Exam (elaborations) QBO 2019 Recertification Exam

Exam (elaborations) QBO 2019 Recertification Exam Michelle Jewelry Company’s finance team is growing and is considering upgrading to QuickBooks Online Advanced to take advantage of the advanced custom user permissions. The new permissions allow you to limit a user’s access to which 2 groups of reports?(Select all that apply)  Basic reports  Sales and customer reports  Employee  Expense and vendor reports  Sales tax  Business overview 2. Which tier will Dianne achieve if she adds two new QuickBooks Online clients to her QuickBooks Online Accountant account?  Silver  Gold  Platinum  Elite  Diamond 3. Dianne Doolittle has received a review on her Find-a-ProAdvisor profile listing and would like to respond to the review. Which steps should she take to leave a response?  It is not possible to respond to reviews written on the Find-a-ProAdvisor website.  Dianne must contact ProAdvisor support to initiate the response request.  Dianne can reply to the review by selecting the Profile icon on the menu bar of QuickBooks Online Accountant, scrolling to the “Client reviews” section and selecting “Reply to review.”  Dianne can reply to the review directly from the Find-a-ProAdvisor website by entering her Intuit ID and password where indicated on the page. 4. What are 3 benefits of adding non-QuickBooks Online clients to your Client List in QuickBooks Online Accountant? (Select all that apply)  You can keep all client contact info, notes, and documents in one place.  You can access all your ProConnect Tax Online clients from the same dashboard.  You can launch your QuickBooks Desktop client companies directly from the Client Dashboard.  You can create projects and tasks for non-QuickBooks Online clients in the Work tab to stay on top of important client deadlines.  You can share documents stored in QuickBooks Online Accountant with the client.  You can add one button for conversion to QuickBooks Online through QuickBooks Online Accountant. 5. Carla is a partner in a firm with over 40 team members who have access to QuickBooks Online Accountant. She needs to assign a payroll specialist to work on a new client that just signed up QBO 2019 Recertification Exam QBO 2019 Recertification Exam with the firm. She needs to: Navigate to ________ in QuickBooks Online Accountant, then _____ Payroll Specialist in the ____________. Fill in the missing steps.  Work; select; second drop-down  Team; type; Search box  Team; select; drop-down  Team; filter for; Gear icon  Work; type; Search box 6. The QuickBooks Online Accountant Work feature supports integration with which popular communication app?   Slack  Facebook Messenger  SMS Texting 7. Dianne Doolittle has opened a client’s QuickBooks Online Company from her Client Dashboard in QuickBooks Online Accountant. She wants to see which apps are connected to the client’s account. Where can she find this information without logging out of the client’s QuickBooks Online account?  Gear icon Account and Settings Billing and Subscriptions  Client Overview Company Setup  Client Overview Common Issues  Left navigation Apps  Left navigation My Accountant 8. The search box in the Client apps screen allows you to search for apps by which 2 criteria?  Name of the app  Apps you connected  Discounted apps  Name of the client  Apps others connected 9. Which 4 features are available in the Work tab in QuickBooks Online Accountant?  You can add new clients to your client list in the Project setup screen.  You can track Projects and Tasks for your Firm’s internal work.  You can create custom Project Templates.  You can bulk-assign Project Templates to many clients.  You can create projects using predefined Quick Start Templates. QBO 2019 Recertification Exam 10. Dianne Doolittle wants to download an itemized invoice for the QuickBooks Online subscriptions on her wholesale billing account for last month. The statement can be downloaded in which 2 file formats?  XLS(X)  CSV  JPEG  PDF 11. MB has permanently deleted a QuickBooks Online client from her client list in QuickBooks Online Accountant, but she still needs to do a tax return for them in ProConnect Tax Online.  What does MB need to do to reinstate access to the client’s tax information?  Tell the client to re-invite MB as an accountant user to their QuickBooks Online account.  Go to Team, select the team member who needs access to the client, select the Client Access tab, check the box next to the client’s name, select Save.  Select the Gear icon at the top right of the Client list, check the box Include inactive clients, select Make active in the Actions column.  Go to her ProConnect Tax Online Client Dashboard and reinstate the client. 12. Stacy needs to install an app for her client’s QuickBooks Online account. Which permission level does she need to have to add the app from the Apps tab in QuickBooks Online Accountant?  Full Access level  Basic level  Firm Master Admin level  Custom level 13. Johanna Day is a QuickBooks Online Advanced certified ProAdvisor at the Platinum Level Tier whose current Advanced certification has expired. After her 90-day grace period, which point balance will Johanna need in order to maintain her Platinum Level status?  100  200  800  1600 14. What is the maximum amount of times the URL for your listing on the Find-a-ProAdvisor directory can be changed?  0  1  3  5 15. Esther will be helping Heather with her firm’s billing, but she does not want Esther to have access to her firm settings or her clients’ QuickBooks Online companies.Which settings should QBO 2019 Recertification Exam Heather select to give Esther the appropriate access to her firm’s books? Refer to the graphic and select the letter of the image that shows the correct settings.  A  B  C Exam Section 2 QBO 2019 Recertification Exam 1. Esther is thrilled to see that paychecks created in QuickBooks Online that have two direct deposit accounts show up in QuickBooks as two separate transactions. Which 2 processes will be made easier by this functionality?  Esther won’t have to create two paychecks for employees who want to use two direct deposit accounts.  The transactions will be easier to reconcile using the Reconcile tool.  The transactions will now match the transactions imported from the bank in the Bank Feed.  Esther won’t have to create an extra Journal entry. 2. Craig’s Design and Landscaping Services recently hired a new employee to help with purchasing . Which feature in QuickBooks Online would help the new employee know who Craig usually purchases specific products and services from?  Price Rules  Vendor Type field  Preferred Vendor field  Preferred Product field 3. Your client, Kellie’s Kandy Shoppe, just started using QuickBooks Online. They collect and remit sales tax. As you set up Kellie’s business in QuickBooks Online, you have found that it will not permit you to use Automated Sales Tax. What are 2 possible reasons why you cannot use Automated Sales Tax?  They are using multicurrency.  They collect and remit sales tax in more than one jurisdiction.  They sell candy across state lines.  They use a cash-based accounting method in QuickBooks Online.  Their company file was recently imported from QuickBooks Desktop. 4. Craig’s Design and Landscaping Service has entered into a subcontracting agreement with Long General Contractors. The contract states a negotiated special price that should be used for each product and service item utilized in the jobs that Craig completes for Long. Which type of Price Rule should you recommend Craig use in this situation?  Percentage  Fixed discount  Custom price per item 5. While completing a client’s May bank reconciliation in QuickBooks Online, you see this alert: “We found a hidden transaction that is affecting your difference.” What are 2 reasons that would cause this message to appear?  A check was voided, but actually cleared the bank in May.  There was a barter transaction in May for a service rendered in June. QBO 2019 Recertification Exam  Your client recorded a deposit with a transaction date in June, but physically deposited it in May.  You client received a pre-payment deposit from a customer in May on an invoice that was dated in June.  Your vendor deposited a post-dated check that you gave them, and the bank accidentally cleared it. 6. Your client, Brian’s Bike Shop, insists on doing all the QuickBooks Online entries himself, but with some guidance from you. In fact, he has not even given you access to his QuickBooks Online company. You have persuaded him to send you a spreadsheet version of the report “Ask My Accountant,” which is a listing of all the transactions posted to his “Ask My Accountant” suspense account for the week. Then, you add your comments and instructions for corrections into the last column and send it back to him. What is Brian’s best option for sending you the “Ask My Accountant” Excel report out of QuickBooks Online?  Create the report every week, export it to Excel, and email from Excel.  Create the report every week and email it as an Excel spreadsheet.  Save the report as a Custom report, Edit it, and set email schedule to weekly. Check “Attach the report as an Excel file.”  Save the report as a Custom report, run it every week, export it to Excel, save the spreadsheet, and attach it to an email message from the email client. 7. Which 2 types of changes can be made on the sales tax calculation screen of an invoice using Automated Sales Tax?  Change the product being sold.  Mark the customer tax-exempt.  Change the company address of the seller.  Override the currently calculated sales tax.  Change your customer to accrual basis on the invoice to calculate the correct amount of sales tax 8. Liz has set up a new employee with Standard user access but has unchecked the Payroll access box. Which part of QuickBooks Online will the new employee not have access to?  Bank register  Employees tab  Workers tab  Report Center 9. Once connected, where can you manage the settings for the Connect to PayPal app?  In QuickBooks, Banking Pencil icon Edit Settings  In QuickBooks, Apps Client apps PayPal Manage Connection  In QuickBooks, Accounting Chart of Accounts PayPal Bank Edit  In PayPal, Settings Apps QuickBooks Settings 10. Which 4 Invoice elements can be customized using the Custom Form Styles Design screen?  Field placement QBO 2019 Recertification Exam  Template  Logo  Color  Font  Field size 11. Where can you turn on Price Rules in QuickBooks Online?  Gear Account and Settings Advanced Automation Turn on price rules  Gear All lists Price Rules  Gear Account and Settings Sales Products and services Turn on price rules  Sales Customers Turn on price rules 12. Your client turned on the Tips function in QuickBooks Online and specified that their team will be getting tips. They then created their first sales transaction with a tip on it. Which 2 statements are true?  The tip amount posts to an Other Current Liability Account.  The tip amount posts to an Income Account.  The Tips account can be changed.  The sales transaction type was an invoice.  Your client must be using QuickBooks Online Plus or Advanced. 13. What are the names of the three tabs listed across the top of the Reports Center?  Favorites, Custom reports, Management reports  Standard, Custom reports, Management reports  Business overview, Favorites, Custom reports  Standard, Business overview, Custom reports 14. How many months of QuickBooks Payments merchant account statements can you view in your Account and Settings?  6  12  18  24 15. Which 4 steps are necessary to complete a migration to the Automated Sales Tax feature?  Select Make the switch in the Tax Center.  Confirm the physical address for the company.  Select where and how often your client files their taxes.  Select the bank account that will be used to pay the sales tax agencies.  Review the default tax rate.  Run an Accrual Basis Balance Sheet as of the