QBO Solutions (IS) - Billing Options

Question 1

TRUE OR FALSE

When you sign up a client via QuickBooks Online Accountant, you can offer them a choice of billing options.

Answer 1

True

Question 2

What are the billing options available to clients?

Answer 2

Client billed subscriptions and Accountant billed subscriptions

Question 3

What is the name of the program that offers discounts for you and your clients.

Question 4

TRUE OR FLASE

When you add a client to QuickBooks Online Accountant, you can choose whether to sign them up to QuickBooks Online straightaway or later.

Answer 4

True

Question 5

What are the three billing options ?

Answer 5

The three options are:

ProAdvisor discount
Direct discount
Revenue share

Question 6

What are the billing options when my firm is billed?

Answer 6

ProAdvisor discount

Question 7

What are the billing options when the client is billed?

Answer 7

Direct discount
Revenue share

Question 8

Under the ____ discount, you’ll receive a 30% discount on all QuickBooks Online, QuickBooks Online Payroll, and QuickBooks Time subscription levels and 15% off employee and contractor fees with QuickBooks Online Payroll and QuickBooks Time.

Answer 8

ProAdvisor discount

Question 9

TRUE OR FLASE

The ProAdvisor discount applies to the first 12 months of the client’s subscription, with the option to cancel anytime.

Answer 9

False

The discount applies to the whole duration of the client’s subscription, with the option to cancel anytime.

Question 10

Which billing option gives clients a 30-day free trial?

Answer 10

Direct discount and Revenue Share

Question 11

What is the main difference between the ProAdvisor Discount and the Direct discount?

Answer 11

The main difference is that with the Direct discount, the client pays for their own subscription and the discount only applies for the first 12 months from their enrollment date. Once the discount period ends, the fees revert to the full listed monthly amount.

Question 12

TRUE OR FALSE

The Revenue share billing option applies to QuickBooks Time.

Answer 12

False

Unlike the other discount options, the Revenue share option doesn’t apply to QuickBooks Time.

Question 13

TRUE OR FALSE

All QuickBooks accountants are automatically eligible for the Revenue Share Program.

Answer 13

False

Before one can offer the Revenue Share option to clients, they need to enroll in the program.

Question 14

Once you’re enrolled, the Revenue share program offers clients a 30-day free trial followed by a ____% discount on billed charges for the next three months.

Answer 14

50%

Question 15

What is the benefit of using the Revenue Share billing option?

Answer 15

You’ll receive 30% of the billed price they pay each month for 12 months and, depending on which products they sign up for, you’ll also receive 15% of any employee fees your client pays.