Intuit Quickbooks Study Guide 2024 with Complete Solutions

Intuit Quickbooks Study Guide 2024 with
Complete Solutions
You are adding a new customer to Quickbooks Online. You are working in the New You own Customer
Information form. For each statement about the Display name as a field, write True or False:

The display name is optional.
True


You are adding a new customer to Quickbooks Online. You are working in the New You own Customer
Information form. For each statement about the Display name as a field, write True or False:

2-The display name must be unique.
False


You are adding a new customer to Quickbooks Online. You are working in the New You own Customer
Information form. For each statement about the Display name as a field, write True or False:

3-The display name is used to sort customer lists.
True


You are reviewing downloaded bank and credit card transactions. You need to select the correct
action for each transaction.
( Add,Match,Split,View)

Creates a new transaction
Add


You are reviewing downloaded bank and credit card transactions. You need to select the correct
action for each transaction.
( Add,Match,Split,View)

Categorize parts of a transaction differently
Split


You are reviewing downloaded bank and credit card transactions. You need to select the correct
action for each transaction.
( Add,Match,Split,View)

Links the new transaction with an existing transaction
Match


You are reviewing downloaded bank and credit card transactions. You need to select the correct
action for each transaction.
( Add,Match,Split,View)

Displays multiple transactions that might match an existing transaction
View

, You own a retail clothing store. You are setting up QuickBooks Online for your store. You are adding
items that you buy or sell to QuickBooks Online Products and Services. For each item you buy or sell,
indicate whether it is an Inventory item or Non-inventory item.

Hangers on which you display shirts
Non-Inventory


You own a retail clothing store. You are setting up QuickBooks Online for your store. You are adding
items that you buy or sell to QuickBooks Online Products and Services. For each item you buy or sell,
indicate whether it is an Inventory item or Non-inventory item.

Shirts you regularly stock and sell to customers
Inventory


You own a retail clothing store. You are setting up QuickBooks Online for your store. You are adding
items that you buy or sell to QuickBooks Online Products and Services. For each item you buy or sell,
indicate whether it is an Inventory item or Non-inventory item.

A shirt you order for specific customer but do not usually sell
Inventory


Which three actions can you perform from the QuickBooks Online business dashboard?
Review last month's profit and loss data
Add a new customer
Record mileage for a business trip


For which three reasons would you install QuickBooks online apps
To tailor QuickBooks online for specific
To automate task such as data entry
To add additional data tracking and reporting capabilities


For each statement about QuickBooks Online default user types, write True or False.

Standard users can enter timesheets, add users, update company info, or manage subscriptions
False


For each statement about QuickBooks Online default user types, write True or False.

Time tracking-only and Reports-only user types do not count toward user limits.
True


For each statement about QuickBooks Online default user types, write True or False.

The Mast Admin user is a permanent user account and its controls cannot be transferred or assigned
to a new user.
True