QuickBooks® Proficiency Test (B)

QuickBooks® Proficiency Test (B)

Online
Full Name*

First NameLast Name
E-mail*
example@example.com
Phone Number*
Please enter a valid phone number.
You have been directed to take a knowledge test on bookkeeping via QuickBooks®.

You need to pass to succeed to the next part of the candidate selection process.

Good Luck!

1. When you're working in QuickBooks Online, you'll spend most of your time using a form, a list, or a:*

a. Registerb. Chart of Accountsc. Reportd. Graph
2. Which customization would quickly condense the size of a Profit & Loss report:*

a. Filter the report to show only certain date rangeb. Click collapse on the report to show only parent account subtotalsc. Set the total income to be summarized by customer instead of summarized by accountd. Add sub-columns to include previous year amounts and $ difference between current and prior year amounts
3. When you click the Paycheque List tab it will automatically take you back to the Payday tab to View and Print a cheque, Delete a cheque, or Modify the Cheque #s:*

a. Trueb. False
4. Lists save you time and help you enter information consistently and correctly:*

a. Trueb. False
5. You can set up custom pay rates for certain employees:*

a. Trueb. False
6. You can customize any QuickBooks Online reports to show exactly the data you want:*

a. Trueb. False
7. You can enter credit card charges when you charge an item or when you receive the bill. Your choice depends on whether you like to enter information into QuickBooks Online incrementally or all at once:*

a. Trueb. False
8. Using the Company Setup Process to create a new QuickBooks Online company, QuickBooks asks you questions about the type of business you own. It uses your answers to get you started quickly, by setting up the appropriate accounts and lists:*

a. Trueb. False
9. If your QuickBooks Online start date is before today's date, you also need to enter past transactions so that you have complete financial records from the start date forward:*

a. Trueb. False
10. The chart of accounts is the framework used to categorize the information and transactions used to create reports. By using a chart of accounts and creating reports, you'll always know the current state of your business:*

a. Trueb. False
11. QuickBooks Online lists organize a wide variety of information such as:*

a. Data on customersb. Vendors/Suppliersc. Inventory itemsd. All the above
12. In the vendor/supplier center if you notice two or more similar names that refer to the same vendor/supplier, what would you do to clean up the vendor/supplier list:*

a. Merge the similar vendor namesb. Delete the incorrect vendor namesc. Create a parent account for each vendord. Collapse each vendor in the Profit and Loss report
13. The Payment and billing tab is where you record information about each customer's preferred payment method and default terms. For customers who pay by credit card, you cannot enter credit card numbers and expiration dates:*

a. Trueb. False
14. When you receive a bill from a vendor/supplier, you should enter it into QuickBooks Online as soon as you can:*

a. Trueb. False
15. When you pay a bill through the Pay Bills page, QuickBooks Online makes an entry in the accounts payable register, showing a decrease of the total payables. It also creates a cheque from your chequing account to pay the bill:*

a. Trueb. False
16. Which account register do you open to view cheques that have cleared:*

a. Chequing accountb. Accounts receivablec. Cash on handd. Uncategorized income
17. Which of these vendor/supplier-related transactions cannot be launched with one click from the “Quick Create” menu:*

a. Create new vendor/supplierb. Write Chequec. Cash Expensed. Vendor/Supplier Refund
18. You can reconcile any QuickBooks Online bank account, including accounts for savings and money market funds:*

a. Trueb. False
19. Which of the following statements regarding App subscriptions for QuickBooks Online is accurate:*

a. To add an app go to the app developers website and subscribe to it. Then give permission to sync with QuickBooks Onlineb. To add an app, from QBO, go to Intuit and click Find More Apps, and try it for freec. To add an app, from QBO, click Apps in the life navigation bar, search for the app and try if for freed. To cancel or manage an existing app subscription, go to the Intuit anywhere blue dot and click go to my apps
20. Which of the following is a feature of QuickBooks Online Payroll:*

a. Client submits payroll tax payments and formsb. Export to QuickBooks Desktop for Win Macc. Pay employees by direct deposit or print paychequesd. Access from a separate website outside of the QuickBooks Online account with central client list
21. You enter statement charges one by one, as you perform services for the customer or vendor/supplier:*

a. Trueb. False
22. Which of the following best describes Location tracking:*

a. Report on profitability by locationb. Customize the terminology as Entityc. Categorize line items on a bill to different locationsd. Cannot be used in combination with Class tracking
23. Unbilled time and costs can be viewed from multiple access points, including which of the following:*

a. The Customer Center's Money Barb. The 'Quick Create' function submenu optionsc. The 'Search' functiond. The Vendors/Suppliers tab
24. Where can you find the transfer funds function in QuickBooks Online:*

a. Banking tabb. Home pagec. Quick created. Transactions tab
25. Each client can choose the default reporting basis to be accrual or cash. Where in QuickBooks Online is the default reporting basis chosen:*

a. Reports > All Reports > Business Overviewb. Tools > Company Settings > Tax Fromc. Reports > Profit & Loss > Customize > Select report basisd. Company Settings > Account and Settings > Advanced > Accounting
26. Why is setting a closing date and a password strongly recommended:*

a. It populates the audit trailb. It sends an automatic email to the accountantc. It prevents a client from making changes to a closed periodd. It creates a new Discrepancy Account in the Chart of Accounts
27. Which of these Company Settings must be selected to activate online invoices:*

a. HTML emailsb. Include invoice as PDF attachmentc. Include sales forms as PDF attachmentsd. Email a link to customers to pay invoices online
28. To set up overtime pay, you do add it as an hourly rate:*

a. Trueb. False
29. If you work with several companies, you'll be working with multiple QuickBooks Online company files. You can change from one company file to another at any time, but you can have only one company file open at a time in a single browser:*

a. Trueb. False
30. The Customer Money Bar helps you manage collecting payments from your customers. It lists all overdue and almost due invoices in a single place:*

a. Trueb. False
Thank you, please CALCULATE your answers.

Your Score (out of 30)
Thank you, click SUBMIT to send to the HR team!
Should be Empty: