QBO Class and Location Tracking 2

Question 1

Which QuickBooks Online subscription level includes both Class and Location tracking?

Accepted Answer

Plus

Answer

Simple Start

Answer

Essentials

Answer

Self-Employed

Question 2

If a company has multiple retail store locations, which QBO feature is most appropriate for tracking each store's financial performance separately?

Accepted Answer

Location tracking

Answer

Class tracking

Answer

Projects

Answer

Customer sub-types

Question 3

What happens to a class when you make it inactive in QuickBooks Online?

Accepted Answer

The class is hidden from future selection but all historical data is preserved

Answer

All transactions with that class are permanently deleted

Answer

Existing transactions are automatically reassigned to a default class

Answer

The class is removed from all historical reports

Question 4

Can you create sub-classes (child classes) in QuickBooks Online?

Accepted Answer

Yes, by checking 'Is sub-class' when creating or editing a class

Answer

No, all classes are always top-level only

Answer

Yes, but only by importing a class list via CSV

Answer

Only in QuickBooks Online Advanced

Question 5

Which of the following transactions CANNOT be assigned a Location in QuickBooks Online?

Accepted Answer

Payroll transactions created through QBO Payroll

Answer

Invoices

Answer

Bills

Answer

Journal Entries

Question 6

Does the Location field appear on customer-facing printed or emailed sales forms in QBO?

Accepted Answer

No, it is an internal tracking field and does not appear on customer-facing forms

Answer

Yes, it prints as a visible field at the top of the form

Answer

Yes, it replaces the Ship To field on invoices

Answer

Yes, it appears in the footer section of the printed form

Question 7

How can you view a Profit and Loss report for a single specific Location in QBO?

Accepted Answer

Open a Profit and Loss report and use the report filter to select the specific Location

Answer

Select P&L by Location from the report center and choose the desired location

Answer

Export to Excel and manually filter the data by location column

Answer

Build a custom report from scratch using the advanced report builder