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A series of questions and answers related to the quickbooks online certification exam, focusing on managing inventory, understanding subscriptions, and utilizing apps. It covers topics such as tracking business expenses, sales tax, and client management. The document also highlights the benefits of using apps and wholesale billing in quickbooks online.
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*** Managing inventory and avoiding out-of-stock situations is critical to the success of what type of business, as well as understanding cash flow and balance sheets?,Retail and e-commerce businesses *** What subscription focuses on tracking business expenses and mileage? This subscription allows invoicing, but does not track accounts receivable or sales tax. Therefore, this subscription might not meet the needs of a growing service product- based business.,QuickBooks Self-Employed *** What subscriptions would you suggest to track sales and sales tax?,Simple Start, Essentials, Plus, and Advanced All apps are pre-categorized into the tasks they help resolve.,By selecting Browsing Category, you can filter apps by the problem you are trying to solve. Apps can be searched for two ways:,using the search box or by category How do existing users add you as you as their Accountant on QBO?,1. Tell them to go to My Accountant in the left hand navigational panel
The Accountant User and Clients with the Advanced subscription have access to The Client Overview. What are some benefits of the Client Overview?,concise subscription information, recent banking activity stats, and early indications of banking errors The Opening Balance Equity account should always be zero. If you see a balance here, it's mostly likely because an amount was entered in the opening balance field when?,during the creation of a new customer, vendor, balance-sheet account, or inventory product There are several apps that connect a web store to QuickBooks Online. The customer enters the sales information as they place the order on your client's website, then makes their payment via credit card.,The app reads the data the customer entered and pushes the same data into QuickBooks Online, as a sales receipt. All the client has to do is fulfill and ship the order. There is no data entry! To be listed in the Accountant tab or apps.com, the app,must be inspected and approved by Intuit What are five benefits of using apps?,1. Reduce data entry