QuickBooks Online Certification Practice Test

Using the Expense option under the Global Create button is the correct method for recording an EFT (Electronic Funds Transfer) transaction for an expense. This method allows users to directly enter an expense transaction, specifying the date, payee, account, and any relevant details about the transaction. It's particularly efficient for typical expenses that are paid immediately and do not require invoice generation or checking processes.

When you select the Expense option, you can easily categorize the transaction, attach relevant documents, and ensure that the expense is recorded accurately in your financial statements. This approach helps maintain a clear record of cash flow and provides a straightforward way to handle expenses that are paid directly from a bank account.

The other methods do not align with the functionality required for recording EFT expenses. For example, the Write Check feature is typically used for issuing physical checks rather than electronic transactions. Creating an invoice is more suitable for recording revenue-generating transactions where payment is expected to be received later. The bill payment option is used in conjunction with accounts payable and typically applies to situations where you are paying a bill that was previously entered into the system. Therefore, utilizing the Expense option directly addresses the need to record an immediate cash outflow accurately.