QuickBooks Setup & Navigation Flashcards
7 cards from real QBO practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 QuickBooks Setup & Navigation flashcards as text
A client accidentally deleted a transaction in QuickBooks Online. Where can a ProAdvisor find a record of this deletion?
Answer: Gear > Audit Log
The Audit Log (Gear > Audit Log) records all changes, additions, and deletions made to transactions, including who made the change and when.
Which keyboard shortcut opens a new Invoice form in QuickBooks Online?
Answer: Ctrl+I
Pressing Ctrl+I (or Cmd+I on Mac) opens a new Invoice form directly in QuickBooks Online.
What happens to the opening balance equity account when a ProAdvisor enters beginning balances during initial company setup?
Answer: It receives offsetting entries to keep the balance sheet in balance
Opening Balance Equity receives offsetting credit or debit entries whenever beginning balances are entered so the balance sheet remains balanced.
In QuickBooks Online, what is the function of the 'Excluded' tab in the Banking center?
Answer: It holds transactions the user has chosen not to add to the books
The Excluded tab stores bank feed transactions that the user has manually excluded and does not want to import into QuickBooks.
A QuickBooks Online company file was set up with the wrong industry type. What is the impact of changing the industry in Account and Settings?
Answer: It updates the default report templates and suggested accounts
Changing the industry type updates suggested account names and default report layouts, but it does not alter existing accounts already created.
Which QuickBooks Online navigation element allows users to quickly search for any customer, vendor, account, or transaction by name or number?
Answer: The Search (magnifying glass) icon in the top bar
The magnifying glass Search icon in the top navigation bar allows global search across all records including transactions, customers, vendors, and accounts.
When a ProAdvisor sets up sales tax in QuickBooks Online, what does the automated sales tax feature use to calculate the correct rate?
Answer: The customer's billing address and the product/service taxability
QBO's automated sales tax engine uses the customer's ship-to address combined with the taxability of the product or service to determine the correct rate.