12/23/23,p4:11pP QuickpBookspOnlinepCertificationpExampAnswerspQuestion
M s
110+ QuickBooks Online Certification
p p p p
Exam Answers & Questions List
p p p p
ExampDuration:p2ptop3p hours
Totalp Sections:p 5
TotalpnumberpofpQuestions:p75pMinim
ump Passingp Score:p 80%p inp eachp Section
CertificationpValidity:p 365pDays
Questionp(1):pQuickBookspOnlinephaspsomepgreatpfeatures.pClientspcanpusepOnlinepInvoicin
g,pwhichpwillptrackpwhenpthey’vepbeenpviewedpandppaid.pOnlinepInvoicingpevenpallowspforpc
ustomerpqueriesp viap onlinep messagesp directlyp linkedp top thep invoice.p Youp nowp needp top enable
p thisp featurepinpthepnewpclientpcompanypyou’repsettingpup.pTakepaplookpatpthepstepspbelow
1. Selectp thep Gearp icon,p andp selectpAccount p andp Settings,p underp thep Yourp companyp column)
2. p andpscrollpdownptopthepOnlinepdeliverypsection
3. p
top ensurep thatpAttachp invoicep asp pdfp isp uncheckedp Canp youp identifyp thepmissingpste
ps?
Answer:
Stepp2:pSelectpthepSalesptab,
Stepp3:pFrompthepdrop-downplist,pclickponpthepOnlinepinvoice.
Questionp (2):p Yourpclientp haspaskedpyouptopturnponpwarningspforpduplicatepcheckpan
dpbillpnumberspinptheirpQuickBookspOnlinepcompany.pTakepaplookpatpthepstepspbelow
.
1.pppp
2. UnderpYourpCompany,pselectpAccountpandpSettings
3. Selectp Advancedp tab
4. InpthepOtherppreferencespsection,pselectpthepoptionptopwarnpifpduplicatepcheckpnum
berpispusedpandpwarnpifpapduplicatepbillpnumberpispused
5.pppp
6.p StartingpatpthepQuickBookspOnlinepDashboard,pwhichpoptionpwouldpcompletepthepfollo
wingpsteps?
https://www.wizxpert.com/quickbooks-online-certification-exam-answers/
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,12/23/23,p4:11pP QuickpBookspOnlinepCertificationpExampAnswerspQuestion
M s
Answer:
Stepp1:pSelectpthepGearpico
n,pStepp5:pSelectpSave
Questionp (3):p Yourpclientpdoesn’tpwantptoppaypapmonthlypfeepforptheirpQuickBooksPaymen
tspmerchantpaccount.pWhatpanotherpoptionpispavailableptopthem,pandpwhereinpQuickBooksp
OnlinepcanptheypsignpuppforpQuickBooksPayments?
Answer:p Therepispanotherpplanpwhichpmeanspthepcustomerppaysptheptransactionpcharge;pIn
pthepBillingpandpSubscriptionptabpofpAccountpandpSettings.
Questionp (4):p Yourpclientphaspmovedpandpneedspyouptopmodifypthepbusinesspaddressp
ofpthepcompanypinpQuickBookspOnline.pTakepaplookpatpthepstepspbelow.
1.p Signp inp top yourp QuickBooksp OnlinepAccountantp account
2.pppp
3.p You’llpseepthepclientpcompanypdashboard
4.pppp
5. SelectpAccountp andp Settings6.p Selectp thep Pencilp iconp inp thepAddressp sectionp of
p thepCompanyptab
6. Whatparepthepmissingpstepsptopgetpyouptopthepscreenptopeditpthepaddresspforpyourpclient?
Answer:
Stepp2:pSelectpthepclientpcompanypfrompthepClientpSwitcherpdrop-
downpinpthepgreenpheaderpbar.pStepp4:pSelectpthepGearpicon.
Questionp (5):p Apgreatpfeaturepofp QuickBookspOnlinep ispthatpthereparepotherplistspyoupcanp util
izeptopmakepitpeasierptopfillpinpforms.pWherepwouldpyoupgoptopfindptheseplists?
Answer:p Gop top thep Gearp iconp andp selectpAllp Lists
Questionp (6):p Wherepcanpyoup goptopQuickBookspOnlineptopimportpaplistpofpproduct
spandpservices?
Answer:pSelectpthepGearpiconpandpunderpthepToolspcolumn,pselectpImportpData,pthenpPro
ductspandpservices.
https://www.wizxpert.com/quickbooks-online-certification-exam-answers/
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,12/23/23,p4:11pP QuickpBookspOnlinepCertificationpExampAnswerspQuestion
M s
Questionp(7):pWhatpispthepdifferencepbetweenpthep<ProfitpandpLosspReport=pandpthep<Bal
ancepSheetpReport=?
Answer:
● P&Lp showsp activities:p incomep andp expensesp top arrivep atp Netp Incomep (Profit)p forp ap sp
ecificptimepperiod.
● Thep Balancep Sheetp showsp values:pAssets p andp Liabilitiesp top arrivep atp Equityp (Netp W
orth)paspofpapspecificpdate.
● ThepNetpincomepfrompthepProfitp&pLossppasspthroughpthepequitypsectionpinpthepbal
ancepsheet
Questionp (8):p ThepChartpofpAccountspliespatpthepheartp ofpapQuickBookspOnlinepcompany.p
Whichp5pofpthepfollowingpstatementspareptruepaboutpthepChartpofpAccounts,phowptopmakepchan
gesptopthep Chartp ofpAccounts,p andp howp productsp andp servicesp arep linkedp top thep Chartp ofpAcc
ounts?
Answer:
● Top addp ap newp account,p youp openp thep Chartp ofp Accountsp byp selectingpAccountingp fro
mp thepleftp navigation,p thenp selectp Newp top openp thepAccountp window
● ThepSalespofpProductpIncomepaccountpispapdefaultpaccountpwhenpinventorypispturnedpon
UncategorizedpIncomepandpUncategorizedpExpenseparepdefaultpaccountspforponl
inepbankingpactivity
● Ifpyoupaddpapnewpaccount,pthepcategoryptypepdeterminesponpwhichpfinancialpstatemen
tpthispaccountpwillpshow
● Deletep anp accountp fromp thep Chartp ofpAccountsp ifp itp isp notp relevantp top yourp business
Questionp(9):pIfpyoupwantptopgiveponeporpmorepofpyourpemployee’spaccessptopYourpPractice,
pwhatptypespofpuserppermissionspcanpbepsetpup?
Answer:p Regularporpcustompuser,pCompanypadministrator,pReportsponlypandpTimepTrackingponly.
Questionp(10):pLookpatpthepfollowingp2pstatements:
1. Statementp 1p -<QuickBooksp Online ispthepdo-it-for-
mepoption;papcompleteppayrollpservicepwithpapteampofpUS-
basedppayrollpexpertsptoptakepcarepofppayrollpforpyourpclient.=
2. Statementp 2p -<Youpcanpalsoplinkpup
withpQuickBooksptopsimplifypworkflowpandpsavepyourselfpapsignificantpamountpofptime.
pYou’llpbenefitpfrompapseamless,
end-to-
endpexperiencepthatptranslatespapclient’spQuickBookspOnlinepbookspintopaptaxpret
urn.=
Identifypthepproductspthatpfitpinpthepspacesptopcorrectlypcompletepthepstatements.
Answer:p Statementp 1:p Full-Servicep Payroll;p Statementp 2:p ProConnectpTaxp Online
https://www.wizxpert.com/quickbooks-online-certification-exam-answers/
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, 12/23/23,p4:11pP QuickpBookspOnlinepCertificationpExampAnswerspQuestion
M s
Questionp (11):p Yourpclientpwantsptoptransferp$500pfromptheirpcheckingpaccountpintopapsavin
gspaccountptopcoverptaxpliabilitiespforpsalespmadeplastpmonth.pWherepshouldptheypstartpthep
process?
Answer:p NavigateptopthepQuickpCreatepicon,pthenpfindpthepTransferplink.
Questionp (12):p Lookp atp thesep twop sentencesp aboutp Undepositedp Funds.
1. Byppostingptop UndepositedpFunds,pyoupcanpcreatepapsinglepbankpdepositpforpmu
ltipleppayments,pmakingpitpeasy .
2. Whenpreceivingpappayment,pmakepsure .
Whichpofpthepoptionspbelowpcorrectlypfillspinpthepblanks?
Answer:pTopmatchpyourpbankpregisterpwithpyourpbankpstatement;p2.pthepDepositptopacco
untpispUndepositedpFunds
Questionp (13):p Youphavepapclientpbusinesspwhopusespinvoicing,pthepAccountspReceivablepw
orkflowpandptheypusepthepBankingpscreenptoprecordpapcustomerppaymentpreceived.pTheypsel
ectpanp incomep accountp andp thenp selectpAdd.p Whatp 2p problemsp willp thisp cause?
Answer:
● TheirpAccountsp Receivablep balancep willp notp bep accurate
● Thepincomepaccountpwillpshowpduplicatepincome
Questionp (14):p Whenpwouldpyoup usepthepAddpotherpfundsp topthispdepositpgridpinpapD
epositpTransaction?pIdentifypthep3pcorrectpoptionspbelow.
Answer:
● Whenpanpemployeepreimbursespthepcompany
● YoupreceivepaptaxprefundpfrompthepIRS
● Whenpapcompanypdoesn’tprecordpincomepusingpsalesptransactionsp(invoicesporps
alespreceipts),pandpwantsptoprecordpdepositspdirectlyptopincomepaccounts
Questionp (15):p Whichp2pofptheptransactionspandptoolspinptheplistparepPostingptransactions?
Answer:
● Creditp memos
● Vendorp credits
https://www.wizxpert.com/quickbooks-online-certification-exam-answers/
about:blank 4/39
M s
110+ QuickBooks Online Certification
p p p p
Exam Answers & Questions List
p p p p
ExampDuration:p2ptop3p hours
Totalp Sections:p 5
TotalpnumberpofpQuestions:p75pMinim
ump Passingp Score:p 80%p inp eachp Section
CertificationpValidity:p 365pDays
Questionp(1):pQuickBookspOnlinephaspsomepgreatpfeatures.pClientspcanpusepOnlinepInvoicin
g,pwhichpwillptrackpwhenpthey’vepbeenpviewedpandppaid.pOnlinepInvoicingpevenpallowspforpc
ustomerpqueriesp viap onlinep messagesp directlyp linkedp top thep invoice.p Youp nowp needp top enable
p thisp featurepinpthepnewpclientpcompanypyou’repsettingpup.pTakepaplookpatpthepstepspbelow
1. Selectp thep Gearp icon,p andp selectpAccount p andp Settings,p underp thep Yourp companyp column)
2. p andpscrollpdownptopthepOnlinepdeliverypsection
3. p
top ensurep thatpAttachp invoicep asp pdfp isp uncheckedp Canp youp identifyp thepmissingpste
ps?
Answer:
Stepp2:pSelectpthepSalesptab,
Stepp3:pFrompthepdrop-downplist,pclickponpthepOnlinepinvoice.
Questionp (2):p Yourpclientp haspaskedpyouptopturnponpwarningspforpduplicatepcheckpan
dpbillpnumberspinptheirpQuickBookspOnlinepcompany.pTakepaplookpatpthepstepspbelow
.
1.pppp
2. UnderpYourpCompany,pselectpAccountpandpSettings
3. Selectp Advancedp tab
4. InpthepOtherppreferencespsection,pselectpthepoptionptopwarnpifpduplicatepcheckpnum
berpispusedpandpwarnpifpapduplicatepbillpnumberpispused
5.pppp
6.p StartingpatpthepQuickBookspOnlinepDashboard,pwhichpoptionpwouldpcompletepthepfollo
wingpsteps?
https://www.wizxpert.com/quickbooks-online-certification-exam-answers/
about:blank 1/39
,12/23/23,p4:11pP QuickpBookspOnlinepCertificationpExampAnswerspQuestion
M s
Answer:
Stepp1:pSelectpthepGearpico
n,pStepp5:pSelectpSave
Questionp (3):p Yourpclientpdoesn’tpwantptoppaypapmonthlypfeepforptheirpQuickBooksPaymen
tspmerchantpaccount.pWhatpanotherpoptionpispavailableptopthem,pandpwhereinpQuickBooksp
OnlinepcanptheypsignpuppforpQuickBooksPayments?
Answer:p Therepispanotherpplanpwhichpmeanspthepcustomerppaysptheptransactionpcharge;pIn
pthepBillingpandpSubscriptionptabpofpAccountpandpSettings.
Questionp (4):p Yourpclientphaspmovedpandpneedspyouptopmodifypthepbusinesspaddressp
ofpthepcompanypinpQuickBookspOnline.pTakepaplookpatpthepstepspbelow.
1.p Signp inp top yourp QuickBooksp OnlinepAccountantp account
2.pppp
3.p You’llpseepthepclientpcompanypdashboard
4.pppp
5. SelectpAccountp andp Settings6.p Selectp thep Pencilp iconp inp thepAddressp sectionp of
p thepCompanyptab
6. Whatparepthepmissingpstepsptopgetpyouptopthepscreenptopeditpthepaddresspforpyourpclient?
Answer:
Stepp2:pSelectpthepclientpcompanypfrompthepClientpSwitcherpdrop-
downpinpthepgreenpheaderpbar.pStepp4:pSelectpthepGearpicon.
Questionp (5):p Apgreatpfeaturepofp QuickBookspOnlinep ispthatpthereparepotherplistspyoupcanp util
izeptopmakepitpeasierptopfillpinpforms.pWherepwouldpyoupgoptopfindptheseplists?
Answer:p Gop top thep Gearp iconp andp selectpAllp Lists
Questionp (6):p Wherepcanpyoup goptopQuickBookspOnlineptopimportpaplistpofpproduct
spandpservices?
Answer:pSelectpthepGearpiconpandpunderpthepToolspcolumn,pselectpImportpData,pthenpPro
ductspandpservices.
https://www.wizxpert.com/quickbooks-online-certification-exam-answers/
about:blank 2/39
,12/23/23,p4:11pP QuickpBookspOnlinepCertificationpExampAnswerspQuestion
M s
Questionp(7):pWhatpispthepdifferencepbetweenpthep<ProfitpandpLosspReport=pandpthep<Bal
ancepSheetpReport=?
Answer:
● P&Lp showsp activities:p incomep andp expensesp top arrivep atp Netp Incomep (Profit)p forp ap sp
ecificptimepperiod.
● Thep Balancep Sheetp showsp values:pAssets p andp Liabilitiesp top arrivep atp Equityp (Netp W
orth)paspofpapspecificpdate.
● ThepNetpincomepfrompthepProfitp&pLossppasspthroughpthepequitypsectionpinpthepbal
ancepsheet
Questionp (8):p ThepChartpofpAccountspliespatpthepheartp ofpapQuickBookspOnlinepcompany.p
Whichp5pofpthepfollowingpstatementspareptruepaboutpthepChartpofpAccounts,phowptopmakepchan
gesptopthep Chartp ofpAccounts,p andp howp productsp andp servicesp arep linkedp top thep Chartp ofpAcc
ounts?
Answer:
● Top addp ap newp account,p youp openp thep Chartp ofp Accountsp byp selectingpAccountingp fro
mp thepleftp navigation,p thenp selectp Newp top openp thepAccountp window
● ThepSalespofpProductpIncomepaccountpispapdefaultpaccountpwhenpinventorypispturnedpon
UncategorizedpIncomepandpUncategorizedpExpenseparepdefaultpaccountspforponl
inepbankingpactivity
● Ifpyoupaddpapnewpaccount,pthepcategoryptypepdeterminesponpwhichpfinancialpstatemen
tpthispaccountpwillpshow
● Deletep anp accountp fromp thep Chartp ofpAccountsp ifp itp isp notp relevantp top yourp business
Questionp(9):pIfpyoupwantptopgiveponeporpmorepofpyourpemployee’spaccessptopYourpPractice,
pwhatptypespofpuserppermissionspcanpbepsetpup?
Answer:p Regularporpcustompuser,pCompanypadministrator,pReportsponlypandpTimepTrackingponly.
Questionp(10):pLookpatpthepfollowingp2pstatements:
1. Statementp 1p -<QuickBooksp Online ispthepdo-it-for-
mepoption;papcompleteppayrollpservicepwithpapteampofpUS-
basedppayrollpexpertsptoptakepcarepofppayrollpforpyourpclient.=
2. Statementp 2p -<Youpcanpalsoplinkpup
withpQuickBooksptopsimplifypworkflowpandpsavepyourselfpapsignificantpamountpofptime.
pYou’llpbenefitpfrompapseamless,
end-to-
endpexperiencepthatptranslatespapclient’spQuickBookspOnlinepbookspintopaptaxpret
urn.=
Identifypthepproductspthatpfitpinpthepspacesptopcorrectlypcompletepthepstatements.
Answer:p Statementp 1:p Full-Servicep Payroll;p Statementp 2:p ProConnectpTaxp Online
https://www.wizxpert.com/quickbooks-online-certification-exam-answers/
about:blank 3/39
, 12/23/23,p4:11pP QuickpBookspOnlinepCertificationpExampAnswerspQuestion
M s
Questionp (11):p Yourpclientpwantsptoptransferp$500pfromptheirpcheckingpaccountpintopapsavin
gspaccountptopcoverptaxpliabilitiespforpsalespmadeplastpmonth.pWherepshouldptheypstartpthep
process?
Answer:p NavigateptopthepQuickpCreatepicon,pthenpfindpthepTransferplink.
Questionp (12):p Lookp atp thesep twop sentencesp aboutp Undepositedp Funds.
1. Byppostingptop UndepositedpFunds,pyoupcanpcreatepapsinglepbankpdepositpforpmu
ltipleppayments,pmakingpitpeasy .
2. Whenpreceivingpappayment,pmakepsure .
Whichpofpthepoptionspbelowpcorrectlypfillspinpthepblanks?
Answer:pTopmatchpyourpbankpregisterpwithpyourpbankpstatement;p2.pthepDepositptopacco
untpispUndepositedpFunds
Questionp (13):p Youphavepapclientpbusinesspwhopusespinvoicing,pthepAccountspReceivablepw
orkflowpandptheypusepthepBankingpscreenptoprecordpapcustomerppaymentpreceived.pTheypsel
ectpanp incomep accountp andp thenp selectpAdd.p Whatp 2p problemsp willp thisp cause?
Answer:
● TheirpAccountsp Receivablep balancep willp notp bep accurate
● Thepincomepaccountpwillpshowpduplicatepincome
Questionp (14):p Whenpwouldpyoup usepthepAddpotherpfundsp topthispdepositpgridpinpapD
epositpTransaction?pIdentifypthep3pcorrectpoptionspbelow.
Answer:
● Whenpanpemployeepreimbursespthepcompany
● YoupreceivepaptaxprefundpfrompthepIRS
● Whenpapcompanypdoesn’tprecordpincomepusingpsalesptransactionsp(invoicesporps
alespreceipts),pandpwantsptoprecordpdepositspdirectlyptopincomepaccounts
Questionp (15):p Whichp2pofptheptransactionspandptoolspinptheplistparepPostingptransactions?
Answer:
● Creditp memos
● Vendorp credits
https://www.wizxpert.com/quickbooks-online-certification-exam-answers/
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