QBO Projects & Job Costing 2

Question 1

Where does a user turn on the Projects feature in QuickBooks Online?

Accepted Answer

Settings > Account and settings > Advanced > Projects

Answer

The Use projects toggle is in the Projects section of the Advanced tab in Account and settings.

Question 2

Which QuickBooks Online subscription levels include the Projects feature?

Accepted Answer

Plus and Advanced

Answer

Projects is included in QuickBooks Online Plus and Advanced.

Question 3

A contractor records a vendor bill for lumber used on a kitchen remodel and wants to pass the cost on to the client. What must be entered on the bill line?

Accepted Answer

The customer/project in the Customer column with Billable checked

Answer

Assigning the customer/project and checking Billable makes the cost show up as a billable expense for that project.

Question 4

Which project status options are available in QuickBooks Online Projects?

Accepted Answer

Not started, In progress, Completed, Canceled

Answer

Projects can be set to Not started, In progress, Completed, or Canceled.

Question 5

Which built-in project report shows income, costs, and profit for a single project?

Accepted Answer

Project profitability (Profit and Loss for the project)

Answer

The Project profitability report is a Profit and Loss filtered to that project's income and costs.

(QBO) Certified QuickBooks ProAdvisor Practice Test

(QBO) Certified QuickBooks ProAdvisor Practice Test

QBO Projects & Job Costing 2