Ch 5 QBO Key Words

Descrição

key words
Stephanie Spearman
FlashCards por Stephanie Spearman, atualizado more than 1 year ago
Stephanie Spearman
Criado por Stephanie Spearman aproximadamente 2 anos atrás
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Resumo de Recurso

Questão Responda
workspace displays money in and out, including specific QBO tasks for each
add products & services used to add items to the Products and Services List
manage customers includes adding and editing customers in the Customers List
send invoices is the task to create and send invoices to customers
receive payments records the transaction when payment is received from customers
invoice is used to record a sales transaction when the product or service is provided to the customer and the customer promises to pay later.
receive payment used to record a related sales transaction when a customer pays its account with cash, check, credit card, or online payment
estimate used to record estimated costs of products and services to be provided to a customer in the future
credit memo used when we need to record a credit, or reduction in the amount the customer is charged
sales receipt used to record a sales transaction when he customer pays tat the same point in time that the product or service is provided to the customer
refund receipt used when we give the customer a refund
delayed credit used to record a pending credit to a customer the will occur at a specified future date
delayed charge used to record a pending charge to a customer that will occur at a specified future date
inventory products that we sell for which we track quantities
non-inventory products that we sell but we don't need to track the quantity of the product
service services that we provide to customers
bundle a collection of products and services that we sell together as a bundle
accounts receivable amounts that a customer owes our business
direct write-off method records bad debt expense when it becomes apparent that the customer is not going to pay the amount due
allowance method estimates bad debt expense and establishes an allowance or reserve for the uncollectible accounts

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