Question: Which of the following could be considered three main processes of the QBO SatNav for using QuickBooks Online?

Answer: QBO Settings, QBO Transactions, QBO Reports

Question: QBO transactions include which of the following?

Answer: Sales, Expenses, Banking. All three are correct

Question: Which of the following categories does not appear on the QuickBooks Create (+) screen?

Answer: Banking

Question: How do you access QBO Account and Settings?

Answer: Gear Icon

Question: What are two ways that we can access and view the Chart of Accounts in QBO?

Answer: From the Navigation Bar select Accounting, and From the Gear icon select Chart of Accounts

Question: In the following Chart of Accounts, what is the name of each of the columns?

Answer: Name, Type, Detail Type, QuickBooks Balance, Bank Balance, and Action.

Question: In the following Bank Register, what is the name of each of the columns?

Answer: Ref No. Type, Payee Account, Memo, Payment, Deposit, and Balance

Question: Why would a company want to use account numbers on its Chart of Accounts?

Answer: To uniquely identify each account on the Chart of Accounts

Question: The Chart of Accounts displays:

Answer: Account Name, Type and Detail Type. All of these choices are correct .

Question: Registers in QBO:

Answer: Display more detailed information about accounts, Display all transactions for the account, Display a running balance for the account. All of these choices are correct.