Client Can't Deactivate a Custom Role in ProAdvisorWhy might a client be unable to deactivate a custom role?Understanding why a negative value line is essential in zero dollar expense transactionsIn a zero dollar expense transaction, why must you include a negative value line?Understanding Why Clients Might Lose Features with a QuickBooks Subscription DowngradeWhy might a client lose features with a QuickBooks subscription downgrade?Understanding Why Payments Might Not Show Up in the 1099 WizardWhat could cause payments for services to an applicable payee not to appear in the 1099 Wizard?Understanding Why Profit and Loss Reports and Sales Figures Don't Always MatchWhat could lead to a discrepancy between the Profit and Loss report and the Sales by Product/Service report?Understanding Why You Might Not See the Exceptions to Closing Date Report in QuickBooks OnlineWhy might an accountant user not see the Exceptions to Closing Date report?Understanding Why You Need a Reason for Sales Tax Overrides on InvoicesWhat must be entered before overriding the sales tax calculated for an individual invoice?Unlock the Benefits of Using QuickBooks Online for Your Customer TransactionsWhat is a key benefit of using QuickBooks Online for managing customer transactions?What does the Books review center help with in ProAdvisor Certification?What are two tasks that the Books review center assists with?What Happens When You Select 'Create a New Company' in QuickBooks?What will happen if you select "Create a new company" in the conversion tool instead of selecting an existing QuickBooks Online company?What Stops Clients from Converting Estimates to Purchase Orders?What might prevent a client from converting an estimate to a purchase order?What Support Options Are Improved in QuickBooks Online Advanced?Which type of support is enhanced in QuickBooks Online Advanced?What to Check Before Exporting Your QuickBooks Item Listing ReportWhat should you do before exporting the Item Listing report from QuickBooks Desktop?What to Expect When Importing Lists with Duplicate Customer Names in QuickBooks OnlineWhat happens when lists are imported into QuickBooks Online if there are customers with identical names?What You Need to Know About Inventory Management in QuickBooks OnlineWhat is the minimum subscription level required for a client to manage inventory in QuickBooks Online?What You Need to Know Before Closing the Books for the YearWhich steps are necessary before finalizing the year-end closing of books?What You Should Know About QuickBooks Online Accountant Management ReportsWhich management report templates will be seen by default when accessing a clients books via QuickBooks Online Accountant?What You Should Know Before Recategorizing TransactionsWhat should you do before recategorizing transactions?When Should You Create a Sales Receipt?In which situation should a client create a sales receipt?When to delete a mistakenly created transaction ruleWhen should you delete a mistakenly created transaction rule?Where Do You Find the Priority Circle in QuickBooks Online Advanced?Where can clients with QuickBooks Online Advanced access Priority Circle?Where to Add a New Tax Agency in Your Client's Sales Tax Center?Where would you go to add a new tax agency in a client's Sales Tax center?Where to Navigate for Bill Payment StatusWhere would your client navigate to view the status of a bill payment?Where to Start Importing Rules in QuickBooks OnlineWhere would you start importing a set of rules downloaded from another QuickBooks Online company?Why Checking Calculated Mileage is Key for Year-End DeductionsWhich task is essential to ensure accuracy in the mileage tracker for year-end deductions?Why checking the Track payments box for 1099 is crucialWhy is it important to ensure the Track payments box for 1099 is checked?Why Class Tracking is a Game-Changer for Recruiting CompaniesWhich type of business would find Class tracking most beneficial?Why Clients Might Miss the Link to Convert Sub-Customers in QuickBooksWhat could be a reason a client cannot find the link to convert sub-customers to projects in their QuickBooks?Why Deselecting the Original Invoice is Key for Your AccountingWhy is it necessary to deselect the original invoice when recording a failed payment?Why QuickBooks Online Might Not Suggest a Match for Your Bank TransactionWhy might QuickBooks Online not suggest a match for a bank transaction?Why Using the Sample File from QuickBooks Online Makes All the DifferenceWhy should you use the sample file from QuickBooks Online to import a client's products and services list?Why Would QuickBooks Online Not Suggest Vendor Categorizations?Why might a client set QuickBooks Online to not suggest categorizations from a vendor?Why Your Client's Beginning Balance Matters in QuickBooks ReconciliationWhat happens if your client's beginning balance is inconsistent while reconciling?You Can Easily Run Budget vs. Actuals Reports in QuickBooks OnlineWhere can you go to run a Budget vs. Actuals report in QuickBooks Online?

More practice questions

These questions are part of the practice quiz. Start practicing

What does a scheduled recurring invoice help a client manage?
What could indicate that a client is ready for QuickBooks Online Advanced? Select all that apply.
Which of the following accounts is NOT required when assigning new inventory items?
Which statement about converting customer jobs to QuickBooks Online is correct?
Why might a certain product/service item from an estimate not appear on a purchase order created from that estimate?
What are the stages of the books review process in the Books review center?
What are two ways to begin setting up a Recurring Transaction in QuickBooks Online?
Why is it a good idea to download the sample template from QuickBooks Online before importing a list?
What would you do if a vendor does not show up in the 1099 wizard for filing despite payments being made?
Which feature in QuickBooks Online allows a user to apply a refund to an existing or future bill?
What is the purpose of the Undeposited Funds account in QuickBooks Online?
Which activities can help check how sales tax is set up in a QuickBooks Desktop company?
When comparing Projects to Sub-customers, which characteristic is correct?
Which type of transactions cannot be tagged at this time within QuickBooks online?
How can you set up QuickBooks Online to calculate sales tax based on location for future transactions?
How can clients modify the email that is sent to customers with the sales receipt?
How can one access the vendor credit screen in QuickBooks Online?
What should be checked when dealing with unreconciled accounts?
What QuickBooks Online version is required for tracking profitability and creating budgets?
What aging options are available for aging reports?
What benefits can nonprofits gain from using advanced categorization along with existing accounts and subaccounts?
Which of the following is true about the Reclassify transactions tool?
Which of the following statements about journal entries in QuickBooks Online is true?
In which area of QuickBooks Reports center can you create visual charts of financial data?
In which 2 formats can you export a management report?
Where can you find the online delivery settings in QuickBooks Online?
Which of the following account types cannot be merged in the chart of accounts?
To effectively manage tasks, what feature does the Tasks center provide?
Which chart type is not available in the Performance center visualization options?
What is one method to create customer statements in QuickBooks Online?
How can a client change the template for a sales receipt in QuickBooks?
When is it appropriate to record a bill in QuickBooks Online?
What type of income shows customer payments that have not yet been applied to an invoice in a cash-basis report?
In what scenario would you not want to use the Add funds to this deposit grid?
Which tool in QuickBooks Online Accountant helps identify transactions that may have been removed accidentally from the company file?
How can you exclude a duplicate bank transaction from the For Review tab in QuickBooks Online?
What feature does QuickBooks Online provide for tracking sales, sales tax, and inventory?
Which statement is true regarding invoices when the markup is enabled?
When is the most suitable time to convert a QuickBooks Desktop company file that has payroll enabled?
What action can a user take if they need to consolidate duplicate accounts?
How would you best describe a product or service bundle?
Which statements are true about corporate credit cards in QuickBooks Online?
What must you select on a purchase form when using a product or service?
Where do you go to enable inventory tracking in QuickBooks Online?
What is a primary function of rules in QuickBooks Online?
Which QuickBooks Online billing options provide a discount on QuickBooks Time?
What type of backup saves everything, including company data?
Where does a cash-basis Profit and Loss report show customer payments that haven't been applied to an invoice?
Which three statements are correct regarding reconciling a bank account in QuickBooks Online?
Where can clients view requests sent to them in QuickBooks Online?
Which feature would you use to change negative numbers to appear in red on a report in QuickBooks Online's classic view?
What is required to merge two accounts in QuickBooks Online?
Why do clients need to add a journal entry when creating a zero dollar sales receipt for free samples?
Which report indicates when QuickBooks online users signed in and out?
How do memorized transactions that are set for automatic entry in QuickBooks Desktop convert to QuickBooks Online?
For a price discount rule during a sale, which adjustment method should be selected?
Which option is NOT a user type that can be set up for clients in QuickBooks Online?
Which of the following does not apply when categorizing transactions in QuickBooks Online?
Why might QuickBooks Online not suggest a match for a bank transaction?
What report should a retail client use to determine how much they can afford to spend for a second store?
Which statements are true about the "Forward from email" option in QuickBooks Online?
What user type should be assigned to nonprofit board members for report access?
Which statements are true about Spreadsheet Sync?
What is the function of the View return option when recording a tax payment?
Where do clients go to send invites to employees to submit expenses directly to QuickBooks Online Advanced?
How can you customize a report to find any open balances?
What should a client do if calculated accumulated depreciation doesn't match existing records when adding an asset?
Which QuickBooks Online Advanced feature can you access from + New?
When should a client use an expense transaction in QuickBooks Online?
Which actions could cause accounts receivable (A/R) and accounts payable (A/P) accounts to be over- or understated?
Which statements are true about bank-to-bank transfer matching?
How can keyboard shortcuts be accessed in QuickBooks Online?
What needs to be created for each sale that shows up on a client's z-tape report from their POS system?
Where in QuickBooks Online Accountant would a client find the link to upgrade their subscription level?
To enable account numbering in the chart of accounts, where should you go?
Which statements are true regarding importing lists into QuickBooks Online?
What are two formats you can export custom reports in QuickBooks Online Advanced?
What are the four pieces of information QuickBooks Online uses to calculate sales tax on an invoice?
In Classic View, which reports can a client filter by Customer Type?
How can a user make a report available to be sent via email on a scheduled basis?
What should be done if a balance sheet account needs to be deleted but has transactions recorded?
What does Spreadsheet Sync allow users to do from the Reports center?
How can Shruti ensure the Estimates vs. Actuals tile reflects the estimated costs in QuickBooks?
Where can account numbers be enabled for an existing chart of accounts in QuickBooks Online?
Which two options allow you to go directly into a client's QuickBooks Online company?
In which situation would you use the Add funds to this deposit grid?
Which actions can be performed using progress invoicing in QuickBooks Online?
What does QuickBooks Online do if the service/task wasn't specified when invoicing for billable time?
Which five items are accessible from the Your Practice area in QuickBooks Online Accountant?
Which three conditions could lead to an inaccurate beginning balance of a bank or credit card reconciliation?
What does QuickBooks Online Accountant provide for accountants?
When saving an inventory adjustment, what does QuickBooks Online automatically record an adjustment to?
What is a true statement about the Revenue Recognition feature?
Which statement is correct regarding the application of a vendor credit?
Who can access notes saved in the Client details screen?
Why can't you use an inventory quantity adjustment to reduce inventory for donations?
Which actions should you take to prepare the file for conversion? Select all that apply.
Which details are included in transactions imported using the App transactions tab in QuickBooks Online?
What is the only type of transaction that can be batch-created, batch-modified, or batch-deleted?
Which three criteria can be specified in a bank rule condition?
What is a unique feature of QuickBooks Time Elite regarding project management?
What kind of report best provides an overview of a client’s financial performance over time?
Which statements about creating a client request in QuickBooks Online Accountant are true?
What account is used to hold funds until revenue is recognized in a service setup?
What feature is available for tracking financial performance in QuickBooks Online Advanced?
Where can you enable the Price rules feature in QuickBooks Online?
Which report organizes financial transactions and assists in financial analysis?
What is NOT a benefit of using apps with QuickBooks online?
What type of assessment is used in accrual-based reporting?
Which two characteristics indicate a company is ready to upgrade to QuickBooks Online Advanced?
Which type of service is ideal for tracking employee time specifically in QuickBooks Online?
Before deleting a balance sheet account that has a non-zero balance, what should you do?
For which type of company should a non-zero initial quantity on hand for inventory items be entered manually during setup?
What type of items would benefit from a description stating "should be positive" in a daily sales summary?
Which of the following is NOT an item type available in QuickBooks Online?
What is one of the main benefits of accessing the Priority Circle?
What method should be used to write off invoices in a closed period for a client using accrual-basis reporting?
Where might users find the tools needed for reclassifying transactions?
What can be done to resolve discrepancies in transactions?
What are the benefits of using QuickBooks Time?
Which of the following statements about running reports with tags is true?
Which feature allows administrators to view specific time-related reports?
What is one way to start setting up QuickBooks Bill Pay?
Which statement about the transfer feature is correct?
What information source can provide insight into discrepancies when comparing reports?
Which setting is crucial to check before generating financial reports?
How can expense claims be submitted by workers according to QuickBooks Online Advanced?
What are the recognized methods for managing prepayments to vendors in QuickBooks Online?
What is the best way to compare two reports at the same time in QuickBooks Online?
Which report assists a client in determining available cash for a new investment?
What can be done in the wrap-up tab of books review in QuickBooks Online Accountant?
Which three statements regarding bank rules are true?
Which feature allows for direct invoicing to different addresses in QuickBooks Online?
How does QuickBooks Online notify you of a discrepancy in the beginning balance during reconciliation?
Where can a client’s Company ID be found in QuickBooks Online?
What unique capability do sub-customers have over projects when tracking jobs?
What is the primary purpose of the budgeting feature in QuickBooks Online?
What role access would an accounts receivable manager require?
What can clients edit in the sales tax settings?
Which of the following accounts typically would not have a budget set in QuickBooks Online?
Which 2 of these statements about scheduled reports in QuickBooks Online are true?
What is a key advantage of Location tracking for a construction company with multiple sites?
When using inventory adjustments, what type of account records the impact on inventory shrinkage?
Classes affect only what aspect of the transaction?
Which statement accurately reflects the use of a product or service bundle?
What is one benefit of connecting bank and credit card accounts to QuickBooks Online?
If a client is using QuickBooks Online Simple Start or Essentials, what limitation do they face?
Where do clients need to go to sign up for a new QuickBooks Payments account?
Which of these categorization methods can help track income and expense transactions by function?
What dates and amounts should you use when entering outstanding checks and deposits into a new QuickBooks Online file?
In which situation would you use the Additional payments to deposit on a Deposit transaction?
What should be done if the file conversion leads to loss of specific templates?
Which types of organizations are typically not subject to sales tax?
How many parents can a location have in QuickBooks Online?
What limitation exists regarding the number of hierarchical levels of locations in QuickBooks Online?
Which statement is NOT true about QuickBooks Online Accountant?
What feature could help a client who miscategorizes payments to a credit card in QuickBooks Online?
Projects in QuickBooks are most similar to which other transaction categorization feature?
What should you do to streamline the purchasing process once the customer approves an estimate?
What is the best way to show income and expense trends over time in QuickBooks Online?
Which accounts must be assigned to a new inventory item?
How can a client transfer funds from a savings account into a checking account?
What action should be taken if an estimated cost does not appear in the Estimates vs. Actuals report?
Which of the following is a characteristic of a sales receipt?
What type of transaction allows clients to track job costs without affecting financial statements?
What is one possible way to enter a transaction for a bounced check observed from bank records?
Which of the following is not a benefit of QuickBooks Online Advanced?
Which three transaction types can be assigned in a rule for money-out transactions?
What feature allows clients to restore data to previous versions for security?
Where should a client go to start creating an estimate for a potential customer?
What should be considered if a client has vehicle changes during the year?
Which 4 visualization options are available in the Performance center?
Which feature is found in QuickBooks Online for tracking sales activity?
What is a restriction regarding team members logged into Spreadsheet Sync for the same company?
When might you use the Setup screen in the Books review feature?
Which statement about setting up Location tracking in QuickBooks Online is accurate?
How many parents can a sub-customer have in QuickBooks Online?
Which types of customer statements can QuickBooks Online generate?
What can clients do with sales receipts in QuickBooks Online?
Which inventory features available in QuickBooks Desktop are also found in QuickBooks Online Plus and Advanced?
Which of the following can be invoiced at a later date in QuickBooks Online?
What is a potential risk of posting payments before creating invoices?
How can new projects be added to the Projects center in QuickBooks Online?
What fields can be found in the Reclassify Transactions screen?
Where would you go to enter a new cash expense in QuickBooks Online?
Which QuickBooks Online feature is exclusive to accountant users and client users with administrative privileges?

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy