QuickBooks Online Overview
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Questions and Answers

The Test Drive company is also known as:

  • Populated company data used in Chapter 1
  • All (correct)
  • The sample company
  • A way to practice using the QuickBooks Online user interface
  • Craig's Design and Landscaping Services

The link between the user and the software is called the:

  • All
  • General Ledger
  • Navigation bar
  • User interface (correct)
  • Chart of Accounts

To create transactions, use this icon:

  • Gear
  • All
  • Plus (correct)
  • Apps
  • Magnifying-glass

To go to the Settings menu, use this icon:

<p>Gear (C)</p> Signup and view all the answers

To see recent transactions, use this icon:

<p>Magnifying-glass (C)</p> Signup and view all the answers

QuickBooks Online updates:

<p>Automatically (A)</p> Signup and view all the answers

When you sign out of the test drive, your data is:

<p>Not saved (E)</p> Signup and view all the answers

Accounts are used to classify transaction information for:

<p>Reporting purposes (E)</p> Signup and view all the answers

This report shows unpaid invoices for the current period:

<p>A/R Aging Summary (D)</p> Signup and view all the answers

The following Internet browsers can be used with QB Online:

<p>All of the above (E)</p> Signup and view all the answers

To start QuickBooks Online, you need to:

<p>Start your Internet browser (D)</p> Signup and view all the answers

When you start QBO, you need to:

<p>Type a security verification (A)</p> Signup and view all the answers

The central place for getting an overview of the company is called the:

<p>Dashboard (C)</p> Signup and view all the answers

From the plus (+) sign, you can:

<p>All of the above (E)</p> Signup and view all the answers

To navigate the QBO interface, select:

<p>All of the above (E)</p> Signup and view all the answers

A list of all the accounts used in the General Ledger is called a:

<p>Chart of Accounts (D)</p> Signup and view all the answers

What Navigation bar selection do you use for the Balance Sheet?

<p>Reports (A)</p> Signup and view all the answers

In which of the following areas, is the Chart of Accounts located?

<p>Settings (C)</p> Signup and view all the answers

Study Notes

QuickBooks Test Drive Company

  • The Test Drive company is synonymous with sample company data utilized in QuickBooks Online for practice.

User Interface

  • The user interface is the critical link between the user and the QuickBooks software.

Creating Transactions

  • Use the Plus icon to create new transactions in QuickBooks Online.

Settings Menu Access

  • Access the Settings menu using the Gear icon.

Viewing Recent Transactions

  • Recent transactions can be viewed with the Magnifying-glass icon.

Software Updates

  • QuickBooks Online updates occur automatically without manual intervention.

Data Saved on Exit

  • When signing out of the test drive, any data entered will not be saved.

Account Classification

  • Accounts are vital for classifying transaction information for reporting purposes.

Unpaid Invoices Report

  • The A/R Aging Summary report details unpaid invoices for the current period.

Supported Internet Browsers

  • QuickBooks Online is compatible with Internet Explorer, Firefox, Google Chrome, and Safari.

Starting QuickBooks Online

  • To initiate QuickBooks Online, launch your Internet browser.

Security Verification

  • A security verification step is required upon starting QuickBooks Online.

Overview of Company

  • The Dashboard serves as the central hub for an overview of company status.

Transaction Creation Options

  • From the Plus (+) sign, users can create invoices, sales receipts, enter bills, and write checks.
  • The interface allows navigation through Customers, Vendors, Employees, and Reports.

General Ledger Accounts

  • The Chart of Accounts lists all accounts used in the General Ledger.

Balance Sheet Navigation

  • To access the Balance Sheet, select the Reports option from the Navigation bar.

Location of Chart of Accounts

  • The Chart of Accounts can be found in the Settings area of QuickBooks Online.

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Description

This quiz covers key concepts related to QuickBooks Online, including the Test Drive company, user interface elements, and transaction creation. Explore various functionalities like the Settings menu, viewing recent transactions, and understanding reports like the A/R Aging Summary. Ideal for users looking to enhance their QuickBooks skills.

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