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Xero advisor certification / Xero advisor certification: Fast-track assessment

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Xero advisor certification

Xero advisor certification: Fast-track

assessment
By Xero Education Published: Feb 8, 2023 1h (585)

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Fast-track certification

Introduction
If you've been using Xero for a while and have a good level of knowledge, you can take this fast-track test to get certified.

Please note that the system will time out after 60 minutes, so please ensure you complete the assessment within this
time limit.
We recommend taking a screenshot of your results in case the system times out and the system doesn't automatically
mark your successful completion.

  
80% pass mark Attempts If you're unsuccessful

You’ll need to answer at least 24 out You’ve only got one shot at every You’ve only got one attempt at this
of the 30 questions correctly to pass question. Make sure to submit an assessment. If you don’t make the
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the assessment. answer. grade, you’ll need to complete our

Advisor Certification in full.
Xero advisor certification / Xero advisor certification: Fast-track assessment


Question 1
The demo company in Xero HQ lets you try out Xero’s features, and
show them to a potential client. Which tab do you use to find the demo
company?

Select the correct answer and click Submit.

Ask

Practice

 Explorer

Client

Submit Show Feedback

 Attempted


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?

Drag each step to the correct position and click Submit.

 Select the practice to connect the organisation to

 Select Create client record, then click Confirm

 Click the link in the email invite and log in to Xero

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 Click Continue

Xero advisor certification / Xero advisor certification: Fast-track assessment

Submit Show Feedback

 Attempted


Question 3
The Practice overview has resources to help you grow and run your
practice. Which resource can help you showcase your Xero experience
and achievements to attract potential clients?

Select the correct answer and click Submit.

 Xero advisor directory

Your practice organisation

Practice settings

Partner toolkit

Submit Show Feedback

 Attempted


Question 4
Xero HQ has some customisable features to make your practice
workflows more efficient. Can you complete the following statements
about them?

Select the correct options and click Submit.

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You can produce consistent practice-wide reports across multiple clients using
____________.
Xero advisor certification / Xero advisor certification: Fast-track assessment
report templates 
You can add a logo and adjust the title colour and font size for client reports by
setting up ____________.

report styles 
If your practice already has a chart of accounts you like to use for your clients,
you can import it into ____________.

the chart of accounts library 

Submit Show Feedback

 Attempted


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?

Select the correct answer and click Submit.

Add a new entertainment account in the chart of accounts

Go to the chart of accounts to edit the account details

 Edit the dashboard panels to add the new account

Edit the account in the Business performance dashboard

Submit Show Feedback

 Attempted

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
Xero advisor certification / Xero advisor certification: Fast-track assessmentQuestion 6

You can attach files in different areas within Xero, and show them beside
transactions. Can you complete the statements below?

Select the correct options and click Submit.

Attach receipts files to your bank transactions when you ____________.

reconcile statement lines 

Link documents like customer and supplier contracts to contact records when
you ____________.

when you create a new contact 

Keep an attached document open side by side when you create a transaction to
help you ____________.

enter accurate data 

Submit Show Feedback

 Attempted


Question 7
It’s time to add a conversion date for the organisation, to move from
your previous accounting software to Xero. Which of the following is a
conversion date we would recommend?

Select the correct answer and click Submit.

End of the calendar year

The middle of any month

The start of the calendar year

 The start of the financial year

Submit Show Feedback

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 Attempted

Xero advisor certification / Xero advisor certification: Fast-track assessment


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?

Select the correct options and click Submit.

Heather’s Kiosk is a business that records revenue and expenses at the end of
the day when the till is closed, so you should select ____________.

Cash basis 
Mike’s Consulting is a service-based business that records revenue using the
date on approved invoices, bills and other transactions, so you should select
____________.

Accrual basis 

Submit Show Feedback

 Attempted


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?

Select the correct answer and click Submit.

 The contact name in the Who field, and an account code in What.

An account code in the What field, and the region.

The contact name in the Who field, and the tax rate.

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The contact name in the Who field, and a description in Why.

Xero advisor certification / Xero advisor certification: Fast-track assessment

Submit Show Feedback

 Attempted


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?

Select the correct options and click Submit.

Click ____________ to reconcile with an invoice that Xero didn’t pick up as a

suggested match.

Find & Match 

Enter information into the ____________ tab to add a new transaction.

Create 
Click ____________ to select an invoice other than a suggested match.

Other Possible Match Found 

Submit Show Feedback

 Attempted


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?

Select the correct answer and click Submit.

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In the Reconcile tab, click OK next to each bank rule suggestion

Xero advisor certification / Xero advisor In the Cash

certification: coding
Fast-track tab, click Save & Reconcile All
assessment

In the Cash coding tab, select the statement lines and click Apply
rule

In the Reconcile tab, click Save and Reconcile All

Submit Show Feedback

 Attempted


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?

Select the correct options and click Submit.

Apply ____________ for a transaction fee that’s been charged.

a bank fee adjustment 

Apply ____________ for an instalment of a supplier’s bill.

a split payment 
Apply ____________ when you’ve received too much from a client for their invoice.

an overpayment 

Submit Show Feedback

 Attempted


Question 13

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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
Xero advisor certification / Xero advisor certification: Fast-track assessment
with their contact record?

Select the correct answer and click Submit.

 Archive it

Delete it

Duplicate it

Edit it

Submit Show Feedback

 Attempted


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.

 Download the template file

 Enter the contact information

 Save as a comma-separated value (CSV) file

 Import the template into Xero

Submit Show Feedback

 Attempted

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Xero advisor certification / Xero advisor certification: Fast-track assessment


Question 15
You’re looking for an invoice that you sent in the past 3 months, but
can’t remember the contact name or invoice amount. What’s the best
way to use the sales overview to find it?

Select the correct answer and click Submit.

Open the Awaiting Payment tab and go through the list

 Use Search to check the time frame by transaction or due date

Click through each section in the Money coming in graph

Check the list of customers who owe the most money

Submit Show Feedback

 Attempted


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.

You can set a ____________ invoice amount limit for invoice reminders.

maximum 
You can have a set date each ____________ as the default due date for invoices and
bills.

week 
When you link a payment service to Xero a ____________ button appears on
invoices.

Pay Now 

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Xero advisor certification / Xero advisor certification: Fast-track assessment

Submit Show Feedback

 Attempted


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?

Select the correct answer and click Submit.

 Customer information

Branding themes

The reply-to email address

Email attachments

Submit Show Feedback

 Attempted


Question 18
There are a number of benefits to sending an invoice directly from Xero.
Can you complete the statements about these benefits?

Select the correct options and click Submit.

You can include ____________ on a customer’s invoice.

billable expenses 

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When a customer opens their invoice, Xero marks the invoice as ____________ on
the Awaiting Payment tab.
Xero advisor certification / Xero advisor certification: Fast-track assessment
viewed 
When a customer pays their invoice, Xero can automatically ____________ the
payment to the invoice if you have a connected bank feed.

match 

Submit Show Feedback

 Attempted


Question 19
You’re creating a repeating invoice where the invoice amount changes
each time. What status should you get Xero to save it as?

Select the correct answer and click Submit.

Approve for sending

 Draft

Approved

Awaiting payment

Submit Show Feedback

 Attempted


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

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purchase order?

Xero advisor certification / Xero advisor certification:

Drag each step
Fast-track into the correct position and click Submit.
assessment

 Go to the Purchase orders dashboard

 Select the Approved tab

 Select your purchase order and click Send

 Check the email text and click Send

Submit Show Feedback

 Attempted


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?

Select the correct answer and click Submit.

Email the bills to the email address you use to login to Xero

Print the bills and then enter them manually in Xero

 Email the bills directly to the unique Xero bills email address

Print the bills and then create a repeating bills template in Xero

Submit Show Feedback

 Attempted

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
Xero advisor certification / Xero advisor certification: Fast-track assessment
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?

Drag each step to the correct position and click Submit.

 Within a bill, click Assign expenses to a customer

Select the line items and enter the customer you want to assign the
 expense to

 Click OK and Approve the bill

Submit Show Feedback

 Attempted

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Question 23
Xero advisor certification / Xero advisor
You want toFast-track
certification: add budgeted figures for a tracking category. The tracking
assessment

category has three options, each one represents a store location and
has a different budget. How can you do this in Xero?

Select the correct answer and click Submit.

Add the tracking options to the existing overall budget

 Add a new, separate budget for each store location

Add a new overall budget for the tracking category

Export the overall budget to add the tracking options

Submit Show Feedback

 Attempted

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Question 24
Xero advisor certification / Xero advisor
There are some
certification: key assessment
Fast-track considerations when using find and recode in Xero.
Can you complete the statements below?

Select the correct options and click Submit.

To make bulk changes directly to original transactions, you need to ____________.

recode the source transactions 

To access find and recode you need the ____________ user role.

adviser 
To recode the contacts on multiple transactions at once, you need to ____________.

recode with manual journals 

Submit Show Feedback

 Attempted

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Question 25
Xero advisor certification / Xero advisorYou’ve posted
certification: a manual
Fast-track journal incorrectly and want to remove the
assessment

entries from the general ledger on the same date as the original entry.
What should you do?

Select the correct answer and click Submit.

Archive the journal

Copy the journal

Delete the journal

 Void the journal

Submit Show Feedback

 Attempted

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Question 26
Xero advisor certification / Xero advisor certification:
There areFast-track
some key considerations to remember when adding and
assessment

importing manual journals in Xero. Can you complete the statements

below?

Select the correct options and click Submit.

Users with the adviser user role can access manual journals from the ____________.

Advanced accounting screen 

Users with the standard + all reports user role can access manual journals from
the ____________.

Journal Report 
Importing a manual journal with different narrations will create ____________.

multiple posted journals 

Submit Show Feedback

 Attempted

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Question 27
Xero advisor certification / Xero advisor
You run theFast-track
certification: Journalassessment
Report and want to view the most recent journals
first. How would you do this?

Select the correct answer and click Submit.

Order the results by Journal ID

Change the date range and update

 Order the results by Journal date

Use the option to show tracking

Submit Show Feedback

 Attempted


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?

Select the correct options and click Submit.

After approving a bill for a tracked inventory item, Xero posts a journal to the
____________.

inventory asset account 

After approving a bill for an untracked inventory item, Xero posts a journal to
the ____________.

account selected on the transaction 

After approving an invoice for a tracked inventory item, Xero posts a journal
that increases the value held in the ____________.

cost of goods sold account 

Submit Show Feedback

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 Attempted

Xero advisor certification / Xero advisor certification: Fast-track assessment


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?

Select the correct answer and click Submit.

 Add them as untracked inventory items

Add them as tracked inventory items

Use a combination of tracked and untracked inventory

Use tracking categories to manage services

Submit Show Feedback

 Attempted


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?

Select the correct options and click Submit.

You’ve found an extra inventory item in your warehouse, create ____________.

an increase quantity adjustment 

Some inventory items have been stolen from the warehouse, create ____________.

a decrease quantity adjustment 

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An inventory item has changed in value since you purchased it, create
____________.
Xero advisor certification / Xero advisor certification: Fast-track assessment
a revaluation adjustment 

Submit Show Feedback

 Attempted

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