QuickBooks Online Certification: Exam section 2: ACCOUNTING AC-341 Exam 2,4,5,7,8. 98% questions and answers provided.

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QuickBooks Online Certification: Exam section 2 Review Answers  Q1  What must each product/service item be mapped to? Your answer: Product categories list  Q2  Where can you find the... QuickStart template in QuickBooks Online Accountant to begin the client onboarding process? Your answer: Work  Q3  What are 2 ways to add a customer to QuickBooks Online? Your answer:Sales > Customers > Add New Gear icon > Import Data  Q4  Where do you enable account numbers for the QuickBooks Online Chart of Accounts? Your answer: Gear > Account and Settings > Advanced > Chart of Accounts > Select Enable Account Numbers  Q5  Which option completes the statement? Your answer: Banking Center  Q6  Which statement is true regarding the Preferred Vendor field in Product and Services items? Your answer: You can create a new vendor from the product/service information screen  Q7  Where would you go to add a new vendor or find the link to import a vendor list into QuickBooks Online? Choose the most viable method from the options below, although other methods may be available. Your answer: The New Vendor button in the Vendors tab of the Expenses screen  Q8  Which options correctly fills in Step 2? Your answer: Select Service  Q9  Which 4 statements are true about the Chart of Accounts, how to make changes to the Chart of Accounts, and how products and services are linked to the Chart of Accounts? Your answer: To add a new account, you open the Chart of Accounts by selecting Accounting from the left navigation, then select New to open the Account window The Sales of Product Income account is a default account when inventory is turned on If you add a new account, the detail type determines on which financial statement this account will show Delete an account from the Chart of Accounts if it is not relevant to your business [Show More]

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