Gmetrix QuickBooks Certified User (QBCU) Online Practice Exam

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• Which accounting method reports transactions as they happen?
• Which account should be used to hold funds until they are deposited in a checking account?
• After opening an import file, what is the immediate next step in the import workflow?
• Which steps correctly enable two-step verification in QuickBooks Online?
• If you preview the effects of a customized sales form, where would you see the changes before printing?
• Which best defines a vendor?
• What is the best practice for making an EFT?
• After adding a tax rate, where can you assign it to items or customers?
• How do you create and convert an estimate to an invoice?
• How do you set up user roles with custom permissions in QuickBooks Online?
• Which action reveals expense details on a Profit and Loss report?
• When a service is entered, an hourly rate must be entered?
• EFT and Debit transactions are recorded in a similar fashion to which type of transaction?
• Where do you enable Time Tracking in QuickBooks Online?
• Which vendor report shows what is owed to each vendor?
• What is Gross Profit equal to?
• When customizing a report, which section allows you to change the report title?
• What is the basic accounting equation on a balance sheet?
• Which action applies an existing credit memo to an invoice?
• Where do you review and categorize bank transactions after importing them?
• What displays while in the process of editing a vendor name?
• Which two user types lack permission to view customer or vendor information?
• If some transactions are missing during bank reconciliation, what is the recommended process?
• When does a vendor credit apply toward a balance?
• Which path is correct to access the Audit Log settings?
• Which area in QuickBooks helps you set up invoices quickly, send the first invoice, and configure payments?
• Where do you view the Audit Log in QuickBooks Online?
• A company exports a report to Excel. A sister company wants that data in QuickBooks Online. What should the sister company do with this report?
• When converting sub-customers to projects, what is the default status of the new project?
• Where do you access the Audit Log to track changes to transactions in QuickBooks Online?
• A customer makes a purchase and pays for it as part of a direct sale. Which sales form should be used for this transaction?
• What is the purpose of the offsetting transaction when deleting a customer with a balance due?
• Which action hides financial information on a page?
• Where is a new account created in QuickBooks?
• Which action should the IT administrator take to grant access to other users?
• Which method issues a refund to a customer in QuickBooks Online?
• What is the purpose of the Chart of Accounts in QuickBooks Online?
• Which option allows you to locate CRM integrations within QuickBooks Online?
• Where would you go to set up the option to track expenses as billable on customer invoices?
• When entering a credit card for use for purchases, which piece of information is typically not entered?
• How do you reset a forgotten password in QuickBooks Online?
• How do you enable automatic reminders for overdue invoices?
• What are the steps to perform inventory counting with cycles in QuickBooks Online?
• Where do you go to change the company address in QuickBooks Online?
• What is a billable expense and how is it billed?
• What type of account is described by 'Income' in the Chart of Accounts?
• Which statement about purchase orders is true?
• What is the primary purpose of the Undeposited Funds account?
• What is the difference between cash basis and accrual basis reports?
• In what file format should reports be for import into QuickBooks Online?
• How do you export reports to Excel?
• Which form is used when a customer pays at the time of sale?
• Which statement is true about QuickBooks account creation?
• How do you import bank transactions into QuickBooks Online?
• How do you invoice a customer and record a payment against it?
• How do you record a vendor credit and apply it to a bill?
• Which accounts are affected by the depreciation entry?
• How do you reconcile an account in QuickBooks Online?
• Which statement best describes Print Preview in QuickBooks Online?
• Where do you enable Track Classes and Track Locations, and what must you do after enabling to use them?
• What is the correct sequence to create a journal entry in QuickBooks Online?
• Which is the best way to enter building supplies as a product?
• A customer makes a purchase to be paid at a later date. Which form should be used for the transaction?
• Which path displays numbers for accounts?
• How do you record a bill from a vendor?
• Which report shows the value of inventory on hand?
• How do you attach receipts to expenses?
• On a Profit and Loss report, which element should you click to reveal expense details?
• What happens first when a customer who owes money is deleted?
• During reconciliation, besides ending balance, what else must you enter?
• Which filter options can you use in the QuickBooks Online Audit Log to focus on specific activity?
• When entering a bill, what can pop up on the right side of the screen when a vendor is entered for a bill?
• How do you create a recurring transaction for monthly rent?
• Where is the Create Invoice action typically accessed in QuickBooks Online?
• Which of the following is NOT listed as a mobile usage feature of QuickBooks Online to save time?
• Which type of data is not imported when importing data into QuickBooks?
• To display audit entries for a specific user, which action should you perform?
• To change the Faust book price to 7.99, which sequence of steps is correct?
• Which of the following is NOT a type of recurring transaction available?
• Which account types are typically listed in the Chart of Accounts?
• What is the correct path to create a Purchase Order?
• What is the difference between a bill and an expense?
• How do you handle bank feed rule to auto-categorize transactions?
• QuickBooks Online tends not to work in which web browser environment?
• Besides the items, what is required on a purchase transaction?
• When you record a cash sale using a Sales Receipt, which accounts are affected?
• Which action would you take to locate CRM apps to connect to your company?
• Which user types do not have permissions to view customer or vendor information? Choose two.
• Which best describes the Terms field when entering a customer?
• Which keyboard shortcut displays a list of keyboard status?
• What is the major disadvantage of using a journal entry to record a sale?
• What is the purpose of Bank Rules in QuickBooks?
• How do you merge duplicate customers or vendors?
• What label should you apply when recording an electronic funds transfer (EFT) payment?
• Where are income accounts added in QuickBooks Online?
• How do you bill a customer for time or expenses (time tracking and billable expenses)?
• Which accounting method records revenue when earned and expenses when incurred?
• Which statement best describes the effect of using a journal entry to record a sale?
• Which statement about sales orders in QuickBooks Online is true?
• When does a vendor credit apply toward a balance?
• When merging list entries, which field on a bad entry should be changed to the value on a good entry in order to create the merge?
• Which transaction type does not properly manage inventory when recording a sale?
• If you need to find a CRM integration for QuickBooks Online, which navigation option should you use?
• What must you enable and then do to bill time and expenses to a customer?
• What happens when you attempt to merge duplicates in QuickBooks?
• How do you run an A/R aging report?
• What is a correct method to share a report with someone outside QuickBooks Online?
• How do you import customers from Excel?
• After customizing a sales form, where do the customizations appear?
• How do you run a Profit and Loss report by Class or Location?
• How do you use the 'Attach a file' feature on transactions?
• Which of the following best describes the recommended sequence for year-end closing?
• Which two items can allow QuickBooks to track a specific customer activity separate from the regular customer activity?
• How do you set up multi-currency support?
• Which statement accurately describes how to create a new customer in QuickBooks Online?
• Which two pieces of information are required when creating a QuickBooks account?
• Which action would ensure preventing changes to prior periods in QuickBooks Online Accountant?
• Which formula is used to compute gross profit?
• Which list need to be accessed in order to pay outstanding bills?
• The Special Message field added to an invoice is designed to appear on which documents?
• Which feature enables you to add a new customer quickly from the navigation area?
• What is the correct method to record a payment received against an existing invoice?
• If you need to track a specific job for a customer to monitor profitability, which two items could you use?
• Which report allows you to view A/R aging details instead of a summary?
• Make a bank deposit for the $2.99 received from Brad's Bakery. Make sure the deposit window is closed when done.
• Where can billable expenses be set up?
• How do you create a purchase order in QuickBooks Online?
• Which file format can be imported into QuickBooks Online after exporting a report?
• What is the first step to adjust a product's price, according to the procedure?
• Where would you change the title of a report during customization?
• Which document helps you verify items you've ordered when processing a bill?
• How do you track time for clients in QuickBooks Online?
• How do you set up a new user with restricted permissions?
• Which sequence correctly exports the current report to PDF and opens it after saving?
• After enabling multi-currency, what should you configure?
• What does the green star next to a report indicate?
• After a physical inventory count, which action updates QuickBooks Online to reflect the actual on-hand quantity?
• What is the first action to take to search for a CRM app to connect to a company in QuickBooks Online?
• What is the first step in the check writing process for a new company in QuickBooks Online?
• Which components are used to compute gross profit?
• What is the recommended approach to recording an EFT payment in QuickBooks Online?
• On a sale, which field sets the price customers will pay for a product?
• How do you enable Class and Location tracking?
• Where will the custom field Special Message be available once the invoice has been generated?
• How do you record a cash sale without creating an invoice?
• How do you reconcile a credit balance or overpayment from a customer?
• What information must be entered when creating a journal entry in QuickBooks Online?
• What is the primary responsibility of an IT administrator regarding user access in QuickBooks Online?
• Which feature locks a period to prevent changes in QuickBooks Online Accountant?
• Once a check number has been used, if the check was written in error, what should be done with the check?
• What is the correct path to customize an invoice template?
• What are sub-customers used to track in QuickBooks online?
• Which type of product entry would you use for items you do not track as inventory?
• To view money owed to vendors, which QuickBooks report would you open?
• How do you create a new product or service item and assign it to an income account?
• Which accounts are included in the Chart of Accounts?
• Which elements can you modify in an invoice template?
• When running an A/R aging report, what must you set before generating the report?
• Which statement correctly describes reconciling bank transactions versus matching bank transactions?
• How do you adjust inventory levels in QuickBooks Online?
• How would you filter the Audit Log to show a particular user?
• All mobile features used to save time in QuickBooks Online are GPS, Camera, and Phone. Which option describes this usage?
• Which save option is used to close the bill window after saving?
• How do you handle year-end closing in QuickBooks Online?
• How do you issue a credit memo to a customer?
• Which major list shows how long vendors have to be paid or how long customers have to pay?
• How do you pay a bill in QuickBooks Online?
• A duplicate customer was found on the list. What should you do with the duplicate entry?
• How do you set up sales tax in QuickBooks Online?
• A credit memo typically does what to the amount a customer owes?
• When is the best time to use the journal to make a journal entry?
• What is the sequence to void the check that is currently displaying on the screen?
• To turn on location and class tracking in QuickBooks Online, which path should you follow?
• A co-worker is complaining about credits being automatically applied to invoices. Where can the co-worker go to turn off that setting?
• When recording depreciation in QuickBooks Online, which journal entry is correct?
• What is the function of the Audit Log in QuickBooks Online?
• Which type of transaction affects a customer balance immediately?
• Which customization setting makes a customized report visible to everyone?
• To add a new user, which menu path would you follow?
• Which option is available to change transactions that occurred before a closing date after a warning is shown?
• What is the primary task for an IT manager in QuickBooks Online?
• Which of the following best describes where location and class tracking are configured in QuickBooks Online?
• Which two steps follow making a purchase order in the accounts payable process?
• Where do you go to initiate payment to a vendor?
• Where in the app does one go to add a user?
• Where do you map fields during Excel import of customers?
• What is the correct place to view or modify the Advanced settings related to accounts?
• If a credit memo is issued to a customer, what happens to the customer's balance?
• Which is true about a customer appearing on other lists by display name?
• Which option describes the proper steps to export a report to PDF and view it afterward?
• To make a customized report visible to all users, which setting should be adjusted?
• Best way to make products purchased available to put on customer invoices?
• Once a file is opened for import, what is the next step in the import process?
• Which list displays asset, liabilities, income, and expense accounts?
• Which link on a report will allow you to set up automatic emailing of that report?