Question 1
Following best practice security for your Xero account means more than having
a strong password. How does Xero apply multi-factor authentication (MFA) to
your account?
Question 2
You’ve been invited into a new client’s Xero organisation and want to add
them as a new practice client. How do you accept the invite and create a new
client record for them in Xero HQ?
Question 3
The client list in Xero HQ helps you manage your clients more effectively. How
can you customise the client list to see which clients need your attention?
Question 4
Xero HQ has some customisable features to make your practice workflows
more efficient. Can you complete the following statements about them?
Question 5
You want to watch spending in the staff entertainment expense account, to
make sure the team stays within the monthly budget. How do you add an
existing account to the Account watchlist on the dashboard?
Question 6
You can attach files in different areas within Xero, and show them beside
transactions. Can you complete the statements below?
Question 7
You want to enter prior years closing balances without having to enter the full
historical data, what feature could you use in Xero to achieve this?
Question 8
You’re setting up two organisations in Xero and need to select the tax basis.
How do you do this for each one?
Question 9
You’re reconciling a bank account for cash transactions for things like coffee
with a client and a staff lunch. If Xero doesn’t suggest or predict the details,
what information must you enter to reconcile these?
Question 10
You've imported bank statement lines to the bank account in Xero, and it’s
time to reconcile the accounts. How do you do this?
Question 11
You have many outstanding transactions to reconcile. A bank rule picked up 25
of them that are from the same payee. What’s the most efficient way to
reconcile these?
Question 12
You’re reconciling a bank account and there are a few transactions that don’t
match the statement lines from the bank. How do you manage this?
Question 13
Contacts in Xero helps you keep your contact list up to date. When you no
longer do business with a customer or supplier, what should you do with their
contact record?
Select the correct answer and click Submit.
Question 14
You’ve exported contacts from another software package and want to set them
up in Xero. How do you do this?
Drag each step to the correct position and click Submit.
Question 15
You want to customise your invoices to show your business logo and payment
terms. How do you do this in Xero?
Select the correct answer and click Submit.
Question 16
To get invoices paid on time, Xero provides invoice settings and payment
services that you can customise. Can you complete the statements about them
below?
Select the correct options and click Submit.
Question 17
Xero’s email settings let you create an email template for emails that you send
with invoices and other transactions. What can you use the placeholders in the
email template for?
Question 18
There are a number of benefits to sending an invoice directly from Xero. Can
you complete the statements about these benefits?
Question 19
You email a quote to a customer and you want to check if they’ve viewed it.
Which tab can you do this from?
Question 20
You approve your first purchase order in Xero, and now it's time to send it
through to your supplier. What process do you follow to send the purchase
order?
Drag each step into the correct position and click Submit.
Question 21
Your supplier has emailed you some bills as PDFs that you'd like to enter in
Xero. What’s the most efficient way to do this?
Question 22
You’ve purchased some items that you want to recover the cost of from a
customer. Do you know how to assign a billable expense to a customer?
Question 23
You notice that a current asset account with a negative balance is showing in
the assets section. How can you tell Xero to move the account to the liabilities
section of the report when it’s negative?
Select the correct answer and click Submit.
Question 24
There are some key considerations when using find and recode in Xero. Can
you complete the statements below?
Select the correct options and click Submit.
Question 25
You’ve set up a repeating journal and inserted a placeholder of [Month-2] -
[Month] [Year] for the narration. What narration does Xero display in the first
journal, dated 1st August 2022?
Select the correct answer and click Submit.
Question 26
There are some key considerations to remember when adding and importing
manual journals in Xero. Can you complete the statements below?
Question 27
You want to import a general ledger export into another accounting product.
Before you export the file from Xero, what’s the one thing you should check?
Select the correct answer and click Submit.
Question 28
When recording a purchase or sale using inventory items, it’s important to
know what journals are posted. Can you complete these statements that
highlight how Xero deals with transactions associated with inventory items?
Question 29
Your business offers services that you want to add as inventory items. You
decided that you don't want Xero to calculate the quantity or the value for the
items. What's the best approach to take?
Question 30
Inventory adjustments can be required to keep inventory numbers accurate.
Can you choose the right kind of adjustment to use for the situations listed
below?
