Flashcards
Chapter 5 Key Terms
Cards in this deck (13)
- 1WorkspaceDisplays Money in and out for each QBO task
- 2InvoiceA sales transaction occurs when the product or service is provided to the customer, and the customer promises to pay later.
- 3Receive PaymentWhen a customer pays their account
- 4EstimateEstimate costs of products and services to a customer in the future.
- 5Refund ReceiptWhen the customer receives a refund
- 6Delayed CreditPending credit to a customer at a future date
- 7Delay ChargePending charge to a customer for a future date.
- 8InventoryProducts sold that are tracked quantities.
- 9NProducts sold that are not tracked for inventory.
- 10ServiceTask provided to the customer.
- 11BundleCombination of product and service sold together.
- 12Accounts ReceivableAmounts that a customer owes the business.
- 13Direct write-offRecording bad debt when the customer is not going to pay.
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- Description
- Theses are the key words for Chapter 5
- Created by
- JACKSON BOEVE
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