QBO Study Guide 2026
Everything you need to pass the QBO exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
📋 QBO Exam Format at a Glance
📚 QBO Topics to Study (69)
✍️ Sample QBO Questions & Answers
1. A reconciliation is off by a small amount that cannot be found. A ProAdvisor decides to force the reconciliation to zero. Which account is typically used for this adjustment?
QBO posts forced reconciliation adjustments to the Reconciliation Discrepancies account.
2. What happens when you enter a bank deposit in QuickBooks?
When you enter a bank deposit in QuickBooks, you are recording money received and placed into one of your bank accounts. This action directly increases the balance of the selected bank account within QuickBooks. It ensures your internal records accurately reflect the funds available in your real-world bank account.
3. In QuickBooks Online Payroll, which report shows the total wages, taxes, and deductions for each employee for a selected period?
The Payroll Summary by Employee report breaks down earnings, deductions, and taxes per employee for the chosen date range.
4. Which inventory costing method does QuickBooks Online use exclusively?
QBO uses only the FIFO (First In, First Out) method for inventory costing.
5. A client's credit card account in QBO has a negative balance after reconciliation. What does this most likely indicate?
A negative credit card balance in QBO typically means the client has made payments exceeding the charges, resulting in a credit with the card issuer.
6. Which QBO report would show the total amount owed to all vendors at the end of the month?
The Vendor Balance Summary provides a total outstanding balance owed to each vendor as of the report date, giving a quick snapshot of total payables.
🎯 Free QBO Practice Tests
📖 QBO Guides & Articles
- How to Delete a Customer in QBO: Complete Guide to QBO Customer Management
- How to Print a Check in QBO: The Complete Guide to QuickBooks Online Check Printing
- Invoice in QBO: The Complete Guide to Creating and Managing Invoices in QuickBooks Online
- How to Customize and Design Invoices in QBO: The Complete Guide for QuickBooks Online Users
- How to Close Books in QBO: A Complete Guide to Year-End Procedures in QuickBooks Online
- QBO Receipt Forwarding: The Complete Guide to the QBO Receipts Feature in QuickBooks Online
- How to Become a QuickBooks Certified ProAdvisor: The Complete Training Guide
- QBO Sales Orders: The Complete Guide to Managing Sales Orders in QuickBooks Online