Aug, Sat, 2024 Helps LLC Banking knowledge Welcome to Helps Quiz center for Banking knowledge. After completion the test results will be sent to your entered email address․ Good luck! Name Email Which 2 of these statements are true about excluded bank transactions in the bank feed? They appear in the Categorized tab They’re not recorded in the register They can be reinstated They’re only stored for 90 days None If the client encounters a problem with their bank feed connection, which 3 of these actions would help them identify and fix the cause? Moving the bank balance to a new account in QuickBooks Online and connecting that new account Updating the bank information in QuickBooks Online Updating the bank feed data Disconnecting and reconnecting the account in QuickBooks Online Disconnecting the account and linking it to a new bank account in QuickBooks Online None Which 2 statements are true regarding bank rules in QuickBooks Online? One rule can apply to both money-in and money-out transactions You can apply up to 5 conditions to a single rule You can test a rule before using it to ensure that it’s working You can set conditions for the rule to be based on date You can select which rules to apply if you open the transaction None Which 3 statements are true regarding bank rules in QuickBooks Online? Rules apply to unaccepted transactions only QuickBooks Online only applies one rule per transaction You can select which rules to apply if you open the transaction You can change the order in which rules are applied If QuickBooks Online can’t find a rule, it excludes the transaction None Your client has received check payments from 3 of their customers and they haven’t deposited these checks into the bank yet. When using the receive payments form, which account should they select to deposit to? Checking Undeposited Funds (or Payments to deposit) Savings Accounts Receivable None Which 3 of these transactions could be set up as recurring transactions? A sales receipt that charges a customer’s credit card An employee’s monthly pay run An invoice for service charges An expense to record monthly rental payments None Where would you go to record a deposit transaction for a tax refund that your client receives? + New > Receive payment + New > Bank deposit Taxes > Record tax payment Sales > All Sales > New transaction > Payment None Which of the following statements about creating an adjusting journal entry in QuickBooks Online are correct? Accountant users need to specify when they’re recording a journal entry as an adjusting journal entry Accountant users can only record an adjusting journal entry at the end of an accounting period Only accountant users can record an adjusting journal entry QuickBooks Online automatically records an adjusting journal entry whenever an accountant user creates a journal entry None Your client wants to transfer some money from his checking account into a savings account. Where would you go to create the transaction in QuickBooks Online? + New > Transfer + New > Pay bills Banking > Add new + New > Pay down credit card None What 2 pieces of information do you need from the bank statement to begin the reconciliation process in QuickBooks Online Accountant? Account routing number Statement ending balance Statement ending date Last check number used None Click "Submit" to complete! Time's up Comments 0
