QBO Study Guide 2026
Everything you need to pass the QBO exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
📋 QBO Exam Format at a Glance
📚 QBO Topics to Study (69)
✍️ Sample QBO Questions & Answers
1. A reconciliation is off by a small amount that cannot be found. A ProAdvisor decides to force the reconciliation to zero. Which account is typically used for this adjustment?
QBO posts forced reconciliation adjustments to the Reconciliation Discrepancies account.
2. What happens when you enter a bank deposit in QuickBooks?
When you enter a bank deposit in QuickBooks, you are recording money received and placed into one of your bank accounts. This action directly increases the balance of the selected bank account within QuickBooks. It ensures your internal records accurately reflect the funds available in your real-world bank account.
3. In QuickBooks Online Payroll, which report shows the total wages, taxes, and deductions for each employee for a selected period?
The Payroll Summary by Employee report breaks down earnings, deductions, and taxes per employee for the chosen date range.
4. Which inventory costing method does QuickBooks Online use exclusively?
QBO uses only the FIFO (First In, First Out) method for inventory costing.
5. A client's credit card account in QBO has a negative balance after reconciliation. What does this most likely indicate?
A negative credit card balance in QBO typically means the client has made payments exceeding the charges, resulting in a credit with the card issuer.
6. Which QBO report would show the total amount owed to all vendors at the end of the month?
The Vendor Balance Summary provides a total outstanding balance owed to each vendor as of the report date, giving a quick snapshot of total payables.
🎯 Free QBO Practice Tests
📖 QBO Guides & Articles
- Contractor Payments in QBO: The Complete Guide to Paying 1099 Contractors in QuickBooks Online
- Check Register in QBO: How to Find, Read, and Use It (2026 Guide)
- QBO Sales Tax: How to Set Up, Record & Pay Sales Tax in QuickBooks Online (2026 Guide)
- Auto Payroll in QBO: How It Works, Who Qualifies, and How to Set It Up
- Bill.com and QBO: How the Integration Works, What It Automates, and What ProAdvisors Need to Know
- How to Cancel QBO Payroll: Step-by-Step Guide to Ending Your QuickBooks Online Payroll Subscription
- How to Issue a Refund in QBO: The Complete Guide to Processing Customer Refunds in QuickBooks Online
- Multi-Currency in QBO: The Complete Guide to Setup, Exchange Rates, and Foreign Invoicing