Chapter 5 Key Terms

Beschreibung

Theses are the key words for Chapter 5
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Zusammenfassung der Ressource

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Workspace Displays Money in and out for each QBO task
Invoice A sales transaction occurs when the product or service is provided to the customer, and the customer promises to pay later.
Receive Payment When a customer pays their account
Estimate Estimate costs of products and services to a customer in the future.
Refund Receipt When the customer receives a refund
Delayed Credit Pending credit to a customer at a future date
Delay Charge Pending charge to a customer for a future date.
Inventory Products sold that are tracked quantities.
N Products sold that are not tracked for inventory.
Service Task provided to the customer.
Bundle Combination of product and service sold together.
Accounts Receivable Amounts that a customer owes the business.
Direct write-off Recording bad debt when the customer is not going to pay.
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