XERO FAST-TRACK ADVISOR CERTIFICATION ASSESSMENT

QUESTIONS

QUESTION 1: You’re looking at the Purchases overview to see the status of the bills for the
organisation. What does the bar graph show you?

A. Draft bills, awaiting payment bills and overdue bills

B. Draft bills, approved bills, paid bills

C. Approved bills, awaiting approval bills, draft bills

D. Awaiting payment bills, paid bills, scheduled to be paid bills

QUESTION 2: Here are some statements highlighting some key considerations when using
Find and recode in Xero.

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

a. Recode the source transactions

b. Edit the transactions manually

c. Recode them with a manual journal

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

a. Adviser or Standard

b. Adviser

c. Standard

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

a. Recode the source transactions

b. Recode with manual journals

c. Use the export and import functions

QUESTION 3: You’ve got a large number of outstanding transactions to reconcile. 25 of these
transactions are from the same payee and have been picked up by a bank rule that’s in place.
What’s the most efficient way to reconcile these transactions?

A. In the cash coding screen, click Save & Reconcile all

B. In the cash coding screen, tick the statement lines and click Apply rule

C. In the reconcile screen, click OK next to each bank rule suggestion

D. In the reconcile screen, click Save and Reconcile all

QUESTION 4: You’ve populated the bank accounts in Xero with bank statement lines and it’s
time to reconcile the bank. How would you handle these scenarios?

Click ____________ to reconcile to an invoice that hasn’t been picked up as a suggested

match.

a. Other Possible Match Found

b. Find & match

c. Create

Enter information into the _____________ tab to add a transaction from scratch.

a. Match

b. Transfer

c. Create

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

a. Transfer

b. Create

c. Other Possible Match Found

QUESTION 5: The financial year runs from 1 January to 31 December. You first started using
Xero in July 2018, and it's now August 2018. Which of the following dates can you set as the
fixed asset start date?

A. 1 July 2018

B. 1 January 2018

C. 1 January 2017

D. 1 August 2018

QUESTION 6: You’re reconciling the bank account and there are a few transactions that don’t
match the statement lines from the bank. How would you handle these scenarios?

Apply a ___________ for a transaction fee that has been charged.

a. Overpayment

b. Bank fee adjustment

c. Split payment

Apply a___________for an instalment of a supplier bill.

a. Split payment

b. Bank fee adjustment

c. Overpayment

Apply an ____________ when you have received too much for a client invoice.

a. Bank fee adjustment

b. Split payment

c. Overpayment
QUESTION 7: You’ve followed the steps to import multiple fixed assets in Xero, but the file
won’t import. What could be the reason for this?

A. You’ve saved the file as a TXT file type

B. You’re trying to import existing draft assets

C. You’ve removed the header row from the file

D. You’ve used the date format dd/mm/yyy

QUESTION 8: It’s useful to know some key areas to focus on when entering a new contact. This
way, you can make the most of your time when working with a customer or supplier. Below
we’ve listed some features from the Add Contact page. Match them to where they’re located on
the Add Contact page. (Drag each item to the correct zone and click Submit.)

Send bills or invoices Xero to Xero Xero Network Key

Set default accounts and tax rates for sales Financial Details
and purchases

Enter an email address Contact Information

QUESTION 9: A client has invited you into their Xero organisation as an Advisor. You’re the
Master Administrator. To create a full client record for them in your Xero HQ practice, what do
you need to do?

A. From the Clients tab, find the organisation and click Go to Xero

B. Find the organisation in the Clients tab and click Add client to Practice

C. Click New client, enter the client information and Connect to Xero

D. Find the organisation, select Edit details and Connect to Xero

QUESTION 10: It's important to understand what each user role lets you see and do in Xero
Projects. That way you can be certain that the right people have the right level of access. Match
each user role to the correct permissions. (Drag each item to the correct zone and click Submit.)

View all data in a project report, except Standard user

project cost

Adjust staff cost rates and view cost in reports Admin user

View projects and add time only for Limited user

themselves

QUESTION 11: You're adding your first tracked inventory item in Xero, and you've found that
you're unable to select an existing account as the inventory asset account. How can you resolve
this issue?

A. Create a new account with current asset as the account type and use this as the
inventory asset account

B. Create a new account with inventory as the account type and use this as the inventory
asset account.

C. Change the account type of the existing account to inventory and use it as the
inventory asset account

D. Create a new account with non-current asset as the account type and call it inventory.

QUESTION 12: You’d like to upload documents to Xero Files and attach them to client invoices.
There are a few ways to go about this. Match each method to the correct description.

Upload files to Xero Browse and attach files directly ?

Drag and drop documents into Xero Select and pull across a file from another
window

Send file attachments via email Send file to unique upload address ?

Upload files from a mobile device Use the Xero Business app ?
QUESTION 13: It’s time to add a conversion date for the organisation in order to move from the
previous accounting software, to Xero. Which of the following is a conversion date we would
recommend?

A. The middle of any month

B. End of the calendar year

C. The start of the calendar year

D. The start of the financial year

QUESTION 14: Inventory adjustments are sometimes required to keep inventory numbers
accurate. Choose the right kind of adjustment to use for the situations listed below.

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

a. A decrease quantity adjustment

b. An increase quantity adjustment

c. A revelation adjustment

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

a. A revelation adjustment

b. A decrease quantity adjustment

c. An increase quantity adjustment

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

a. An increase quantity adjustment

b. A decrease quantity adjustment

c. A revelation adjustment
QUESTION 15: You’ve noticed that a current asset account with a negative balance is
appearing under the Assets heading. How can you set the account to move to the liabilities
section of the report when it’s negative?

A. Add a tracking category column

B. Add a formula

C. Add a budget column

D. Add a switch rule

QUESTION 16: It’s important to know the different aspects of editing paid or partially paid
invoices, to make sure the details remain correct and a businesses cash flow is not affected.
Here are some statements highlighting some key considerations to remember.

When an invoice has a payment or part-payment, you can ____________.

a. Make some edits to the invoice

b. Make no edits to the invoice

c. Make full edits to the invoice

When you’ve removed payments from an invoice, you can ____________.

a. Make minor edits to the invoice

b. Make full edits to the invoice

c. Make no edits to the invoice

To remove a payment from an invoice use ____________ on the payment transaction.

a. Unreconcile

b. Remove & redo

c. Undo
QUESTION 17: You’ve just added staff cost rates in Xero Projects. Now that these are set up,
what will you be able to do in Xero?

A. Manage staff capacity in your organisation

B. Monitor and manage staff efficiencies

C. See cost in reports to calculate profitability

D. Create Projects invoices using staff cost rates

QUESTION 18: You want to view uninvoiced time entries for all of your open projects. What’s
the most efficient way of getting this information?

A. Navigate to the Time tab for each project individually

B. Access the Detailed Time report and add a filter

C. View the details from the tasks & expenses tab

D. Access the invoices tab for each project individually

QUESTION 19: You've created a duplicate project in error. What user role do you need in
Projects to be able to resolve this?

A. You can delete the project if you have the Projects Admin user role

B. You need to have the Adviser user role to be able to delete a project

C. You need to have the Standard user role to be able to delete a project

D. You can delete the project if you have the Projects Limited user role
QUESTION 20: You’re entering a multi currency expense claim in Xero. Where is the exchange
rate sourced from?

A. Xero gets the exchange rate from XE.com for multi currency transactions

B. Xero gets the exchange rate from the financial settings screen

C. Exchange rates must be entered manually on individual transactions

D. Exchange rates must be entered manually in the currencies screen

QUESTION 21: You’d like to change a Query template’s description in Xero HQ Ask. Which
option lets you do this?

A. Revert published template

B. Export template

C. Edit template details

D. Download template as pdf

QUESTION 22: You’d like more information from a client about their bank accounts that aren’t in
Xero. What’s the best way to go about getting this information in Xero HQ?

A. Ask tab

B. Client’s Activity

C. Notes

D. Client’s Relationships
QUESTION 23: You’d like to send a query to multiple clients using Ask in Xero HQ. How do you
go about this?

A. Send the query to the first client, and a reminder to the rest

B. Use Add Recipients on the query to add clients

C. Copy and paste the contact email addresses to the query

D. Open each client file individually, and send a query from there

QUESTION 24: You want to give a client access to Projects in Xero without giving any access to
other areas of their Xero organisation. Which user role would you assign them?

A. Advisor + Projects User

B. None + Projects User

C. Standard + Projects User

D. Invoice Only + Projects User

QUESTION 25: You’re invoicing a client for a number of billable expenses incurred on a project.
You’d like to group all the travel expenses together on one line. What option do you choose to
do this?

A. Add multiple items

B. Create as an inventory item

C. Edit line item description

D. Add as one item

QUESTION 26: You want to create a bank rule to handle the direct debit car insurance
payments that are taken from the bank account. Where can you create a bank rule?

A. The Cash Coding or Bank statement screen

B. The Cash Coding or Account transactions screen

C. The Cash Coding or Reconciliation screen

D. The Account transactions or Reconciliation screen

QUESTION 27: You’d like to see the breakdown of your Partner Points in Xero HQ. Which user
roles can access this information?

A. Administrator or Master administrator

B. Standard or Master administrator

C. Standard (Consultant) or Administrator

D. Standard or Standard (Consultant)

QUESTION 28: You’ve emailed an invoice to a customer in Xero, but they’ve asked you to give
them the direct link to the online invoice. Where do you get the direct link to an invoice?

A. Choose Preview, then copy the page link

B. Choose Invoice Options, the Copy to

C. Choose Invoice Options, the Share Invoice

D. Choose Print PDF, then copy the page link

QUESTION 29: You’re using the Assurance dashboard to monitor any unusual changes to
transactions in Xero. What can you monitor from the Bank Accounts tab?

A. Deleted statement lines and manually imported bank statements

B. Duplicated statement lines and manually reconciled transactions

C. Deleted statement lines and manually reconciled transactions

D. Duplicated statement lines and manually imported bank statements

QUESTION 30: Your client would like to assist with bank reconciliation for their business bank
account, however they won’t have internet access for the next week. How can you give them
reconciliation work to do offline?

A. Export and share a list of uncoded statement lines

B. Set up bank rules for all statement lines to make reconciliation easier

C. Access their online banking and export statement lines

D. Export their bank statements by logging into Xero

QUESTION 31: You took a taxi from the office to a client meeting. You'd like to submit a claim
for the taxi ride and charge it to the client project. What information should you add to the
expense claim before submitting?

A. Add a description, spent at, account, amount, and assign to project

B. Add a description, account, assign to project, and change currency

C. Add a description, tracking category label and assign to customer

D. Add a description, account, label, edit tax, and assign to customer

QUESTION 32: You’re updating client details in the Explorer tab. Which insights will show on
your Advisor Directory listing?

A. Banks, Client names and industries

B. Alerts, Industries and Apps

C. Apps, Banks and Client notes

D. Apps, Banks and Industries

QUESTION 33: You’re running the Profit and Loss (New) report and want to compare a tracking
option with its budget. How can you do this?

A. Add a column for the tracking option and a column for the tracking category

B. Add a column for the tracking option and a column for the date

C. Add a column for the tracking option and a column for the overall budget

D. Add a column for the tracking option and a column for its budget

QUESTION 34: You’re managing your team expenses on the go using the iOS Expenses app.
You notice an employee has miscoded their expense claim. What’s the easiest way to correct
their mistake?

A. Approve the expense claim and correct later using Find & Recode

B. Edit the expense claim to update it with the correct details

C. Decline the expense claim and ask them to resubmit

D. Approve the expense claim and correct later using a manual journal
QUESTION 35: You want to send the Aged Payables Detail report to a client so that they can
pay their suppliers on time. However you’ve noticed that the report figures have been rounded
to the nearest decimal. What can you do to fix this?

A. Add decimals as an additional column

B. Export the report to Excel and edit the cells

C. Use Layout editor to Display decimals

D. Select Show decimals in Report Settings

QUESTION 36: You’d like to generate a management report pack at the end of the month.
Where on the reports dashboard is the management report option located?

A. Sales

B. Financial

C. Accounting

D. Projects

QUESTION 37: You want to view all the prepayments made by a particular customer. Which
report will show you this information?

A. Customer Invoice Report

B. Aged Receivables

C. Contact Transactions - Summary

D. Income by Contact Report

QUESTION 38: A supplier contacts you to say they haven’t received a purchase order for a part
ordered over the phone last week. You’d like to check that the purchase order was sent. How do
you do that?

A. From the Purchase overview, select See All

B. Select Business, click Sales overview and Search

C. From the Purchase overview, select Search

D. From the Purchase orders dashboard, view the All or Approved tab

QUESTION 39: What happens when you turn off all bank alerts in your activity feed?

A. Xero turns off all bank alerts from your activity feed only

B. Xero turns off all bank alerts for all staff members in the practice

C. Xero deletes all bank alerts for all staff members but not future alerts

D. Xero deletes your existing bank alerts but not future alerts

QUESTION 40: You’ve 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 file?

A. The current asset account

B. The cost of goods sold account

C. The purchases account

D. The inventory asset account

QUESTION 41: You’d like to keep an eye on spending in the staff entertainment expense
account, to make sure the team is staying within budget each month. How do you add an
existing account to the Account watchlist on the dashboard?

A. Edit the dashboard panels to add the new account

B. Edit the account in the business performance dashboard

C. Add a new account in the chart of accounts for entertainment

D. Go to the chart of accounts to edit the account details

QUESTION 42: You’re viewing the Project Details report to analyse the profitability of your
projects. You have five active projects that you’re managing, but only four are showing in the
report. Why is the fifth project not showing?

A. There are no tasks in the project

B. There is no activity on the project

C. You don’t have the Admin user role

D. The project has been closed

QUESTION 43: You’d like to edit some details on an existing transaction. What feature can you
use in Find and Recode to find the transaction?

A. Adjust bank account

B. Sort by description

C. Search by bank account

D. Adjust invoice number

QUESTION 44: You’d like to start using Xero Projects within your business. Which user role can
activate Projects in a Xero organisation?

A. Subscriber

B. Master administrator

C. Only the adviser

D. Standard users

QUESTION 45: Using the Global Search feature, what's the shortcut for all Bank Accounts?

A. A

B. C

C. I

D. B

QUESTION 46: You’re not sure on who your Xero Account Manager is, and you are looking to
get in touch with them. Where is the best place to find this information?

A. By clicking the question mark icon when logged into Xero

B. The Contacts screen within Xero HQ

C. By looking at My Cases in Xero Central

D. The Practice Settings screen within Xero HQ

QUESTION 47: You’d like to show balances for previous years in your Trial Balance report.
Which feature would you use for this?

A. Formulas

B. Unrealised Currency Gains

C. Publishing Styles

D. Comparatives

QUESTION 48: You'd like to tag expenses based on events or projects. Which new expense
claims feature could you use for this?

A. Files

B. Flags

C. Notes

D. Labels

QUESTION 49: You’re using Report Templates at a Practice level. What feature is available
when editing the layout of a report template?

A. Add a Formula

B. Include a cashflow forecast

C. Add a cash summary report

D. Restore deleted notes

QUESTION 50: