Twenty original questions organized the way the Intuit Certified Bookkeeping Professional exam is — its four official domains: Accounting Basics, Assets & Sales, Liabilities, Equity & Purchases, and Reconciliation & Financial Statements. Answer them all and get a readiness score for each domain, plus what to study before you book the exam.
The foundation everything else sits on: the accounting equation (assets = liabilities + equity), double-entry bookkeeping, debits and credits by account type, cash versus accrual accounting, and how the chart of accounts organizes it all. If this domain is weak, fix it first — the other three assume it. Our free Module 1 and the debits & credits cheat sheet cover exactly this ground.
The money-in side: recording sales, accounts receivable and what an aging report tells you, handling customer payments and deposits, inventory basics, and fixed assets with depreciation. The classic traps are recognizing revenue at the wrong time and double-counting a sale when the payment arrives.
The money-out side and who owns what: accounts payable and the purchase cycle, loans and interest, payroll liabilities (what you owe versus what the expense is), and equity — owner contributions, draws or distributions, and retained earnings. The trap: treating an owner draw as an expense. It isn't.
Proving the books and reading them: bank reconciliation and what to do when it doesn't balance, the trial balance, and the three core statements — what the profit & loss, balance sheet, and statement of cash flows each answer, and how they connect. Keep our free reconciliation checklist handy for this one.
Your score above tells you where to focus. Create a free account (no card required) and drill the fundamentals until they're reflexes — our modules, practice exams, and games cover every one of these domains. Also studying for the ProAdvisor certification? Take that readiness check too — the two credentials pair well and the free ProAdvisor cert is the best first step.