QBO Managing Client and Work 3

Question 1

Which report in QBO is most useful for reviewing all open invoices across multiple clients from a single view?

Accepted Answer

Accounts Receivable Aging Summary

Answer

The Accounts Receivable Aging Summary groups unpaid invoices by age, giving a clear view of outstanding balances across clients.

Question 2

A client calls asking about a payment they sent two weeks ago that hasn't been applied. What is the first action in QBO?

Accepted Answer

Check Undeposited Funds and unapplied payments

Answer

Unapplied payments often sit in Undeposited Funds or as open credits; checking there first identifies the root cause.

Question 3

In QBO, what does enabling 'Projects' for a client allow you to track?

Accepted Answer

Income, expenses, and time by individual project

Answer

The Projects feature in QBO lets you group income, expenses, and time entries under a specific project for profitability tracking.

Question 4

A ProAdvisor needs to add a sub-customer in QBO to track invoices for a specific division of a client's business. What setting enables this?

Accepted Answer

Bill parent customer

Answer

Sub-customers can be set to 'Bill parent customer' so invoices roll up to the main customer account while tracking by division.

Question 5

Which QBO feature automatically sends payment reminders to clients with overdue invoices?

Accepted Answer

Automatic invoice reminders

Answer

QBO's automatic invoice reminders let you set rules to email clients when invoices are due or overdue without manual follow-up.

(QBO) Certified QuickBooks ProAdvisor Practice Test