QuickBooks Inuit Certification 2nd Try with
100% Correct Answers
For which two reasons should you correct your online bank accounts to QuickBooks Online? (Choose
2)
A) To automatically download and categorize your bank and credit card transactions.
C) To help prevent data entry errors
In QuickBooks Online, which items should you mark as Billable?
D) Expenses for which a customer should reimburse you
Identify the difference between recording expenses on a bill and on a check
Complete the sentences by selecting the correct option from each drop down list.
A bill debits __E__ and credits __AP__
A check debits __AP__ and credits __BANK___
A vendor currently has payment terms of Net 10. The terms change to Net 15 starting today for all
future bills. This is a new term that you have not used before
Which two actions must you complete to support this change? (Choose 2)
B) In the All Lists area, go to the Terms list. Add the term "Net 15" to the list
D) Edit the vendor record. In the Terms list, select Net 15
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 a Non-inventory item
1) Hangers on which you display shirts
2) Shirts you regularly stock and sell to customers
3) A shirt you order for a specific customer but do not usually sell
1) Non-inventory
2) Inventory
3) Non-inventory
What information does an Accounts Receivable Aging report present?
A) Overdue invoices with due dates, days past due, and totals for each customer
For each statement about QuickBooks Online default user types, select True or False
1) Time tracking-only and Reports-only user types do not count toward user limits
2) Standard users can enter timesheets, add users, update company info, or manage subscriptions.
3) The Master Admin user is a permanent user account and its controls cannot be transferred or
assigned to a new user.
1) True
2) True
3) False
For which three reasons would you install QuickBooks Online apps? (Choose 3)
B) To automate tasks such as data entry
D) To add additional data tracking and reporting capabilities
F) To tailor QuickBooks online for specific industries such as real estate.
, During a business trip, you pay for expenses using the company credit card.
After the trip, you need to upload your expense receipts to QuickBooks.
Which two methods can you use? Each answer is a complete solution. (Choose 2)
B) From the QuickBooks Online mobile app, take a picture of each receipt.
D) Scan each receipt to a PDF file and email the files to QuickBooks Online.
In what way does the QuickBooks payments feature differ from traditional payments?
D) When a customer pays through QuickBooks Payments, QuickBooks Online automatically receives
the payment.
What is a bank rule?
D) A list of criteria QuickBooks Online uses to automatically categorize transactions for you.
Which QuickBooks Online transactions can be made recurring?
A) Check and Journal Entry
You are setting up products and services in QuickBooks Online
For which items is the "Income account used when recording a sale" field available?
B) Inventory items and Service items
You need to share a report
For each method, select Yes if you can share reports by using this method or No if you cannot
1) Email
2) Save as PDF
3) Export to Google Sheets
1) No
2) Yes
3) Yes
You are reviewing donwloaded bank and credit card transactions.
You need to select the correct action for each transaction.
Move each action from the list on the left to its description on the right.
1) Creates a new transaction
2) Categorizes parts of a transaction differently
3) Links the new transaction with an existing transaction
4) Displays multiple transactions that might match an existing transaction
1) Add
2) Split
3) Match
4) View
What is the reason for setting up products or services in QuickBooks Online?
C) To automatically schedule reordering of items that are out of stock
100% Correct Answers
For which two reasons should you correct your online bank accounts to QuickBooks Online? (Choose
2)
A) To automatically download and categorize your bank and credit card transactions.
C) To help prevent data entry errors
In QuickBooks Online, which items should you mark as Billable?
D) Expenses for which a customer should reimburse you
Identify the difference between recording expenses on a bill and on a check
Complete the sentences by selecting the correct option from each drop down list.
A bill debits __E__ and credits __AP__
A check debits __AP__ and credits __BANK___
A vendor currently has payment terms of Net 10. The terms change to Net 15 starting today for all
future bills. This is a new term that you have not used before
Which two actions must you complete to support this change? (Choose 2)
B) In the All Lists area, go to the Terms list. Add the term "Net 15" to the list
D) Edit the vendor record. In the Terms list, select Net 15
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 a Non-inventory item
1) Hangers on which you display shirts
2) Shirts you regularly stock and sell to customers
3) A shirt you order for a specific customer but do not usually sell
1) Non-inventory
2) Inventory
3) Non-inventory
What information does an Accounts Receivable Aging report present?
A) Overdue invoices with due dates, days past due, and totals for each customer
For each statement about QuickBooks Online default user types, select True or False
1) Time tracking-only and Reports-only user types do not count toward user limits
2) Standard users can enter timesheets, add users, update company info, or manage subscriptions.
3) The Master Admin user is a permanent user account and its controls cannot be transferred or
assigned to a new user.
1) True
2) True
3) False
For which three reasons would you install QuickBooks Online apps? (Choose 3)
B) To automate tasks such as data entry
D) To add additional data tracking and reporting capabilities
F) To tailor QuickBooks online for specific industries such as real estate.
, During a business trip, you pay for expenses using the company credit card.
After the trip, you need to upload your expense receipts to QuickBooks.
Which two methods can you use? Each answer is a complete solution. (Choose 2)
B) From the QuickBooks Online mobile app, take a picture of each receipt.
D) Scan each receipt to a PDF file and email the files to QuickBooks Online.
In what way does the QuickBooks payments feature differ from traditional payments?
D) When a customer pays through QuickBooks Payments, QuickBooks Online automatically receives
the payment.
What is a bank rule?
D) A list of criteria QuickBooks Online uses to automatically categorize transactions for you.
Which QuickBooks Online transactions can be made recurring?
A) Check and Journal Entry
You are setting up products and services in QuickBooks Online
For which items is the "Income account used when recording a sale" field available?
B) Inventory items and Service items
You need to share a report
For each method, select Yes if you can share reports by using this method or No if you cannot
1) Email
2) Save as PDF
3) Export to Google Sheets
1) No
2) Yes
3) Yes
You are reviewing donwloaded bank and credit card transactions.
You need to select the correct action for each transaction.
Move each action from the list on the left to its description on the right.
1) Creates a new transaction
2) Categorizes parts of a transaction differently
3) Links the new transaction with an existing transaction
4) Displays multiple transactions that might match an existing transaction
1) Add
2) Split
3) Match
4) View
What is the reason for setting up products or services in QuickBooks Online?
C) To automatically schedule reordering of items that are out of stock
