The New Client Checklist tool focuses on three key areas to gather the information needed to select the right QuickBooks Online subscription for a client: business type, specific features needed, and number of users. a . QuickBooks Features and Solutions b . Client Profile c . Credit score and ability to obtain funding d . Needs Assessment e . Depreciable assets f . Marketing objectives
The correct answer and explanation is:
Correct Answer: d. Needs Assessment
The New Client Checklist tool in QuickBooks Online is designed to help accounting professionals evaluate a client’s needs before recommending the most appropriate QuickBooks Online subscription. The checklist focuses on three major areas: business type, required features, and the number of users. These areas fall under the broader category of needs assessment.
A needs assessment is a systematic process used to identify and evaluate the requirements of a client. In the context of QuickBooks Online, this process involves understanding the structure of the client’s business, such as whether it is a sole proprietorship, partnership, corporation, or nonprofit. The business type can impact what features are necessary, such as inventory tracking or project costing.
Next, the assessment looks into specific features the client may need. Some businesses require advanced inventory tracking, payroll processing, time tracking, or integration with third-party applications. Others might need basic bookkeeping tools without extra features. This helps ensure the subscription is neither underpowered nor too expensive for what the business requires.
Finally, understanding the number of users who need access to QuickBooks Online is important because different subscription levels allow different numbers of users. Some clients may only need access for one or two individuals, while others may need several team members or external accountants to collaborate in real time.
In summary, a needs assessment helps match the client with the right version of QuickBooks Online. It ensures the client gets value for money, avoids unnecessary features, and supports efficient financial management tailored to their operations. Other options like marketing objectives, depreciable assets, or credit score may be important in different business contexts but are not the primary focus when choosing a QuickBooks Online subscription.