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QBO Chapter 4

MORGAN RUNYAN Englisch 8 Karten

Karten in diesem Stapel (8)

  1. 13 Main ways to use QBO to record money coming in:Customer sales using sales receipts, customer sales using invoices > receive payments, Bank deposit.
  2. 2Examples of money coming in that is not a customer sale:Investments from company owners, cash received from loans, interest earned.
  3. 34 main ways to use QBO to record money out:Expense, check, bill > pay bills, purchase order > bill > pay bills
  4. 4Examples of money going out that could be recorded using the expense or check onscreen form includeRent expense, utilities expense, insurance expense, office supplies expense, services expense
  5. 5Examples of money going out that should not be recorded using a check or expense onscreen formPaychecks to employees for wages and salaries, payroll taxes and liabilities, sales taxes, bills already entered using the bill onscreen form
  6. 6How many checking accounts does a business needAt least one in the business name
  7. 7What should the business checking account be used for?Only for business transactions
  8. 8What are the objectives of a bank reconcilliationTo detect errors, and to update your accounting records for unrecorded items listed on the bank statement

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Karteikarten am QBO Chapter 4 , erstellt von MORGAN RUNYAN am 04/11/2024.
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