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Created by Stephanie Spearman
almost 2 years ago
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Question | Answer |
expense | type of vendor transaction; expense form can be used to record expenses that we pay for at the time we receive the product or service; can pay using cash, credit card or check |
check | type of vendor transaction; check form is used when we write a check |
bill | type of vendor transaction; bill form is used to record a bill received and our obligation to pay the vendor later |
pay bills | type of vendor transaction; used to select bills we want to pay |
purchase order | type of vendor transaction; used to track products ordered from vendors |
vendor credit | type of vendor transaction; used when a vendor gives us a refund or reduction in the amount we owe the vendor to our bill |
credit card credit | type of vendor transaction; credit card credit form is used to record a credit, or reduction in charges by the vendor to our credit card |
accounts payable | amounts that our business is obligated to pay in the future |
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