Quickbooks Online Certification Exam Questions (87 Terms) With Verified Definitions Updated 2024

What are non-posting transactions related to sales? {Ans: Estimate Delayed charge Delayed credit}What may cause income and Accounts Receivable to be overstated? {Ans: Payments are not being received and deposits are posting to income}Which of the following transactions can be recorded using the Expense feature? {Ans: Credit Card Expense}Choose the statement that best describes QuickBooks Online's functionality related to sales forms and products and services: {Ans: Charges to a customer on a sales form post to the account mapped to the product / service item's income account field}Your client uses QuickBooks Online Simple Start. How many accountant users can your client invite? {Ans: 2}You have received a shoebox full of receipts from a customer to enter into QuickBooks Online. They are not sorted in any way, and they include check stubs from different bank accounts, receipts for cash expenditures, and credit card slips from different cards. Of the following options, which is the most efficient way to get them entered into QuickBooks Online? {Ans: Use the Expense function and specify the bank, cash or credit card account in each transaction}