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QuickBooks Online Accountant Module Review

This document is a module review for the QuickBooks Online Accountant course, aimed at reinforcing key concepts learned without any scoring or testing. It includes a series of questions related to the Chart of Accounts, Reports Center, cash-basis reports, and steps to add a new account. Completing the review is optional but contributes to course completion status and progress tracking.

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vanosoy19
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9 views3 pages

QuickBooks Online Accountant Module Review

This document is a module review for the QuickBooks Online Accountant course, aimed at reinforcing key concepts learned without any scoring or testing. It includes a series of questions related to the Chart of Accounts, Reports Center, cash-basis reports, and steps to add a new account. Completing the review is optional but contributes to course completion status and progress tracking.

Uploaded by

vanosoy19
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Module review—Getting started in

QuickBooks Online Accountant


This short, optional module review revisits some of the key points covered in the course
so far.
The purpose of this review is to reinforce what you learned. This is not a test, so there’s
no scoring and no pass or fail.
Although the review is optional, we do recommend that you complete it, as it does count
towards your course completion status and is reflected in the progress bar.
To complete the review, simply work through the questions presented. You must
answer each question correctly to proceed to the next.
Please note - the module review does not form any part of the Certification exam
and is for learning purposes only.

Question 1
Which of these statements about setting setting up and
editing a Chart of Accounts in QuickBooks Online are true?
(Select all correct options.)

 Merged accounts can’t be unmerged

 Numbers in a Chart of Accounts can’t be changed

 Merged accounts can be unmerged

 Deactivated accounts can be reactivated

That’s right.

Question 2
What are the three tabs in the Reports Center in QuickBooks
Online? (Select the three correct options.)

 Standard

 Custom reports

 Management reports

Question 3
Which is the best definition of cash-basis reports?

 Cash-basis reports display income as of the date the customer payment is


received/recorded and expenses as of the date a vendor bill is paid

Question 4
What type of reporting displays the incurred date as the bill
date?

 Cash-based reporting

 Accrual-basis reporting

That's right.

Question 5
1. To begin, select Accounting to see a list of Craig’s existing accounts
2. Select _______________
3. Using the drop-down list, set Account Type as Fixed Assets
The steps needed to add a new account to your Chart of
Accounts are described above. What’s the missing step?

 The + New button

 The green New button

 The Gear icon

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