What type of business relies on knowing their inventory at all times? - ANSWER B2B
Wholesale businesses
*** Managing inventory and avoiding out-of-stock situations is critical to the success of what
type of business, as well as understanding cash flow and balance sheets? - ANSWER Re-
tail and e-commerce businesses
What are the three different ways to get information into QuickBooks Online? - ANSWER
1. Convert data in existing QuickBooks Desktop software
2. Import customers, vendors, Chart of Accounts, and products and services lists from Excel
3. Enter all data manually
What are the five different subscription plans available on QuickBooks Online? - ANSWER
Self-Employed, Simple Start, Essentials, Plus, and Advanced
What is considered the backbone of accounting software? - ANSWER The Chart of Ac-
counts, including all assets, liabilities, income and expenses
In wholesale billing, who is billed monthly for the subscription of QBO? - ANSWER the Ac-
countant
How much does the Accountant user pay for wholesale billing? - ANSWER 50% wholesale
discount
What is a perk of wholesale billing? - ANSWER The Accountant user decides how the cli-
ents will be billed.
1
Wholesale businesses
*** Managing inventory and avoiding out-of-stock situations is critical to the success of what
type of business, as well as understanding cash flow and balance sheets? - ANSWER Re-
tail and e-commerce businesses
What are the three different ways to get information into QuickBooks Online? - ANSWER
1. Convert data in existing QuickBooks Desktop software
2. Import customers, vendors, Chart of Accounts, and products and services lists from Excel
3. Enter all data manually
What are the five different subscription plans available on QuickBooks Online? - ANSWER
Self-Employed, Simple Start, Essentials, Plus, and Advanced
What is considered the backbone of accounting software? - ANSWER The Chart of Ac-
counts, including all assets, liabilities, income and expenses
In wholesale billing, who is billed monthly for the subscription of QBO? - ANSWER the Ac-
countant
How much does the Accountant user pay for wholesale billing? - ANSWER 50% wholesale
discount
What is a perk of wholesale billing? - ANSWER The Accountant user decides how the cli-
ents will be billed.
1
