QBO Solutions (IS) - Adding QuickBooks Time and QuickBooks Online Payroll

Question 1

QuickBooks Online integrates seamlessly with ____ and ____.

Answer 1

QuickBooks Time and QuickBooks Online Payroll

Question 2

Some benefits of QuickBooks Online Payroll are that:

Answer 2

It’s a full-service payroll solution for businesses of all sizes
It’s fully integrated with QuickBooks Online, so there’s no need to post or sync payroll activity manually
It’s a convenient and easy-to-use service that makes paying and managing employees easier
It gives businesses access to payroll reports that offer the insight needed to make informed commercial decisions

Question 3

TRUE OR FALSE

Client can only use QuickBooks Payroll is they have a QuickBooks online subscription

Answer 3

False

Clients can use QuickBooks Online Payroll as a standalone solution without QuickBooks Online. However, it’s especially powerful when clients integrate it with their existing QuickBooks Online subscription.

Question 4

There are ____ subscription levels available for QuickBooks Time

Answer 4

Two

Question 5

What are two subscription levels available for QuickBooks Time

Answer 5

Premium and Elite.

Question 6

____ gives your clients all the functionality they need to plan for, record, manage, and approve the hours their employees and contractors work

Answer 6

QuickBooks Time Premium

Question 7

QuickBooks Time _____ has additional capabilities to improve project efficiency and profitability. These include mileage tracking, geofencing, timesheet signatures, enhanced reporting, and (importantly) project estimates versus actuals analysis

Answer 7

QuickBooks Time Elite

Question 8

Standalone versions of QuickBooks Time allows clients to ….

Answer 8

Export their timesheet data to third-party payroll applications.

Question 9

Integrated versions of QuickBooks Time are included with the equivalent QuickBooks Online Payroll subscription—and ….

Answer 9

Automatically transfer approved timesheet data to it.

Question 10

TRUE OR FALSE

Answer 10

Accounting professionals who sign up for QuickBooks Online Accountant get a free QuickBooks Payroll Elite subscription (which includes QuickBooks Time) for their firm.

Question 11

There are ____ QuickBooks Online Payroll subscription levels

Answer 11

Core, Premium, and Elite.

Question 12

Which subscription level covers the basics-easily pay your team and have your payroll taxes done for you?

Answer 12

Core

Question 13

Which subscription level allows you to manage your team and perfect payday with HR support and employee services.

Answer 13

Premium

Question 14

Which subscription level grants access on demand to exerts to simplify payday and protect what matters most.

Answer 14

Elite

Question 15

TRUE OR FALSE

To add a QuickBooks Online Payroll and/or QuickBooks Time subscription, you must do this for the client when setting up the original subscription.

Answer 15

False

If you and your client have decided to add a QuickBooks Online Payroll and/or QuickBooks Time subscription, you can do this for them when (or after) you set up their QuickBooks Online company.

Question 16

TRUE OR FALSE

Clients are not allowed to add Online Payroll and/or QuickBooks Time subscriptions.

Answer 16

False

Clients with the appropriate admin rights may also be able to add both products themselves later. One way they can sign up for QuickBooks Time is by downloading and installing the app. Alternatively, you can install the app for them during or after setup.

Question 17

Clients who are set up as Company or Primary Admins can add products themselves, as follows: