QBO Solutions (IS) - Identifying the right QuickBooks Online subscription for a client’s needs Flashcards
Identifying the right QuickBooks Online subscription for a client’s needs
The ______ Checklist, which allows you to build up a detailed picture of a client’s needs.
New Client Checklist
QuickBooks online offers ____ different subscription plans, plus the option of QuickBooks Self-Employed.
Five
Which QuickBooks subscription is designed specifically for independent contractors and freelancers who file a Schedule C form with their 1040 at year end.
Self-Employed
Which QuickBooks subscription is designed for accounting professionals who manage their clients’ finances. It’s the ideal subscription for tax-only and low-volume transaction clients—and clients with non-operating entities or holding companies.
Ledger
Which QuickBooks subscription is designed for sole proprietors, LLCs, partnerships, and other types of small businesses. This subscription level is the best fit for solopreneurs and small business owners with basic accounting needs.
Simple Start
Which QuickBooks subscription is designed for small businesses employing staff and carrying out functions such as budgeting, managing inventory, and tracking multiple jobs. Plus is the most popular subscription level for clients with small businesses.
Plus
Which QuickBooks subscription is the flagship subscription, aimed at growing businesses that are approaching mid-market size.
Advanced
Which QuickBooks subscription has all the features of Simple Start but with extra functionality for businesses with more complex needs. However, it’s not designed for clients who need to buy, sell, and track inventory, or who need to create purchase orders and budgets.
Essentials
The New Client checklist is an Excel spreadsheet with ____ tabs
Six
The ____ tab of the New Client Checklist covers the basics you need to set up your client’s QuickBooks Online subscription.
Client Profile
The ____ tab lists the functionality your client may need from QuickBooks Online and helps you to understand their business better. You can use the links in the Help resources column to explain certain relevant QuickBooks Online workflows to the client.
Needs Assessment
The ____ tab is designed to help you and your client identify the subscription that best suits them.
QuickBooks Features and Solutions
To ensure you have all the information to identify the right QuickBooks Online solution for your client, use the ____ tab of the New Client Checklist to dig deeper and ask the client questions about how their business operates.
Needs Assessment
TRUE OR FALSE
Usage limits are the maximum number of things (such as accounts or users) that a client can have in QuickBooks.
True
TRUE OR FALSE
Usage limits vary according to the level of subscription.
True
