QuickBooks Online 2025 Update Quiz

What is the primary reason to choose a higher plan in QuickBooks Online?

• To get more users or specific features

• To access payroll features

• To access customer support

• To receive a discount

What is the first step in creating an invoice in QuickBooks Online?

• Set the invoice due date

• Choose a product

• Add a customer

• Select a payment method

How can you quickly get bills into QuickBooks?

• Use the mobile app to scan bills

• Manually enter each bill

• Forward bills to a specific email address

• Upload bills through the desktop app

What is the benefit of categorizing expenses in QuickBooks?

• It helps in tracking inventory

• It ensures accurate sales tax calculation

• It speeds up the invoice creation process

• It can save money on taxes

What should you do if QuickBooks guesses the wrong expense category?

• Manually correct the category

• Ignore it and proceed

• Delete the transaction

• Contact customer support

Where can you find the sales tax hub in QuickBooks?

• In the 'Invoices' section

• On the homepage

• In the 'My Apps' sidebar

• Under the 'Reports' section

What must you do to file your sales taxes?

• File directly through QuickBooks

• File through your state's website

• Contact an accountant

• Use a third-party tax service

Which report is crucial for understanding your business's cash flow?

• Inventory Report

• Sales Tax Report

• Profit and Loss Report

• Balance Sheet

How can you customize reports in QuickBooks?

• By changing the report dates and filtering properties

• By adding more users to your account

• By upgrading to a higher plan

• By contacting customer support

What feature helps you compare financials between different years?

• The 'Detail' option

• The 'Filter' option

• The 'Compare' option

• The 'Summary' option