Chapter 1 Assessment Test Key PDF

CHAPTER 1 Online Features & Requirements Assessment Test Name _________________________________________________ Date __________________ 1. Name the left panel on the Dashboard that remains consistent in QuickBooks Online.  Home Page  Navigation Pane  Bank Section...

CHAPTER 1 Online Features & Requirements Assessment Test Name _________________________________________________ Date __________________ 1. Name the left panel on the Dashboard that remains consistent in QuickBooks Online.  Home Page  Navigation Pane  Bank Section  Shortcuts 2. Which option on the Navigation Pane always returns you to the Home Page?  Dashboard  Shortcuts  Home tab  Invoices 3. What report can be opened by selecting “See all activity” located in the bottom right corner of the Home Page?  Time Tracking  Audit Log  Customers  Bank Transactions 4. You are talking to a friend who wants to purchase QuickBooks Online. He is self-employed and doesn’t need a lot of features. Which version of QuickBooks would you recommend?  Essentials  Simple Start  Plus  Advanced 5. You were hired as the financial manager for a small company. You need a QuickBooks Online user license for 15 employees. Which version of QuickBooks should you purchase?  Essentials  Advanced  Plus © B.E. Publishing, Inc. All rights reserved.  Simple Start 6. Payroll bundled with an online subscription will cost more per month.  True  False Chapter 1: Assessment Test 1  7. You started your own business a year ago and purchased QuickBooks Simple Start. You now want to start paying bills online and run a variety of reports. Which version should you upgrade to?  Advanced  Entrepreneur  Essentials  Plus 8. Which is NOT a feature of QuickBooks Online Plus?  Profitability tracking  Inventory tracking  Twenty-five user license  Time tracking 9. Which QuickBooks Online version has a five-user limitation?  Plus  Essentials  Advanced  Simple Start 10. QuickBooks Online versions bundled with payroll include a long-term free payroll service.  True  False 11. You and your partner are looking to purchase QuickBooks Online. Your company sells products and wants to track inventory, sales, and profits. Which version of QuickBooks Online should you purchase?  Essentials  Plus  Simple Start  Advanced 12. Advanced includes all the features of Plus.  True  False 13. Essentials does everything Simple Start does with the added feature of entering and paying bills.  True  False 14. A client needs to track inventory. There are only two employees who need access to QuickBooks Online. What software version should the company purchase?  Simple Start © B.E. Publishing, Inc. All rights reserved.  Essentials  Plus  Advanced Chapter 1: Assessment Test 2