QBO chapter 3

Descrição

Key terms/ ideas for QBO chapter 3
Richard Kramer
FlashCards por Richard Kramer, atualizado 17 dias atrás
Richard Kramer
Criado por Richard Kramer 17 dias atrás
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Resumo de Recurso

Questão Responda
QBO Lists Chart of accounts, customer lists, vendors list, employee lists, product and services list.
Chart of Accounts List of all accounts a company uses for recording transaction
Customer lists Collects information about customers
Vendor lists Information about vendors
Employees list Information about employees
Products and services list Information about the products and services that a company buys from vendors or sells to customers
When can lists be updated Before and while entering transactions
How to enter transaction information Onscreen journal or onscreen form
Options to navigate entering transactions Navigation bar, (+) New icon, and Gear icon > Recurring transactions
Types of transactions Banking and credit card, customers and sales, vendors and expenses, employees and payroll, and other
Banking and credit card transactions Deposits and transfers
Customer and sales transactions Invoices, customer payments, estimates, credit memos for reductions to customers/ accounts, sales receipts, refund receipts
Vendor and expenses Expenses, checks, bills (paying and entering), purchase orders, vendor credits, credit card credits
Employee and payroll transactions tracking employee time and paying employees
Other transactions adjusting entries
Recurring transactions Scheduled, unscheduled, and reminder
Scheduled transactions Recurring transaction for specified date automatically
Unscheduled Transaction appearing in recurring list but QBO does not automatically enter the transaction
Reminder Recurring transactions will alert to enter a new transaction
Double entry Debit/credit for each transaction

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