Bus 342 Key Terms QBO Ch. 1

Beschreibung

Key terms for Ch. 1 for QBO in Accounting Information Systems
Richard Kramer
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Richard Kramer
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Zusammenfassung der Ressource

Frage Antworten
QBO Settings Company Settings and QBO Chart of Accounts
Company Settings Set up company and preferences
QBO Chart of Accounts List of all accounts
QBO Transactions Inputs into the financial system
QBO Reports Outputs of the financial system: Info for decision makers, financial statements, tax returns, and management reports.
Dashboard Overview and summary of key information
Banking Bank and credit card accounts and transactions
Sales Transactions related to customers and sales (Money In)
Customers and Leads Customer info and marketing leads
Cash flow Money in and out
Expenses Transactions related to vendors and expenses (Money Out)
Projects Organizes and tracks the timeline and profitability of projects
Payroll Employee transactions and payroll (Money Out)
Time Time tracking for employee and contractors
Reports Summarize output for financial system
Taxes Sales tax and possible payroll tax
Mileage can track mileage
Accounting Chart of accounts
Capital Funding through Quick Book Capital or marketplace of partner lenders
Commerce Connect QBO company to sales channels
Apps Info on apps that work with QBO
My Accountant Connects info to business accountant
QBO Tools Gear, (+) New, Search
Gear Lists various tasks
(+) New Lists various transactions that can be created
Search Can search for amounts, dates, display names, and more
QBO Help ? Help
Sole proprietorship 1040 Schedule C
Partner (LLP) 1065
C corporation 1120
LLC Can be: Sole - 1040 C, Partner - 1065, of S Corp - 1120 S
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