Question 1

A bill can be customized in QBO.

Accepted Answer

(In QBO, you cannot customize a Bill.)

Question 2

The user interface is a part of learning how to navigate QBO.

Accepted Answer

The user interface is the visual design and layout of the software, which includes menus, buttons, and other features that users interact with. Learning how to navigate the user interface is an essential part of learning how to use QBO effectively.

Question 3

To prepare for the QuickBooks Online Certified User test,administered by Certiport.com,student can take the practice test at ? HYPERLINK "http://www.mhhe.com/QBO" ?www.mhhe.com/QBO?.

Accepted Answer

The statement is true. To prepare for the QuickBooks Online Certified User test, students can take the practice test at www.mhhe.com/QBO.

Question 4

Students should complete the Online Learning Center's Multiple Choice and True False quizzes for each chapter before taking the 100-question practice certification test.

Accepted Answer

Completing the Online Learning Center's quizzes can help students prepare for the practice certification test.

Question 5

The Certification test does not include questions about editing the chart of accounts.

Accepted Answer

(In Chapter 2, QBO Setup, setting up, adding, editing and saving the chart of accounts is taught and students should know how to do this for the certification test.)

Question 6

Customers are people who purchase products and services from you.

Accepted Answer

Yes, customers are individuals or organizations that buy products or services from a business or a seller.

Question 7

Which of the following objectives does the QBO certification test cover:

Accepted Answer

The QBO certification test covers all of the objectives listed, including QBO setup, purchases, sales, and reports.

Question 8

A document or transaction pattern that is stored so that it can be used again is called a/an:

Accepted Answer

A template is a document or transaction pattern stored for reuse. A business process describes a set of steps to complete a task, while an audit log records events and actions for accountability. Accounts Payable and accounts receivable are specific financial processes, not general transaction patterns. Therefore, the best choice is D, template.

Question 9

What feature lets you save customized reports?

Accepted Answer

The feature that lets you save customized reports is the "Save and name customized report" option. This allows you to name and save the report for future use, making it easier to access and use again in the future. The other options listed (A, C, D, and E) do not specifically apply to saving customized reports.

Question 10

Entering and paying bills is part of the Accounts Payable workflow.

Accepted Answer

Entering and paying bills is a crucial step in the Accounts Payable workflow. It involves receiving and verifying invoices, entering them into the accounting system, and scheduling payments to vendors or suppliers. This helps businesses keep track of their expenses and maintain good relationships with their creditors.

Question 11

The sales module includes the Accounts Receivable (A/R)workflow.

Accepted Answer

The sales module usually includes the A/R workflow, as it is responsible for keeping track of payments owed by customers.

Question 12

Basic accounting knowledge includes all of the following except:

Accepted Answer

Signing in and out of QBO is related to software usage and not specific to basic accounting knowledge. The other options listed are all related to accounting concepts and procedures.

Question 13

QBO's items or products and services are included within the customer center.

Accepted Answer

(Items or products and services include inventory types and specific prices.)

Question 14

When preparing for the QBO certification test,students should know how to:

Accepted Answer

All of the options listed are important skills to have when preparing for the QBO certification test. Completing company settings and preferences, navigating the user interface, setting up beginning balances, completing Accounts Payable and Accounts Receivable workflows, customizing reports, and exporting reports are all topics covered on the exam.

Question 15

What are the steps to run a customized report?

Accepted Answer

To run a customized report, we need to navigate to the Reports tab, then select the My Report tab and choose the report name we want to run.

Question 16

Learning how to export reports to Excel is an important feature of QB Online.

Accepted Answer

Exporting reports to Excel allows for further customization and analysis of data, making it a valuable feature for QuickBooks Online users.

Question 17

The Reports page includes which of following?

Accepted Answer

The Reports page includes all of the following options - Recommended, Frequently run, My custom reports, and Management reports. Therefore, the best choice is E, which includes all of these options.

Question 18

Select the best description for QuickBooks Labs?

Accepted Answer

QuickBooks Labs consists of various experimental plug-ins that can be added to QuickBooks Online to enhance its functionality.

Question 19

For the QBO certification test,students should know how to answer:

Accepted Answer

The QBO certification test primarily assesses a student's knowledge of basic accounting principles and their ability to perform tasks within the QBO software. While familiarity with other accounting software can help, it is not necessary for passing the QBO certification test. Case problems 1 and 2 may be used as examples to assess a student's ability to apply their knowledge to real-world scenarios, but they are not the main focus of the test.

Question 20

The purchases module includes all of the following except:

Accepted Answer

The purchases module typically includes vendor-related activities, bank reconciliation, and accounts payable transactions, but not customer-related activities.

Quiz 11: Certification, quick-Books Labs and Report Customization