23. Kalki needs to categorize transactions in several different ways, such as by project manager, referral source, and sales rep. She does not want to alter the setup that the accountant has done. Which QuickBooks Online feature can she use to accomplish this?

Select an answer:
A. Tags
B. Accounts
C. Locations
D. Classes

24. Stavros has already sent a vendor a form from QuickBooks Online that identifies what his company is planning to purchase. Now that the bill has arrived, what should he do to record the purchase?

Select an answer:
A. Write a check for the bill amount.
B. Create a bill and manually record everything that the company purchased from the vendor.
C. Create a bill and add the purchase order he created to it.
D. Write a check and add the purchase order he created to it.

25. Beatrice needs to run a profit and loss report that shows results for each class. How would she customize a report to do this?

Select an answer:
A. Sort the report by class.
B. Specify that the columns display classes.
C. Filter the report by class.
D. Set the report type to Accrual.

26. How do you record reimbursable mileage so you can add it to an invoice?

Select an answer:
A. Create and pay a bill that includes the reimbursable mileage assigned as billable to the customer.
B. Use the QuickBooks Online mileage feature to record miles driven and mark them as billable to a customer.
C. In the customer invoice table, insert a line and choose the Mileage account.
D. In the customer invoice table, insert a line and choose Mileage in the Product/Service cell.

27. To run the reports that you have designated as favorites, in the Reports screen, you need to click the _____ tab.

Select an answer:
A. Management reports
B. Standard
C. Custom reports
D. Favorites

28. A purchase order represents _____.

Select an answer:
A. A form that confirms what a customer has ordered from your company
B. A form that tells a vendor what you need to purchase from them
C. A firm commitment to purchase the exact items and quantities listed on the purchase order
D. A record of what you purchased from a vendor, which you use to pay the vendor what you owe

29. Hao is completing inventory and found four boxes of lightbulbs out of twenty that were crushed. What is the best method to adjust his inventory records to reflect the damage?

Select an answer:
A. Record a journal entry to change the value in the Inventory asset account to reflect the value of 16 boxes of bulbs.
B. Record an inventory adjustment with a change in quantity of negative 4.
C. Record an inventory adjustment with a change in quantity of positive 4.
D. Record an inventory adjustment with a new quantity of 16.

30. You need to change the QuickBooks Online settings for your account. What should you click to access settings?

Select an answer:
A. The + New button at the top left
B. The Settings icon at the window's top right
C. The Settings entry on the navigation bar on the left
D. The Settings box on the Dashboard