39964621
Description
Flashcards by Susan Esch, updated about 1 month ago
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Created by Susan Esch
about 1 month ago
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| Question | Answer |
| QBO Settings | Include Company Settings and QBO Chart of Accounts |
| Company Settings | Involve setting up a new QBO company and selecting company preferences, such as displaying account numbers |
| QBO Chart of Accounts | Is a list of all the accounts for a company which can be used to sort and track accounting information. |
| QBO Transactions | Involve recording transactions as input into the financial system, and the types of transactions can be categorized as Banking, Customer & Sales, Vendors & Expenses, and Employees & Payroll. |
| QBO Reports | Are the output of the system and typically provide information to decision makers. |
| Financial statements | Are standardized financial reports that summarize information about past transactions. |
| Balance Sheet | Summarizes what a company owns and owes on a particular date. |
| Profit and Loss Statement (or Income Statement) | Summarizes what a company has earned, and the expenses incurred to earn the income. |
| Statement of Cash Flows | Summarizes cash inflows and cash outflows for operating, investing, and financing activities of a business. |
| Dashboard | Provides an overview and summary of key information for your QuickBooks Online company. |
| Apps | Summarizes information about apps that work with QBO, such as QuickBooks Time and Bill.com. |
| QBO Tools | Gear icon, (+) New icon, Search icon |
| Gear icon | Is in the upper right corner of the QBO screen and lists various tasks which are grouped into categories: Your Company, Lists, Tools, and Profile. |
| (+) New Icon | Is at the top of the Navigation Bar and lists various new transactions we can create for categories: Customers, Vendors, Employees, and Other. |
| Search Icon | Is in the upper right corner of the QBO screen and permits us to search for amounts, dates, display names, and more to locate transactions. |
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