Practice Test Geeks(QBO) Certified QuickBooks ProAdvisor Practice Test
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Reporting & Reconciliation 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 Reporting & Reconciliation flashcards as text

  1. Which QuickBooks Online report shows all transactions that have been reconciled versus those still outstanding?

    Answer: Previous Reconciliation Report

    The Previous Reconciliation Report shows all cleared and outstanding transactions from past reconciliations.

  2. A client notices their Profit & Loss report differs from their Balance Sheet net income. What is the most likely cause?

    Answer: Accrual vs. cash basis mismatch in report settings

    Running P&L on cash basis and Balance Sheet on accrual basis (or vice versa) causes net income discrepancies between reports.

  3. When reconciling a credit card account in QBO, what does the 'Payments' section in the reconciliation screen represent?

    Answer: Payments made to reduce the credit card balance

    The Payments section shows credits to the credit card account, which reduce the amount owed.

  4. A client wants a report showing customer balances grouped by how long they've been outstanding. Which report should you recommend?

    Answer: Accounts Receivable Aging Detail

    The A/R Aging Detail report groups outstanding customer balances into time buckets (Current, 1-30, 31-60, 61-90, 90+).

  5. In QBO, what happens to the beginning balance in a new reconciliation if the previous reconciliation was undone?

    Answer: It reverts to the balance from the reconciliation before the undone one

    Undoing a reconciliation reverts the beginning balance to the ending balance of the previous reconciliation period.

  6. Which QBO report would best help identify duplicate vendor payments?

    Answer: Transaction List by Vendor

    The Transaction List by Vendor shows all transactions per vendor chronologically, making duplicate payments easy to spot.

  7. A reconciliation has a $50 discrepancy. After investigation, no error is found. What is the recommended QBO approach?

    Answer: Create a journal entry to a Reconciliation Discrepancies account

    QBO creates a Reconciliation Discrepancies account automatically when you force-finish, posting the difference there for later investigation.

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Sources & references

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  1. quickbooks.intuit.com — Eligibility, passing score, retake policy, renewal, test delivery · verified Oct 2026