Question

Which of the following statements is true regarding QBO?

Multiple Choice
a. QBO can only be accessed by using installed software on a computer desktop or laptop.
b. QBO is updated annually to ensure the content screens are familiar to users.
c. QBO does not require a user to have integrated knowledge of accounting, finanacial systems or technology.
d. QBO is cloud-based and uses a web browser to access information vs. installed software.

Answer 1

The statement that QBO is cloud-based and accessible through a web browser is true. QuickBooks Online is designed for ease of access and is updated regularly, not just annually.

Step-by-step explanation:

The correct answer to the question, "Which of the following statements is true regarding QBO?" is d. QBO is cloud-based and uses a web browser to access information vs. installed software.

QuickBooks Online (QBO) is a cloud-based accounting software designed for easy access via a web browser from any device with an internet connection. This is in contrast to traditional desktop accounting software that requires installation on a specific computer. The cloud-based nature of QBO allows for real-time data updates, access from multiple locations, and reduced need for software maintenance by the end-user.

While it is a user-friendly platform, having an integrated knowledge of accounting and financial systems can be beneficial for maximizing the use of its features. Additionally, contrary to an annual update, QBO is regularly updated with new features and improvements throughout the year.