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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

 Duration1h

 Rating1 star 2 stars 3 stars 4 stars 5 stars
Average rating: 4.4400400 reviews
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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
You’ll need to answer at least 24 out of the 30 questions correctly to pass the
assessment.
Attempts
You’ve only got one shot at every question. Make sure to submit an answer.
If you're unsuccessful
You’ve only got one attempt at this assessment. If you don’t make the grade, you’ll
need to complete our Advisor Certification in full.

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.

Client
Explorer
Ask
Practice
SubmitShow 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.

Click the link in the email invite and log in to Xero
Select the practice to connect the organisation to
Click Continue
Select Create client record, then click Confirm
SubmitShow 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
Partner toolkit
Practice settings
SubmitShow 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.

You can produce consistent practice-wide reports across multiple clients using ____________.
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

SubmitShow Feedback
Attempted

Question 5
It’s important you enter your organisation settings correctly, so Xero shows the right
information in the right place. You can show specific details on your online invoices,
and Xero shows other details by default. What’s some of the default information that
Xero shows on online invoices?

Select the correct answer and click Submit.

Your legal/trading name and logo
Your display name and website
Your business number and email
Your organisation type and description
SubmitShow Feedback
Attempted

Question 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
____________.
view the contact details
Keep an attached document open side by side when you create a transaction to help you
____________.
enter accurate data
SubmitShow Feedback
Attempted

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?

Select the correct answer and click Submit.

Chart of accounts
Precoded bank statements
Comparative balances
Conversion balances
SubmitShow Feedback
Attempted

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
SubmitShow Feedback
Attempted

Question 9
When reconciling, you noticed the bank rule didn’t match the relevant statement lines.
You set the bank rule to match all of several conditions, but only one of these matches
the information displayed on the statement line. How can you resolve this?

Select the correct answer and click Submit.

Edit the rule so that it works if any of the conditions are met
 Edit the rule to assign any balance to a revenue-type account
Edit the rule so Xero takes the reference from the description
Edit the rule so Xero takes the contact from the payee details
SubmitShow 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.

Other Possible Match Found

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

SubmitShow 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.

In the Cash coding tab, click Save & Reconcile All
In the Reconcile tab, click OK next to each bank rule suggestion
In the Cash coding tab, select the statement lines and click Apply rule
In the Reconcile tab, click Save and Reconcile All
SubmitShow 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
SubmitShow Feedback
Attempted

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.

Delete it
Duplicate it
Edit it

Archive it
SubmitShow 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
SubmitShow Feedback
Attempted
 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.

Adjust your dashboard
Create a new branding theme
Update your organisation details
Create a new invoice
SubmitShow 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.
minimum
You can have a set date each ____________ as the default due date for invoices and bills.
month
When you link a payment service to Xero a ____________ button appears on invoices.
Pay Now
SubmitShow Feedback
Attempted

Question 17
Attachments are a great way to add useful documents to your invoices. How do you
add an attachment to an invoice in Xero?

Select the correct answer and click Submit.

Add a new invoice line
Click the file icon
Add it to the branding theme
Click Add note
SubmitShow 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
When a customer opens their invoice, Xero marks the invoice as ____________ on the Awaiting
Payment tab.

viewed
When a customer pays their invoice, Xero can automatically ____________ the payment to the
invoice if you have a connected bank feed.

reconcile
SubmitShow 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.

Awaiting payment

Draft
Approve for sending
Approved
SubmitShow 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 purchase order?

Drag each step into the correct position and click Submit.
Go to the Purchase orders dashboard
Select the Approved tab
Select your purchase order and click Send
Check the email text and click Send
SubmitShow Feedback
Attempted

Question 21
Save time by setting default information for a supplier under Contacts. What default
information can you set for a supplier?

Select the correct answer and click Submit.

Tax setting, account and tax rate
Tracking, unit price and tax rate
Account, item and tax setting
Tax rate, quantity and tax setting
SubmitShow Feedback
Attempted

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
SubmitShow Feedback
Attempted

Question 23
You want to add budgeted figures for a tracking category. The tracking 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
Export the overall budget to add the tracking options
Add a new overall budget for the tracking category
Add a new, separate budget for each store location
SubmitShow Feedback
Attempted

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.

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 or standard
To recode the contacts on multiple transactions at once, you need to ____________.
use the export and import functions
SubmitShow Feedback
Attempted

Question 25
You’ve posted a manual journal incorrectly and want to remove the entries from the
general ledger on the same date as the original entry. What should you do?

Select the correct answer and click Submit.

Void the journal
Archive the journal
Delete the journal
Copy the journal
SubmitShow Feedback
Attempted

Question 26
 There are some key considerations to remember when adding and 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 draft journals
SubmitShow Feedback
Attempted

Question 27
You run the Journal 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
Use the option to show tracking
Change the date range and update
Order the results by Journal date
SubmitShow 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 ____________.

business bank account

SubmitShow Feedback
Attempted

Question 29
You previously recorded the purchase of stock to a current asset type account. You
want to start using tracked inventory from today. What adjustment account should you
use while preparing the opening balances template?

Select the correct answer and click Submit.

The current asset account
The cost of goods sold account
The purchases account
The inventory asset account
SubmitShow 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

An inventory item has changed in value since you purchased it, create ____________.

a revaluation adjustment
1 attempt only
SubmitShow Feedback
Not attempted
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Xero advisor certification