which of the following features are only available in qbo advanced? select all that apply: a) ability to handle multiple currencies b) create and purchase orders c) accomodate up to 25 users d) create batch transactions
The correct answer and explanation is:
Correct Answers:
โ
c) Accommodate up to 25 users
โ
d) Create batch transactions
โ Explanation:
QuickBooks Online (QBO) offers several tiers of service: Simple Start, Essentials, Plus, and Advanced. Each tier includes more sophisticated features. The Advanced version is the most robust and is designed for larger businesses with more complex accounting needs.
๐ Option-by-Option Breakdown:
a) Ability to handle multiple currencies
โ Incorrect.
This feature is available in QBO Essentials, Plus, and Advanced โ not just Advanced. It allows businesses to send invoices, record expenses, and accept payments in different currencies. It is ideal for companies working with international vendors or clients.
b) Create and purchase orders
โ Incorrect.
Purchase order creation is available starting from the QBO Plus version. This means it’s not exclusive to Advanced. It’s useful for businesses that need to track items ordered from vendors before receiving them.
c) Accommodate up to 25 users
โ
Correct.
Only QBO Advanced allows up to 25 users, making it suitable for medium to large teams. Lower tiers are restricted:
- Simple Start: 1 user
- Essentials: up to 3 users
- Plus: up to 5 users
d) Create batch transactions
โ
Correct.
Batch transactions (entering multiple invoices, expenses, or checks at once) are exclusive to QBO Advanced. This feature dramatically improves efficiency for high-volume transaction processing, saving time and reducing entry errors.
๐งพ Summary:
If you’re looking for capabilities tailored to larger teams and high transaction volumes, QBO Advanced is the only tier that:
- Supports up to 25 users
- Allows creation of batch transactions
These advanced tools make it ideal for growing businesses needing more automation and control.